The Top Trends for CFO’s in a Post-Pandemic World (Part 2/5)
The first part in our ongoing blog series, "The Top Trends for CFO's in a Post-Pandemic World" looked at how crucial having access to real-time data is.
If financial institutions have learned anything from the past few years, it's that unforeseeable circumstances will always cause disruption and teams need to be prepared for anything. Make sure to check out our first installment of the series to learn more.
Read Part One Here.
Now, let's look at the second trend facing CFOs after the Covid-19 pandemic:
Breaking down enterprise platform silos to improve overall performance
With the convergence of Enterprise Performance Management (EPM) and Enterprise Resource Planning (ERP) companies can centralize their data under the same banner.
This allows a single point of management and gives a better glimpse into the entire data lifecycle including interactions, modifications, and implications. This development in cloud solutions saves time thanks to simplified access to data and accelerated decision-making. For CFOs, EPM, and ERP supports the management process to improve how they evaluate profits and overall performance.
That's it for trend number two, three more to go. Stay tuned as they will be released soon.