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The evolving role of CFO is driven by data

CIO Business Intelligence

But although their role has evolved, the technology which helps them is still playing catch-up, with the lack of reliable analytics and data one of the biggest hurdles to progress. A changing role and the need for data. The finance function has traditionally been known for its stability and process-based culture.

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Business Management Systems for Data-Driven Businesses

Smart Data Collective

Big data has become an invaluable aspect to most modern businesses. Nevertheless, many companies have been reluctant to Harvard Business Review reports that only 30% of businesses have a data strategy. However, companies with data strategies are far more successful than those without. Opt for a scalable accounting system.

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Benefits of Using Data Analytics in Equipment Financing

Smart Data Collective

Data analytics technology has touched on virtually every element of our lives. More companies are using big data to address some of their biggest concerns. Securing financing is a huge example. Data analytics technology is helping more companies get the financing that they need for a variety of purposes.

Finance 101
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Top 5 Data-Driven Lease Accounting Software Solutions

Smart Data Collective

Big data has radically changed the accounting profession. They are also using more advanced data analytics tools to make more meaningful insights into the nature of their clients’ financial matters. The lease accounting profession has been particularly influenced by advances in big data. Image source: Trullion.

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How Can Finance Functions Become Analytics Leaders?

Jet Global

Analytics in the finance function has been top of mind for CFOs for many years. A newly released FSN survey, “The Future of Analytics in the Finance Function” makes the point. A newly released FSN survey, “The Future of Analytics in the Finance Function” makes the point. Helpfully, the research sheds light on this too.

Finance 78
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Operational Finance in the Age of Covid-19: Time to Change the Basics?

Jet Global

Covid-19 has had a hugely disruptive impact on operational finance. The term ‘operational finance’ encapsulates the critical activities associated with order to cash, procure to pay, fixed assets, close, consolidation, and reporting. Invariably, these activities have seen added stress in 2020.

Finance 98
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The new CFO: How AI has changed the game for chief financial officers

CIO Business Intelligence

Traditionally, the work of the CFO and the finance team was focused on protecting the company’s assets and reputation and guarding against risk. While these roles will not change, the foundational work of the finance organization, the structure, the import, and the focus of these dimensions will change. It’s a huge shift from the norm.

Finance 105