The current reality of organizations’ budgeting, financial, and performance management function is that many processes that support budget formulation, execution, and performance tracking activities primarily rely on manual data re-entry and manipulation in MS Excel, MS SQL, MS Access or custom VBA systems.
These home grown systems are often inadequately integrated with organization-wide systems; difficult to maintain and adjust; and most importantly, lack flexibility and analytical power.
Business analytics tools can help organizations achieve tighter costs control and internal compliance, and improve efficiency and decision-making. Business analytics tools can improve accuracy of analysis, budgets and forecasts by up to 90% and can reduce cycle times by as much as 75%...
Learn more in our new Technology Brief: Business Analytics for Budget and Finance Professionals.
