How can Financial Analytics Provide a Springboard to Insight?
FSN’s newly released research, “The Future of Analytics in The Finance Function,” finds that only 14% of analytic effort is insightful.
More than 50% of companies are simply reliant on cyclical reporting from ERP systems, with very few CFOs having the capability to go the extra mile. And while standard reporting can provide a robust foundation for analytics, rapidly changing circumstances such as Covid-19, or an aggressive acquisition strategy, bring home the need for a more agile response.
So, the obvious question is, why are so few companies able to deliver insightful analytics and how can CFOs better prepare to answer any financial question sent their way?
In this 30-minute webinar, Gary Simon, Chief Executive Officer of FSN, and Henry Schumann, Director of Finance at insightsoftware, discuss the crucial information that can be driven from financial and operational data in the quest for better insights and decision-making.
Gary Simon is the Chief Executive Officer of FSN and Leader of the Modern Finance Forum for CFOs. He is a graduate of London University, a Fellow of the Institute of Chartered Accountants in England and Wales, and a Fellow of the British Computer Society. Gary has more than 30 years’ experience of implementing management and financial reporting systems. He is the author of four books and a popular independent speaker on market developments.
Henry Schumann is Director of Finance at insightsoftware. With more than 30 years of experience in the finance sector, Henry has an extensive career spanning multiple industries and using various software packages to maximize financial functions such as forecasting, budgeting, process improvement and documentation, variance analysis, NPV, IRR, ROI, capital planning, credit analysis, transfer pricing, ERP implementation, and financial reporting to executives and boards.