Remove Data Analysis Remove Finance Remove Financial Reporting Remove General Ledger
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Alteryx for Accounting: The Future of the Finance Organization

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That's the dynamic running rampant across industries right now, with finance organizations pushing Excel past its natural limits and, in turn, preventing their companies from taking a deep dive into the business intelligence pool. Alteryx Use Cases for Finance Professionals and Functions. Data requirements. Data structuring.

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Capitalising on the Fintech apps in APAC

Future CFO

More than 50% of mid-size enterprises plan to automate analytics/BI through cloud applications in the next 12 – 18 months, highlighting the demand for financial reporting and analytics capabilities. This trend is driven by the need for real-time data analysis and insights to make informed business decisions.

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Why Excel Spreadsheets Are Not Meant for Business Budgeting

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This is because Excel is easy to use and personal finances often require simple formulas and data entry. To successfully budget, you need access to each data source and up-to-date data. Consolidating your financial data across several general ledgers quickly becomes complicated when you use spreadsheets.

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Today’s Business Budgeting; Can Your Spreadsheet Software Keep Up

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With the fast pace of business change, CFOs need accurate financial information to make informed decisions on the fly. Accounting has evolved quite a bit since the early days of double-entry systems and general ledgers. Siloed financial data can lead to false assumptions because insight isn’t based on a complete picture.

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

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Disadvantages of Excel for Financial Forecasting While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business. Limited Visibility To conduct financial data analysis, your business needs to test various hypothetical scenarios.

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

Disadvantages of Excel for Financial Forecasting. While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business. To conduct financial data analysis, your business needs to test various hypothetical scenarios. Limited Visibility.