The Chief Financial Officer (CFO) has an increasingly important role within any company
"In the past, the finance department had been in charge of keeping the books, managing the budget and looking after cash and capital.
Still today, when it comes to working with data beyond accounting postings, many CFOs and their teams mostly use Excel to collect data manually and store it rather than studying and understanding it. The result is disconnected and inconsistent data silos.
However, as our global economy becomes increasingly competitive, it becomes even more essential for every member of an organization to add direct value. The potential is there for CFOs to do so much more..."
Gone are the days when data was all spread in excel files and traditional databases within the organization's context
"With the rise of the online age, we have data in social media and cloud-based services that themselves generate tons of data. It is difficult to get an overall view of how the business is performing without having to look for reports in different places. Business Intelligence is all about harnessing the data that a business generates in all its activities and then analyze and visualize this data in order to clearly understand it and gain valuable insights to interpret the performance of the business..."