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.
• 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