CIO Business Intelligence

SEPTEMBER 2, 2022

But financial services companies need skilled IT professionals to help manage the integration of new and emerging technology, while modernizing legacy finance tech. As demand for tech skills grows in the finance industry, certain IT jobs are becoming more sought-after than others. Data engineer.

Finance 98

Finance IT Software Reporting 98

CIO Business Intelligence

AUGUST 31, 2022

But financial services companies need skilled IT professionals to help manage the integration of new and emerging technology, while modernizing legacy finance tech. As demand for tech skills grows in the finance industry, certain IT jobs are becoming more sought-after than others. Data engineer.

Finance 98

Finance IT Software Reporting 98

Jet Global

JULY 5, 2023

The results are in–for the third year in a row, insightsoftware has partnered with Hanover Research to deliver our yearly Finance Team Trends Report. Comparing results across the years shows an incredible journey for finance teams across the globe. Here, we discuss the top trends for finance teams this year.

Finance 52

Finance Uncertainty Reporting Marketing 52

Alation

OCTOBER 26, 2021

Because of the criticality of the data they deal with, we think that finance teams should lead the enterprise adoption of data and analytics solutions. And while some might see finance as the most conservative department in an enterprise, we believe that they can become innovators, driving how their business consumes and uses data.

Finance 52

Finance Data Transformation Enterprise Metrics 52

Jen Stirrup

AUGUST 14, 2019

This is particularly evidence in relationships between Finance and IT. IT and Finance concepts are difficult for non-specialists to understand, and messages may not be received as they were intended when working across different teams. However, the quantity of communication does not always reflect the quality of communication.

Business Intelligence 40

Business Intelligence Finance IT Cost-Benefit 40

Jet Global

DECEMBER 21, 2020

And, as always, finance teams always have an interest in polishing up their Excel skills, so they can focus on the results of the calculations, not on how to perform the calculation in the first place. Don’t let Excel hold you back; it should be a key tool when working in finance. 2020’s Most Talked About Topic: Cash Flow. Tiny Charts.

Finance 105

Finance Dashboards Metrics Reporting 105

Jet Global

APRIL 12, 2023

Surveying global decision-makers in finance, IT, and operations, results showed that 71% of IT departments are spending an entire day each week generating recurring operational reports. Key findings include: Operational reporting costs 71% of IT departments, on average, 1 day per week, or $23,730 per year in salary costs.

Operational Reporting 52

Operational Reporting Finance Reporting IT 52

Jedox

MAY 17, 2022

Predictive Analytics Example in Finance. In finance, we know there are annual events that substantially impact our data, like IRS filing deadlines. For example, most finance data obeys a very common cycle – lots of data and activity Mondays through Fridays, much less activity and data on Saturdays and Sundays.

Predictive Analytics 81

Predictive Analytics Finance Forecasting Analytics 81

Jet Global

DECEMBER 16, 2020

There is often a communication gap between the technology experts in the IT department and the accounting experts in the finance department, especially when it comes to designing or modifying financial reports. The root cause of miscommunication is the gap in understanding across the domains of IT and finance.

Finance 52

Finance Reporting IT Cost-Benefit 52

Jet Global

MAY 12, 2020

Pharmaceutical finance and accounting professionals are already facing complex issues, needing to make judgement calls on applying existing rules to R&D costs, acquisitions, contingencies, revenue recognition, income taxes, financial statement presentation and disclosure, and more. How can pharmaceutical accounting departments keep up?

Finance 64

Finance Reporting Cost-Benefit Digital Transformation 64

Jet Global

JULY 21, 2022

Data show increased digital efficiency across most finance functions, but expanding responsibilities and diminishing resources create new challenges. July 21, 2022 – insightsoftware , a global provider of reporting, analytics, and performance management solutions, today launched its annual Finance Team Trends Report. RALEIGH, N.C.

Digital Transformation 52

Digital Transformation Finance Reporting Interactive 52

Jet Global

MAY 11, 2021

. – May 11, 2021 – In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. Finance Team’s Role & Challenges. Two-Year Priorities.

Finance 98

Finance Technology Forecasting Uncertainty 98

CIO Business Intelligence

DECEMBER 11, 2023

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 104

Finance Forecasting IoT Predictive Modeling 104

Jet Global

OCTOBER 16, 2019

The term “AI” is being thrown around a lot lately, but realistically how will it change the world of finance? Here are our predictions as the modern finance department looks to the future. This may appear long-winded, but it very much reflects what’s starting to materialise in a finance team today. RPA is very effective.

Finance 58

Finance Data-driven Reporting Digital Transformation 58

Jet Global

JANUARY 2, 2020

While BI tools serve many lines of business well and have their obvious merits, they often don’t hit the mark in finance. Finance teams’ reporting needs are too specialised for modern BI tools, so finance needs something different. But this does not solve the problem for finance, either.

Finance 52

Finance Management Data Warehouse Reporting 52

CIO Business Intelligence

JUNE 30, 2023

How well the CIO understands finance : “The CIO should run IT like a business within a business,” says McGittigan. Some technology companies, such as AMD, create and sell products that are based on information technology and are also used within the IT department. Most CIOs don’t have the benefit of a background in finance.

Finance 113

Finance Cost-Benefit Digital Transformation Reporting 113

Jet Global

AUGUST 17, 2020

What is a Finance Department and Manager Level KPI? A finance department Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure used to evaluate a company’s financial performance. Utilizing KPIs Within Your Finance Department. How to Build Finance Department KPI Dashboards.

Finance 98

Finance Metrics KPI Key Performance Indicator 98

Smart Data Collective

MARCH 27, 2023

Keep reading to learn more about the relevance of AI in finance. The Evolution of Fintech For decades the most important technological innovation in finance was the calculator. Digital technology allows you to transition into growth without endlessly expanding your departments. AI is Changing Finance AI is certainly the future.

Software 89

Software Finance Cost-Benefit Data-driven 89

CIO Business Intelligence

OCTOBER 17, 2023

NetSuite is adding generative AI and a host of new features and applications to its cloud-based ERP suite in an effort to compete better with midmarket rivals including Epicor, IFS, Infor, and Zoho in multiple domains such as HR, supply chain, banking, finance, and sales.

IT 130

IT Finance Sales Enterprise 130

Jet Global

FEBRUARY 28, 2022

The same report found that every week, finance professionals spend over 25% of their time producing financial statements. Finance teams are bogged down by a variety of roadblocks, including: Lack of time spent on analysis. 31% of decision makers feel that their finance teams need more time for analyzing data. Lack of resources.

Finance 98

Finance Reporting Software Consulting 98

IBM Big Data Hub

JULY 12, 2023

This prompted the finance director to authorize the development of a more robust and accurate solution. Journey to integrated business planning Traditionally, Planning Analytics was seen as a finance tool, but GKN Aerospace executives recognized the benefits of having a unified approach to planning and reporting across multiple departments.

Manufacturing 66

Manufacturing Finance Sales Cost-Benefit 66

Smart Data Collective

APRIL 10, 2020

The Department of Energy recently announced that it is taking steps to accelerate the integration of machine learning technology in energy research and development. The head of the Department of Energy announced that they will be investing $30 million in artificial intelligence and machine learning algorithms.

Machine Learning 138

Machine Learning IoT Optimization Technology 138

CIO Business Intelligence

JULY 4, 2022

CAOs are responsible for managing an organization’s finances as well as creating goals, policies, and procedures for the company to help it operate more efficiently and compliantly. If a department is underperforming, a CAO can step in and identify what areas need to change or be improved to turn things around.

Manufacturing 98

Manufacturing Finance Reporting Risk Management 98

CIO Business Intelligence

JULY 5, 2022

CAOs are responsible for managing an organization’s finances as well as creating goals, policies, and procedures for the company to help it operate more efficiently and compliantly. If a department is underperforming, a CAO can step in and identify what areas need to change or be improved to turn things around.

Manufacturing 97

Manufacturing Finance Reporting Risk Management 97

Timo Elliott

MAY 10, 2023

Like all finance departments, they loved Excel. You can’t wake up and just decide ‘I want to be great today’!” And they wanted to make sure that financial plan was in the hands of everybody across the business so they could adjust and adapt when (inevitably) things do go as planned.

Finance 98

Finance Data Processing Reporting Testing 98

CIO Business Intelligence

JANUARY 5, 2024

We closed three of our own data centers and went entirely to the cloud with several providers, and we also assembled a new data strategy to completely restructure the company, from security and finance, to hospitality and a new website. I like to call the IT department ‘information decision systems.’ For us this is fundamental.

IT 113

IT Finance Cost-Benefit Strategy 113

Jet Global

AUGUST 11, 2020

Naturally, that includes the finance department. Automation isn’t new to finance departments, but the degree to which automation is relied upon continues to rise. Marketing and sales, for example, may not have their day-to-day operations significantly impacted by the digital transformation led by the finance team.

Digital Transformation 90

Digital Transformation Finance Machine Learning Data Collection 90

CIO Business Intelligence

AUGUST 30, 2022

The finance function has traditionally been known for its stability and process-based culture. Companies are awash with information, each different department has their own KPIs and methods of reporting. Thrive in a Disruptive Landscape by Reimagining Finance. . A changing role and the need for data.

Data-driven 98

Data-driven Finance Digital Transformation Operational Reporting 98

Jedox

JUNE 25, 2020

However, the changed, driver-based approach requires not only close collaboration between the finance department and the specialist departments, but also clean and correctly linked data and a tool suitable for management that can be used without programming knowledge.

Technology 93

Technology Finance Cost-Benefit Forecasting 93

CIO Business Intelligence

JUNE 22, 2023

So much so that IT roles are no longer just the purview of the IT department. And as the demand for tech talent grows in industries beyond tech, salaries are on the rise in fields such as consulting, finance, hospitality, and more. Technology has quickly become a top priority for businesses across every industry.

IT 120

IT Insurance Recreation/Entertainment Consulting 120

IBM Big Data Hub

JUNE 29, 2023

IBP brings together various functions, including sales, marketing, finance, supply chain, human resources, IT and beyond to collaborate across business units and make informed decisions that drive overall business success. Leadership commitment, led by CFO, is crucial for successful implementation.

Key Performance Indicator 83

Key Performance Indicator Forecasting Data Integration Sales 83

Jedox

MAY 14, 2020

It is also essential to support team members in their daily tasks, because although there are challenges with spreadsheet-based planning, it is at still firmly anchored in finance. Can your finance team become both budget administrators and business users of the tool?” Involve other departments early on.

Digital Transformation 96

Digital Transformation Finance Consulting Sales 96

Jedox

JANUARY 16, 2019

The benefits of the cloud are clear: more flexibility to adopt new technologies to meet changing business needs, ease of collaboration and data sharing among departments and partners, and greater computing capacity for data storage and analysis, especially as more devices are connected. FP&A Trend No. #3:

Finance 44

Finance Forecasting Predictive Analytics Cost-Benefit 44

CIO Business Intelligence

APRIL 25, 2024

He gave the example of a large organization where some departments practiced good cloud hygiene but the same couldn’t be said for three-quarters of the other departments. Building out a governance strategy based on the practices of departments that are getting it right is vital for tracking — and reining in — your cloud budget.

Management 62

Management Optimization Strategy Enterprise 62

Timo Elliott

MAY 19, 2023

Beyond the numbers, the initiative has impacted the SBB’s workforce positively, reducing efforts for various departments regarding simple, repetitive work and enabling a stronger focus on complex topics in data quality and governance. This shift has enabled them to concentrate on more intricate aspects of data quality and governance.

Data-driven 98

Data-driven Digital Transformation Data Quality Optimization 98

Jet Global

FEBRUARY 10, 2021

With the turn of the new year and many organizations now knee deep in their own year-ends, it’s possible that tax and finance departments are once again grappling with last-minute transfer pricing adjustments. The result is a year-end scramble once all the finance numbers are finalized.

Finance 98

Finance Uncertainty Forecasting Software 98

Jet Global

JUNE 22, 2023

They believe in the digital finance transformation, and their posts focus on embracing change. Deloitte CFO Articles & Insights Link: [link] Anyone in finance should know about Deloitte. Typically, you would think that these kinds of questions should be dealt with by the HR department.

KPI 105

KPI Finance Dashboards Digital Transformation 105