The amount of data that finance departments are collecting from a litany of sources across the function continues to grow. And in line with this, the difficulty finance leaders have in deriving value from their data is similarly increasing. You can’t have intelligence without data, and if you can’t handle your data, it will smother your business while your competitors go on to thrive. Good data management enables hyperconnectivity across the business.
Departments need to challenge themselves to do things differently and upset the norm – that way the whole company can truly compete, in a market where everyone is trying to be the next big disrupter in their industry. The key to this will be to embrace transformational technology and the benefits it offers. The first step of getting a grip on your data might seem insurmountable, but the resulting journey is worth it.