The New 'A and B' of the Finance Function: Analytics and Big Data
There's no escaping the fact that finance, and the very nature of its transactions have changed enormously in less than a decade. The finance function has grown beyond simply supporting the business by providing robust forecasting, squeezing liquidity without affecting the business and refinancing. Business acquisitions have brought in multiple legacy systems across businesses with data structures that are out of date or misaligned with the organization's objectives. Lack of clarity on key business metrics lead to data structures not being aligned appropriately. The finance function is now seen as the custodian of business wide information, and is pivotal in structuring data sets that align robust information to the key business metrics.