Business Intelligence and the Accountant. Whats up.
Business Intelligence and Finance Department get it on.
Business Intelligence embraces the Digital Financial Controller & Financial Planning. Business Intelligence is expanding fast into Finance division from its normal home in Information department. Supporting the Business Analysts, Decision support and the real Business Users (consumers).
Data Visualisation and finance information are match made for each other. Financial information is a mix of time series data, territories, income, sales, expenditure. The datua quality is always good. Ideal for charting, data visualisation.
Watch financial data visualisation in action.
We have noticed more and more enquiries from the Financial types, that visitors at BI events are still mostly enthusiastic IT people but increasingly we see Finance and Customer Service people. If a CIO can persuade a business to invest in BI, the potential benefits cannot be delivered without engaging the business to implement and use it.
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BI releases many management accountants from the budgeting and reporting cycle to take on the business partnering role. Accountants in these roles means more effective meansof supporting decision making. Others have become experts in the areas of accounting/information systems or data quality to ensure these systems produce better management information more efficiently. Management accountants should be engaged in BI because they have important roles to play in helping to realise its potential:
- Supporting the business case for investing in BI
- Implementation of BI projects
- Ensuring data quality
- Performance management
- Analytics & data visualisaiton.
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