Increase Productivity and Effectiveness

The recent explosion of enterprise data presents business analysts and FP&A groups with a significant opportunity as well as a substantial challenge.

The opportunity is to expand the range and depth of analyses that analysts perform, enabling finance departments to function as a strategic partner to the rest of the organization. It’s in large part created by the software that companies now use to manage and support almost every major function in their business. Moreover, there’s a wealth of potentially useful information outside a company’s four walls. On the internet can be found relevant data about markets, competitors and customers. Social media and devices now generate data that can be useful for assessing market conditions and customer sentiment or providing alerts for problems or opportunities. Our Data Preparation benchmark research finds that almost half (45%) of companies identified six or more different data sources as important for their financial and operational analyses.