Uncover unexpected insights and make more informed financial decisions
As the digital revolution in the office of finance accelerates, leading firms are gaining a competitive advantage by leveraging their most strategic resource: data. Velocity has been working with the CFO office across industries, linking disparate data sources and empowering departments with self-service analytics to speed up time to insight, make smarter decisions and drive better outcomes.
USD $60 billion is wasted annually due to repeated efforts in spreadsheets – and that’s just the US alone. Go beyond the spreadsheet and the custom finance database with Alteryx for financial analytics. Bring together all the data needed for financial analysis and reporting, wherever it resides: in cloud ERPs, CRM systems, or even a financial analyst’s spreadsheet. Get your Alteryx office of finance starter kit.
For businesses to excel, finance, accounting and reporting departments must be able to deliver accurate and actionable insights in real-time. Velocity helps businesses streamline their expense management by unifying siloed data, delivering more complete and accurate financial analytics insights. Finance teams can dig deeper into expense, procurement, and contract data to discover the real cost of doing business while identifying new ways to reduce costs and increase profitability.
The Office of Finance handles data from everywhere. From legacy systems to modern implementations, trying to connect the dots can seem like a difficult challenge. Data enhances the value of the Tax, Audit, and Finance functions. Rapid changes to regulation and an analytically literate workforce drives significant innovation in areas as diverse as general ledger management, cost-center controlling, payroll, and accounts payable. Use Alteryx in your office of finance to evolve to the next level of tax, audit, and finance analytics across your organization to improve quality of reporting, improve your depth of analysis, and reduce risk exposure.
Lack of data visibility, aging legacy systems, and inability to securely access critical third-party data hamper modernization and regulatory compliance can become an issue. Velocity has partnered with Snowflake, a cloud data management platform that eliminates data siloes so you can virtually access all of your data in a single, globally-available platform. As a result, you can transform your organization through data. Securely share live, governed data across subsidiaries and with partners, make data-driven decisions, and meet compliance and regulatory objectives powered by real-time analytics.