With the power of data collection and analysis, business leaders can see metrics in action and how they interact with other areas of the business. Prescriptive and predictive analytics helps them understand not only the best decision to make in a silo, but the best decision to make for the business. Management will have access to the data and be able to communicate more efficiently and leverage collective knowledge; they can ask questions, look at possible outcomes, and make the best-informed decisions. Finance can deliver these opportunities and transform their function into a high-value, high performance-driven area of the business.
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