
1 minute read
Financial Data Analysis Made Simpler
One of the biggest payoffs a cloud ERP solution such as Microsoft Dynamics 365 Finance delivers is its ability to provide greater insights, more efficiently.
CFOs face challenges today making sense of their data due to the rapid rate at which data accumulates in this technology-first world. It’s been estimated that the data businesses have access to doubles every 12 months, however IBM has predicted that data could double in as little as 12 hours in the future. Where to house the data and what to do with it are very real challenges. This explains why nearly half of CFOs (48%) plan to invest in consumer-like interfaces for finance tasks in the coming years, according to a Workday study.
Advertisement
Implementing Microsoft Dynamics 365 Finance is the first step in achieving financial clarity. Think of financial dashboards as a kind of nerve center for your organization — the place where you can easily track the KPIs and metrics that matter most, including:
• Costs
• Sales goals
• Profit and loss
• Operational expenses
• Cash flow
• Budget variance
Reviewing and analyzing data can be endlessly time-consuming, and any tool that helps expedite the process so you can find the most important insights quickly is a major boon.