Jet Global

NOVEMBER 16, 2020

Rapid advances in technology are helping to transform the way organizations carry out scenario planning, allowing them to adapt a continuous planning mindset to other areas of finance, such as tax. Learn how to enable complex planning and forecasting processes. Understand how to reduce tax errors and improve productivity.

Forecasting 98

Forecasting Snapshot Finance Recreation/Entertainment 98

Jet Global

JULY 30, 2020

Excel has such a long history in business accounting and corporate finance that it has inevitably become the butt of some easy jokes. In many cases, you can improve the value Excel offers your budgeting and forecasting activities just by taking time to learn some of its nuances.

Forecasting 91

Forecasting Finance Cost-Benefit Software 91

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective. Our team does a lot of forecasting. It also owns Google’s internal time series forecasting platform described in an earlier blog post.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Jet Global

DECEMBER 8, 2020

A full Power BI implementation is a large-scale project, and it carries similar risks. If you are considering using Power BI in your organization, here are some key points to keep in mind that impact project risk: 1. Power BI Without the Risk. Power BI Is Highly Complex. That’s a relatively straightforward proposition.

Finance 52

Finance Risk Reporting Software 52

Jedox

MAY 9, 2022

There are glittering promises and lofty expectations of artificial intelligence (AI), yet misconceptions abound regarding its potential impact on the office of finance. Fear of change, specifically technological change, can also inhibit the adoption of artificial intelligence in finance organizations.

Finance 52

Finance Risk Manufacturing Forecasting 52

Jet Global

OCTOBER 8, 2020

Covid-19 has had a hugely disruptive impact on operational finance. The term ‘operational finance’ encapsulates the critical activities associated with order to cash, procure to pay, fixed assets, close, consolidation, and reporting. It also decreases the risk of errors by eliminating disjointed, manual processes.

Finance 98

Finance Reporting Forecasting Uncertainty 98

Jet Global

JULY 5, 2023

The results are in–for the third year in a row, insightsoftware has partnered with Hanover Research to deliver our yearly Finance Team Trends Report. Comparing results across the years shows an incredible journey for finance teams across the globe. Here, we discuss the top trends for finance teams this year.

Finance 52

Finance Uncertainty Reporting Marketing 52

bridgei2i

MAY 17, 2021

5 Ways AI Is Transforming The Finance Industry. AI is becoming a powerful ally of the finance sector, offering the opportunity for better and more customized services, cost reduction, examine cash, credit, and investment changes in real-time, and generating new revenue streams. There are multiple benefits of AI in the finance industry.

Finance 52

Finance Unstructured Data Risk Management Cost-Benefit 52

Alation

OCTOBER 26, 2021

Because of the criticality of the data they deal with, we think that finance teams should lead the enterprise adoption of data and analytics solutions. And while some might see finance as the most conservative department in an enterprise, we believe that they can become innovators, driving how their business consumes and uses data.

Finance 52

Finance Data Transformation Enterprise Metrics 52

Jet Global

MAY 11, 2021

. – May 11, 2021 – In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. Finance Team’s Role & Challenges. Two-Year Priorities.

Finance 98

Finance Technology Forecasting Uncertainty 98

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Waiting too long to start means risking having to play catch-up. AI-enabling on-premises software is preferable where there is some combination of incurring less disruption to operations, faster time to value, lower risk of failure and lower total cost of ownership relative to migrating to the cloud.

Cost-Benefit 130

Cost-Benefit Risk Forecasting Software 130

Jet Global

DECEMBER 21, 2020

In the more modern terminology of business, we could rephrase that to say “be careful about concentration risk.”. When an organization is too reliant on one company or market segment to drive revenue or ensure an adequate product supply, it creates concentration risk. Vendor Concentration Risk. Fourth-Party Concentration Risk.

Risk 98

Risk Sales Reporting Forecasting 98

Jet Global

NOVEMBER 19, 2020

2020 brought with it a series of events that have increased volatility and risk for most businesses. Let’s look at some of the key risk categories that are often encountered by growing businesses. Credit Risk. Finance, on the other hand, focuses on cash and leverage.

Risk 98

Risk Reporting Enterprise Sales 98

Jedox

AUGUST 13, 2020

In our last post, “ Rolling Forecasts: The Pros and Cons ,” we looked at why rolling forecasts are used, when it makes sense to use them, and for whom. In our third and last post in this series, we give five tips for a successful implementation of rolling forecasts in your organization’s FP&A processes. .

Forecasting 52

Forecasting Risk Finance Software 52

CIO Business Intelligence

DECEMBER 11, 2023

Traditionally, the work of the CFO and the finance team was focused on protecting the company’s assets and reputation and guarding against risk. While these roles will not change, the foundational work of the finance organization, the structure, the import, and the focus of these dimensions will change.

Finance 105

Finance Forecasting IoT Predictive Modeling 105

Jedox

SEPTEMBER 11, 2019

Even though we have so much advanced technology surrounding us, we still cannot just ask, “ Hey Siri, what’s my forecasted EBITDA look like ?” However, there are many available technology tools that can simplify planning tasks and make planning and budgeting easier and far more accurate for finance professionals.

Forecasting 59

Forecasting Experimentation Sales Unstructured Data 59

Jet Global

JULY 21, 2022

Data show increased digital efficiency across most finance functions, but expanding responsibilities and diminishing resources create new challenges. July 21, 2022 – insightsoftware , a global provider of reporting, analytics, and performance management solutions, today launched its annual Finance Team Trends Report. RALEIGH, N.C.

Digital Transformation 52

Digital Transformation Finance Reporting Interactive 52

Smart Data Collective

MARCH 2, 2023

Big data helps businesses address cash flow needs A growing number of companies use big data technology to improve their financing. Predictive analytics technology can help companies forecast demand One of the biggest challenges businesses face in any economy is predicting demand for their products or services.

Big Data 85

Big Data Uncertainty Risk Data mining 85

CIO Business Intelligence

SEPTEMBER 5, 2024

Optimizing treasury management In line with the company’s innovative and technological approach, and anticipating the profound transformation of the hotel finance industry, Minor Hotels’ finance and treasury team planned an ambitious change and improvement project about 10 years ago, focused on Kyriba’s SaaS platform.

Finance 105

Finance Forecasting Data mining Technology 105

CIO Business Intelligence

FEBRUARY 10, 2023

With the help of sophisticated predictive analytics tools and models, any organization can now use past and current data to reliably forecast trends and behaviors milliseconds, days, or years into the future. Energy: Forecast long-term price and demand ratios. Financial services: Develop credit risk models.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

Smart Data Collective

JULY 31, 2022

We have talked about a lot of the benefits of using predictive analytics in finance. Traders will have to use it to manage their risks by making more informed decisions. Compared to the Spring Forecast, Russia’s action against Ukraine continues to harm the EU economy, causing weaker growth and greater inflation.

Predictive Analytics 135

Predictive Analytics Analytics Uncertainty Forecasting 135

IBM Big Data Hub

APRIL 19, 2023

Through the formation of this group, the Assessment Services division discovered multiple enterprise resource planning instances and payroll systems, a lack of standard reporting, and siloed budgeting and forecasting processes residing within a labyrinth of spreadsheets. It was chaotic.

Technology 81

Technology Forecasting Data Warehouse Reporting 81

IBM Big Data Hub

MAY 14, 2024

Read the report: CEO’s guide to AI in finance Unlocking the value CFOs are not expected to be technology experts. The recent IBM Institute for Business Value report CEO’s Guide to Generative AI on Finance report found “success depends on how quickly finance can turn data into actionable insights.”

Finance 67

Finance Cost-Benefit Forecasting Reporting 67

CIO Business Intelligence

JUNE 13, 2024

Over the past year, generative AI – artificial intelligence that creates text, audio, and images – has moved from the “interesting concept” stage to the deployment stage for retail, healthcare, finance, and other industries. billion by 2027, according to a forecast by IDC , which translates to an annual growth rate of 86.1%

Forecasting 137

Forecasting Risk Finance Machine Learning 137

CIO Business Intelligence

MARCH 21, 2022

Among the relationships that technology teams have with other business departments, the potential for improved IT-finance collaboration is quite possibly the most under-explored. One of the most common problems finance teams face is the quality and reliability of the data they collect. Inaccurate forecasts. Poor quality data.

Data-driven 116

Data-driven IT Finance Forecasting 116

Jet Global

OCTOBER 21, 2020

Companies use forecasting to make critical investments, plan for covenant compliance, and even decide on future mergers and acquisitions (M&A) strategies. The way we perceive business risk, and how we manage it, is fundamentally different for every finance leader on the planet. Why change the process?

Forecasting 98

Forecasting Finance Business Driver Key Performance Indicator 98

Jedox

APRIL 10, 2019

When embracing better-practice, balancing risk to return can be complex and choosing a path that delivers high business value, with minimum disruption is not always easy. The best finance teams I’ve worked with apply very simple principals, even in complex transformation projects. A third reason is not knowing where to start.

Digital Transformation 43

Digital Transformation Risk Finance Sales 43

Jet Global

FEBRUARY 2, 2021

Forecasting and planning have taken on much greater importance than ever before. The planning and forecasting tools provided with most ERP systems provide limited flexibility, and typically require a considerable amount of manual effort. Over time, the process that has historically been known as budgeting and forecasting has evolved.

Forecasting 96

Forecasting Finance Uncertainty Dashboards 96

IBM Big Data Hub

SEPTEMBER 6, 2023

Obsolete data and financial projections A budget, at its core, is a financial forecast. Unanticipated risks Good budgeting plans for risks. Using an old budget can result in inadequate hedging strategies, poor financial decisions, exposure to unfavorable currency fluctuations or misjudged credit risks.

Forecasting 82

Forecasting Marketing Sales Risk 82

CIO Business Intelligence

OCTOBER 2, 2024

Risk management Imagine if you had to evacuate a six-mile radius due to a toxic substance being released into the air from one of your plants, such as what happened in 2020 at a well-known company’s food plant in Camilla, GA. Identify gaps related to ethics, transparency, risk and compliance.

Gap analysis 119

Gap analysis Risk Manufacturing Data Governance 119

Jet Global

APRIL 27, 2020

In just a few short weeks, many companies’ sales forecasts have been rendered obsolete. Re-Assess Your Risks. Start with key make-or-break assumptions such as sales forecasts, receivables, cash flow, and the reliability of your supply chain. Some of your risks may be less obvious. Forecast Early and Often.

Forecasting 80

Forecasting Finance Metrics Risk 80

CIO Business Intelligence

JULY 19, 2024

Set up the RAID (risk, action, issue, decisions) register – track and escalate as needed. Assign an internal finance resource to co-manage and forecast program finances with vendor resource. Vendors may bring their tools and dashboards, but don’t wait when you can use Excel or Smartsheet in the interim on day one.

Finance 114

Finance Reporting Forecasting Consulting 114

CIO Business Intelligence

JUNE 18, 2024

Some organizations have been using traditional AI with ERP systems for years, for example, for forecasting market trends or optimizing supply chains. Gen AI will free finance and operations employees from cumbersome tasks such as narrative reporting, customer collection emails, and account summarization,” Herbert writes in a blog post.

Enterprise 134

Enterprise Forecasting Unstructured Data Reporting 134

IBM Big Data Hub

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. A retail company experiences a sudden surge in online sales due to a viral social media campaign.

Key Performance Indicator 76

Key Performance Indicator Forecasting Sales Data Integration 76

Smart Data Collective

JULY 28, 2022

The evidence demonstrating the effectiveness of predictive analytics for forecasting prices of these securities has been relatively mixed. Many experts are using predictive analytics technology to forecast the future value of bitcoin. The good news is that predictive analytics technology can reduce risk exposure for these investors.

Predictive Analytics 137

Predictive Analytics Analytics Forecasting Machine Learning 137

Jet Global

OCTOBER 10, 2023

This is especially prevalent among finance departments. The Cause and Effect of Disjointed Reporting Recent research found that more than two-thirds of IT and finance professionals waste an entire day each week on operational reporting. Connected capabilities : Sixty-six percent of finance teams feel too reliant on IT.

Finance 59

Finance Operational Reporting Reporting Forecasting 59

O'Reilly on Data

JANUARY 22, 2019

Finance is not physics. Despite all the complicated mathematics of modern finance, its theories are woefully inadequate, especially when compared to those of physics. Perhaps finance is harder than physics. This observation is particularly applicable to finance. Image by Mike Shwe and Deepak Kanungo. Used with permission.

Modeling 135

Modeling Finance Uncertainty Data mining 135