The Value of Business Intelligence in Financial Performance Management.
There are clear advantages to applying business intelligence technologies to enhance performance management versus continuing with a spreadsheet-based approach. Gaining the ability to access accurate data in a timely manner for reporting and analysis is key to streamlining budgeting, planning and forecasting processes.
Read about three real world scenarios of Oil and Gas Companies that have applied Business Intelligence to Financial Planning: Budgeting and Long Range Forecasting; Approving Capital Expenditure and Long Term Planning.
- Disparate Data Spread Across the Organization
- Lengthy Reporting Times
- Stale Forecasts
- Lack of Agility
Benefits of Business Intelligence
- Access to the Data You Need, When You Need It
- Faster Reporting and Analytics
- Deeper Insights into Business Performance
- Greater Profitability