As the strategic role of finance teams continues to evolve, the Office of the CFO faces many new responsibilities. Resource allocation, however, does not always grow in tandem with those responsibilities, leading to scalability challenges for finance teams tasked with doing more with fewer resources.

ESG reporting is rapidly becoming a key focus area for finance teams around the world. ESG stands for “environmental, social, and governance.” It’s a set of standards through which companies can report metrics that indicate how well their activities align with issues of environmental stewardship and social issues. In late 2021, the International Accounting Standards Board (IASB) announced the creation of a new ESG reporting standard.

Finance leaders are facing the most turbulent trading conditions for more than a generation. The odds of recession are rising, US inflation has hit a 40-year peak, the “Great Resignation” has denied organisations the people they urgently need to go to market, stock markets have slumped, exchange rates are beyond volatile and, although abating, there is still the threat of a fresh round of Covid. Forecasting business performance has never been so challenging.

As Business Intelligence (BI) tools, data warehousing solutions, and enterprise data and application landscapes have advanced, it’s worth taking the time to rethink that old model, starting with the dichotomy between operational reporting (OR) and strategic analytics. There is a clear difference between operational reporting and BI, but they can and should work together. Companies use one or the other, and if they have both, there is a gap between them.

Angles for Oracle simplifies the process of accessing data from Oracle ERPs for reporting and analytical insights; offering seamless integration with cloud data warehouse targets.

We all want better business cash flow and we want it yesterday. You can’t plan for emergencies, geopolitics, or sudden problems that you have no control over. But you can mitigate risks of business cash flow problems by having the right tools at your side. Business cash flow planning can get you out of a jam and save your company. Take a look at our ultimate guide to business cash flow planning highlighting.

Operational reporting is an effective, results-driven means of tracking, measuring, and analyzing your business’s regular deliverables and metrics. These dynamic reports offer invaluable insights into various logistical aspects relating to your organization’s activities across the board. They’ll help you make swift, informed decisions, save time and money, spot emerging trends and formulate initiatives that will improve the day-to-day operations of your business.