Financial institutions ensure continued profit, not only through sound present-day business practices, but by making intelligent predictions about future trends. As noted by Forbes, finance teams are increasingly on the front line of decision-making and often tapped by other departments to make informed judgments about both spend and investments.
Cloud-based finance systems now offer the ability to analyse historical and operational data, in turn generating both prescriptive insights — used to streamline current business processes — and predictive groundwork, used to suggest the most profitable course of action moving forward.
