The traditional tasks of a CFO have been through a complete revamp in recent years, with an increasing role in the organization’s decision-making process and strategic planning. These changes have arguably increased the responsibilities of the CFO, thus increasing the importance of access to a complete, general overview of the company in order to make the correct decisions and ensuring the company has the financial support to fulfill its strategic vision. None teste.
More than ever, CFOs need fast and reliable financial information in order to invest, reduce costs, manage budgets and risks, and bring value to their organizations. In other words, they need an Analytics and Big Data solution, such as Microsoft Power BI, a tool powerful enough to shine a light on key financial metrics and make better-informed decisions.
These decisions can have an immediate internal impact on performance and profitability, which in turn can give organizations an edge over competitors. Access to clearer data also means that the CFO can now have a saying and even lead the way in optimizing their organization and improving business operations.
Here are the top 10 ways an Analytics and Big Data solution redefines the role of the CFO:
All in all, an Analytics and Big Data solution can completely change the role of the CFO by helping them identify risks, detect opportunities and create strategic advantages.
To see the impact of these changes in real-world scenarios, please read about the way Power BI, our solution of choice, revolutionized the way companies like SPAR, Olicargo, Medvida and Contidis work.
If you want to know what an Analytics and Big Data solution can do for your organization, contact us and schedule an appointment.