RESEARCH & RESOURCES

BI for Finance: Transforming the Finance Department from Record Keepers to Strategic Advisors

Webinar Abstract
Many CFOs recognize the need to transform the finance department from a group of back-office accountants who focus on cost control to trusted advisors who deliver insights about how to help the organization achieve strategic objectives and goals. Finance is in a unique position to drive strategy because it gathers data from all departments and lines of business. Finance is the mind of the business, but until recently it has focused on tactical concerns related to financial reporting, budgeting, compliance, and cash and capital management. This Webinar will show how finance can employ BI to correlate financial outcomes with business activities and lead the organization in its quest to achieve strategic objectives.

You will learn:

  • How finance can use BI to focus more on analysis and less on collecting and massaging data.
  • How finance can use BI to streamline financial reporting and planning tasks
  • How finance can use BI to deliver a more balanced view of the business that correlates financial outcomes with business activities
  • How performance management can help an organization better communicate and execute strategy and respond quickly to changing market conditions

Wayne Eckerson

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