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Help in Finance Analytics

The document discusses how finance analytics investments are failing to improve decision making despite high costs, and recommends that business managers and finance staff collaboratively design finance analytics to develop a shared view of business objectives and drivers.

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Bidyut Bhusan Panda
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65 views3 pages

Help in Finance Analytics

The document discusses how finance analytics investments are failing to improve decision making despite high costs, and recommends that business managers and finance staff collaboratively design finance analytics to develop a shared view of business objectives and drivers.

Uploaded by

Bidyut Bhusan Panda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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09/03/2021 Finance Analytics

Finance Analytics
Work Email

“
We haven’t yet seen better quality decisions getting made despite investing in data
scientists and expensive systems with advanced analytic capabilities.

”
CFO, Fortune 500 Company

Finance analytics: Big investment, very low return

Finance analytics reporting and support account for almost one-third of finance
function spend. But these investments are failing us: Finance data is not suited to
modern decision making, and managers lack the knowledge to use it correctly.

Misuse of finance analytics can cost organizations as much as 1% of revenue per


decision, adding up to dramatic business impact over time. 

Recapture the value of finance analytics

Enforcing standards through tighter policies and controls will not improve finance
analytics usage or usefulness. Instead, as a part of finance transformation efforts,
business managers and finance staff should collaboratively define, develop and
apply finance analytics. Decision teams with clear data governance roles and
responsibilities can brainstorm problem economics, co-create more intuitive
reporting formats and push one another’s thinking. 

Insights you can use

Leading organizations embrace a business-centric approach to finance analytics.


To enable growth, generate finance analytics that significantly improve decision
making.

Create a shared view of business objectives and drivers

Despite the significant investment in analytics, few finance organizations have


attained a high enough level of maturity to implement advanced analytics.

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09/03/2021 Finance Analytics

Business managers and finance staff should co-design finance analytics


frameworks for a shared view of performance.

Learn More

Make it easier to act on finance analytics reports

Shift finance analytics from passive, standardized reporting to more engaging,


relevant guidance that encourages dialogue and discussion by:

Basing finance analytics on scenario analysis


Building more commentary and opinion into finance analytics reports
Making finance analytics reports more accessible

Learn More

Use finance analytics to motivate better decision


making

Progressive organizations are reorienting roles for joint finance analytics decision
making. To start, focus on business decisions first and finance analytics last. Then
improve finance analytics problem-solving processes by anticipating and planning
for failure early.

Learn More
Questions about becoming a Gartner client?

Let’s Connect

Gartner CFO & Finance Executive


Conference
Connect with our experienced practitioners and unbiased Gartner experts to
discover innovative approaches to smarter business decisions and more.

View Conference

Case Study

How Gartner helps clients with finance analytics

Listen to the CFO at March of Dimes discuss how Gartner helped with finance
analytics, specifically defining metrics and creating value.

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09/03/2021 Finance Analytics

Gartner finance analytics experts

Gartner’s finance experts include more than 35 associates worldwide. Meet a few
of our leaders.

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