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Financial analytics has become a critical factor for success in modern business. Most companies are starting to invest in big data analytical tools to deliver cost savings and increase revenue and productivity. According to reports, the data analytics market is expected to expand considerably, exceeding $221 billion in 2027. The rise of technology plays a […]
Adapting and transforming business activities during challenging times is vital. According to EY, progression and future success are more likely if CFOs can focus on six complex human-based factors. CFOs recognise from experience that successful transformation is challenging and requires their input. A recent study between EY and the University of Oxford Said Business School […]
Data has become the new currency in today’s financial landscape, and the fintech industry is leading the way by leveraging technology to tackle challenges and deliver better financial solutions. Financial businesses are competing to transform their activities, and with the existing economic conditions, customers are demanding far more services and solutions, with increasing availability of […]
Operational efficiency is a priority for corporate leaders, with AI gaining accelerated traction across industries. While AI has shown multiple benefits and shown significant results, those in regulated industries like finance, are raising specific questions concerning security, data validity and general ethics surrounding AI, especially regarding data privacy. Whether a finance-focused business is applying AI […]
Digital technology has transformed the finance industry by enhancing the customer experience, improving operational efficiency and reducing overall costs. AI, big data analytics and automation are top trends reshaping the finance industry. There are challenges, however, including regulatory compliance, outdated tech systems, security, the demand for talent and the potential risk of losing connection with […]
Finance leaders envision a future for the industry that is digital, scalable and data-focused. CFOs must reshape the digital aspect to be capable of attracting and retaining the next wave of talent in finance. Planning for AI CFOs have bold plans to enable the future vision of autonomous finance, An AI-driven finance service that delivers […]
Applying data skills and governance for leaders and employees is critical for CFOs to make progress with digital transformation plans. With the rising speculation around AI and other technologies, digital transformation remains a priority for CFOs. To make real progress on their digital plans they must position data governance and skills at the top. Industry […]
According to a new report by the independent group Coalition for a Digital Economy (Coadec), the UK open banking industry has reached a crossroads and suppliers require more certainty about its future path. Nearly 5,000 people are working in the UK open banking and the industry raised over £880 million last year, so a lack […]
The CFA Institute, a global association of investment professionals, has introduced a guide for AI and Big Data services in investments, published by the CFA Institute Research Foundation. The guide details how asset managers use AI and big data technologies to streamline the investment process and enhance investments and business performance. With contributions from data […]
The latest Women in Finance report highlights how the finance industry is making positive changes toward increasing female representation in senior leadership roles in finance. The report suggests that the average representation of women in senior roles increased to 35% in 20222 and that nearly three-quarters of signatories increased the number of women in senior […]
Many businesses today struggle to maintain pace with the demand for harnessing data for decision-making. A mix of legacy systems, lack of digital skills, underinvestment and mounting unstructured data are some of the main reasons which have left many organisations feeling quite limited in their ability to use data effectively. Data challenges impact various teams, […]
With the next industrial revolution progressing, a considerable amount of new data is being created, stored and analysed daily. This information massively impacts our economy, workforce, culture and society. Our experiences, whether it be individually or collectively, are significantly influenced by data. We collectively create data, but as it stands, women account for only 26% […]
Shifting finance to the cloud can create a range of benefits for businesses, but there are also potential challenges to overcome. CFOs interested in moving the finance aspect to the cloud should consider the benefits the move can bring, as well as the potential challenges. Cloud migration of software can reduce maintenance costs and enable […]
UK financial services businesses are believed to need more data skills to succeed in a progressive digital landscape. The lack of data-specific skills for business strategies is hindering UK finance companies’ plans to meet customer demands for more personalised services. Recent studies by data and analytics business Cynozure suggest there is an overall lack of […]
As this year starts to accelerate, finance leaders are reconsidering their growing list of priorities, which likely focuses heavily on increasing efficiency and data protection. According to a recent survey of UK finance leaders, the key priorities for finance teams over the coming year include cybersecurity (44%), Cloud and SaaS technologies (42%) and big data […]
As operating processes become more challenging, CFOs are exploring beyond traditional metrics to determine and highlight the key strengths of their businesses to current and potential investors. Finance leaders are facing a range of new challenges this year. Inflation is rising rapidly, interest rates have increased faster than anticipated, and several major economies face a […]
Data privacy, AI and crypto are becoming critical parts of regulation this year. As technology progresses, the demand for regulation increases at a similar pace. Governments have tried to maintain pace with the rise of new tech and other platforms, attempting to protect customers, drive competition and deliver safe areas for consumers. In the last […]
With organisations across virtually every industry utilising some form of digital technology, digital transformation is no longer a foreign concept. Yet, despite its widespread implementation, it’s a phrase that still causes anxiety among 80% of the workforce. As the COVID-19 pandemic encouraged the acceleration of new technologies amongst 47% of business leaders, with 29% developing […]
This year’s outlook has radically changed from predictions a year or so ago. At the end of 2021, executives were focused on the recovery phase from the pandemic and overall confidence in the economy was quite positive. While predictions with rising interest rates, accelerated technology integration and struggling labour markets did occur, the economic outlook […]
As we begin a new year, one of the most highly regarded talent pools will be data scientists, as their particular skill sets will become even more valuable for businesses. During 2022, hiring in the tech industry exceeded many other sectors impacted by the transformation preceding the pandemic, the great resignation and a range of […]
In these new times, leveraging data to create significant value is no longer just a dream but a possibility that is well in reach for those capable of harnessing data purposefully. There are opportunities for global leaders across various industries to transform their approach towards data and convert it into a competitive advantage over other […]
Industry leaders are exploring how analytics is impacting the finance industry, creating opportunities and new challenges. In a recent discussion referred to as the analytics of finance, representatives stated the risk of potential new frauds and that if regulators fail to embrace analytics in the future, fraud cases will get bigger, persist for longer and […]
Predictive analytics is becoming a critical tool for businesses looking to determine the results of key decisions before committing to them. The benefits are evident but implementing the tech can be a challenge. With rising inflation impacting costs and fears of recession affecting demand for services, companies across the country are decreasing their spending and […]
When discussing the value of cloud outsourcing with financing, IT leaders should highlight the benefits such as speed, reliability and security. The division between IT and finance can be challenging in budget planning. While opinions differ within IT budget planning, they can escalate further when discussing the potential of outsourcing cloud hosting. In practice, many […]
With rising demand for managing the impacts of climate change, finance-related businesses are experiencing new challenges. Deloitte is partnering with Persefoni to launch a new integrated service that measures climate exposure, meets new regulations and delivers more informed data-focused decisions. Persefoni, a climate management and accounting platform (CMAP) provide businesses, financial companies and government agencies […]
Pressure from regulators to eliminate money laundering and sanctions on Russia is accelerating plans for AI. Falling economic growth and rising interest rates are impacting business models and forcing some to rethink their hiring plans. Despite a surge in development, fintech isn’t immune from these impacts, but those specialising in AI monitoring for compliance on […]
The global impact on food security is one of the major priorities at the COP27 climate summit. Recently the Commonwealth Secretary-General called on other leaders to collaborate and learn from each other to transform their future strategies. Patricia Scotland, the Commonwealth Secretary-General, emphasised that for countries to deliver a more productive and sustainable agricultural industry […]
A recent study by Harvard Business Review suggests companies expect finance teams to be more strategic, collaborative and automated. Increasingly, businesses are requested to provide financial details quickly and support leaders in achieving their goals. Finance professionals are, however, facing the pressures of daily administrative duties, which means fulfilling this strategic role is more challenging […]
The responsibilities of the CFO in supporting business development have changed considerably in recent years. A report by McKinsey this year indicated that the role of a CFO is expanding rapidly. The responsibilities of a CFO have transformed to include critical business processes. In recent years, the position has shifted toward embracing broader responsibilities such […]
Representing data using graphics like charts, animation and infographics are regarded as data visualisation. Visual displays and representing information in this manner help communicate complex data relationships and data-driven insights in a form that makes it simple to understand and determine a structured plan. The primary objective of data visualisation is to assist in recognising […]
At the recent Sibos annual conference, digital innovation was pinpointed as very significant for financial inclusion. Sibos is an annual networking event delivered by Swift for the financial industry. Beginning as a seminar in 1978, the event has developed into a leading forum for the global financial community to explore and collaborate in areas of […]
With the significant advancement of technology, our lives have experienced considerable changes. By leveraging innovative technologies such as AI, ML and Big Data, we are transitioning into a new stage of innovation where industries worldwide are automating manual processes. This has made our lives similar and seamless, and the finance industry has also embraced this […]
Automation can support business and the success of the finance function. In terms of the responsibility of CFOs, there is further recognition of the need to integrate digital measures within finance. Many finance leaders, however, focus on strategic challenges while remaining predominantly reliant on traditional systems incapable of delivering the desired results. Any progress and […]
A new survey of finance professionals found many are unprepared to meet the demands for more insights and information, despite ongoing significant transformation efforts already in place. The national survey from Deloitte’s Centre for Controllership and IMA (The Institute of Management Accountants) discovered that 76% of finance professionals confirm their controllership functions have started their […]
Data-driven finance has become a key priority for finance and accounting teams worldwide. However, a new study suggests that only 23% feel they have the data and analytics potential required to generate real-time insights and deliver the strategies needed for their business. The report, Behind Every Successful Enterprise, There is Data-Driven Finance explores over 200 […]
A few months ago, one of the most established banking businesses n the world – Lloyds Bank, confirmed it was joining the likes of Google and Uber by delivering a new role – Group Head of Data Ethics. The new position is mainly responsible for the moral and legal obligations for collecting, measuring and protecting […]
Recently the Financial Conduct Authority (FCA) explored the use of synthetic data in financial services. The plan, launched in March, focused on incumbents and startup companies and explored industry views on the potential for synthetic data to boost innovation in finance and the possible risks and limitations. Synthetic data refers to artificial data created via […]
Deloitte released new data that suggested over 82% of hiring managers for financial-based positions at public companies believe talent retention is a significant challenge, compared to 68% of hiring managers at private companies. The response from hiring managers at public companies also emphasised the efforts needed to attract and retain employees, while the findings were […]
A report published by UK Finance has highlighted how cybercriminals have shifted their focus toward consumers and their personal and financial data. Losses to authorised push payment fraud, where a person makes a transfer to an insecure account, exceeded card fraud for the first time last year. UK Finance recorded a 71% increase in this […]
Big data is critical to the ongoing progression of financial services, but many businesses in the industry are failing to utilise its full potential of this industry. Many financial businesses have harnessed significant volumes of new data as a result of adopting digital technology, but most have barely begun to gain the full value from […]
Digital transformation is empowering the finance industry to enhance business agility and prepare for future developments. In the recent Finance 2025: Digital Transformation in Finance report, Deloitte explained that automation, cloud-based and cognitive innovation are enabling finance businesses to transform and simplify activities. Automation will allow finance-related businesses to improve their costs by restructuring their […]
Terrance Wampler, the general manager of WorkDay, describes some of the biggest challenges in finance and how businesses can create added value. Data represents the core of modern businesses. The main goal for most is creating a reliable data source and utilising this information to improve performance. Achieving this is challenging, especially with the volume […]
Payments provide a perfect entry point for software platforms into financial services. A relationship with payments creates data, trust and in most cases, further banking requirements. This provides the opportunity for software platforms to create a range of embedded finance options to increase their revenue, and improve the user experience and customer retention. Any software […]
Climate change can transform our global economy, but the finance industry continues to fall behind in terms of implementing the necessary measures to tackle climate change. Representatives at the conference on climate finance in New York stated that to enhance the rate of progress, the industry must take advantage of new technology, particularly artificial intelligence […]
Over the past decade, two significant shifts have occurred in businesses developing and launching digital technologies. The first change relates to the consumerisation of IT. In previous studies, Gartner stated that consumerisation represented one of the major trends likely to impact the IT industry in the coming years. After the demise of the dot.com era, […]
Instead of highlighting the competitive landscape between emerging fintech and traditional banks, there is the potential to collaborate and generate more value. The fintech industry is accelerating innovation in finance industry, but many startups’ progress is hindered by strict regulations, data privacy and security concerns. Many traditional banking institutions are beginning to partner with fintech […]
Education and Business schools are trying to tackle the rising demands from new finance and other technology-focused market influencers. Innovation in the tech industry has been disrupting finance for many years resulting in many of the new fintech companies becoming mainstream. Fintech venture funding has accelerated significantly in the last year and caused a spike […]
Some industry experts consider data as the new oil. Just as it does for the finance industry, the rapid digitalisation of the economy comes with opportunities and challenges for financial regulators. On the positive side, new information is available, with vital insights into financial risks that regulators spend considerable time trying to understand. The abundance […]
It’s clear that data and analytics are transforming industry competition, and while some businesses are accelerating at pace, many are yet to implement the necessary changes. In the latest McKinsey Global Survey, respondents believe that the changes data and analytics have created over the last few years have continued to grow. However, they also suggest […]
As CFOs explore ways to tackle the impact of inflation on margins, self-service analytics will be essential in driving employee productivity, according to a Gartner report. In December 2021, Gartner surveyed 400 finance leaders and discovered that over 50% saw self-service data and analytics as an essential driver of employee productivity. At least one in […]
The simplicity of integrating and the option to pay as you go are just two factors that have encouraged the accelerated adoption of SaaS products. While there are concerns regarding security, data privacy and limitations to customising software, the underlying benefits of scaling and cost have led to large-scale adoption. The software products marketplace typically […]
A hybrid multi-cloud approach is emerging as the preferred IT platform for implementing a business-focused strategy. The priority of delivering a successful hybrid IT strategy is ensuring that it aligns with your business needs. This plan involves determining the most suitable on-premise systems and combining these with the most effective software-as-a-service (SaaS) applications available that […]
Innovative technologies have made financial processes more efficient, reduced the number of errors and transformed how customers view and interact with their money. In terms of product development, measuring customer habits can generate better decisions, and businesses can create structured plans based on real-time API metrics and data to respond effectively to any changes in […]
The job of a senior finance leader has never been more demanding than it is now. Today, people are consistently searching online for new products and solutions, watching new media, making purchases and sharing content and experiences on social platforms. This significant transition towards digital behaviour means the customer experience has become a top priority […]
Embedded finance is rapidly expanding, particularly in recent years. Google reports that searches for embedded finance have spiked in the last two years, partly due to funding for startups introducing new embedded finance solutions and big banks wanting to explore this new market. Interest in embedded finance is increasing for various reasons. Juniper Research predicts […]
New data initiatives intend to deliver transparency in climate reporting. Recently, the US Securities and Exchange Commission announced a draft measure requiring US-listed businesses to disclose climate-related risks and their greenhouse gas emissions. The ruling was announced in response to investors requesting further guidance on how to report on climate-related impacts. Some have criticised the […]
Skills shortages mean that it will become challenging to fill future emerging opportunities in the data industry. Business data continues to rise in scale and spread across more platforms, but data literacy skills struggle to maintain pace. Most companies have the equivalent of an average of six platforms of data. While leaders are reasonably assured […]
The lack of quality data and automated processes can hinder the rate of transformation at many businesses. Studies suggest that the potential for improved IT-finance collaboration is very under-explored. It’s important considering how much financial data supports the development of a positive strategy. Jason Child, the CFO of Saas business Splunk, describes his time at […]
Imperial College London has announced the UK’s first degree to enable students to study a combination of economics, finance and data science. The new undergraduate BSc in Economics, Finance and Data Science plans to launch in October 2023. The first of its kind degree offers an innovative approach towards leadership and prepares the new wave […]
Industry leaders are starting to understand the role that ESG has on how businesses operate; they are looking for solutions that help them manage their ESG analytics. Environmental factors have a significant influence on our quality of life as well as considerable financial implications. The cost of climate-associated disasters exceeded $650 billion between 2016 and […]
As the finance industry significantly transforms through the rise of digital and technologies like blockchain become more established, the shift of data will inevitably present opportunities to cybercriminals. Studies suggest that banking and financial organisations are nearly 300 times more at risk of cyber-attacks compared to other businesses. With the UK financial regulator raising concerns […]
Finance leaders have had to make critical business decisions faster than ever before, causing an accelerated focus on the importance of big data and predictive analytics. Implementing strategic decisions has become essential for finance leaders while businesses transform their finance systems and adapt plans to continue growing. With this rising pressure, predictive analytics has become […]
How storytelling can create deeper connections and allow your audience to relate to critical financial data In the world today, finance professionals have greater access to a range of data and information. More information, however, may not necessarily translate into meaningful and decisive action. What is vital for people in finance is deciphering how these […]
As AI continues to present new opportunities, the finance industry is putting its potential to good use. Predicting future trends, however, comes with its challenges. There are clear benefits of using AI in finance, but there are risks associated with implementing new technology. AI improves financial inclusion by ensuring banks can determine credit scores, which […]
It’s fairly clear to most now that the continued advancements in analytics will have a profound impact on the business world. The Big Data Analytics market is anticipated to exceed $225 billion in the next few years, and according to LinkedIn is a major driver of new job opportunities worldwide. Advanced analytics, machine learning and […]
A recent survey by financial and HR software provider, Workday, suggests that CFOs are actively looking for financial professionals with specific skills in AI and ML platforms. CFOs are eager to invest in new tech to attract and retain the best finance talent with artificial intelligence and machine-learning skills. Workday released its Global CFO Indicator […]
The rise of open banking is transforming how people use and interact with their finances. Open banking enables financial providers to offer more flexible and varied services for their customers. Open banking allows customers to share their financial-related information with authorised third-party providers. These groups can use this data to create a more bespoke service. […]
The protection of financial performance has always focused on numbers, and today, big data and automation are enabling finance leaders to take key performance indicators to a higher level. While the acceleration of new data has generated more opportunities to improve KPIs, managing that information and converting it into clear and actionable insights has proven […]
We are entering a new level of intelligence, but many businesses are yet to harness the potential of AI. Big tech companies have been data-focused since the beginning. Smaller businesses with more conventional foundations, however, weren’t built with the capability to utilise AI in their daily operations. Until now, utilising such potential was completely out […]
Like all technology, big data is progressing, and as we start the new year, it is an ideal time to explore what opportunities exist and what areas need improving. This year represents a critical time for big data, AI and analytics, with more businesses anticipating progress and better results for their organisations. Here are some […]
As we’ve experienced over the last few years, change doesn’t necessarily make everything better, but it has been necessary, and those that fail to embrace it risk being left behind. The global pandemic has accelerated the UK economy to its limit, highlighting the importance of many processes associated with the finance sector. While many innovative […]
Before the pandemic hit, senior leaders had a relatively clear vision of how the future workplace should progress for their business. While measures and strategies vary from one to another, the consensus was that action plans would happen primarily in the office environment. Over the last year, many businesses have firsthand experience of the benefits […]
Onguard’s fintech measurement tool has been monitoring trends and changes over the last few years. The latest data from the Visma Onguard Fintech barometer indicates that the number of businesses intending to implement a digital transformation strategy within the next 6 to 12 months has doubled since 2019. The Fintech Barometer consists of an annual […]
Climate strategies need to be supported by clear strategies and data. Finance leaders will play a leading role in creating the necessary plans and delivering sustainability reports. The climate summit ended with several commitments and announcements targeting climate action and requiring significant implications for businesses and organisations. Countries agreed to adopt the Glasgow Climate Pact […]
How can finance leaders leverage analytics and cloud systems to improve their business functions? Our workforce today is experiencing significant change. Technology and the rise of automotive products are transforming how processes are done and how senior leaders manage their business, particularly in the case of CFOs. In the last year, digital technology has accelerated […]
Unleashing the power of new data cloud solutions requires a smarter approach towards BI. For those operating in the financial services industry, Snowflake has become an established leader. The cloud-data platform is already used by approximately 6 out of 10 of the financial industry Fortune 500 companies. Now the business is looking to introduce a […]
For the first time, finance is a vital part of the COP26 climate summit, highlighting the role finance plays in supporting the economy towards net zero. Finextra, an attendee of COP6, listened to the ‘Green Horizon Summit’ by the Green Finance Institute, a daily insight running throughout the conference. Expert industry speakers from technology, climate […]
Big data has been a trending term for some years and represents a significant potential that many businesses are only starting to appreciate. Years ago, most big data came from a range of sources such as CRMs, billing and browsing activity. Today, data science is more dependent on external data sources, generating information that could […]
The pandemic has increased the focus on the importance of data analytics in measuring risk, encouraging businesses to invest more in training and upskilling their employees. We are in a time where information is critical. Data is generated faster than ever before, and more specifically, data analytics enables businesses to maintain pace with technological advancements […]
AI can leverage a bank’s biggest asset: its data. This can provide traditional finance businesses with a new source of potential income. It’s clear today and technology matters in the finance industry. The new emerging fintech displays the power of integrating technology with finance. It’s understood that some of the leading businesses such as Monzo […]
The demand for skilled leaders in finance has only intensified further since the pandemic. Businesses are seeking more diverse opportunities and require talent with the knowledge and insight of digital transformation. Being capable of integrating remote workers has become a top priority for senior recruitment leaders. The concept of today’s finance leader has shifted considerably […]
As finance businesses continue to evolve their services and offerings, a new approach towards data and analytics is needed to meet rising demands. Big data and analytics are important elements of today’s finance industry and go in collaboration with the challenge in improving the capabilities of data management for finance businesses. The key question is […]
The finance industry is actively looking to harness the insights from several data sources but existing limitations within their IT infrastructure. A new industry standard intends to make it easier for financial services businesses to manage data in the cloud, opening the potential to a surge of new service and product development. Cloud services facilitate […]
Customer-focused and inclusivity remain challenges for the finance industry. AI-powered analytics can support businesses in differentiating themselves and enable them to create a competitive edge through delivering personalised experiences for their customers. Such technologies like AI enable businesses to create a strategic focus and implement analytics as a valued business measure. The analytics and business […]
Recent research by Deloitte suggests that CFOs should be taking the lead in leveraging corporate data not only for their own decision-making but also to strengthen their impact beyond their core finance functions. This means CFOs can apply big data not only for financial plans such as budgeting and forecasting but also to increase their […]
The launch of the Global Open Finance Challenge has caught the attention of the fintech market. In a recent conversation with Finextra, NatWest Group highlighted the reasons behind introducing the initiative and the inclusive incentives being used to attract the best teams. CIBC, Itaú Unibanco, National Australia Bank and NatWest Group have partnered to host […]
The opportunities presented through data analytics have extended the reach of financial reports and analytics, but is this enough for CFO’s today? Financial analysts and CFOs are notoriously focused on data for reporting, risk assessments and for determining possible scenarios. One of the primary issues that CFOs now isn’t the lack of access to reports […]
The influence of regtech will continue to grow as businesses in the finance industry manage the increasing challenges and pressures of remaining compliant. The regulatory environment is growing and becoming more complicated. To remain compliant with continuing evolving laws and the rise of big data RegTech is becoming a focus area. What do this offer […]
The Pareto Principle refers to the concept that 80% of consequences are generated from 20% of causes, meaning the remainder is less impactful. Those working in the data industry may have a different version of the 80-20 principle. A data scientist generally invests approximately 80% of their time cleaning up data instead of working on […]
Artificial Intelligence or AI has transformed the financial services industry worldwide. In just a few years, the industry has become more dependent on technology supporting data aggregation, security, products and services. The initial launch of AI technology primarily focused on deriving insights. Since then, the adoption of AI has progressed to other areas of the […]
Artificial Intelligence or AI has transformed the financial services industry worldwide. In just a few years, the industry has become more dependent on technology supporting data aggregation, security, products and services. The initial launch of AI technology primarily focused on deriving insights. Since then, the adoption of AI has progressed to other areas of the […]
Coaching professionals in the finance industry believe that finance transformation will become one of the most in-demand skills over the next few years. As roles continue to evolve after the pandemic, many new skills are becoming more in demand for finance professionals. Having specific knowledge of recovery management, innovation, new technology and building agile finance […]
September 1, 2021 by Mike Jones Coaching professionals in the finance industry believe that finance transformation will become one of the most in-demand skills over the next few years. As roles continue to evolve after the pandemic, many new skills are becoming more in demand for finance professionals. Having specific knowledge of recovery management, innovation, new technology […]
The combination of digital technology with the rising demand for talent are two trends reshaping the finance industry. Businesses are facing challenges of transitioning to digital and the importance of the finance function in this transformation. The challenges faced during 2020 created the impetus for many to adapt and integrate new digital services that appeal […]
The UK financial services industry is experiencing a significant shortage of talent, intensified by the rising demand as a result of the pandemic. According to a study by the Association of Professional Staffing Companies (APSCo), job vacancies within the industry increased by nearly 38% between Q1 and Q2 of this year. The findings follow on […]
August 25, 2021 by Mike Jones The combination of digital technology with the rising demand for talent are two trends reshaping the finance industry. Businesses are facing challenges of transitioning to digital and the importance of the finance function in this transformation. The challenges faced during 2020 created the impetus for many to adapt and integrate new […]
August 25, 2021 by Mike Jones The UK financial services industry is experiencing a significant shortage of talent, intensified by the rising demand as a result of the pandemic. According to a study by the Association of Professional Staffing Companies (APSCo), job vacancies within the industry increased by nearly 38% between Q1 and Q2 of this year. […]
Businesses are either overwhelmed by too much data, limited access to their data or being held back by the technology they use to measure their information. The influence of digital technology in finance has been ongoing for years. The capacity to automate manual tasks by applying innovative technologies has enabled the finance industry to transition […]
August 18, 2021 by Mike Jones Businesses are either overwhelmed by too much data, limited access to their data or being held back by the technology they use to measure their information. The influence of digital technology in finance has been ongoing for years. The capacity to automate manual tasks by applying innovative technologies has enabled the […]
As the industry transforms, there will be winners and losers associated with the fundamental changes in the finance industry as a consequence of big data. Rising competition, combined with the breaking down of traditional measures replaced with alternative systems, will impact the businesses we see today. Customers will likely benefit from enhanced products and services, […]
August 12, 2021 by Mike Jones As the industry transforms, there will be winners and losers associated with the fundamental changes in the finance industry as a consequence of big data. Rising competition, combined with the breaking down of traditional measures replaced with alternative systems, will impact the businesses we see today. Customers will likely benefit from […]
The Fintech industry has generated significant changes, disrupting many industries, particularly the financial sector. Fintech has created several benefits in finance, improving payments processing, insurance and money lending. The rise of fintech has provided a unique customer experience and enabled people to embrace the transition to fintech. The majority of fintech customers tend to be […]
August 4, 2021 by Mike Jones The Fintech industry has generated significant changes, disrupting many industries, particularly the financial sector. Fintech has created several benefits in finance, improving payments processing, insurance and money lending. The rise of fintech has provided a unique customer experience and enabled people to embrace the transition to fintech. The majority of fintech […]
Artificial Intelligence requires significant data, building and deploying AI and machine learning systems requires significant data sets. Creating key machine learning algorithms is dependent on large volumes of data. To expand and deepen the results and findings made by the algorithm, machine learning requires data from a range of sources, in various formats and from […]
July 28, 2021 by Mike Jones Artificial Intelligence requires significant data, building and deploying AI and machine learning systems requires significant data sets. Creating key machine learning algorithms is dependent on large volumes of data. To expand and deepen the results and findings made by the algorithm, machine learning requires data from a range of sources, in […]
Financial services businesses within the UK are becoming more reliant on scraping alternative data sources, with over 60% using alternative data to improve their decision-making process. The new report ‘The Growing Importance of Alternative Data in the Finance Industry’ by Oxylabs highlights the significant rise in web scraping for alternative data over the last year […]
Open banking is the transfer of financial data and a trend that inevitably is likely to increase. While open banking empowers fintech and larger technology businesses, a report by McKinsey suggests several significant benefits for established banks and financial organisations that may have not been previously recognised. Industry experts highlight how our world is changing […]
July 21, 2021 by Mike Jones Financial services businesses within the UK are becoming more reliant on scraping alternative data sources, with over 60% using alternative data to improve their decision-making process. The new report ‘The Growing Importance of Alternative Data in the Finance Industry’ by Oxylabs highlights the significant rise in web scraping for alternative data […]
July 21, 2021 by Mike Jones Open banking is the transfer of financial data and a trend that inevitably is likely to increase. While open banking empowers fintech and larger technology businesses, a report by McKinsey suggests several significant benefits for established banks and financial organisations that may have not been previously recognised. Industry experts highlight how […]
July 16, 2021 by Mike Jones Many business leaders believe that traditional practices can only deliver a certain level of results. This way of thinking has influenced financial and investment leaders to combine conventional data sources with other innovative practices. In the pursuit of delivering the highest results and gaining a market advantage in the finance industry, […]
Many business leaders believe that traditional practices can only deliver a certain level of results. This way of thinking has influenced financial and investment leaders to combine conventional data sources with other innovative practices. In the pursuit of delivering the highest results and gaining a market advantage in the finance industry, businesses are exploring new […]
There have been very few technological innovations that have impacted the finance industry, like Big Data. The traditional days of customers visiting local banks have been replaced with a wide range of diverse online products, as well as some use of in-branch services. The banking industry experienced a significant transformation with the emerging digital changes. […]
July 14, 2021 by Mike Jones There have been very few technological innovations that have impacted the finance industry, like Big Data. The traditional days of customers visiting local banks have been replaced with a wide range of diverse online products, as well as some use of in-branch services. The banking industry experienced a significant transformation with […]
Across the entire business, the predominant focus lies in implementing data-driven decision-making processes. Applying the potential of technology, advanced analytics and data, combined with human power to generate smarter decisions. Despite the benefits, many businesses fail to deliver what they regard as a measurable value from their data. A study by Accenture recently discovered that […]
Businesses today are consumed by so much data, some face the challenge of accessing the information or lack the right tools to analyse their data. The digital transformation of the finance industry has been happening for several years now. The potential to automate manual processes has enabled finance to transition from its conventional reporting processes […]
CFOs and other financial professionals are fairly optimistic that we are approaching an economic recovery. Over 70% anticipate that we will return to normal by the end of the year, according to the latest Enterprise Financial Decision-Making report from OneStream, a leading provider of corporate performance management solutions. The report suggests that businesses have increased […]
Businesses today are becoming more and more reliant on data and fortunately, the availability of data is rising considerably. The amount of information generated by one business would have simply overwhelmed some of the largest companies from a decade or so ago. Yet, the majority of people in recent studies confirm they continue to find […]
Allen Shim became the CFO of Slack after shifting his attention towards what priorities the position needed. Back in 2014, Slack had around 20 employees when Shim joined as a finance executive. He quickly became responsible for managing finance, analytics, accounting, as well as other functions within HR, IT and legal. In a previous interview, […]
The last year came with several uncertainties, exposing vulnerabilities in society and transforming how we do business. With the disruption to face-to-face services, the finance industry was forced to explore alternative, innovative ways to reach out and connect with customers. Shifting from face-to-face services to alternative plans isn’t easy. Apart from the potential risk of […]
Oracle has expanded its relationship with the UK Government by enhancing the Government Centre of Excellence and enabling better access to Oracle Cloud. Oracle has updated its links with the Government by updating the existing Memorandum of Understanding (MOU) between Crown Commercial Service (CCS) and Oracle, as well as focusing on building a stronger working […]
People are beginning to adapt to AI at a steadily rising rate. It’s clear that modern technology is evolving rapidly and has had some impact on nearly everyone’s lives. AI has become profoundly popular in multiple industries for a range of reasons. Improving efficiency, managing information, identifying trends in data are a few of the […]
The role of a CFO has transformed in recent years, going well beyond its conventional function to more of a pivotal role in engaging, communicating and influencing overall value for a business. Finance professionals today need to be capable of telling their own story, representing themselves as vital decision-makers on specific issues ranging from ESG […]
Forward-thinking financial businesses are applying data, analytics and AI to create new products and services and to enable the delivery of more intuitive and personalised service. Future success requires attracting skilled talent, enhancing existing processes and meeting the increasing demands of customers. The finance industry is continuously focused on digital transformation and utilising data, analytics […]
A major part of the recent success at Oracle is related to its SaaS model and ability to evolve its technology and offerings to new customers in the cloud. Its recent updates to the advertising and customer experience applications represent another example of innovation and meeting the demands of its customers. Oracle advertising and CX […]
The necessity for clear plans on how to reach net-zero targets and creating a level of resilience are some of the biggest challenges for financial businesses addressing climate risk. According to a survey by Willis Towers Watson of leading financial businesses, the availability of data represents one of the biggest challenges businesses expect to experience […]
The importance of cybersecurity doesn’t just apply to the IT industry. It is a vital part of every business, particularly within the finance sector. Banks and other financial organisations hold and manage millions of transactions daily, with the majority of these payments being done by digital platforms. This rise in digital payment options has come […]
A new study from NTT suggests that over 80% of financial institutions believe AI is a vital part of differentiating their business, future success and generating new business. The study, however, indicates that only 16% of financial businesses use AI and data. Senior financial leaders overwhelmingly agreed that the adoption of AI was a very […]
The pandemic has increased digital adoption across all business industries. The finance function must embrace new technology and develop the necessary new skills to maintain its position. Mark Cracknell, the head of research at digital firm Generation CFO highlights a glaring disparity between how people operate in the workplace and their personal lives. Cracknell explains […]
While it’s not considered like this, data could be interpreted as one of the most important commodities on our planet. Every day we produce data, businesses collect it, extract useful information, convert it into actionable insights, and then develop new products and services. Data sharing refers to an agreement that involves waiving privacy for commercial […]
Amazon’s AWS cloud business has announced the launch of a new data management and analytics service for the financial industry. As with most industries, data represent the driving force behind financial services, for banks, insurance companies, hedge funds and many more. This data, whether it be structured or unstructured, is stored in a silo separate […]
Qlik announced today a new and enhanced mobile analytics experience with the Qlik Sense Mobile for SaaS. Forming one of four new features delivered this quarter in the Qlik SaaS data integration and analytics platform, these capabilities will support customers progress in their journey towards Active Intelligence, moving beyond passive data generation to informed action […]
In previous years private equity may have held back the financial industry in terms of the uptake of new technology and automation. As more data becomes available, the requirements for reporting and transparency have increased and businesses are continuing to diversify their investment plans, and realising that having strong expertise in analytics is a necessity. […]
Data quality is regarded as one of the biggest threats to reputation according to finance leaders. Data quality has become one of the biggest issues requiring attention according to senior finance leaders. As businesses continue to look towards data to enhance performance, the risks and challenges related to poor data have become even more important. […]
Data represents a key element of success in the finance industry. Recent studies suggest that 60% of finance leaders consider the leveraging of data science and analytics for clearer insights and enhanced decision making as top priorities for this year. The ability to use data analytics and big data to create a competitive advantage and […]
The latest developments in Oracle Cloud HCM will allow HR teams to deliver personalised, AI-driven processes to support their employees. Oracle has revealed a new platform that will provide a more streamlined employee experience in the Oracle Fusion Cloud Human Capital Management (HCM). Oracle Journeys support businesses by delivering a one-stop platform for employees as […]
CFOs can often take a cautious approach to accept new technologies but data and analytics professionals can support them with really understanding the benefits of implementing these solutions into their business. According to a study by Gartner, after a significantly disruptive year, CFOs seem to be prepared to invest in projects that enable the implementation […]
Embedded wealth management enables customers to increase their wealth and provide fintech with a new channel to communicate and engage with their customers. When Uber announced it was introducing a bank back in 2019, the technology and finance industry became very excited. Uber Money provided users access to their earnings in real-time and access to […]
In previous years, employing a chief data scientist was viewed as quite a luxury. Today, the role has become a necessity, especially as more businesses continue to accelerate their digital transformation plans in challenging conditions. The importance of data science and analytics has surged during the impacts of the pandemic as businesses recognise how data […]
Despite the rising demand for cloud computing skills, the number of job opportunities available on LinkedIn declined by 57% last year. Less than 55,000 technology industry roles were being advertising on LinkedIn near the end of last year, driven predominantly by reduced demand for cybersecurity and data analytics professionals. According to Accenture, the 57% decline […]
The chief data officer of Experian recently discussed the importance of managing the skills gap and how industry leaders can attract more diverse talent to the data sector. The pandemic accelerated the level of innovation and creativity in regards to using data effectively. Combining the skills and expert knowledge, data can provide businesses with the […]
Unstructured data, whether it’s in raw form from news articles, reports or social content, is growing at a significant rate. Studies suggest that over 80% of all new data generated is in an unstructured format, yet only around 1% of this data is measured or applied to a business. The sheer abundance of unstructured data […]
Anaplan has confirmed that it’s making its business planning and forecasting tools available on Amazon Web Services public cloud platform. Anaplan provides an enterprise platform that can be used for a range of business planning purposes. The new offering is focused on an in-memory database and calculation system called HyperBlock that allows users to manage […]
Advanced analytics is rapidly becoming a popular tool for business leaders looking to leverage the benefits of generating more insights on delivering more solid decision-making processes. All businesses are capable of collecting data on their customers and market and even their competitors. There is a huge amount of data available with the potential to create […]
A new survey by researching firm Censuswide discovered that nearly 70% of global business and finance executives lack confidence in data. The survey of C-suite executives and F&A professionals commissioned by automation software business BlackLine discovered that under 30% of respondents are confident that the financial data they use for financial analysis and forecasting is […]
New research from Gartner explores how FP&A teams can provide finance analytics that supports planning and decision making. Analytically focused decision making has become critical for many businesses, particularly during the global pandemic. The key question now is which decisions should the financial planning and analysis (FP&A) team support? A new report from Gartner suggests […]
The new return-to-workplace solutions, Oracle Fusion Cloud Human Capital Management provides a safe option and supports employees in adapting to a new working environment. It’s still quite unclear when we will all embrace the new way of working after the pandemic. To enhance enterprises, while meeting the necessary safety standards, Oracle has launched what they […]
While businesses are recognising the value of data science and its ability to enhance business revenue, implementing and scaling data solutions across a business continue to be a challenge. A recent survey of data and analytics professionals suggests that developing a positive business culture with employees is a major factor that influences the success of […]
In the last few years, Business Intelligence has progressed into a driving force for business development, and with the impacts of Covid-19 accelerating further progress, we are likely to see BI transform into an essential part of an enterprise. Augmented Analytics This year we are likely to see BI and AI collaborating to develop augmented […]
Augmented Analytics – combining artificial intelligence (AI) and analytics is one of the latest innovative developments in the data analytics industry. For businesses, data analysis has progressed beyond simply hiring data scientists, to incorporating smart technology that provides clear insights that directly influence decision making, thanks to AI. Augmented Analytics or AI-driven analytics, supports organisations […]
Augmented Analytics – combining artificial intelligence (AI) and analytics is one of the latest innovative developments in the data analytics industry. For businesses, data analysis has progressed beyond simply hiring data scientists, to incorporating smart technology that provides clear insights that directly influence decision making, thanks to AI. Augmented Analytics or AI-driven analytics, supports organisations […]
A coalition of health and technology businesses, including Microsoft, Salesforce and Oracle are working together on a project that intends to make it easier for people to access their Covid-19 vaccination records digitally. As more people begin to get vaccinated against Covid, they may need to have proof that they are vaccinated so they are […]
The significant rise in remote working hasn’t only increased the opportunities for hackers to exploit but has also heightened the need for more cybersecurity specialists. More people are beginning to appreciate the importance of cybersecurity in the business world. According to non-profit organisation ISC, a specialist in cybersecurity training, over 3 million people are needed […]
Aside from the extended coverage of the pandemic lies the continued threat of climate change and the challenge of implementing effective measures to reduce emissions and keep our global temperatures to the levels set in the Paris Agreement. Despite short term reductions in emissions due to the impact of Covid-19, reports in 2020 highlighted predicted […]
Finance transformation may not necessarily have to be a response to disruption. There are examples of finance teams implementing changes to their team, processes and technology to deliver a more effective approach towards business planning. They have focused their efforts on implementing data solutions and transitioning from a finance-based approach to planning and reports to […]
The growth of data has enabled businesses to understand large volumes of data and generate valuable insights. Companies that rely on this information to execute important decisions and continue to improve their products and services. The data industry continues to progress, and ‘dark data’ offers the ability to take it a step further. Harnessing dark […]
AI and automation became essential for many business’s efforts to manage the impacts of the pandemic. How will these innovative services continue to transform business strategy this year? At the beginning of 2020, the uptake of tools like AI and automation was increasing but at a cautious and steady rate. In just a few months, […]
A significantly challenging 2020 has left many questioning what will come next in the technology market. Many data and analytics experts from leading businesses such as Qlik, Cloudera and SAS have highlighted their own predictions for the year ahead. One of the key areas and a popular discussion point is the prediction surrounding AI and […]
For the finance industry, a recovery from the impact of the pandemic will enable initial testing with artificial intelligence and machine learning to become more of a normality. The implications of the pandemic required significant adaptation and many financial businesses have needed to make major transformations to meet customer expectations and ensure their core operations […]
A significantly challenging 2020 has left many questioning what will come next in the technology market. Many data and analytics experts from leading businesses such as Qlik, Cloudera and SAS have highlighted their own predictions for the year ahead. One of the key areas and a popular discussion point is the prediction surrounding AI and […]
Leading corporate performance management provider OneStream Software has gained a leading position in the 2020 IDC MarketScape for Cloud EPM Software category. OneStream is renowned for its detailed and flexible platform and for XF Marketplace, a service providing more than 50 solutions that can be configured and implemented to manage additional requirements without involving any […]
CFOs may be cautious to implement new technologies into a business, but support and providing insights into the benefits of integrating these systems can ensure a smoother transition. After a very challenging year and continued disruptions to key technology projects, CFOs are emerging and preparing to invest in new projects that support the development of […]
Several years ago there was a lot of hype around the potential of big data, taking data that was too large for conventional data processing and applying new technologies and discovering various insights and solutions for businesses. Since 2012, the trend in big data has generally been positive but there have been challenges. Studies by […]
The new deal between Barclays and Amazon highlights the importance of AI in finance. The financial times recently highlighted the importance of the agreement between Barclay and Amazon, providing a seamless shopping and payment service for customers in Germany. The article explains the significance of the deal and the underlying race at banks and technology […]
The pandemic has impacted businesses in many ways. Finance teams have had to focus on navigating through this period and managing the balance between customer demands and the economic realities that many of us are facing. The transition to remote working happened quickly and businesses that were capable of reacting and implementing the necessary tools […]
Having the capabilities to collect insights and important data concerning your business is vital for making informed decisions and managing difficult challenges that many businesses are experiencing now with the pandemic. There continues to be a great level of uncertainty for many organisations around the world. By utilising reliable data and analytics, businesses can become […]
Optimism within the technology industry regarding the year ahead remains strong thanks to the continued trend in the digital market. Despite being a very disruptive and challenging year, many technology businesses experienced a surge in business and forecasted rise of new opportunities in 2021. The significant shift towards remote working created a wave of demand […]
Digital transformation has accelerated in many businesses this year and as a result, the demand for finance professionals with data analytical skills has never been higher. The Future of Jobs Report 2020 created by the World Economic Forum (WEF) investigates how automation, in collaboration with the impacts of the Covid-19 recession has generated an even […]
The financial industry is experiencing a significant shift driven by new technologies. Many business leaders are continuously looking for techniques to improve their performance and introduce new, efficient solutions. With the rise of new technology comes new challenges for the finance industry. Being prepared for cyberattacks Financial businesses are particularly vulnerable to cyber attacks due […]
The chief financial officer has always played an important part in business, but the impacts of the pandemic have heightened the importance of this position in an organisation. While technology and new developments have enabled businesses to adapt and innovate, many businesses continue to use traditional methods to collect and store their data. As a […]
Data analytics is a vital tool enabling finance industry leaders to implement a risk-based approach towards internal and compliance audits and to determine areas of improvement when certain issues are detected. The pandemic has created several challenges for many finance teams, particularly in regards to corporate compliance and internal audit functions. Despite a transformation in […]
At the beginning of this year, a total of 87% of public sector businesses surveyed by UKCloud indicated a desire to move their traditional IT systems into the cloud. The implications of the pandemic have resulted in a surge of cloud adoption in the UK, like many businesses not in the cloud were forced to […]
As volumes of data continue to increase, natural language processing is emerging as an important element of financial analysis. Businesses are continuing to embrace machine learning to enable quicker and more efficiently informed decisions. Financial analytical businesses are shifting their attention towards natural language processing to analyse data significantly faster and more accurately than possible […]
Information can deliver vital insight and important benefits for small businesses and performance management tools can enable leaders to understand more about their employees. Understanding what your employees are capable of performing is a critical aspect of managing and operating an efficient workplace. Daily observations do provide some insight for senior managers but it doesn’t […]
Leading members of the finance industry explain how businesses can transform and maintain performance levels through the pandemic. Financial leaders are playing a vital role in managing businesses through the pandemic and associated economic challenges. A recent study by CFO Research combined with FTI Consulting interviewed 325 chief financial officers and senior executives to get […]
The recent economic challenges have accelerated the need for businesses to focus more on supply chain management, and in many cases, this requires added support from banks. Vikram Gupta, the head of the banking product engineering group at Oracle Financial Services explains that access to capital can be a challenge, and the pandemic has only […]
Financial services businesses are accelerating the development of digital transformation initiatives and migrating towards the cloud. With rising demands from customers and an increase in stricter compliance and regulatory standards, the financial services industry will only benefit more but utilising the potential of cloud data platforms. The businesses that have taken the steps towards implementing […]
The launch of a recent partnership between Google Cloud and Anaplan will enable an expanded availability of high performance, global, scalable infrastructure. Google Cloud and Anaplan confirmed the joint partnership to enable Anaplan’s platform for enterprise planning combined with business performance on Google Cloud. Representing the first public cloud offering for Anaplan, the partnership will […]
Predictive analytics enhance financial processes by providing key insights into potential problems in a business and possible opportunities. The pandemic has created a significant period of uncertainty, with many businesses being forced to rethink their strategies. The finance leader, along with the CEO will be the leading force in navigating a business through uncertain times […]
As the finance industry realises the potential of data analytics, investment in business intelligence tools continues to rise. One challenge is ensuring analysts are provided with enough time to utilise the full potential of these services and not bombarded with other business-related activities. A lack of structure can lead to a disjointed approach to data […]
The pandemic has caused a transformation of plans and priorities for many industries. Something that a business may have taken for granted has become a major asset in the current climate. In the finance industry, Covid-19 has had an instant and dramatic impact on the value associated with certain roles in finance. Finance professionals and […]
The global leader in AI solutions for finance AppZen is launching Mastermind Analytics. The new service is an innovative analytics AI service that identifies spend risks and generates a set of recommended measures. The platform provides finance teams with the necessary information regarding trends and a clear assessment of success or areas that require additional […]
The demand for data-driven technology and innovation in the financial services market is surging, as data continues to take a more important role in the operations and management side of a business. From enhancing processes and retaining customers to improving security, data-driven technology has evolved into an essential technological solution for several challenges facing the […]
Oracle has stated that it is the first public cloud provider to launch a security policy enforcement plan incorporating best practices, with Oracle Maximum Security Zones. Oracle Cloud Guard assesses configurations and general activities to detect potential threats and automatically responds and repairs any faults across all Oracle Cloud global regions. The rise and transition […]
In the finance world, legacy systems have represented the foundation that has maintained a business in its traditional activities. Making the decision to move away from legacy systems can be complicated, from a technical and business culture perspective. Many analysts believe that while it may be a challenging move, it is something that must be […]
Artificial Intelligence and Machine Learning are continuously transforming businesses and influencing traditional processes in the finance industry. AI technology already supports many daily activities, and quite often does this without us knowing. A recent study by Gartner suggests that 40% of major businesses plan to implement AI solutions in 2020 and over half intend to […]
Analysts are instructing investors to focus more attention on Anaplan as a growing business within the digital transformation marketplace. In the last few days, Anaplan reported significant growth based on a surge of demand for its cloud-based business planning software. Businesses both big and small recognise the necessity to implement digital technology and the need […]
A number of leading corporates including Amazon, Allianz, Microsoft and S&P Global are heading a new project to combine AI, open-source analytics and open data to enhance the management of climate risks and take advantage of the new opportunities within the net-zero transition. Managed by the non-profit organisation the Linux Foundation, the LF Climate Finance […]
In a move to expand its services further, the British software provider Aveva Group has confirmed the purchase of SoftBank supported business OSIsoft for a total value of $5 billion. Industrial businesses have started integrating additional software into their manufacturing to reduce costs and improve their overall supply chains, benefiting businesses like Aveva. Aveva has […]
Oracle recently announced it has joined the race to acquire the US assets of very popular app TikTok. Microsoft is also in contention, whilst Twitter has been suggested as another interested party. In response to this news shares in Oracle rose by 2%, however, some analysts believe TikTok wouldn’t be a good fit for Oracle. […]
Innovative technologies including artificial intelligence and machine learning are transforming financial businesses and Big Data sits at the core of these new industries. With the support of AI, businesses can efficiently assess data for insightful and relevant information in a fraction of the time. AI can identify specific trends and patterns and display this information […]
NetSuite recently published their latest survey regarding priorities in the finance industry. The results are based on specific information from finance professionals and explore how finance teams have managed during the pandemic. The survey repeated certain themes and questions from the previous report to assess how priorities may have changed in recent months. Some of […]
The former software-as-a-service (SaaS) platform provides energy solutions services, including billing, customer relationship and financial management. UK-based ENSEK, a specialist provider of software services for energy suppliers has confirmed it has acquired the consultancy and data analytics business NrgFin. The new deal represents a part of ENSEK’s growth strategy to expand further into other nations, […]
CFO’s are making plans to prepare for a new age of finance transformation – the post-pandemic finance. How has the industry changes over the last two decades? For many businesses, a post pandemic finance industry involves making a significant move from just focusing on automating vital financial processes. A post-pandemic finance industry requires a more […]
Big data has proven very useful in supporting epidemic control. In Guiyang, China, teachers are utilising a big data platform to monitor the physical conditions of their students. The province has made considerable efforts to boost the big data industry over the years. With the impacts of Covid-19, The Guiyang Education Bureau has created an […]
Businesses with great leaders have the ability to bring out the best in their workers. They are capable of making them productive, happy and more likely to remain with a business for a longer period of time. Businesses that lack this quality in leadership will inevitably experience higher employee turnover, creating higher recruitment and training […]
For some years there has been a rising demand for data scientists but some industry experts are suggesting that this level of demand may be changing. The pandemic has had a number of impacts on economies worldwide, and as a consequence unemployment rates have increased. Businesses are starting to manage the economic slowdown and how […]
The planned updates announced by Oracle will enable finance teams to become more resilient in challenging times. The pandemic has placed considerable pressure on finance leaders. In order to make businesses more resilient and adaptive, Oracle has launched a series of important updates to the Oracle Fusion Cloud Enterprise Resource Planning and the Enterprise Performance […]
Slack has confirmed the acquisition of software as a service business Rimeto. The terms of the deal are yet to be announced. According to CrunchbaseRimeto raised $10 million in venture funding and is focused on delivering a comprehensive employee dictionary for businesses. This enables businesses and associated employees to view employee skills, experience and current […]
The rising role of data science during the pandemic Businesses from all industries are focusing their activities due to continued economic challenges associated with Covid-19. As a consequence, many companies are shifting their attention to financial preservation. Many industry analysts in the data industry are saying that businesses are not appreciating the importance of investing […]
Forbes recently published the leading data analytics and BI platforms available for this year. As we commence a new decade, some of the key trends in the business analytics arena include cloud, artificial intelligence, automation and augmentation. Cloud platforms incorporated with AI technology have progressed significantly over the last few years. Smarter, enhanced prediction and […]
Smarter SaaS services have been viewed as a big trend for the coming year. Gartner has forecasted a total contraction of approximately 8% in worldwide investment in IT during this year due to the impact of the pandemic. This will add further challenges for industries and increase the opportunities and competition for bringing new innovative […]
With COVID-19 as a driving force, financial leaders and their associated teams are making plans for a new post-pandemic stage of financial transformation. For many businesses, a post-pandemic finance market means shifting beyond automating processes like financial consolidation, reporting and planning. A post-pandemic financial transition will require teams and businesses to transform relatively quickly. This […]
Big data provides huge opportunities for business and marketing professionals to unlock vital confirmation on what drives their customers and prospects. Customers are well aware of the value of their personal information and do understand how this information can be utilised in a manner to improve the overall customer experience. Some customers even believe that […]
The transformation experienced in the business world has resulted in an unprecedented rise in SaaS requirements, leading to increased concerns with decision makers in the IT industry. Not so long ago, remote and flexible working options were perceived as an added bonus, rather than mandatory for business development. Today, as a consequence of the ‘new […]
Businesses worldwide are bracing themselves for the economic implications of the pandemic. Many have already felt the impacts throughout their business structure and have been forced to make a number of changes in order to continue. In these difficult times, technological advancements have become essential to enable businesses to continue functioning and to progress. Organisations […]
Oracle Cloud Infrastructure is making significant steps into the video conferencing business, securing two major deals with video conferencing providers requiring the further capacity to support the rise of new users over the past few months. Recent wins with Zoom and 8×8 Inc. were believed to be due to competitive pricing for its services at […]
Brian Duffy, President of SAP EMEA and member of the Sustainability Council believes the recent crisis provides an opportunity for planning and reflection. It seems quite clear that we won’t be returning to the pre-lockdown scene any time soon as the pandemic continues to have significant impacts on how we live and work. Aside from […]
Alternative data, when verified as reliable and trustworthy, can be a significant tool for financial organisations when collecting information. With competition rising and an increased reliance on data, financial organisations must be capable of making the changes. Inaccurate data or a lack of a range of information sources can result in poorly informed plans and […]
Oracle has confirmed that it will provide free access to its Oracle Financial Statement Planning, including Strategic Modelling to all of its current Oracle Planning Cloud customers for the next year. The Oracle Financial Statement Planning will enable users to perform detailed ‘what-if’ scenarios for a range of economic situations, including payment delays, inventory changes […]
The most suitable place for most businesses to store their Big Data is within the cloud. Utilising cloud services for data storage and increasingly for analytics means businesses are outsourcing time and effort associated with storing and managing large sets of data. The implications of power consumption, space, infrastructure and security become the responsibility of […]
As businesses prepare and deliver new steps for the future, many planning professionals suggest that we shouldn’t expect a return to the past. CFO’s across multiple industries are implementing a number of strategies to ensure their business can continue to survive financially during the downturn. They are also exploring various scenarios of how to progress […]
The introduction of innovative new systems and processes has enabled the finance industry to transform in recent years. Finance leaders need to remain focused on evolution and how digital technology and other innovative systems such as predictive analytics and machine learning will influence the industry over the next few years. For finance leaders to remain […]
OneStream, a leading provider of innovative corporate performance management solutions for medium and large businesses has released a new transaction matching solution that can accelerate account reconciliations and reduce the financial close process. OneStream Transaction Matching enables businesses to gather and combine large transaction sets from various sources and quickly select and assess anomalies to […]
All businesses, big or small need to focus on enhancing their processes and determine critical plans to generate higher value. Business intelligence will enable these processes to happen more effectively, allowing people to gather the right information, in the correct format and at the right time. Alongside this necessity, the improvements in technology mean cloud […]
Oracle has announced that they have been selected by Zoom Video Communications to support their growth and further development plans. The leading video communications business continues to innovate and provides a vital service to many businesses worldwide. Eric S. Yuan, the CEO of Zoom explains that they have experienced the most significant growth in their […]
The pandemic has generated an abrupt and significant transformation and change unlike any of us have experienced before. Global restriction and measures have reshaped how we live our lives and how we work. As a consequence, we have needed to adapt quickly to address these measures and transform our working routine. Many businesses and employees […]
In a recent briefing, Andrew Cuomo the Governor of New York states that future decisions will be supported by data, expertise and science. New York is one region that has been severely affected by the pandemic and now more than ever needs a clear and effective strategy to tackle the current situation. A report by […]
Analytics has been heavily involved in studies and work against the global pandemic. Many policies, plans and strategic decisions have been formed off the back of epidemiology models developed to measure and quantify the spread of infections within communities. Countries are starting to discuss the next stages of the pandemic, the aftermath and the impact […]
Global expenditure in the IT industry is predicted to decline by nearly 4% by the end of this year according to research by IDC. Leading software companies like SAP and Microsoft intend to focus on emerging technologies to become more efficient and relevant to current industry changes. Software companies are accelerating their attention towards in-demand […]
The emergence of COVID-19 has created an unprecedented public health crisis. In China, where the virus first appeared, the nation quickly utilises its existing big data systems to support in the battle of containing the virus as much as possible. Big data and artificial intelligence professionals can collaborate with public health members to measure and […]
In response to COVID-19 Zoho has announced a new service providing free access for existing customers to all applications. The pandemic is having a significant impact on businesses worldwide and many software providers are offering their support. Recently, Zoho announced the launch of Zoho, aimed at existing and potential new customers to operate efficiently from […]
As we continue to practice social distancing and follow the restrictions associated with travel, workplaces, schools and other venues, we are having to transform our communication techniques. Technology is enabling us to maintain these connections despite the lack of physical contact, allowing many businesses to continue operating remotely and for their workforce to remain intact. […]
Oracle has confirmed that they will provide a platform to support clinical trials exploring if two malaria drugs could potentially be approved for the treatment of COVID-19. Oracle will provide a new platform that will allow the US government to operate clinical trials to tackle the current global pandemic. The full details of the Oracle […]
A number of digital platform providers including Microsoft and Zoom have seen a significant surge in uptake particularly within China, Italy and the U.S due to the rising threat of the coronavirus. Businesses across the globe are instructing employees to work from home as governments implement measures to reduce the spread of the Covid-19 virus. […]
In terms of other major players, Oracle may be a little late to join the cloud infrastructure market, however, Oracle believes they can offer a superior service to its competitors, particularly in certain regions. Many businesses are considering what strategies to take in terms of cloud implementation. Many that have begun to integrate cloud services […]
It’s inevitable that technology will transform how businesses operate. The key challenge for many is ensuring the changes generated by technology enhance business performance. When a company explores its IT systems, many will likely see a segmented number of products and possibly look at consolidating their services into a singular and innovative product. A singular […]
Oracle recently confirmed the launch of its Cloud Data Science Platform, a new service based on the Oracle Cloud Infrastructure with the capability to enable data scientists to manage the development, deployment and operations of machine learning processes. The foundations of the new cloud data platform originate from the previous acquisition of DataScience.com, an acquisition […]
A combination of ongoing trade discussions with the US and Europe, a confirmed Brexit in the UK and the recent implications of the coronavirus outbreak have accelerated the levels of uncertainty for many businesses worldwide. Findings from the latest Global CEO survey from PWC suggest that over half of CEOs believe the pace of global […]
In today’s business world, the modern CFO and Financial Director are expected to deliver more than standard financial reporting and focus on strategy and technology decisions that drive business performance. According to the ‘Digital transformation beyond financial management’ report by Sage, over 90% of senior decision-makers stated that their position had changed considerably over the […]
In today’s business world Software-as-a-Service (Saa) isn’t simply focused on saving money, but also on providing a convenient solution. SaaS services enable businesses to avoid having to be concerned with software maintenance and the simplicity of accessing a system from anywhere. The sheer convenience of SaaS means that cloud-based services are the primary choice of […]
Oracle recently confirmed the launch of the Oracle Cloud Data Science Platform. The system is developed from Oracle Cloud Infrastructure Data Science, allowing businesses to develop, manage and deploy machine learning systems. The new technology incorporates a number of features like project sharing, team security and auditability. The product determines the most efficient training datasets […]
We are generating data at an astonishing rate, with approximately 90% of all global data being created in just the last few years. Many studies expect big data to continue growing at lightning speed. As Big Data becomes more dominant, senior executives and leaders in the financial industry need to maintain close attention to this […]
This week Oracle confirmed the addition of five new countries to its Generation 2 cloud platform. This news will increase the number of Oracle cloud data centre regions to 21, with a planned total of 36 to be available by the end of 2020. If this figure is reached, Oracle will have more global data […]
SaaS businesses are focused on customer success, offering the latest products and removing complexities and payment challenges. Since its inception over twenty years ago, the industry has experienced significant growth and innovation. Recent studies show that the average employee uses over 30 cloud services at work. According to Synergy Research Group, global investment for cloud-based […]
The demand for data segmentation and analytics is rapidly rising with modern technology creating a significant shift in data’s positions in a company. Nearly 70% of major businesses are utilising data to enhance specific business areas such as customer acquisition, internal processes, product road mapping or pricing strategies. It is clear that data management is […]
The UK based SaaS FinTech business Rimilia has confirmed it has secured $15 million in funding from current investors including Silicon Valley Bank, Kennet Partners and Eight Roads Ventures. The latest funding round at Rimila has enhanced the total funding secured to $40 million. The business has stated that the new revenue will be used […]
OneStream, the leading provider of financial performance management solutions has promoted Agium EPM to Diamond partner level. The news positions Agium EPM, a dutch-based business focused on EPM as one of the only two companies to have been awarded this level in Europe, the Middle East and Africa. Founded over 20 years ago, Agium EPM […]
Software-as-a-Service has created a number of opportunities, replacing conventional systems with cloud-based services, enhancing the overall user experience. Across an entire business spectrum, all departments are experiencing the benefits the technology can offer. Teams can work collaborate efficiently and finance teams are capable of utilising large data sets on the cloud and generate insightful information. […]
Christian Klein, the new co-CEO of SAP has focused his attention on two big areas for this year. Whilst both will be a challenge, it is possible to see progress in both goals. In a discussion with Yahoo Finance at the World Economic Forum, Klein raised the importance of up-skilling technology professionals. The necessity to […]
SaaS is a reputed business model with proven success and has become a popular tool across many industries. The innovative model enables businesses to work directly with customers or quite commonly, use a separate partner. By using a partner, these companies effectively ‘own’ the customer relationship and the attached data, probably the most critical part […]
Leading connected planning business Anaplan recently wrote a piece for Forbes on the focus for this year. Looking back at 2019, there were a number of uncertainties relating to various challenges including Brexit and Tariffs. Businesses battled to maintain prosperity during a transition in consumer demands and a continued rise in competition. This year is […]
AI has expanded in recent years and become widely accepted in businesses today. Implementing new AI tools enables businesses to remain efficient and gain a competitive edge in their selected market. Forbes recently released a number of top trends related to the AI market for 2020: Predictive Analytics Predictive analytics utilised a combination of machine […]
Leading connected planning business Anaplan has confirmed the release of a new AI-powered system for Predictive Sales Planning, supporting companies in managing their overall design and execution of sales and revenue strategies. The goal is to enable businesses to grow revenue at a quicker rate and create a competitive edge within their selected market. As […]
SaaS is continuing to expand as businesses of all sizes integrate the software-as-a-service model to meet their application requirements. Studies suggest that the use of SaaS within business increased by 68% between 2017 and 2018. Innovative companies are implementing the benefits of SaaS, offering subscription pricing options to their customers and enabling software to be […]
Artificial Intelligence (AI) is progressing at a rapid rate and advancing systems are becoming more efficient at adapting to new scenarios and performing in ways that are similar to the human brain. With further technological advancements, there is great potential for AI to transform large businesses in the coming years. Software-as-a-service (SaaS) tools have had […]
Software as a Service (SaaS) is a common technique applied to the operations of many businesses today. Studies suggest that by next year, over 70% of all enterprises will operate nearly completely on SaaS. In short, SaaS is an applied approach offering software and charging customers to use these services on a subscription model. The […]
OneStream Software, the market leader in corporate performance management solutions for mid to large businesses has been chosen as the Gartner Peer Insights Customers Choice for Cloud Financial Planning and Analysis Solutions. Tom Shea, the CEO of OneStream Software explains that the finance industry is experiencing an era of digital transformation and today is […]
In recent reports, Anaplan displayed an increase in earnings through a significant rise in subscriptions. Customers are expanding their use of the Anaplan platform, and the business is securing a number of larger record deals, highlighting the success of its connected planning technique. Recent financial results reached a level beyond expectations by Wall Street and […]
Businesses investing in innovative digital platforms is on the rise, transforming how companies operate today and for the future. Industry is shifting from a functional basis to a more process-focused approach and now further towards a digital platform basis. Digital platforms are altering businesses and data represents the core of these systems. Data is the […]
The significant rise of data has created a number of new opportunities and as a result, the role of finance professionals is expected to change. In order for the industry to be continually viewed as a value-added service, finance professionals must continue to change and maintain pace with changing technologies. Laura Timms, representative of MHR […]
Valued at over $26 billion and ranked as one of the most valuable global brands, Oracle has established itself as one of the largest businesses in the world. Oracle is dedicated to ensuring people view and use data in different ways, discover insights and create new opportunities. The business creates, manufacturers and sell innovative hardware […]
Anaplan, leading business in connected planning has confirmed it has been named on the Deloitte Technology Fast 500, an established list of the 500 fastest growing technology, media, telecoms, life science and energy tech companies within North America. Frank Calderoni, chairman and CEO of Anaplan believes it is an honour to be recognised by Deloitte […]
Anaplan has confirmed the release of Intelligent Forecasting, an integrated artificial intelligence focused sales solution created in collaboration with Salesforce. Intelligent Forecasting will enable sales managers to combine opportunity data from Salesforce Sales Cloud and data from Anaplan forecasting models, utilising analytical services from Salesforce to offer AI-supported variables to measure win rates. Chris Badger, […]
Digital professionals today are becoming more innovative and technologically capable than ever before. Digital teams are moving away from traditional sales techniques and instead are expecting new, personalised and more engaging presentations. On a similar level, sales professionals are taking advantage of all modern channels and understand the new types of engagement that today’s buyers […]
After a valuation of $1 billion earlier this year, OneStream Software LLC has confirmed the appointment of a new CFO with a strong finance background with Microsoft and other leading technology businesses. Bill Koeford starts at a company that has experienced significant growth, thanks partly to a $500 million investments from US-based private equity company […]
A new report by Protiviti has stated that data, privacy, analytics and customer service are the main priorities within the finance market. The report called ‘Today’s Finance Priorities: Security, Data, Analytics and Internal Customers’ states that CFO’s and other finance industry leaders are equally focused on strategic and operational issues. The report explains that businesses […]
The introduction of Cloud Native enables industry leaders the flexibility to incorporate 5G, IoT and deliver innovative digital business systems. Digital companies today are radically transforming their monetization systems in order to manage rising demands for 5G and other new digital services. The new cloud-native system from Oracle Communications for Billing and Revenue Management (BRM) Cloud-native […]
Most businesses are transforming their focus and continuing to incorporate advanced data and analytical systems. Analytics has been proven to not only add value to business performance, as well as increase profits but also generates a number of other opportunities. Yet, many companies are struggling to take full advantage of the benefits of data and […]
Despite years of competition, VMware and Oracle have confirmed they are partnering to allow users to operate VMware workloads on Oracle cloud infrastructures and applications. Historically, both businesses have had a rather hostile relationship but the two rival companies have sealed an agreement that both businesses believe will improve application management and allow for further […]
US-based data forecasting and analysis company Trefis have been exploring the possibility of a potential market merger between Amazon and Oracle. While a deal sounds very ambitious, Trefis believe it would represent one of the best acquisitions Amazon make, solidifying their position at the top of the cloud technology market. According to Trefis, their bold […]
Leading enterprise cloud application management services provider Velocity Technology Solutions has confirmed its Silver Partnership with OneStream Software. Velocity will offer implementation services along with the support of the corporate management platform available at OneStream, streamlining reporting for many businesses. Craig Colby, chief revenue officer of OneStream confirmed that they were very excited to reveal […]
Data insights business GenAnalytics has partnered with Incremental Group to create a software system to support businesses with gender pay gap reporting. Its new service will be offered to approximately 12,000 UK businesses employing over 250 staff and are required to annually publish information on the pay differences between men and women in their business. […]
Earlier this year developers from Visa and Oracle teamed up to discuss a strategy to tackle an existing challenge for both businesses. During the meeting, developers researched and constructed a payment prototype enabling businesses to handle transactions and to pay both suppliers and contractors far quicker. Fast forward several months and this original prototype has […]
New analytical system combines financial and operational data together to enhance business insights. Leading corporate performance management solutions business OneStream has revealed its latest release of the OneStream XF platform. The new release includes an innovative analytic blend capability that enables businesses to efficiently combine operational and transactional data with reliable financial information already established […]
Anaplan, a global leader in connected planning recently released an enhanced platform user experience along with a new mobile application at the recent Connected Planning Xperience event in London. Incorporating an innovative design and a range of custom features, Anaplan’s new UX and mobile application will provide an intelligent, personalised experience. Improved accessibility improves planning […]
OneStream Software, a global leader in corporate performance management (CPM) solutions for mid to large businesses confirmed that approximately 75% of new customers in the last year have selected the OneStream XF Cloud solution, supported by Microsoft Azure. Customers include AFL Global, Terex Corporation and Steel Dynamics, businesses migrating from traditional on-premise finance systems to […]
In the last month, Forbes released its list of the 100 most innovative leaders in America, based on four core leadership characteristics:-perception in media for innovation, social connections, value creation, and investor expectations. The results clearly showed one significant challenge: Out of the list of 100 leaders was only one woman. Barbara Rentler, CEO of […]
Finance companies today are required to maintain high compliance levels and be capable of generating world-class services to their customers. Industry experts are now suggesting that the hybrid cloud has provided a platform for finance professionals to deliver a sustainable and profitable future. The finance market includes a number of new technologies. The rise of […]
Cybersecurity experts are constantly exploring techniques to manage new and emerging security threats. Despite a number of new and sophisticated tools, the IT security industry is well aware that a data breach can occur at any time. Security solutions utilising machine learning have become a popular option for cybersecurity, reducing time spent on detecting potential […]
Leading global digital service provider Infosys has confirmed the launch of a new platform called Innov8, accelerating digital transformation by using SAP digital solutions. Within the program, Infosys and SAP are in discussion to deliver a partnered engagement model involved Embrace from SAP and the Innov8 program. The partnership model plans to support businesses in […]
Big data business QlikTech International has relaunched its cloud-based service offering with a new Qlik Sense Business platform. Qlik is a business intelligence software specialist providing businesses the capabilities to visualize data in graphical forms and generate metrics to deliver useful insights. The main technology includes a big-data analysis system that utilizes an open application […]
A large number of businesses include a senior data specialist, such as a Chief Data Officer or Chief Analytics Officer. Gartner recently researched and discussed how the role of a chief data officer has evolved and the distinctive phases that have emerged over the last few years. Gartner believes that CDOs are facing a number […]
Safra Catz, the CEO of Oracle has stated that she believes that the future of cloud for enterprises lies with autonomous systems and Oracle is planning to integrate all of its products on one cloud infrastructure system. Autonomous systems provide the benefit of eliminating human errors and ensuring data is kept safe. At the Oracle […]
One of three of the original Hadoop distribution businesses has confirmed their plans to launch a number of big data platforms in the cloud. Arun Murthy, the chief product officer at Cloudera confirmed the business was preparing for further movement into modern technology to manage and analyse data. Cloudera has moved away from promoting themselves […]
The new platform will support businesses in developing their digital systems beyond cloud migration to generate a simplistic set of business activities driven by digital transformation. Deloitte confirmed the release of Deloitte Ascend at Oracle OpenWorld in San Francisco, explaining the product to be a ‘pre-configured digital accelerator’ developed on their cloud platform and focused […]
Data analytics has developed into an essential part of IoT solutions today. IoT connected devices rely significantly on data and their ability to gather information. From an end-user perspective it is not simply the raw data that is valued, but the actual interpretation of this information. This is where data analytics plays a vital role, […]
According to a new independent study by BitSight, 2 in 5 enterprises have lost business due to overall cybersecurity performance. The new study highlights the importance of effective security performance management in delivering enterprise success. BitSight, a company focused on security ratings released their new study assessing how executives understand and measure cybersecurity performance and […]
Businesses across the UK will soon be able to utilise a significant boost in cloud computing as Oracle and Microsoft confirmed they would launch multi-cloud capacity services to London. Leading technology players have announced that customers in London will be able to interconnect Microsoft Azure and Oracle Cloud Infrastructure for the first time as they […]
As with many other industries, technological innovation, particularly AI and machine learning are developing within finance and causing considerable changes to career options and availability. A recent US report stated that over one million bank employees would potentially lose their jobs or be moved from their position due to the rise of automation. Whilst this […]
Traditional banks today are being bombarded by a combination of innovative technology, rising customer demands, emerging competitors and new regulations. The question is whether banks are ready and willing to invest in enhancing their service offerings, utilising the new technology options available and at the same time, continuing to maintain a secure system for their […]
Anaplan has agreed on a deal valued at millions of dollars to acquire Israeli predictive analytics business Mintigo Inc. Financial media business ‘The Fly’ recently reported on the deal from last week, stating that Anaplan had confirmed the deal during its earnings conference call. Financial details of the deal haven’t been confirmed yet but the […]
Leading global analyst provider Gartner has recently confirmed the release of it’s latest Magic Quadrant for Cloud Financial Planning and Analysis Solutions. Analytics remains a vital element of new software technology, particularly within the last year. Gartner believes that automation will be the main driver for new product purchases over the next year within business […]
The development of blockchain created a string of new and innovative start-up businesses seeking ways to expand into the wider market. Recently, the world of blockchain has transformed rapidly and rather than a wave of young, innovative founders creating new blockchain solutions, it is the likes of major technology companies such as Microsoft, Amazon, and […]
For years data analytics has been regarded as a valuable tool for businesses to enhance their marketing strategies. What has become more clear in recent years is how data can be applied to multiple sections of a business and improve overall performance and management. Today, data is applied to many systems across public and private […]
Salesforce has announced the completion of its $15.7 acquisition of analytical vendor Tableau Software, forming its largest-ever acquisition to date. The deal between both companies was announced earlier in June, coming not long after Google moved to acquire data analytics business Looker for a value of $2.6 billion. In relation to the Tableau deal, […]
Implementing digital technology can create a number of challenges to financial operations. Investment business The Carlyle Group recently launched a CPM platform to support its business objectives. With the continued rise of digital technology, financial businesses and utilizing innovative systems to transform people and processes to enhance business performance through an improved and more flexible […]
MHR Analytics recently highlighted some of the key ways data is transforming the role of finance professionals and how to adapt to the future market. Data has created multiple opportunities for finance professionals but in order for finance teams to continue being seen as a value-added service, finance professionals need to continue evolving and take […]
Technology is rapidly changing how organizations do business. Finance teams, in particular, are being transformed from focusing on traditional paperwork activities to effectively automating processes such as invoicing, workflow and data analytics. Technology has created an efficient automated strategy, enabling finance teams to harness the true potential of their workforce and strengthen their contribution towards […]
Hindalco recently automated its financial systems by implementing cloud software, saving time and effort with manual tasks and at the same time, improving both results and security. Emerging regulatory controls and a progressively competitive business landscape are placing further pressures on financial leaders. Added into the mix is the growth of innovative digital technologies, greatly […]
Businesses today are actively looking to enhance their systems by integrating with new technology, reducing their expenses and simplify their internal activities. Whichever market your business may be in, all industries are trying to manage a range of demands from employees, customers and partners, adding more pressure to deliver strategic and informed decisions quicker than […]
Host Analytics has confirmed Grant Halloran as their new CEO. The news comes nearly six months after Vector Capital acquired Host Analytics and placed Ron Baden as temporary CEO. Baden has now moved into his previous role as Chief Revenue Officer. Host Analytics has announced how excited they are to have Halloran as the CEO […]
Big data is a popular trending phrase used at present, referring to the gathering of large volumes of data sets and then using this information with new technologies to make informed decisions. Industry analysts highlight, however, that technology businesses are not simply focused on big data but more broadly on data strategies. Whilst big data […]
In today’s business world there are a number of emerging trends that are impacting and influencing the digital workplace. The rise of AI and machine learning is, for many, a decisive factor that has raised engagement and empowered people. New insights enable businesses to utilise tools and applications to deliver their jobs. By following how […]
German enterprise business SAP has confirmed it is planning to expand into the Chinese market by exploring new partners within the nation. In the last year, SAP expanded its cloud solutions for businesses operating on the Alibaba Cloud platform, a section of the Chinese e-commerce leader. Within the agreement, both businesses announced they would collaborate […]
A new report created by Oracle and the WHU suggests that whilst many businesses may have invested in the right technology, they may be lacking the culture, skills and behaviour to really improve business efficiency. Research by Oracle and the Otto Beisheim School of Management have discovered that business efficiency can improve by over 60% […]
In the last week, Oracle released a new customer-focused vision for Oracle Analytics at their latest Analytics Summit. Oracle’s leading data platform, Oracle Analytics is perfectly placed to combine data, analytics and applications and support the requirements of business users, analysts and technology users. Oracle analytics provides customers with leading AI-powered analytic capabilities for preparing […]
A leading business specialising in performance management and BI integration has launched an innovative solution with BlackLine, the main provider of cloud software that automates the financial close process for businesses. The integration will enable OneCloud to support BlackLine customers with an effective way of improving the financial close process by combining the capabilities across […]
Oracle has been confirmed as a leader in Gartner’s 2019 Magic Quadrant for Cloud Core Financial Management Suites report. Oracle ERP Cloud gained recognition based on its strengths in executing and completion of its vision. This represents the third year in a row that Oracle ERP Cloud has been selected as a leader in Gartner’s […]
Syncfusion has released its latest product, the Bold BI, a detailed cloud-based business intelligence platform. The enterprise solution will provide companies of all sizes with complete access to new data insights. Bold BI will enable analysts and other users to generate innovative dashboards and also includes a detailed data integration platform to manage complex data […]
Google has confirmed it will acquire the relatively new business intelligence business, Looker for $2.6 billion and integrate it will its Google Cloud product line which may industry experts believe is a much-needed addition to their portfolio. The new deal represents Google’s third-biggest acquisition in its history. Industry experts believe it is a very smart […]
Leading provider of connected financial planning and close solutions strengthened its plans on company expansion to other global markets with the confirmation of a series of new partnerships in the UK, Australia and South Africa. The announcement included new agreements with leading EPM solution providers within each region, including RSM in the UK, Satori Group […]
Honeywell has recently confirmed the release of new software – Enterprise Performance Management for Operations Technology. Created as an effective and affordable solution to integrate, EPM will allow businesses from multiple industries to enhance the process of gathering and measuring data from their operational activity and act on the findings. Named Honeywell Forge, the new […]
Robotic Process Automation is believed to be a valuable asset to finance businesses, automating laborious and manual jobs that many professionals believe is hindering progress in the market. Many finance-focused businesses involve manual and time-consuming activities, such as data extraction, report development and process execution and fixing errors that have developed from manual activity. Robotic […]
With a complete autonomous cloud database and other cloud services, Oracle is intending to support customers with new activities, improving operations and at the same time reducing costs and risk to a business. Oracle cloud senior vice president Steve Daheb recently stated that Oracle is starting to see things at a tipping point stage, a […]
Host Analytics, a leading provider of connected financial planning and close solutions has confirmed the release of a new solution system in coordination with Blackline, a supplier of automated financial close software, enhancing and automating the end to end financial consolidation and reporting processes for many businesses. The partnership will enable finance and accounting teams […]
Data analytics has become the key determinant in predicting customer needs and behaviour. Data analytics is transforming the banking and financial services industry. The rapid rise of big data, faster computers and innovative technology in analytics has resulted in a range of new opportunities for banks and finance teams to understand past results and efficiently […]
In a recent report, Melissa Boxer, the VP of Oracle explains how Oracle Adaptive Intelligent Applications can remove the repetitive and tedious ERP and supply chain jobs from people’s work. Over the last few years, Oracle has increased its investment into implementing AI and Machine Learning capabilities within a range of their applications, in particular, […]
BI is a vital tool for finance executives supporting businesses with managing large data pools and measuring overall business performance. Todays’ chief financial officer needs to be more than just a finance executive. To really offer a strategic solution for businesses, today’s finance managers need to really embrace the benefits of applying data science to […]
Many CIOs and IT professionals are completely aware that they need to invest in artificial intelligence and other similar technologies to ensure they continue to be competitive for the future. Research shows, however, that the transition takes exceptionally longer than expected. A recent study released at the Gartner Data and Analytics Conference stated that 30% […]
The personal greeting on websites is becoming a more common tool and often is the first interaction a user has with a business and therefore can be a vital influence in understanding how customers are treated at this particular business. Quite often, it will be a chatbot or a digital assistant providing this service, rather […]
Insightsoftware, the leading financial reporting and enterprise performance manager supplier has confirmed the acquisition of Jet Global Data Technologies, a worldwide provider in reporting, analytics and budgeting tools for Microsoft Dynamics. The latest acquisition adds to Insightsoftware’s key objective to generate a diverse portfolio of leading reporting platforms, enabling businesses of all sizes efficient access […]
EPM solutions enable businesses to respond quickly to changes in revenue, managing sales or marketing pipelines and having a clearer understanding of consolidated graphics of accounts. The responsibility of financial employees has changed, to become more strategic and value-focused. Finance teams are leading the transformation of business innovation as a part of the wider digital […]
Apple and leading software business SAP are accelerating their partnership after plans to increase focus on the use of iPhone, iPad and Mac within an enterprise. The recent report by Reuters explains that both companies are partnering to support businesses in the development of applications using machine learning technology at Apple. The report suggests the […]
Teesside University has confirmed a partnership with leading data analytics provider MHR Analytics in order to support its financial and fee planning system. Financial workforce planning software, managed by IBM Planning Analytics, will be integrated to reduce time and money spent on spreadsheet-based tuition fee planning and spend more time on strategic development within each […]
Leading provider of connected financial planning and solutions, Host Analytics confirmed details of the Perform 2019 Enterprise Performance Management event. The event is to be held on May 20th-22nd in Las Vegas and will involve the collaboration and networking of nearly 1000 finance professionals worldwide. The event theme of Perform 2019 is focused on how […]
The new hub will provide a platform for Oracle customers, partners and other investors, offering a clearer understanding of emerging technologies. Leading tech company Oracle has announced the launch of its first technology and innovation hub in Saudi Arabia aimed at promoting the development of artificial intelligence, IoT and other emerging technologies within the nation. […]
AirAsia has confirmed that it will partner with Oracle to centralise and enhance its finance operations by utilising Oracle Enterprise Resource Planning (ERP) Cloud. The new developments support the affordable airline business growth plans and its goal of being the leading travel technology business in Asia. Tony Fernandes, the CEO of AirAsia Groups explains that […]
The new developments support the affordable airline business growth plans and its goal of being the leading travel technology business in Asia. Tony Fernandes, the CEO of AirAsia Groups explains that the business has supported ASEAN connectivity ever since its beginning in 2001. Over the last 18 years, Fernandes explains that AirAsia has expanded its […]
Oracle Corp. has confirmed it will be dismissing several hundred employees next month as the leading software developer attempts to restructure its existing cloud computing strategy. The announcement may represent a fraction of its expansive workforce but does include a focus number of people working within the infrastructure cloud units which are intended to generate […]
Strong growth and stock prices hitting a new IPO high are clear signs that Anaplan is proving it’s connected planning services are expanding to more businesses and helping transform the way companies make strategic decisions. Started in 2008, Anaplan offers cloud-based planning software across finance, sales, supply chain, operations and human resources. The business released […]
The head of finance at Anaplan has recently highlighted what actions should be taken by finance managers when implementing machine learning into their business. Technology has improved dramatically in recent years, with machine learning viewed as a strong market within technological change. Machine Learning has entered nearly every market worldwide and for some is a […]
Domo, a leading provider of cloud-based operating systems in business confirms it has received the 2019 Top Rate Business Intelligence award by TrustRadius. Megan Headley, the VP of Research at TrustRadius explains that Domo was awarded the Top Rated Business Intelligence Software award based specifically on customer feedback. Headley believes that customers really value the […]
At the Oracle Modern Business Experience conference in Las Vegas, Oracle confirmed a series of updates to the Oracle SaaS suite that expands its focus in finance, HR and within the supply chain. This week Oracle announced they had expanded their artificial intelligence capabilities with the Oracle ERP Cloud and Oracle Enterprise Performance Management (EPM) […]
The study claims nearly half of businesses are failing to utilise HR analytics Business intelligence and financial performance management provider, MHR Analytics believe companies are failing to really capitalise on the HR insights from artificial intelligence. In a recent YouGov survey delivered by MHR Analytics nearly half of the businesses involved showed they were failing […]
Industry experts highlight the need to embrace analytics as a powerful tool for modern enterprise performance management. Leading data management consultancy Altius has a goal to transform the potential reporting capabilities and performance management of businesses. The data management experts want companies to move away from making vital decisions based on traditional processes and replace […]
According to a new study UK research company IQBlade, Business Intelligence adoption can result in a 24% increase in sales. The market intelligence provides announced the findings in its latest Tech Impact 2019 Report which focuses on the Sunday Times Fast Track 100 businesses. The overall goal of the report is to reveal the technologies […]
Leading EPM provider, Host Analytics allows customers to improve productivity, efficiency and the number of opportunities available to a business. The cloud-based EPM solutions provider recently released a study called ‘The Total Economic Impact of Host Analytics’, delivered by independent research business, Forester Consulting. The results suggested that Host Analytics provides $1.2 million in benefits […]
The general manager for ERP/EPM SaaS at Oracle said their business has experienced 100% year on year growth within Australia. Just looking back a few years, Oracle’s SaaS customers were fairly small. Many businesses that were using Oracle SaaS were unable to afford the capital costs of having an on-site system. Today, regular users of […]
OneStream Software confirmed this week that Mindstream Analytics had become a Platinum level implementation partner, highlighting their dedication to combining with OneStream and their strategy. OneStream Software offers an innovative CPM solution that integrates and simplifies financial processes, planning, reporting, analytics and the quality of financial data. The software can be utilised in the cloud […]
Some users at Cetera were cautious of Oracle Saas platforms for ERP, EPM and HCM but have recognised the benefits of a single entry point, innovative planning and budgeting tools, along with standard Excel-based UIs. Transforming existing conventional applications to a new and smaller range of integrated tools can be a cautious exercise for many […]
Data is essential for success in the finance market. According to studies, 6 in 10 finance industry leaders believe leveraging data analytics for more insightful information and strategic decision making are top priorities for 2019. The capabilities to utilise data analytical tools and big data to create an advantage over other competitors is a significant […]
Leading developer of storage solution DataDirect Networks, along with SQream, leading developer of GPU accelerated data warehouse have confirmed a solution that enables users to deploy large scale warehouse analytics. Using a combination of both systems, the innovative solution allows end users to effectively enhance the overall performance of business queries without incurring any challenges. […]
The Enterprise Performance Management (EPM) software market is expected to experience a surge due to rising demand for enhanced strategic plans in businesses. Cloud-based EPM software provides additional benefits related to conventional EPM software, creating a more efficient and faster tool to implement, an increasing rate of innovation in businesses, reducing operational costs and supporting […]
The recent acquisition of Attunity is another clear sign of Qlik’s data management goals and will likely attract new users looking to combine big data and analytics within a single platform. The BI and data visualization business have added the Israeli integration and data management company, enhancing its competitive potential within the data management market […]
The software market has continued to evolve over recent years, offering a range of systems to support businesses worldwide. Of the many brands competing, the focus seems to be placed on Anaplan and Adaptive Insights. Both companies provide a unique service, with Adaptive Insights existing for nearly 15 years whilst Anaplan has only just recently […]
A new study by Oracle claims that long standing cultural habits and a ‘short-term’ mindset are the main barriers preventing further collaboration between finance and HR teams. The study exploring HR and Analytics includes an analysis of over 1,500 finance, HR and other business professionals worldwide. The report suggests that in order to really harness […]
UK enterprise performance management business, Copperman Consulting will combine with the Decision Inc. brand in a move to enhance its intelligent solutions offering supporting customers across the entire value chain. The recent announcement focuses on the wider plans to solidify the partnership between Decision Inc. and Copperman Consulting. The strategic integration has enabled the businesses […]
Adaptive Insights had plans to go public, but this entire process was transformed for one particular reason according to CEO Aneel Bhusri of Workday and Tom Bogan, CEO of Adaptive Insights. Adaptive Insights had solid plans to go public, working its way around the nation promoting its public offering plans. This, however, was not to […]
UK business Bedford Consulting has been selected as the EMEA Regional Partner of the Year by Anaplan, leading provider of software solutions for multiple companies including corporate performance management and operations. With its headquarters in the US, Anaplan has in excess of 1,000 global customers. As is the case with other vendors, Anaplan has a […]
SAP has confirmed the S/4HANA 1902 is now available. The update includes a series of new improvements to general functionality over the existing S/4HANA. Sven Denecken, the Senior Vice President of product management and co-innovation at SAP explains the top features associated with the new release: -Finance: S4/HANA will offer new functions that enable businesses […]
Oracle Financial Services Global Business Unit along with the RPA vendor, Blue Prism have confirmed a collaborative project to tackle fraud by creating a compliance platform to automate compliance tasks for financial teams. Fraud detection has always been a challenge for finance teams and traditionally involved financial institutions hiring more professionals to tackle the issue. […]
Technological innovation is transforming how finance professionals successfully operate within their business, creating enhanced information about how to improve the overall performance of finance teams. The data insights collected from real-time data presented via modern user-friendly platforms is enabling CFO’s and their supporting finance teams to make critical business decisions that can really transform business […]
The recent fine received by Google from France in regards to GDPR is a clear reminder to the big data and analytics market. With another case involving a leading business showing the potential implications, businesses will need to focus further past consent and be capable of clearly showing they are allowed to utilise analytics and […]
Leading global data analytics provider Qlik has confirmed the acquisition of CrunchBot AI-driven analytics bot as well as Crunch Data’s team of artificial intelligence and solution focused professionals. Qlik announced the deal explaining that the acquisition will extend their current augment intelligence and cognitive potential by creating additional conversational analytics, enhancing its existing platform and […]
Big data analytics is continuing to be a rapidly progressing industry with no indication of slowing down. According to data provided by ResearchandMarkets.com, the global data analytics market is expected to reach a value of over $40 billion by 2023, with a combined annual growth rate of just under 30% from 2017 until 2023. The […]
Host Analytics, a leading provider of cloud-based EPM solutions has confirmed an agreement to be acquired by a major private equity firm, Vector Capital. The business focuses on transformational investments across technology companies. Within the agreement, StarVest Partners, the biggest shareholder in Host Analytics will remain a major investor in the business. Dave Kellogg, the chief […]
Vena Solution has recently announced it has raised $115 million in funding managed by the business JMI Equity. Its current investor, Centana Growth Partners was also a participant in the latest funding round, reinvesting again after managing the previous funding round in 2016. This is one of the four major events in the industry over […]
Throughout 2018 Qlik continued to accelerate its focus in analytics and business intelligence by delivering innovative AI, enhancing the potential of the Qlik platform for all its users. In November 2018, Qlik released its Qlik Sense product, introducing new machine learning systems into its cognitive engine and platform. The machine learning system enables the Qlik […]
Data analytics is transforming many parts of a business, with both small and large companies finding the benefits of implementing analytical systems into their organisation. Recent research suggests that 2.5 quintillion bytes of data are produced every single data and businesses form a large portion of this figure. If companies have the capabilities to utilise this […]
After the recent Oracle OpenWorld conference in San Francisco, the business has progressed with its new Exadata project. The Exadata project intends to make it considerably simpler for enterprises to handle data without requiring the need to manage dozens of servers, varied networks and a range of storage options. The ultimate goal of the project […]
Recent findings from the TDWI Best Practices report, BI and Analytics in the Age of AI and Big Data suggest that over 80% of enterprises are focusing significantly on analytics and BI as a major part of their budget for new technology and cloud-based systems. The report also suggests that over 50% of businesses believe […]
Real-time data analytics provides the potential to transform how professionals businesses operate. Rather than manually collaborating information based on past events, professional groups can use real-time analytics to generate insights on what is happening exactly now. Real-time decision making is critical for managing resources, controlling profit margins, projects and most importantly improving customer experience. Codex […]
Insightsoftware is focusing on client relationships and implementing new technology to enhance the reporting demands of finance departments. Reporting and Enterprise Performance Management platform Insightsoftware is pushing further into the competitive enterprise EPM market after announcing the recent acquisition of CXO Software, a highly regarded web-based reporting platform. Industry analysts believe it is a clever […]
According to recent survey findings from Infosys, creating innovative business models to enhance revenue and overall profits should be considered the main priorities for data analytics. The report highlights the importance and benefits of data analytics. Many businesses are not implementing new technology to improve customer experience and control potential risks and inevitably progressive technology […]
In the last week, Anaplan released their financial results for its fiscal third quarter ending on the 31st October 2018. Frank Calderoni, the chief executive officer at Anaplan highlighted that for their first quarter as a public company, they are very happy with the results and that it clearly shows Anaplan is a leader within […]
Market leader EY recently released a report highlighting that as financial businesses move towards digital they need to transform their risk management processes. EY explains that determining business outcomes such as company profits are becoming difficult to control, particularly with pressure from governments, regulators and other stakeholder groups. Digital risk management is now an essential […]
The latest financial industry report by Deloitte referred to as the ‘Crunch Time V Finance 2025’ report investigates the digital transformation of the finance industry. Deloitte explains that technologies applicable to the finance sector are available and are continuing to progress. There is a range of real-time case studies of new digital technology being applied […]
Implementing a new finance system is a common module of the overall process of Enterprise Resource Planning (ERP). An ERP system connects a business and provides the platform for a management team to understand the processes with customers, suppliers and their employees. Implementing a finance system can support the company by enhancing the management of their […]
Despite a fairly disruptive week of trading for the technology market, Anaplan saw a significant surge after joining the stock market at the end of last week. Shares for Anaplan increased by over 30% to around $24 by the end of their first day of trading, providing a market value of nearly $3 billion. Anaplan […]
OneStream has experienced a 189% growth in software sales, driven by the acquisition of new enterprise customers and enhanced cloud adoption. Following on from its strong progress in 2017, OneStream Software, a market leader in Corporate Performance Management solutions for medium and large businesses recorded a significant increase in software revenue for the first period […]
What is the Oracle OpenWorld 2018 Event? Leading CEOs and industry representatives will be attending the Oracle OpenWorld 2018 in San Francisco next week. Attendees at the 2017 Oracle OpenWorld event For years Oracle’s community hub of technology and business professional have collaborated at the Oracle OpenWorld to discuss and solve challenges, learn about innovative […]
At the start of your career both of these options will provide you a good and challenging opportunity. But as you develop your career you may find that one avenue is more suited to the type of work that you prefer to be involved in. Your choice may be influenced by a number of factors […]
While the UK economy, particularly in the finance and IT sectors is booming, the same can’t be said for some of the other EU countries such as Spain and Italy. In these countries professionals are finding opportunities limited and are increasingly looking to the UK to develop their career potential. While the opportunity may be […]
Sometimes just getting an interview opportunity takes a lot of hard work both on the part of you and the agency putting you forward. An interview is your opportunity to really sell yourself and show off your best side, so the last thing you want is say or do something that’ll ruin your chances.
One of the primary reasons that many people consider moving to the UK is because of the better earning potential. However, there is also the higher cost of living to consider if you plan to work in London. Compared to Mediterranean countries such as Spain and Italy the variance is significant. However, for Northern European […]
In working with many different people wanting to relocate to the UK, I have found that it is often possible to tell, right at the beginning of the process, who will be successful. It is not just about the right opportunities being available at the right time, but rather their approach to the process that […]
Just because English is not your first language does not necessarily mean that job opportunities in the UK are beyond your reach. If you are motivated and willing to learn or even just polish your language skills you could find yourself with multiple job opportunities to choose from in the UK.
Dear EPM professional looking to take your career to the next level. This report is designed to give you an overview on why you as an EPM professional should consider relocation to the UK to help progress you career in an international environment.
Dear EPM professional looking to take your career to the next level. This report is designed to give you an overview on why you as an EPM professional should consider relocation to the UK to help progress you career in an international environment. I’m Mike! If we have not already spoken, I have been working […]
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