Finance team spends inordinate amount of time (typically 45+%) gathering and organizing data instead of generating insights that drive business decisions. Key challenges include:
X-functional coordination, analytics, revenue, spend and audit / compliance / tax
Limited resources with significant volatility in activity volume around month / quarter close
High-touch manual processes with high cost of error and rework
Data silos and limited immediate visibility – increases coordination cost with cross-functional teams
- Application deployed within the enterprise firewall
- Data does not leave the enterprise
- Data is not used to train general model development and used only to support target applications that benefits your company