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6 Ways IT Can Improve Financial Agility

  • 6 Ways IT Can Improve Financial Agility-

    Encourage Greater Transparency

    The growth of data allows finance professionals greater transparency into the data that they use to make their business decisions. IT’s role in this process is to use technology to unlock valuable systems of insight, in order to produce more accurate and balanced financial forecasts. 

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6 Ways IT Can Improve Financial Agility

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  • 6 Ways IT Can Improve Financial Agility-3

    Encourage Greater Transparency

    The growth of data allows finance professionals greater transparency into the data that they use to make their business decisions. IT’s role in this process is to use technology to unlock valuable systems of insight, in order to produce more accurate and balanced financial forecasts. 

As the finance function becomes increasingly dependent on automation and analytics, finance and IT are more connected than ever before. But these connections don’t come without challenges. According to a recent study of finance professionals, many in finance are unable to streamline processes and achieve success as a result of the failing tools at their disposal. The failure isn’t a breakdown in innovation – it’s the speed of change. The rate at which technologies are being adopted is much slower than the rate of new innovation.

This breakdown in adoption places an increasing pressure on IT to support a business-critical function. IT must work with finance to improve agility and drive additional business value.

In this slideshow, SAP S/4 HANA Finance has identified six ways IT can improve financial agility and decision making.