April 13, 2023
Financial services companies generate massive amounts of data every day. However, extracting valuable insights is challenging with data scattered across heterogeneous systems and strict compliance requirements. Business intelligence solutions for the financial sector can solve the issue effectively.
Finance business intelligence has a variety of applications, from looking backward to assess financial performance in the past to forward-looking financial management scenario planning and forecasting. Here, we have outlined some of the possible use cases of business intelligence for finance.
Have a look at a sample financial statement report prepared by Itransition’s BI department that is based on Power BI and aimed at CFOs, financial departments, and C-level executives. It can be used to analyze the financial performance of a company as a whole or a get a more detailed view for the needs of specific departments.
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