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But the constant noise around the topic – from cost benefit analyses to sales pitches to technical overviews – has led to information overload. The result is a proprietary, multi-source datamodel for a single view of your business information. Worldwide spending on public cloud services is expected to grow by 21.7%
To achieve oversight and agility, your finance team needs the right tools to aggregate all relevant data sources and provide the comprehensive analysis your leadership craves. Cost savings: Improved efficiency, reduced errors, and streamlined processes can lead to significant savings.
Interestingly, our report found that organizations in 2023 are far less likely than in 2022 to be completely satisfied with the relationship between Finance and IT, decreasing from 54% to 28%. Organizations seeking cloud migration must recalibrate processes, reconfigure datamodels, and adapt to a new interface and functionality.
Our rich visualizations, including tabular and pivot reporting, are ideal for presenting financial and operational reporting data. Angles is a highly intuitive BI tool with easy-to-use datamodels that help you realize the promise of self-service BI.
However, in 2023, CFOs are now preparing for a recession and tightening the purse strings, leading finance teams to find balance with the resources they have on hand. Have A Single Version of the Truth Gathering and formatting data from multiple sources costs precious time and resources that can be better spent on value-add activities.
What are the top CFO priorities for 2023 and beyond? The Q&A What is your company doing to strengthen its position in 2023 and beyond? John Lawrence: We’re looking really at the broader economy and across our portfolio of companies, assuming we will have a recessionary period in 2023 or thereafter. That saved us costs.
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