Predictive analytics is used by businesses all over the world to produce predictions or model forecasts that employ data analytics, automation, and machine learning to make business decisions. Data is usually run through a series of predictive models and algorithms,…
As you will read below, the term “financial health” means different things to different people. In general terms, the management sees simple data and proclaims that the financial position of the company is really good. While the ones with industry knowledge…
We’ve all learned what I’m about to tell you in those Intro To Business classes that you took back in high school, but the end goal of a business is to be profitable or in layman’s terms, to make money…
Keeping up with the influx of information from various departments can be difficult for a CFO. A finance team requires a single source of truth that provides real-time data and easy-to-read information. Luckily, Enterprise performance management (EPM) enables them to…
The world of business runs on numbers, always has and always will. Think of the pressures upon a business owner on a day-to-day basis. The company is always striving to improve sales numbers which will in turn improve revenue numbers…
Keeping track of financial metrics to monitor performance has been going on since the days of traders conducting business using the abacus. The simplest financial metric that most people used for centuries was raw profit. Do you have more money…
There are a multitude of reasons that a business would need a financial overview. These reasons can vary from courting new investors for a fresh infusion of capital to figuring out why net income was lower this quarter than it…
Financial Consolidation is an important part of reporting a business or corporation’s financial performance in a given fiscal year. Sometimes, people get the term “financial consolidation” mixed up with “debt consolidation” which is a completely different term altogether. Debt Consolidation…
Extended Planning and Analysis goes far beyond the scope of traditional Financial Planning and Analysis (FP&A). This entails an analysis of the organization as a whole and enterprise planning that incorporates all departments. The data takes several areas of the…
Financial executives need to understand the importance and value of financial reporting and analysis. No organization can survive profitably in today’s economy without having a strong grip on the subject. This post has discussed the insights of modern financial reporting…
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