Tag: financial analytics
How Financial Departments and Consultants Use Business Intelligence Analytics
How Financial Departments and Consultants Use Business Intelligence Analytics
Financial departments and consultants can use business intelligence systems to collect, refine, and analyze financial and operational data to develop valuable business insights. Given the vast amount of shareable data that businesses interact with on a daily basis, automation augments decision-making and offers a better outlook for business performance. This guide explores how financial departments…
How Automated Data Processing Directly Affects Revenue Forecasting Processes
It’s Friday afternoon and individual sales forecasts are due before the end of the day. As the sales manager, you know you’ll be spending the weekend massaging the data for Monday’s meeting. You’ve been doing revenue forecasting long enough to know how the numbers are going to fall. You’re hoping it will only take a…
Don’t Wait For Your Annual Financials to Track Your Financial KPIs
Maybe you’re working on closing your 2020 financials at this very moment, gathering all relevant information with your accounting team. If so, it’s the perfect time to take a look at a few KPIs that can naturally be drawn from your yearly financial statements. Still, you don’t have to wait for tax time to benefit…
17 Financial KPIs For a SaaS Company
As a company with multiple offices and with customers and shareholders around the world, at ClicData we find that monitoring our business performance online using live financial KPIs on informative dashboards is an absolute must. It is also a clear and attractive way to showcase our product to our key players. Here is a list…
How To Make A Simple Financial Report
Financial reporting does not have to be a painful process! In most companies, even the most basic financial KPIs can be quite difficult not only to create but also to maintain in order to ensure that everyone is working with the most updated numbers. In other cases, these 2 steps actually work well and it’s…
Pricing Analytics – Mercedes C Class Example
Sales analytics are key to understanding the impact of independent variables on consumer demand of a product or service. How does seasonality affect sales? What is the optimal price point for a particular product? How do competitors and broader market trends influence a products potential profit? In this project, we will explore Mercedes C class…
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Anticipate Future Results of a Price Change with BI
With sales revenues being one of the most important KPIs a company tracks, setting the right pricing strategy and hitting monthly goals is critical – see how BI can help.
The Future of Predictive Accounting: There’s More to It Than Just Numbers
Like many other functions, today’s accountants need to wear more than just the ‘number cruncher’ hat.
Become an Infinitely More Valuable CFO with a BI tool
If you’re a CFO and haven’t become best friends with a BI (Business Intelligence) tool yet, my guess is that you soon will. Imagine spending your day analyzing data versus collecting it.
Your Top Six Financial Indicators
Achieving a firm and intricate understanding of your company’s financial picture may be the greatest challenge for any business owner, large or small. It’s estimated that even many Fortune 500 CEOs (as much as 30%) have devoted the first few years of their careers to understanding finance. There’s a tremendous amount of financial data to…