The growth of data sources, uses, and consumers has driven up the demand for financial and business analytics. This evolution has advanced the development of analytic capabilities in both finance and non-finance functions across the organization to inform management decision making. In fact, spend on analysis has increased more quickly than any other finance spend.
However, despite continued investment in analytic capacity and business partnership, financial analysis does not consistently influence the outcomes of business decisions.
The best finance teams accelerate their journey from "reporting" to "analysis" by clearly establishing a leadership role for finance in enterprise analytics and by developing and delivering analysis that is more intuitive for decision makers.