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Teradata is helping leading CFO organizations thread this needle by starting the journey toward a simplified, more effective finance systems infrastructure. Our holistic approach enhances the CFO's ability to get an integrated, detailed view of performance that meets evolving stakeholder expectations. A next-generation reference architecture—with a data warehouse acting as the platform for integrated information - helps accomplish this by delivering a more complete view across all finance functions while building consensus among them and their supporting IT resources.
A cause of many Finance departments’ struggles for improved reporting and analytics is the diverse nature of the organization itself. Professionals in Controllership, Accounts Receivable, Accounts Payable, Pricing, Treasury and Planning & Analysis all work with the same data but have distinct analytic needs and perspectives. Leveraging a shared information base that allows each sub-function to perform its own analytics and reporting requires a database platform designed to enable efficient data re-use. Teradata’s finance reference architecture empowers organizations to load all financial and related operational data once and deploy it in multiple ways across diverse user groups.
Customer Quotes“Our finance team now spends 80% of their time analyzing data and providing value to the business, and 20% collecting it, instead of the other way around.” Manager, Enterprise Business Intelligence, Freescale Semiconductor (TDWI Transforming Finance Best Practices Report) “Finance no longer needs multiple tools and a magic decoder ring to access information.” Director of Sales Accounting and Reporting, Office Depot (TDWI Transforming Finance Best Practices Report)
CFOs can spearhead a data-driven approach by applying best practices observed within today’s leading finance organizations.
Data-driven insights help chief financial officers identify opportunities, save money and guide the C-suite.
A webinar presented by Alan Frank about why technology gives CFO's the tools to change operational finances.
Grainger: Leveraging Profitability Analytics with Data Driven Finance for Growth
Nordea: Leveraging Data Driven Finance to Enhance Data Quality.
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