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Analysing the necessary data is a massive undertaking, and one that can draw finance professionals away from other tasks. And it’s possible to become lost in the minutiae of the many different metrics available to measure an organisation’s AR capabilities.
Most commonly, we think of data as numbers that show information such as sales figures, marketing data, payroll totals, financial statistics, and other data that can be counted and measured objectively. This is quantitative data. It’s “hard,” structured data that answers questions such as “how many?”
Overnight, the impact of uncertainty, dynamics and complexity on markets could no longer be ignored. Local events in an increasingly interconnected economy and uncertainties such as the climate crisis will continue to create high volatility and even chaos. The COVID-19 pandemic caught most companies unprepared. BARC Recommendations.
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