Issue link: http://www.epageflip.net/i/75736
Finance and Accounting Edition Finance organizations must adhere to increasingly stringent compliance standards, such as Sarbanes-Oxley and the International Financial Reporting Standards (IFRS). In the same cross-industry phone survey2 Harness the power of analytics Forward-thinking finance organizations use analytics to convert copious amounts of data into actionable information delivered at the right time, in the right format, to the right stakeholders. By treating data as a strategic asset, organizations promote a fact-based culture and drive better and faster business decisions. This helps them closely track standard financial metrics such as effectiveness of cost management and more esoteric metrics such as cash modeling and price realization analysis. In addition, analytics help improve return on investment (ROI), profitability, and cash flow by providing more accurate metrics for product and customer profitability. And using analytics helps organizations with their compliance efforts by increasing coverage and reducing audit times. To implement a structured analytics program, we can start with a broad set of your analytic needs or a subset; either way, we customize them to your needs. At HP, we focus on helping you improve business performance, and creating a repeatable, cost-effective process. Once the basics are established, you can push analytics capabilities deep into the organization for better 2 Ibid. access and increased understanding of the available enterprise data. HP BPO Business Analytics , 64 percent of respondents said that they face significantly greater expectations for compliance. HP offers a complete solution for business analytics. HP BPO Business Analytics services provide a structured, predictive program of analytics to improve compliance, mitigate risk, and speed up discovery of growth opportunities. With our relationship-based approach, we'll work with you to establish the personnel, technologies, methodologies, and repeatable processes that support faster and better data-driven decision-making to give you a competitive edge. With HP's technology leadership and our deep understanding of client business processes, we closely integrate analytics into our F&A services. We apply advanced mathematical modeling, predictive modeling, deep computing, simulation, data analytics, and optimization techniques to improve operational efficiency. Our business intelligence capabilities allow us to seamlessly utilize structured and unstructured data in analysis, with data from your transactional systems as well as from external data sources to help drive better business decisions in your organization. We help you understand the consequences of any business decision so that you can operate at a new level of intelligence. For more information, read the white paper, "From Data to Insight." 17.