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Planning vs Forecasting: Four Key Differences

Jet Global

Many people use terms like “planning,” “forecasting,” “budgeting,” and “financial projection” somewhat interchangeably. When it comes to a plan vs forecast in particular, the line can be blurry. Let’s look at four key features that distinguish financial planning from forecasting: 1. Access Resource Now.

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Consolidated Data Fosters a Collaborative Budgeting and Planning Process

Jet Global

An effective budgeting and planning (B&P) process has always been a team sport for finance departments and their stakeholders. Traditionally, finance teams like yours primarily relied on internal data sources like ERP systems. Collaboration isn’t just about internal communication within the finance department anymore.

Finance 52
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How EPM Solutions Increase Efficiency in Data Management and Reporting

Jet Global

In today’s data-driven business environment, the finance team plays a critical role in transforming raw data into actionable insights that inform strategic decision-making. Furthermore, basing your budgets and forecasts on inaccurate or incongruent data from silos can have a detrimental impact on decision-making.

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Technology in the Finance Function: Which Trends Will Impact Tax and Transfer Pricing?

Jet Global

Read any overview of how the finance and accounting function is changing, and you will notice several common themes. Three of the most important of these are: cloud migration, data standardization, and interoperability. The aim of technology in finance is to remove friction. Access Resource. Implications for Tax Teams.

Finance 52
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What is a Data Pipeline?

Jet Global

A data pipeline is a series of processes that move raw data from one or more sources to one or more destinations, often transforming and processing the data along the way. Data pipelines support data science and business intelligence projects by providing data engineers with high-quality, consistent, and easily accessible data.

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Examining the Skills Most in Demand by Tax Teams: The Merger of Tech and Finance

Jet Global

Finance teams have played a leading role in the adoption of technology to transform previously inefficient manual or spreadsheet-based processes. International tax regimes are also undergoing significant change, driven by the need for more transparency and accountability.

Finance 52
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Data Prep for AI: Get Your Oracle House in Order

Jet Global

Despite the transformative potential of AI, a large number of finance teams are hesitating, waiting for this emerging technology to mature before investing. According to a recent Gartner report, a staggering 61% of finance organizations haven’t yet adopted AI.

Finance 52