Finance and Accounting (F&A) consistently tops the list of functions that data science and analytics can impact substantially. We believe in the near future, most F&A leaders will have significant insights from vast volumes of data, which will transform F&A operations for many corporations. F&A professionals need to evolve quickly to develop data science, analysis, and visualization competency. This includes re-imagining key processes and developing a well-defined digital roadmap. All of the initiatives are guided by new-age metrics focused on customer experience, leakage reduction, DSO reduction, and so on. Access to customized real-time information will help F&A leaders in decision-making and further strategize their approach.
Organizations big and small need to capitalize on their Finance and Accounts function, to create value and growth by extracting strategic insights from data.
Key take-away:
• Underlying opportunities in Finance and Accounts functions that Data Analytics can unlock in leading organizations
• Tangible and intangible RoI of implementing Data Analytics
• The challenges that F&A leaders face in strategic implementation of Data Analytics and the corresponding mitigation
• Best Practices shared by industry leaders
