Data discovery, also known as data analysis for business users, is one of the top business intelligence trends for 2022. Let’s take a look at how industries like yours are making use of data analytics tools to find patterns and derive insights from data. You just might be surprised at the innovation spanning each sector.

Tax teams are taking on an increasingly strategic role within today’s businesses. However, given the rapid pace of change, many executives are still unaware of the untapped strategic potential within these teams. Watch Now: Tax reporting in a changing world Some organizational leaders may still view the tax department as a group of technicians – specialists responsible for tracking changes in the law, calculating tax liability, and filing the necessary paperwork.

The digitalization of tax and operational transfer pricing processes can have a huge impact on a multinational company’s ability to efficiently forecast and report its tax liability.

Fast and clean. These two words define the ideal financial close process. This standard is held up as a measure of a finance or accounting department’s effectiveness. Companies are expected to get the financial close process done within a standard business week. This demonstrates competence, resource efficiency, and good management. An efficient financial consolidation and close process does two vital things.

COVID-19 introduced an unprecedented level of volatility in world markets, and the shockwaves that arrived in its wake exposed a wide chasm between two main types of multinational organizations: Those with agile internal processes and those without. In a world built on complex and globalized supply chains, COVID-19 tested that internal agility, sometimes to breaking point.

Cloud migration is a daunting prospect, especially considering the expense of installation, training and embedded new processes. But the benefits of enhanced functionality, the power of the cloud, and increased ROI are reason enough for organizations across the world to convert every day. Cloud enterprise resource planning (ERP) software is ideal for a variety of applications, including managing multiple departments and CRM integration.

SAP’s library of pre-defined reports for Finance and Controlling (FICO) is great for addressing some of the core tasks associated with finance and accounting. Those reports align well with accounting standards under GAAP and IFRS. Unfortunately, they rarely do a good job of addressing the kind of reporting needed to make informed managerial decisions.

Odds are good that your team already knows that Wands for Oracle puts finance teams in control of their own reporting. Offering purpose-built software that deeply integrates with Oracle E-Business Suite in Excel, Wands gives you quick access to the real-time data you need, when you need it, without relying on IT or resorting to manual data dumps.