Remove Data Analytics Remove Data Integration Remove Forecasting Remove Snapshot
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What’s Happening with AI & Big Data in August 2022

Smart Data Collective

But what is the state of AI and Big Data, right now? In this article, we take a snapshot look at the world of information processing as it stands in the present. Big data and AI have what is referred to as a synergistic relationship. It can take sales data, and use it to improve marketing. Data Democratization.

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Become a Financial Storyteller

Jet Global

Microsoft Excel offers flexibility, but it’s missing so many of the elements required to assemble data quickly and easily for powerful (and accurate) financial narratives. The reports created within static spreadsheets are based on a snapshot of reality, taken the moment the data was exported from ERP.

Finance 52
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Top Financial Reporting Challenges and How to Solve Them

Jet Global

There is yet another problem with manual processes: the resulting reports only reflect a snapshot in time. As soon as you export data from your ERP software or other business systems, it’s obsolete.

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Ditch Manual Data Entry in Favor of Value-Added Analysis with CXO

Jet Global

However, there is a downside; each system, operating independently, constitutes a data silo. Imagine that you want to look at sales forecasts, the current sales pipeline, year-to-date sales and prior years’ sales to understand how the company is performing relative to committed targets. Manual Processes Are Prone to Errors.

Finance 52
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Top 5 EPM Reporting Templates (+ How to Get Started with EPM)

Jet Global

That might be a sales performance dashboard for your Chief Revenue Officer, a snapshot of “days sales outstanding” (DSO) for the A/R collections team, or an item sales trend analysis for product management. Step 6: Drill Into the Data. Moreover, they’re constantly updated as new information becomes available.

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Pairing Angles for Deltek with Spreadsheet Server Produces Next-Level Operational Reporting

Jet Global

And that is only a snapshot of the benefits your finance users will enjoy with Angles for Deltek. Angles has been effective to providing us real-time financial and operational data that otherwise we would have to manually parse together. Tools to configure custom views for the remaining 20% of your team’s operational reporting needs.

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How to Transition to a Cloud ERP Without Disrupting Financial Reporting Processes

Jet Global

Every time you do an export from your ERP system, you’re taking a snapshot of the data that only reflects a single moment in time. A static (therefore outdated) view of the business : Another major problem with manual processes is that they don’t reflect what’s happening in the business in real time.