TDWI Announces New Best Practices Report: Transforming Finance: How CFOs Use Business Intelligence to Turn Finance from Record Keepers to Strategic Advisors
TDWI Research has announced the release of its latest Best Practices Report, "Transforming Finance: How CFOs Use Business Intelligence to Turn Finance from Record Keepers to Strategic Advisors." The report, based on interviews with finance department executives, financial analysts, and BI practictioners as well as a 20-question survey that TDWI conducted in August 2009, outlines how the finance department has the ability to be a powerful agent of organizational change by collaborating with the BI team.
SEATTLE, January 12, 2010---TDWI Research has announced the release of its latest Best Practices Report, "Transforming Finance: How CFOs Use Business Intelligence to Turn Finance from Record Keepers to Strategic Advisors." The report, based on interviews with finance department executives, financial analysts, and BI practictioners as well as a 20-question survey that TDWI conducted in August 2009, outlines how the finance department has the ability to be a powerful agent of organizational change by collaborating with the BI team. The report can be downloaded free at http://www.tdwi.org/Research/ReportSeries/index.aspx.
Pertinent findings in this report include:
- Less than half of survey respondents thought the finance department provides a strategic advisory role to the business to a high degree.
- To succeed, the BI team must create a data warehousing environment that contains all the data that the finance department needs.
- Once the BI team delivers a solid BI infrastructure, the finance department can spend 80% of its time analyzing data instead of collecting it.
- Armed with analytical insights, the finance department can collaborate with business managers to optimize pricing, reduce inventory, streamline procurement, or improve product profitability.
About the Author:
WAYNE W. ECKERSON is director of TDWI Research for The Data Warehousing Institute (TDWI), a worldwide association of business intelligence and data warehousing professionals that provides education, training, research, and certification. Eckerson has 19 years of industry experience and has covered data warehousing and business intelligence since 1995. Eckerson is the author of many in-depth reports, a columnist for several business and technology magazines, and a noted speaker and consultant. His book, "Performance Dashboards: Measuring, Monitoring, and Managing Your Business," was published by John Wiley & Sons in October 2005. He can be reached at weckerson@tdwi.org.
For more information, contact:
TDWI Marketing
1201 Monster Road SW, Suite 250
Renton, WA 98057
Phone: 425.277.9126
Fax: 425.687.2842
E-mail: info@tdwi.org
About TDWI:
The Data Warehousing Institute™ (TDWI), a division of 1105 Media, Inc., is the premier provider of in-depth, high-quality education and research in the business intelligence and data warehousing industry. TDWI is dedicated to educating business and information technology professionals about the strategies, techniques, and tools required to successfully design, build, and maintain business intelligence and data warehousing solutions. It also fosters the advancement of business intelligence and data warehousing research and contributes to knowledge transfer and professional development of its Members. TDWI sponsors and promotes a worldwide Membership program, quarterly educational conferences, regional educational seminars, role-based training, onsite courses, certi?cation, solution provider partnerships, an awards program for best practices, resourceful publications, an in-depth research program, and a comprehensive Web site (www.tdwi.org).
About 1105 Media:
1105 Media, Inc., is a leading provider of integrated information and media in targeted business-to-business markets, including specialized sectors of the information technology community; industrial health, safety, and compliance; security; environmental protection; and home healthcare. 1105's offerings span print and online magazines, journals, and newsletters; seminars, conferences, and trade shows; training courseware; and Web-based services. 1105 Media is based in Chatsworth, CA, with offices throughout the United States.