Analytics in Action: Finance
With the rise of analytics, in many organizations Finance is expanding its role and providing increasing value in other functional areas. For many, Finance has become the enabler of analytics and decision support. The reasons are simple: Finance data is rapidly being deployed outside its traditional scope. Further, as the economy evolves, Finance is looking for ways to deliver greater value as a business function, as it often overlaps with analytics in other business areas. Finance also has an ability to apply analytics above and beyond traditional delivery channels.
Finance is leading the way in expanding analytics activities into areas that grow revenue and improve margins in their organization. In addition to core analytics activities like revenue management, tax analysis and investor relations, Finance has demonstrated the ability to bring cross functional information together to drive value for other business functions such as sales, marketing, procurement, and even IT. Moreover, Finance can bring previously unrealized value and growth potential to the organization through “Finance-owned” analytics activities such as model based forecasting, advanced fraud detection, and capital portfolio optimization.
Some organizations understand financial management. Others know analytics. At Deloitte, we’ve combined them in our Finance Analytics practice to help our clients in their efforts to manage their financial resources, continuously safeguard their reputations, and to preserve—and increase—shareholder value. We bring an industry-focused approach to our clients’ needs, and are able to tap the full experience of our organization to deliver the value from finance analytics that our clients expect.
Meet the leader
|Meet Miles Ewing
Principal, Deloitte Consulting LLP and Integrated Performance Management Leader.
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