Provide users with real-time data with data visualization

The digitalization of companies impacts the finance function. The question of data availability is a major issue for companies. Indeed, decisions must be informed by reliable and updated information in real time. Data visualization is an effective way of combating the fragmentation of information in different departments and subsidiaries, and of cross-referencing data. It is now a tool for governance.

Generate dynamic dashboards and charts with data visualization

The large volume of data to be processed in the various departments is sometimes a source of errors and inaccuracies. Data visualization tools, for their part, offer real-time data, making it possible to refine analyses and visualize evolutions and trends:

• Correctly supplied with information, they generate user-friendly, dynamic dashboards and graphs, tailored to the expectations of internal customers.
• They provide a snapshot of the current situation. Deviations from forecasts and objectives are immediately visible;
• By using filters, finance analysts can isolate the data of interest to them, in particular by selecting subsidiaries, products, business sectors, etc.

The media published through data visualization make complex data accessible by using graphic and visual tools that facilitate understanding and refocus attention on the essential information. This way, any unusual trends can be quickly identified.

Data visualization allows you to offer comprehensive reports, composed of granular information

Producing numerous reports for a company’s management bodies is a tedious and time-consuming task, involving Excel spreadsheets and PowerPoint presentations with dynamic graphics.

With the automation of budgetary procedures, data visualization tools considerably facilitate the production of intuitive reports that can be easily used by management teams. They call into question the traditional form of reporting, since operational departments (purchasing, sales, etc.) now have real-time information highlighting changes in demand and the state of the market.

The reports provide granular information on the company’s financial resource planning, customer relationship management, order volume or market development. Data visualization therefore plays an important role in decision-making and governance.

It is also a relevant tool when it comes to monitoring the performance of a particular entity (division, subsidiary, country, etc.). Isolated results can be used to make precise adjustments and optimization scenarios, dedicated to a specific entity.

Finally, data visualization can often be used to identify potential threats and is an essential tool for risk prevention and management.

Seamlessly combine information from multiple data sources

Using an analytical approach, data visualization offers remarkable capabilities for dynamically cross-referencing information.

On a single screen, operational managers have access to a precise, easy-to-use dashboard that links the initial objectives, the actions taken to achieve them, and the results actually achieved.

A powerful and agile data visualization tool is able to access different databases and import a large number of files. The large volume of data collected does not affect performance. For this reason, such a tool is a means of considerably speeding up and simplifying data processing.

By combining several sources of data, he is able to extract clear information that will guide subsequent decisions.

The combination and comparison of data also has the advantage of allowing the rapid identification of any anomalies. Investing in a data visualization tool has become essential for companies today. In order to exploit the full potential of data visualization, the CFO will have to democratize access to data. All the actors concerned will thus be able to benefit from reliable and updated information in real time. However, he will ensure that each manager has access only to the data he or she needs.

Otherwise, the information flows risk becoming uncontrolled and uncontrollable. Where necessary, the CFO will enlist the help of IT analysts and executives chosen for their level of expertise in the field of finance.

Our Sqorus BI & Analytics experts will work with you to develop management tools adapted to your business challenges, from the choice of the solution to the development of reports.

SQORUS supports its key account customers in digitizing their finance functions. With a functional and technical expertise of the main solutions of the market dedicated to the finance business, we implement and accompany our customers in all phases of their projects. Thanks to consultants certified on solutions such as Oracle, Netsuite, PeopleSoft, Kyriba or Axway, Sqorus is the preferred integrator of financial solutions on the market.

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