McKinsey in a recent research reports that while 75 million people cannot have a job, yet many businesses have vacancies that cannot be filled, and that there is a gap between the current workforce’s skills and what employers want from employees. Especially in the finance and accounting world, where people need accuracy, concentration and speed, it is even harder for organisation to recruit and retain talents.
Having a comprehensive system will enable top managers to manage human resources especially in financial and accounting aspects more effectively in the most effective way to compete globally. Today, we’ll discuss further on 3 among 6 basic ways to use technology to shape up financial strategies and increase financial performance.
In order to make the most optimization decision, managers and executives must ensure that all business processes are supported with meaningful, proactive information. Business Intelligence is one of the key technologies that help companies to successfully deliver information and transfer them into strategic plans. In our last post, we discussed about the first 5 steps to help create harmony concept between business intelligence (BI) and performance management (PM) for better business performance. The next 5 steps are to address organisational needs as well as challenges in order to direct BI and PM in the right path.
Topics: Performance management.
Operating in a continuous developing business world, companies need to do everything to maintain their competitive advantages, enhance performance as well as improve their reputation and position in the market. In our previous post on ways to improve your BI solutions, we discussed 3 among 5 ways to improve organisation’s BI solution. The remaining ways are to manage big data effectively and integrate your BI solution with your existing system to achieve best business results.
Business intelligence (BI) is no longer a new concept today as it has been commonly used for the last 30 years. Business intelligence or Business Insights solution is known as a set of processes, analysis methods and tools to simplify the transforming and transferring process; henceforth, improve business performance as a whole. However, despite the rising need of business insights and its maturity, best practices only appeared in the last 5 years. Why?