Effective Software and Robust Data Are Key to Improvement

"By itself data isn’t useful for business. It requires analytics to transform data into actionable information. Analytics of one sort or another has long been a core competence of finance departments, applied to balance sheets, income statements or cash flow statements. Today, however, Finance must go beyond these basics by expanding the scope of the data being examined to bring together financial and operational information that can yield actionable insights. For example, data from the systems that manage sales operations, human resources and field service must be available for analysis and to all departments and applications that need it."