The use of data sets high standards for the finance department
Data is increasingly being considered as the key ingredient used in planning, management, overview, and decision support – not just in finance, but across all the company’s departments. It also places greater demands on the finance department’s use and understanding of data – for the finance department to be efficient, agile, and able to support the rest of the business with analysis, insight, and good financial management.
In the following, we will provide inspiration for the understanding of the various stages that companies – and in particular economics – typically go through to achieve an understanding of where the individual company is. Thereafter, it is described how the company can map the areas that can be improved – within the area of technology, competencies and/or processes.