Empowering remote finance teams with the right tools

Phocas

For finance teams, the transition to remote work during COVID-19 has brought a mix of various opportunities and challenges. Since finance teams spend most of their time on their computers to create various reports, analyze and process data, remote work hasn’t created too many obstacles.

Key performance measures to track from finance data

Phocas

As finance plays a vital role in an organization’s critical decision-making, we’re going to take a look what KPIs to set. Finance data closes the time gap between customers’ demands and businesses’ response to them.

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Financial Statement Reporting Software: A friend for your finance team

Phocas

Finance teams have been opposing the arrival of Financial Statement Reporting Software for a simple reason — many assume that it will put you out of a job. Business Intelligence Basics Job Role - Finance Job Role - Executive Financial Statements Dynamic reporting

Bajaj Finance Stock Price Prediction in Python

Analytics Vidhya

The post Bajaj Finance Stock Price Prediction in Python appeared first on Analytics Vidhya. Introduction The motivation behind This article comes from the combination of passion(about stock markets) and love for algorithms. Who doesn’t love to make money.

Up Your Analytics Game: How to Empower People to Take Action

Speaker: Tom Davenport, President’s Distinguished Professor of Information Technology and Management, Babson College

Join top-ranked analyst and bestselling author of Competing on Analytics, Tom Davenport, to learn how analytics technology provides Financial Services HR professionals with unique insights that create strategic value.

New finance solution to drive digital transformation

Phocas

Many finance teams with multiple entities and divisions can spend up to 40% of their time gathering data to prepare these static reports, rather than analyzing the data. A finance solution created by Phocas to enable a speedy digital transformation to dynamic, interactive reporting, is now available. Backed by the power of a data analytics toolkit, finance teams can now deliver more business insight and empower others to use the right data to measure business performance.

Attract and keep the best finance talent with financial analysis software

Phocas

There is a global shortage of finance talent. Yet there is also a growing push toward having a more modern finance team that can be ready for anything, can quickly share up-to-date numbers and coach others in the business about financial performance.

How the finance team uses analytics to automate reporting

Phocas

By harnessing technology and implementing data analytics, the finance team automates its month end and statutory reporting which helps get to the source of the data faster and make clear decisions. Case Study Job Role - Finance Dynamic reporting data analytics data visualizations Inventory ManagementTo monitor the performance of its business, Whiting Holdings, an Australian steel distributor, consolidated all its financial, sales and inventory data into one platform.

SoftBank Group restarts dividend as finances stabilise

DataFloq

TOKYO (Reuters) - SoftBank Group Corp said on Friday it would pay an interim dividend of 22 yen per share for the current year, the same as the previous fiscal year, after a series of massive asset sales stabilised the group's finances. By Sam Nussey.

Blockchain: The Fall of Traditional Centralized Systems in Business & Finance

Smart Data Collective

One of the biggest industries that has been affected has been finance. The change that seems most prevailing in terms of technological advancement is in business and finance to kickstart this revolution. The most prominent advancements being business and finance.

Expedite Trade Finance Transactions with Intelligent Automation

DataFloq

Hence banks get involved from either side to hedge off risk and take care of the financial transaction and goods exchange giving rise to a new branch in banking – Trade Finance. Intelligent Automation enables the transacting parties to expedite the entire Trade Finance process to the nth level.How does Intelligent Automation expedite Trade Finance?Intelligent Trade is a sign of a booming economy. It is executed between different geographies and time zones.

How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Typically, this approach is essential, especially for the banking and finance sector in today’s world. Right now, Big Data tools are continuously being incorporated in the finance and banking sector.

G7 finance officials back need to regulate digital currencies: Treasury

DataFloq

WASHINGTON/BERLIN (Reuters) - Finance ministers and central bankers from the Group of Seven (G7) advanced economies strongly supported the need to regulate digital currencies, the U.S. By Andrea Shalal and Christian Kraemer.

Will Finance Become 100% Digitalized?

Jedox

We have been talking about a digital transformation in Finance for ages. More importantly, how will the finance function look afterwards? The second idea is riskier because pieces of the finance function will be continually moving to a better digital platform.

EV maker Xpeng plans new plant with local government financing

DataFloq

BEIJING (Reuters) - Electric vehicle maker Xpeng Inc said on Monday it would start building a new car plant in China's southern city of Guangzhou with 4 billion yuan ($590 million) in financing from the local government.

RPA? ?in? ?Banking? ?and? ?Finance? ?Industry:? ?The? ?Use? ?Cases? ?and? ?Benefits? ?

DataFloq

Banks and financial service providers are no exception.Banking and financial service organizations have started evaluating the value of RPA tools with pilots in the areas of operations and finance due to their repetitive, time-consuming, and logic-driven tasks.

Token Financing: How Tokenization Will Change the Economy

DataFloq

Token financing has the opportunity to change the world economy drastically. Security tokens will enable organisations to bring real-world assets online, and decentralised finance (DeFi) aims to replace all existing financial services by decentralised solutions. . Therefore, the 2Tokens project organised a third round table to discuss what token financing is, how it will impact the economy, and what we need to do to make it a success.

Facebook's renamed cryptocurrency is still 'wolf in sheep's clothing': German Finance Minister

DataFloq

BERLIN (Reuters) - It will take more than renaming Facebook's cryptocurrency to address the concerns regulators have about authorising its launch in Germany and Europe, German Finance Minister Olaf Scholz said on Monday.

Is 2019 The Year Finance Discovers Blockchain?

DataFloq

It’s increasingly becoming clear that 2018 could very well be the year that finance discovers blockchain in a meaningful way for the first time, which could usher in a new era for this burgeoning digital technology. Here’s why financial institutions and the finance sector are gradually beginning to warm up to blockchain, and what that means for this technology going forward.

Data: The Crumbling Foundation of Finance, Our Once Trusted Advisor

Teradata

The most frequently asked question of Finance departments today is, ‘whose data do we trust’? Here’s how to ensure Finance always has the correct answer

Washington state seeks $100,000 from Twitter for campaign finance violations

DataFloq

(Reuters) - Twitter Inc will pay $100,000 for failing to meet Washington state's disclosure laws over payments related to multiple political ads that were posted on its platform since 2012, the state's attorney general said on Tuesday.

How Decentralised Finance Will Change the World's Economy

DataFloq

Two of the most exciting applications are supply chain and finance. Decentralised Finance (DeFi) will make a game-changing impact on the world in dozens of different economic dimensions. What is Decentralised Finance? Decentralised Finance, or Open Finance, is all about creating a global, decentralised alternative to every financial service that exists today, including insurance, savings, loans, etc.

You think money grows on trees? Estonian firm seeks finance from forests

DataFloq

By Tarmo Virki. TALLINN (Reuters) - Estonian company Single.Earth has raised millions of dollars to buy forests and wetlands, it said on Friday, aiming to tap into a rapidly growing carbon-offset market and public concern over the amount of logging in the country.

German finance minister says confident we can agree on blueprint for digital economy taxation in autumn

DataFloq

BERLIN (Reuters) - German Finance Minister Olaf Scholz said on Tuesday he was confident that a "blueprint" for deals at the Organisation for Economic Cooperation and Development on taxation of the digital economy and minimum taxation can be agreed in autumn. "I

Why The Future of Finance Is Data Science

DataFloq

Statistics are a vital part of learning customer basis and seeing exactly what is occurring within the finance company and how it can be improved. The entire process of working is going through fast changes with every advance in technology. Top financial advisors and leaders now see the future completely reliant on data science. Automation is occurring in all industries, and while some jobs will become streamlined, that does not necessarily mean lowering the number of employees.

U.S. offers Brazil telecoms financing to buy 5G equipment from Huawei rivals

DataFloq

government stepped up an offensive on Tuesday to keep China's Huawei Technologies out of Brazil's 5G market, with Washington offering to finance purchases by Brazilian telecom companies of equipment from its competitors. International Development Finance Corporation (DFC), the U.S.

China's Ant Group plans consumer finance firm in growth push ahead of IPO

DataFloq

HONG KONG (Reuters) - Ant Group, Alibaba's fintech arm and China's dominant mobile payments company, plans to set up a consumer finance firm in the southwestern city of Chongqing, expanding its presence in the fast-growing domestic business, two sources told Reuters. By Julie Zhu.

Big Data’s Impact On Investing And The Finance World

Smart Data Collective

The post Big Data’s Impact On Investing And The Finance World appeared first on SmartData Collective. Big Data Fintech SmartData Collective Exclusive big data finance fintech investingTraditionally, the world of investing was bland and exclusive. Investment vehicles were not very different from one another and minimum capital requirements meant that even this was reserved for the few who had the means.

How to Get Started With Algorithmic Finance

KDnuggets

Algorithmic finance has been around for decades as a money-making tool, and it's not magic. 2020 Jan Tutorials, Overviews Algorithms Finance Hedge fund Investment Time SeriesLearn about some practical strategies along with and introduction to code you can use to get started.

Real-World Machine Learning Case Study: Clustering Transactions Based on Text Descriptions

Analytics Vidhya

Banking Intermediate Machine Learning Topic Modeling Unsupervised Use Cases finance clustering finance machine learning finance use case K-means Clustering unsupervised learningIntroduction We are living in the era of digital technologies. When was the last time you walked into a shop that didn’t have a. The post Real-World Machine Learning Case Study: Clustering Transactions Based on Text Descriptions appeared first on Analytics Vidhya.

5 Tips for High Quality Finance Forecasting

Jedox

Finance professionals regularly try to look in their crystal ball with forecasts and enable the company to have seamless, solid planning. With these five tips for high quality finance forecasting, you can increase the quality of your forecasts and ensure more successes for your organization. The post 5 Tips for High Quality Finance Forecasting appeared first on Jedox. A high-quality business forecast delivers far more than just numbers.

A Proven Template For Financing Data-Driven Startups

Smart Data Collective

Tech startups face a substantial amount of competition for business financing. Remember to search for quick business loans online to get financing for your tech startup without dealing with venture capital investors. This is the best way to find funding for a tech startup while avoiding the heavy competition for financing. That way, you can find reputable business loans and get approved quickly to secure financing for your tech startup.

Bridging the Gap Between IT and Finance to Accelerate Reporting

Insight Software

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. In a best case scenario, IT and finance will sit down to walk through the process.

25+ KPIs and Metrics for Finance Departments in 2020

Jet Global

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.

13 Use Cases for Data-Driven Digital Transformation in Finance

DataCamp

Financial institutions can seamlessly integrate digital technologies with data-driven insights

4 Problems Financial Reporting Automation Solves for Corporate Finance Teams

Jet Global

This is especially true in the world of finance, where businesses generate an overwhelming amount of data. And with automation software constantly improving, implementation in finance has never been easier. 4 Problems Automation Solves for Your Finance Team.

What Ventana says about the future of finance and analytics

IBM Big Data Hub

Follow @IBMAnalytics. Ventana Research is a leading benchmark research and advisory services organization, providing some of the most comprehensive analyst and research coverage for business

The Power of AI in Finance and Algorithmic Trading

DataCamp

As artificial intelligence, machine learning, and data science are fundamentally changing the world, we need to investigate how they’re impacting finance and algorithmic trading, particularly at a time when markets are so vulnerable and volatile

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. It finds that only 14% of finance functions say their analytics is insightful. For 22% of finance functions analytics is merely “routine”, revolving around standardised ERP reporting with little effort to mine its analytic potential. The post How Can Finance Functions Become Analytics Leaders?

D365 F&SCM Finance Team Wish List for 2021

Jet Global

Microsoft Dynamics 365 Finance & Supply Chain Management (D365 F&SCM) offers robust capabilities for mid-sized businesses and large enterprises. Most finance and accounting professionals love to work in Microsoft Excel.

Top 3 Winning Solutions and Approaches from LTFS Data Science FinHack 2 (with Code)

Analytics Vidhya

Analytics Vidhya Banking Data Science Intermediate Winners Approach banking data science data science hackathon finance data science finance hackathon Hackathon Time Series time series hackathon winning solution hackathonOverview Presenting the top three winning solutions and approaches from the LTFS Data Science FinHack 2 The problem statement for this hackathon was from.

Inform Your 2021 By Looking At the Most Popular Finance Content of 2020

Insight Software

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.

How to Evaluate FP&A Tools for Your Finance Department

Jet Global

The capabilities of these innovative solutions unlock efficiencies and performance power to help finance departments deliver more value to their organizations. Finance departments traditionally haven’t had a central role in managing performance and strategies across their entire organizations.