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Data Science to speed up the month-end closing
CFOs must perform a balancing act: they have to maintain a constant flow of checks and balances and run the most efficient business possible, driving economic value for the entire company.
Leading CFOs are leveraging analytics to make more insight-driven interactions. Data science can enable the CFO services to improve accounting information and speed up the month-end closing. This can be a huge competitive advantage: a finance fast closing may – in fact - provide the right insights to make data-driven business recommendations.
When CFOs can make insight-driven decisions in more agile way, they are better equipped to help the finance organization improve its performance, adapt and adjust resources where needed.