'The main attention point is to streamline information as best as possible, according to the needs. CFOs need a dynamic dashboard that shows them in which domains they need to take action.’
Xavier Gabriëls, Head Financial Management
In today's digital age, the sheer volume of data available is increasing exponentially. A digital CFO is one who can go beyond this to turn data from insights into value. New data management technologies are giving CFOs access to real-time insights, allowing for better and more efficient decision-making, one that is based on data as opposed to intuition. Leveraging these capabilities to extract insights can help elevate CFOs' involvement in strategic investment choices and business partnering.
Management needs to know how business is going in order to manage operation. Reporting & Analysis describes the process of combining and displaying/distributing periodic business results for analysis —these results are made available to management to validate strategy, measure performance and guide business decision making.
Dashboards & KPI’s enable an organization to manage data and turn it into insightful, relevant and timely information which is relied on to drive action-oriented decision making. The reporting needs to be forward-looking and have the ability to formulate strategy, understand scenarios and use information related to both the past and the future to derive actionable insight.
KPMG can assist you with the following: