Data strategy for Finance
How to think end-to-end about data for more efficient and accurate accounting, reporting and planning Finance is in most instances, a consumer of data produced in other parts of the organisation. The data used ‘within’ Finance is usually created in the transaction processing and accounting systems which record events initiated in business units and markets. While an insights or AI strategy for Finance is important, a solid data foundation is fundamental if these strategies are to succeed in powering insights or artificial intelligence (AI).
If Finance teams are looking to improve their processes, addressing data is an imperative and data quality, definitions and automating pipelines are priorities.
Thea Caminada, Director Consulting
How we can help
Deloitte can help guide you as you set up the required organisation, processes and governance. Our Insight Driven Organisation framework helps align information and insight needs with business outcomes and objectives, and uses proven methods, approaches, questionnaires and maturity models. It provides you with a quick start to manage your data and analytics needs. We can also help you with the framework you need to successfully manage your data.
