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Certinia uses AI to accelerate finance functions for service companies

CIO Business Intelligence

Certinia is using predictive AI to deliver more precise forecasts of cash flow and days to pay, based on analyses of trends in customer payments, and to forecast how many days it will take to staff resource requests, help enterprises keep projects on schedule, or to manage their customers’ expectations when things fall behind. “We

Finance 71
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Humans-in-the-loop forecasting: integrating data science and business planning

The Unofficial Google Data Science Blog

ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective. Our team does a lot of forecasting. It also owns Google’s internal time series forecasting platform described in an earlier blog post.

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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 86
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How to Incorporate Long-Term Forecasts Into Your Tax Reporting Toolkit

Jet Global

Many organizations already consider the potential short-term challenges to their tax positions when building forecasts. When tax professionals were asked in a recent insightsoftware webinar to consider the areas of long-term forecasts that most interest them, the results were as follows: Forecasted ETR – 56%.

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Data-driven financial planning is still falling short of its potential

CIO Business Intelligence

Among the relationships that technology teams have with other business departments, the potential for improved IT-finance collaboration is quite possibly the most under-explored. They tested free shipping as a lever against a 10% discount on each order and found that the former generated twice as much business. Poor quality data.

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How Have Global Fluctuations Changed Your Planning Process?

Jet Global

For many organizations, a frequent complaint related to financial planning has been the level of disconnect that sometimes exists between Finance and Operations. Planners began to integrate functional and departmental plans into their own forecasts. Speed was one of the main qualities tested.

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The Case for Continuous Financial Planning after Covid-19

Jet Global

Companies use forecasting to make critical investments, plan for covenant compliance, and even decide on future mergers and acquisitions (M&A) strategies. The way we perceive business risk, and how we manage it, is fundamentally different for every finance leader on the planet. Why change the process? What is continuous planning?