Trésorier/Treasurer magazine - N°91 - Oct/Nov/Dec 2015 - (Page 31)

FORUM ONLINE WWW VERSION Analytics can be a foundational element of business transformation by challenging conventional wisdom about what we think is true. What top performing Finance and Treasury functions do differently? The wide expansion of business intelligence solutions allowed automation and enhancement of the financial reporting and controlling processes. This, in turn, allowed Finance functions to transform from report producing entities to a strategic business partners providing invaluable business insights via analytics. The "Partnering for performance" series, which looks at how CFOs can partner with the leaders of other internal functions to drive organizational performance, points in 2014 that 26% of CFOs identified economic uncertainty as a major challenge for their organization. Moreover, 60% of CFOs feel that it is a top priority to improve their decision analytics capabilities. - OCT N°91 - LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE Why analytics is in Top 10 list of corporate priorities? The dramatic increase in the amount of data and information that organizations need to consider is intimidating. Explosive growth of mobile devices (1 billion smart phones by 2015), social media and machine sensors is generating data that didn't exist a few years ago. Indeed, 90% of world's data have been created in the last two years alone. For business leaders, information is power - when used to take better, quicker and smarter decisions that improve business performance and risk management. Data analytics is the extensive management and use of data, statistical and quantitative analysis, explanatory and predictive models and fact-based management to improve business performance, drive better business decisions and proactively manage risk. Analytics involve comprehensive and deep-dive data analysis of large volumes of historical and actual data collected from multiple sources that potentially could provide invaluable business insights. Analytics as a business discipline has existed for decades. Its application and acceptance have increased recently because of the pace and scale at which data is accumulating from so many sources, the speed of access, rapidly reducing storage costs, and the sophistication of enabling tools and technology. These advances have led to the promise of better business decisions backed by the science of analytics. Analytics now sits at the top of the business agenda for many leading organizations looking for new ways to create competitive advantage. Observers see the analytics market growing from US$5b in 2012 to US$50b in 2017 across all sub segments of the market - software and hardware; data capture, storage and management; analysis and reporting; process design and business model innovation. Analytics can be a foundational element of business transformation by challenging conventional wisdom about what we think is true. Increasing competition, cost and regulatory pressures are motivating business leaders to apply analytics derived insights to key business operations. Intuitive decision-making is diminishing as companies embed analytics into all processes. / NOV / DEC 2015 Using analytics to cope with uncertainty and volatility for treasury How analytics enables managers to make decisions based on evidence rather than intuition. 31

Table of Contents for the Digital Edition of Trésorier/Treasurer magazine - N°91 - Oct/Nov/Dec 2015

Cover
Table of contents
EDITORIAL
FINANCIAL HIGHLIGHTS Luxembourg Tax News
INTERVIEW Ben Poole Editorial Services
FOCUS
To What Extent Should Treasurers’ Activities be further centralized?
Capital Markets Union (CMU)
Upsurge in fraud
FORUM
CEO impersonation
Using analytics to cope with uncertainty and volatility for treasury
IFRS 9 : Nécessite d’une reorganisation bancaire majeure
Taux zéro : de nouvelles stratégies pour un nouveau monde
Investing surplus cash in repos
Warranty & indemnity insurance
CORPORATE FINANCE
Making the switch from Excel to a Treasury System
Corporate treasury in the digital age
Fini le casse-tête des paiements internationaux pour les entreprises !
Bank Independent Cash Pooling
Gérer l’offre de retraites : un choix complexe pour l’entreprise
15 MINUTES AVEC CIAM
THE FINANCIAL RISK OBSERVATORY
NEWS
LIFE BEYOND NUMBERS

Trésorier/Treasurer magazine - N°91 - Oct/Nov/Dec 2015