How Business Analytics Differs From Data Analytics

  Today’s businesses are more reliant than ever before on data. Very little data “speaks for itself” – most data is unstructured, providing few clues about how it should be read or what it means. To make meaning from raw data, business professionals must apply a wide range of methodologies. They must be prepared to deal…

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What is FP&A? – Financial Planning and Analysis

  What is FP&A? This is arguably one of the questions that you will encounter from people who don’t understand what financial planning, forecasting, budgeting, and reporting entails. Well, financial planning and analysis (FP&A) involves evaluating all aspects of a company’s operational setup. By undertaking FP&A, corporate bodies can gauge their performance as well as…

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3 Considerations For Selecting the Right Financial Forecasting Software

What is financial forecasting? How does it differ from budgeting? And what should you be considering when looking for a financial forecasting software to help automate your financial forecasting process. Financial forecasting and budgeting are often used interchangeably when talking about business planning processes.  They are both used to align organizations and help executives to…

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Reasons You Should Stop Using Excel For Financial Data Analysis

  At first glance, Excel seems like the perfect data analysis tool. It can carry out numerous calculations, is readily available, and can be put to good use when preparing budgets, forecasts, and various financial models. However, Excel has significant limitations that reduce the efficiency of your financial data analysis projects. The simple and user-friendly…

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Tired of Spreadsheet Errors? 

The spreadsheet may be one of the most powerful and most dangerous tools that a business user has in their toolkit.  In fact, Microsoft estimates that there are over 1 billion Office users worldwide.  Yet, spreadsheets are the go-to for many types of analysis and modeling needs.  They are easy to use and great for creating simple visualizations.  And, are an easy way…

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