Remove Auditing Remove Data Analysis Remove Financial Data
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AI in the finance function

Future CFO

Robert E Parker "As we look forward to the developments in AI, finance leaders will be in a better position to uncover hidden opportunities and risks and step beyond using structured financial data by utilising data from across organisational silos enhanced with data from outside the organisation."

Finance 98
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How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

Lack of Security Features Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financial data. Without separation of duties or an audit that can track who has had access to the data, fraud can occur.

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2024 predictions for finance: From virtual payments to business travel (part 1)

Future CFO

Exceptions will trigger AI-driven, automated audits to ensure compliance. Embracing AI, automation, and data analysis will help finance teams bring more strategy to the organisational table and find a greater sense of confidence amid the uncertainty.

SAP 52
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Tailoring ESG approaches in finance

Future CFO

The next measure, according to Wood, is on fostering collaboration among teams involved in data management and compliance efforts promotes accountability and transparency in data handling, leading to more robust data protection measures.

Finance 40
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Quickbooks Integrations for Better Connectivity and Reporting

The Finance Weekly

All from within Excel, Connect equips users to import live data from all ERP systems, effortlessly construct reports, and access all ERP data from your spreadsheets. Key Features Datarails Connect offers AI-powered financial data analysis within Excel, providing real-time insights and easing IT burdens.

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How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financial data. Without separation of duties or an audit that can track who has had access to the data, fraud can occur.

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

Disadvantages of Excel for Financial Forecasting While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business. Limited Visibility To conduct financial data analysis, your business needs to test various hypothetical scenarios.