I recently sat down with CFODive to discuss the importance of modern financial analytics in transforming the way financial leaders and their organizations operate – a topic that is only becoming increasingly prominent. Business strategies have had to rapidly adjust to address market volatility, consumer trends, and unpredictable world events. These dynamics have forced finance teams to rethink how they are using data and analytics and take a more modern approach.
Finance has been at the forefront of enterprise analytics for decades. Over the years, these analytics have evolved from reactive, descriptive analytics related to financial performance, treasury holdings, and inventory management to predictive and prescriptive analytics for risk, credit, and financial business modeling.