Finance Analytics
Finance analytics uses data and analytics to help businesses make better financial decisions. Finance analytics can be used in many different business areas, including budgeting and forecasting, risk management, revenue optimization (e.g., pricing), portfolio strategy development, and execution. It allows an organization to understand its financial standing and make strategic business decisions based on this information. It also helps organizations identify financial trends that might not be immediately apparent from looking at just one set of data points.
What Small and Midsize Businesses Need to Know About Finance Analytics
SMBs must understand analytics to build a competitive company. Finance analytical tools provide insights into how an SMB's performance is relative to its competitors and enable real-time decision-making based on this financial information. Finance analytics also allows SMBs to gather insights and make informed decisions to improve their financial performance.
Related terms
- Tokenization
- ROIT (Return on Information Technology)
- SAC (Subscriber Acquisition Cost)
- Energy Trading and Risk Management (ETRM)
- Chief Revenue Officer (CRO)
- Core Banking System
- Record to Report (R2R)
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling
- Capital Allocation
- Compound Annual Growth Rate (CAGR)
- Net Present Value
- Hedge Fund
- Gateway
- Selling General and Administrative (SG&A) Expenses
- ROE (Return on Equity)
- Financial Planning and Analysis (FP&A)
- Dollar-Cost Averaging (DCA)
- Procure-to-pay Solution
