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Consolidated Data Fosters a Collaborative Budgeting and Planning Process

Insight Software

An effective budgeting and planning (B&P) process has always been a team sport for finance departments and their stakeholders. This shift towards strategic planning adds a new layer of complexity to the collaborative nature of budgeting. This collective knowledge leads to more realistic and well-rounded plans.

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The role of strategic finance in modern business

Phocas

Strategic finance is the new financial business partnering approach or as many accountants know it is aligning financial goals with the overall strategy of your organization. The concept has been around for awhile but it has been difficult to achieve.

Finance 52
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Gathering Data Can Be Vital for Your Personalized Financial Plan

Smart Data Collective

Big data has had a profound impact on the finance industry. In simple terms, gathering data is a process where you collect all your personal documents and financial statements to serve as the foundation for a personalized financial plan. However, the impact on personal finance is a bit different.

Planning 225
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How To Use Big Data As Part Of Your Investment Planning

Smart Data Collective

Another major benefit of big data is that it can help with investment planning. Earlier this year, we covered a post on some of the biggest benefits of using financial analytics to streamline financial processes. Keep […]

Big Data 246
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Here’s How AI-backed Insurance Plans Make Your Life Easy

Smart Data Collective

These new-age AI-backed insurance plans are making the consumers’ lives simpler and better, which has resulted in a stronger competitive advantage for insurance companies using it. What’s better than having all your essential finance-related documents and details in your hand at all times? Flexibility When Choosing Plans.

Planning 263
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6 Reasons to Boost Data Security Plan in the Age of Big Data

Smart Data Collective

From healthcare to finance and from social media to education, big data is transforming how we interact with the world around us. This is your sign to look at your organization’s data security plan and see if there are holes and gaps that need to be filled. Businesses need to bolster their data security as a result.

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Top 5 Trends Impacting Finance Teams in 2024

Insight Software

2024 is set to be a fascinating year in the finance space with advancements that help organizations continue to do more with stretched resources and continued staffing shortages. And it can’t come a moment too soon–nearly three-quarters of finance decision-makers (70%) feel pressure from market factors like inflation and economic disruption.

Finance 52