FASB studies AI use in financial data analysis
CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
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CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
Private Funds CFO
MARCH 31, 2022
Continuing our list, we examine real-time data analysis, predictive analytics, Zoom fundraising, daily reporting and automated waterfalls.
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From Start to Scale: Driving Growth Through Seamless Payments Implementation
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Future CFO
DECEMBER 29, 2024
The finance function must adapt to digital disruption, integrating automation and real-time data analysis to enhance decision-making processes. This includes real-time data analysis, which allows finance leaders to respond swiftly to market changes and identify growth opportunities.
From Start to Scale: Driving Growth Through Seamless Payments Implementation
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Future CFO
AUGUST 14, 2022
The study was designed to update understanding of market practice for the assurance of ESG or sustainability information globally, having reviewed 1400 companies across 22 jurisdictions.
CFO Selections
MARCH 4, 2024
The “branches” off each decision alternative that result use data analysis to forecast the most likely outcome of each decision. Basically, it is a visual version of an “if this then that” statement across all possible alternatives.
Barry Ritholtz
NOVEMBER 29, 2024
Some sleuthing uncovered the fact Ohanian had inappropriately relied on data that was not seasonally adjusted. Once again, Ohanian is back with another egregious data analysis error. Inappropriately mixing data from one BLS Payroll survey with data from another BLS Empoloyment survey is a cardinal sin of BLS data analysis.
Future CFO
MARCH 22, 2022
With intelligent automation and augmented analytics, Soneva can largely eradicate manual, tedious processes, and instead focus time and resources on strategic value-adding tasks such as data analysis and smarter, insight-driven business decisions, Workday added.
Jedox Finance
SEPTEMBER 29, 2021
Unified tools and processes reduce data silos, decrease a risk of potential misalignment, and support better long-term business performance. Discover how a full xP&A solution can support a variety of planning methods and needs, forecasting, and allowing different types of data analysis.
Jedox Finance
APRIL 8, 2021
It also needs to be based on insights from data. Effective decision-making must be based on data analysis, decisions (planning) and the execution and evaluation of the decisions and its impact (forecasting). Good decision making should involve more than just a good artistic sense and strong intuition. an approved budget).
Barry Ritholtz
JANUARY 20, 2025
Whether it was shoddy data analysis or a deliberate attempt to misinform, I found it offensive and brought the receipts as to the fundamental errors in the economic analysis. @TBPInvictus here: Last year finished with a flourish.
Centage
MAY 10, 2022
Planning Maestro offers the sophisticated features needed by small and mid-market organizations to integrate budgeting, forecasting, and deep data analysis within one easy-to-use, scalable SaaS solution. Bring SaaS to Your Budgeting & Planning. Watch Demo.
Future CFO
AUGUST 13, 2024
Real-time analytics Real-time analytics enables organisations to monitor transactions and user behaviour instantaneously, facilitating swift fraud detection and prevention through effective data analysis and machine learning techniques.
CFO Thought Leader
DECEMBER 24, 2024
He advocates for a streamlined dashboard approach to data analysis, using their BI system “big brain” to monitor four product lines. Glazer also highlights the role of technology in automating work processes, enhancing productivity, and reducing manual tasks.
Future CFO
OCTOBER 2, 2024
Implementation across functions At the forefront of AI adoption, ACCA says data analysis and reporting emerges as the clear leader. In the audit space, AI offers enhanced capabilities for data analysis – enabling auditors to process information and identify outliers or anomalies more efficiently.
Barry Ritholtz
JANUARY 20, 2025
Whether it was shoddy data analysis or a deliberate attempt to misinform, I found it offensive and brought the receipts as to the fundamental errors in the economic analysis. @TBPInvictus here: Last year finished with a flourish.
PYMNTS
SEPTEMBER 30, 2019
However, data analysis can help change that. As he spoke with Webster, Talaga argued for the greater use of data-analysis models that enable hospitals to better determine the repayment capabilities of specific patients. That has a major downstream impact,” Talaga said.
PYMNTS
JANUARY 20, 2021
“Our goal is to provide technical and auto-billing management services for 100 million micro-business online stores in China through big data analytics, machine learning mechanisms, social network recommendations and multi-channel data analysis,” the company said in its filing.
CFO Leadership
MAY 31, 2023
Data analysis and leadership were ranked by CFOs as the most important skills for new team members, outpacing more traditional competencies like accounting and project management. Inflation moved down to the third-ranked impact, tied with the US regulatory environment at 13%.
PYMNTS
OCTOBER 15, 2020
Extend’s data analysis can also track which servicers repair broken items correctly the first time, as well as specific customer insights as to why a particular product might have malfunctioned.
PYMNTS
AUGUST 10, 2020
This means leveraging data analysis to match consumers with the payment methods they are most likely to use, and then providing them with both those payment options and interesting content. Offering local payment methods is part of the drive to provide customers with the payment methods they prefer.
Centage
SEPTEMBER 14, 2021
It replaces static spreadsheets with a cloud-based financial tool that gives role-based access to data in real time. Planning Maestro allows you to access historical, current, and future budget and forecast data in one place, with advanced features for data analysis and projections.
Future CFO
AUGUST 7, 2024
Ho notes that CFOs, with their wider lens, can lead a team to draw insights from data to address specific strategic needs. There is a clear distinction between data analysis for analysis sake (e.g.
Jedox Finance
NOVEMBER 19, 2020
The improvement in data quality follows with 53%. This finding is in line with what US-based FP&A expert Brian Kalish recently stated in his guest blog on data analysis : Data is abundant. Now it’s a matter of making it usable and analyzing it for added value. New instruments for financial management.
PYMNTS
OCTOBER 19, 2018
Standard Chartered also recently announced an initiative with Huawei to deploy Internet of Things (IoT) technology for enhanced supply chain data analysis in an effort to strengthen its trade finance offering. Reuters compared the network’s governance model to that of SWIFT ‘s, which standardizes connectivity.
Centage
OCTOBER 3, 2022
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.
VCFO
JULY 8, 2022
Workplan analysis is led by a senior CFO or CHRO professional with deep experience in applying the tool and a full understanding of the concerns, questions, and decisions that need to be weighed. The process itself is comprised of three steps: data collection, data analysis and visualization, and findings review.
Cube Software
JUNE 4, 2024
The software offers a spreadsheet-style interface for analyzing financial data and organizing information. The software allows for easier cash flow management, balance sheets, and income statements, and offers data analysis tools.
Fpanda Club
FEBRUARY 5, 2024
Among those who rest, 20% are data overloaded because of poor data governance and several conflicting data sources, 25% can’t get the data they need and over 30% don’t possess technology, tools, or resources to exploit the data they have. These are the basic that should be in place and in good standing.
Jedox Finance
JANUARY 23, 2020
EPM bridges the gap between these different planning silos and supports planning, analysis and reporting of business results, KPIs and more. Collection of organization-wide financial and non-financial data. Analysis and calculation of major KPIs. We can look at this as a process: . Target setting for select business drivers.
Global Finance
OCTOBER 7, 2024
Tanganelli: AI has the potential to revolutionize finance by enhancing data analysis, improving forecasting accuracy and automating routine tasks. I see AI evolving to become an important part of the decision-making processes, providing deeper insights and enabling more strategic, data-driven decisions.
PYMNTS
SEPTEMBER 17, 2019
The hallmark of the DataVisor approach is our holistic approach to data analysis using sophisticated feature engineering and machine learning. In fact, the DataVisor GIN is powered by derived signals from more than 4.2
Embark With Us
JANUARY 19, 2022
Put another way, with Alteryx involved, information from disparate data sources can flow into your chart of accounts or general ledger without the manual heavy-lifting that's traditionally plagued accounting functions. And don't forget about the advantages such data integrity and immediate data analysis can have on your decision-making.
PYMNTS
JANUARY 2, 2020
The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. We are a professional services firm, but technology is core to our future.”.
Lime Light
JANUARY 20, 2022
Data analysis is one of the most challenging parts of any profession. It is not just a technical or a mathematical problem, it is a process that requires creativity and the ability to see beneath the data to uncover real insights. Time to read: 2 ½ Minutes.
Centage
JULY 19, 2022
With Planning Maestro , Centage offers the sophisticated features needed by small and mid-market organizations to integrate budgeting , forecasting , and deep data analysis within one easy-to-use, scalable SaaS solution.
PYMNTS
NOVEMBER 16, 2020
Accounting firms, including PwC, EY , Deloitte and KPMG , have been working to invest in artificial intelligence , going beyond just automating processes and addressing things like entrenched AI work, data analysis and tech training for any employee.
PYMNTS
DECEMBER 16, 2020
Because car dealers aren’t data experts, artificial intelligence (AI) solutions provided by automotive-specific suppliers can be used for more in-depth data analysis,” Wards said, pointing to the use of tech to automatically capture such dealer-specific elements as market demand, vehicle supply, sales history and competition.
Future CFO
JANUARY 2, 2025
Chief financial officers should be focusing on managing financial risks to bring in strategic growth initiatives, compelling them to embrace innovative solutions amid the shifts and changes in the market.
Future CFO
APRIL 3, 2023
Using machine learning and artificial intelligence (AI) for forecasting and predictive analysis is the next frontier for companies, where efficiency gains from RPA can help create more time for higher-value work such as AI-enabled data analysis and forecasting.
Future CFO
OCTOBER 21, 2021
Executives indicated that automating the following functions are providing the greatest benefits, Kofax noted. appeared first on FutureCFO.
Spreadym
OCTOBER 3, 2023
Data Analysis: They use data analytics tools and techniques to extract insights from financial data, providing valuable information to support strategic decisions. This includes building pro forma financial statements, forecasting cash flows, and scenario analysis.
PYMNTS
AUGUST 8, 2020
This means leveraging data analysis to match consumers with the payment methods they are most likely to use and then providing them with both those payment options and interesting content. Offering local payment methods is part of the drive to provide customers with the payment methods they prefer.
Future CFO
JULY 17, 2023
Global corporate treasury leaders can serve as particularly essential strategic advisers right now— if they can harness the right data, analysis, and technology strategy to navigate choppy market conditions.
Centage
MAY 3, 2022
With Planning Maestro , Centage offers the sophisticated features needed by small and mid-market organizations to integrate budgeting , forecasting , and deep data analysis within one easy-to-use, scalable SaaS solution.
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