Every business sits on mountains of data, and using that data to drive strategic insights will help businesses achieve their transformational goals. As finance roles cover greater technology responsibilities, modern finance departments must prioritise a data strategy in order to reach actionable insights by understanding the technological risks and needs for data management to achieve success.
Chartered Accountants Australia and New Zealand’s newly released Analytics in finance and accountancy paper shares findings after interviewing over 30 global executives and surveying more than 1,110 decision makers. They found that finance teams are predominantly engaged in backward looking diagnostic and descriptive analytics, and recognise they are missing out on helping to drive data driven decisions by adopting more forward looking predictive and prescriptive analytics.
The vital moment for the finance function to shift is now, and the change must happen quickly or businesses risk falling behind competitors and achieving full potential.
At the end is a panel discussion where our guest speakers will share insights on the following:
- How data is transforming accounting and finance
- Key concepts around the relevance of data in accounting
- Opportunities for the finance function when data becomes part of the day to day
- How to break the love-hate relationship with manual processes and getting started with data & analytics
This event is for anyone within Accounting and Finance who wants to leverage the power of Data in their practice.
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