Can Business Intelligence Really Make a Difference in Finance Departments?
With all our advances in technology and self-service software, many finance departments are still not embracing automation or AI. In fact, a report from the Association of International Certified Professional Accountants and Oracle found that 89% of finance teams are not embracing these technologies. Management of financial data is a cornerstone of running a business. So when it comes to data input, reporting and critical decision making, why are some still relying on error-prone and laborious methods? There are many reasons, of course. For many, it comes down to either the discomfort of change and system integration, or security concerns. Most simply lack the digital skillsets needed. Despite these perceived hurdles, solutions like business intelligence (BI), offer finance teams a central hub for data collection,…