Finance teams are no strangers to pressure. But now more than ever, challenges from both outside and inside organizations are testing your resiliency. Inflation, economic uncertainty, and swiftly-changing regulations significantly impact finance professionals. Every organization has roadblocks like budgetary restraints, data limitations, and clunky, manual processes.

Unlocking the full potential of your SAP solution requires the complete trust of your data. Without trust, users will second guess any insights, stalling business progress. Research has pinpointed three key pain points that companies encounter with their SAP data: a prevailing sense of data distrust, a lack of maintenance and data cleansing, and a shortage of skilled users. These pain points not only impede progress but also pose significant roadblocks to migrating to S/4HANA, the future of SAP.

In today’s fast-paced market, data has become the lifeblood of decision-making. For application teams and users, having access to insightful and actionable data is not just a luxury; it’s a necessity. And now, the proliferation of AI in embedded analytics, like Logi Symphony’s new ChatGPT integration, is revolutionizing the way application teams and users interact with data, increasing efficiency and reducing the technical skills required to generate valuable insights.

In a rapidly evolving business environment, timely insights from data and the ability to react quickly to change are critical. Business intelligence is a key tool, empowering companies to get the most out of their data by providing tools to analyze information, streamline operations, track performance, and inform decision-making. Power BI can generate easy-to-read visualizations that help stakeholders perform key analysis.

Companies are now making a decisive shift from traditional on-premises Oracle software to Oracle’s cutting-edge cloud solutions. In fact, a recent Gartner report on cloud expenditure found that cross-industry cloud spend has risen from 8% as a percentage of total IT spend in 2018 to 16% in 2022. Worldwide spending on public cloud services is expected to grow by 21.7% in 2023.

Financial professionals encounter periods of high activity throughout the year. Whether you serve as a CFO, specialize in taxation, or contribute to the team responsible for closing financial records and generating year-end reports, any time can become crunch time. These intervals demand long hours at the office (or working evenings from your home office) as you diligently tackle the extensive list of tasks that require immediate attention.

In this modern, turbulent market, predictive analytics has become a key feature for analytics software customers. Predictive analytics refers to the use of historical data, machine learning, and artificial intelligence to predict what will happen in the future. This ability to analyze and predict future scenarios sets certain applications apart from the pack, offering application teams significant advantage in a competitive market.