Predictive analytics enrich finance processes by offering insights into business problems and areas of potentialPredictive analytics tools are making CFOs the go-to guys even more than before. Picture: 123RF/RAWPIXEL
SA is arguably better prepared than many countries: according to new research by Sage, 64% of SA finance leaders already spend more time analysing data than they do on actual old-style number crunching. This compares, for instance, with only 50% of financial managers in the UK., where 311 senior in-house financial decisionmakers from SA were surveyed, revealed the extent to which predictive analytics-based technologies are changing how finance leaders operate at board level.
If the answer to either is no, the finance leader should consider replacing inflexible legacy platforms and manual processes with scalable, cloud-based solutions that offer real-time visibility into the organisation’s processes and supply chain. Until the right foundation is in place, the organisation will find itself cobbling together spreadsheet reports that are based on yesterday’s information.
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