article thumbnail

The AI CFO: Understanding the impact of AI on the role of CFOs

CFO Share

The integration of AI in finance operations has already transformed the way CFOs analyze data, make decisions, and navigate complex financial landscapes. Identify AI Solutions: Research and select AI solutions that align with the defined objectives and address the identified data and infrastructure requirements.

CFO 40
article thumbnail

What Is Business Intelligence and How Does It Link to EPM?

Jedox Finance

It also needs to be based on insights from data. Effective decision-making must be based on data analysis, decisions (planning) and the execution and evaluation of the decisions and its impact (forecasting). Good decision making should involve more than just a good artistic sense and strong intuition. an approved budget).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Finding the Patterns in Big Data

The Finance Weekly

One of the most powerful ways to defend against competitors and shine amongst your peers is to discover that one gem of data that drives action. In technical terms, it’s the art and science of mining your data to find key patterns. 2 Clean Up Your Data The quality of your data analysis is only as good as the data you've collected.

article thumbnail

Report the Future: The Role of Automation in Financial Reporting

Centage

And fortunately, modern technology is resulting in a data flood that enables companies to predict more than ever before. By collecting and analyzing data from various parts of the organization, companies can generate reports that provide data-driven answers to all the questions plaguing them.

article thumbnail

How to Create a Flexible, Agile FP&A Function

Centage

For truly effective forecasting, businesses and financial departments need to find new ways of assembling and analyzing data. Unfortunately, many companies are still using spreadsheets and other less-efficient manual tools for planning.

article thumbnail

3 Ways to Use Power BI To Make the Most Of Nonprofit Data

Collectiv

Data analysis is a treasure trove for non-profits. Solid processes around nonprofit data give you critical information to highlight unique aspects of your organization, boost morale, increase credibility, enhance transparency, and build community awareness to support your mission.

article thumbnail

What the Heck is Power BI?

Collectiv

Still, this analysis work is a must to enable business leaders to make informed decisions…even if they have to literally review dozens of disparate reports to hunt down valuable insights. Power BI saves organizations time and resources by streamlining data analysis, visualization, and reporting processes. Enter, Power BI.