4. Deeper insights and better decision making
Using cloud-based systems enable key insights into finance and operations to drive more informed decisions.
Example: Progressive healthcare CFOs are getting the insights that will help drive their organizations forward – and help their business partners make decisions better aligned with financial goals. They are adopting self-service analytics tools that are cloud-native and adhere to corporate security and governance policies and procedures. Self-service analytics give business users—in finance and in other parts of the organization—easier access to data insights from more sources than they can today with even the most robust embedded analytics. With the right tools, business managers, business analysts, and employees who take initiative on finding answers will be able to blend data sets together to answer questions with more context. This ability to easily hone in on small details can ensure that a finance organization’s strategy and discipline is shared by HR, supply chain, revenue management, and other areas of core operations.