6AUGUST 2021Managing EditorSarah DawsonAaron Pierce Ann Bennis Antony MosesVisualizerSalesSarah DawsonManaging Editoreditor@cfotechoutlook.comRichard Watsonrichard@cfotechoutlook.comEditor's NoteEditorial StaffAva GarciaJoshua Parker Paul BarberVictor Cruz Copyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com AUGUST - 2021, Vol - 07, Issue - 06 (ISSN 2644 - 2841)Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Chief financial officers (CFOs) have long been leveraging data analytics to manage the financial operations of their business. However, changing markets coupled with rising expectations from boards and executive management call for newer and more strategic approaches to analyzing financial data. CFOs are increasingly exploring advanced financial analytics solutions to not only improve decision-making but also fuel their company's resiliency and performance.Balancing accuracy and data availability for decision-making has become a new muscle for most finance teams. CFOs are transitioning to a centralized data governance model to optimize data for decision-readiness. Centralization of financial analytics, governed by the finance center of excellence (FCOE), helps CFOs reduce costs while improving analytical insight. Additionally, forward-thinking organizations are improving their analytical insights by integrating operational data from CRM, HCM, ERP, and other sources with their financial data to gain actionable insights into their business. As reporting is expanding to integrate financial as well as non-financial data, CFOs are looking for technologies that deliver on-demand reporting. Advanced analytics, in combination with data visualization tools, holds tremendous potential in improving data modeling capabilities and delivering relevant insights through future-state reports. Besides, predictive analytics encompassing an array of statistical techniques is gaining traction as it analyzes current and historical financial data to make predictions about the future. On the other hand, embedded analytics is also growing in popularity as it makes financial data analysis and business intelligence more accessible to finance teams. A myriad of financial analytics solution providers in the market offers the newest, innovative, and state-of-the-art solutions for companies. To help leaders navigate through the list of promising financial analytics solution providers, our panel comprising CEOs, CIOs, VCs, industry analysts, and the editorial board of CFO Tech Outlook presents to you the top companies in this landscape. We took a deep dive into the market trends to narrow down the list of companies delivering robust financial analytics solutions. Equipped with innovative technological capabilities, these enlisted solution providers transform businesses at the cloverleaf of various disruptive technologies. We hope this issue of CFO Tech Outlook helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts! Optimizing Financial Decision-Making
< Page 5 | Page 7 >