Navigating Intercompany Reconciliation with Data & Analytics

The Crucial Role of Intercompany Reconciliation in Modern Finance In our discussions with Finance teams, Reconciliation comes on top of their mind, and we got requests from teams on how they can solve the Reconciliation challenges. As per a recent study, highly automated intercompany accounting process have 75% fewer full-time equivalent (FTE) staff and  enterprises […]

The Hidden Costs of Poor Data Quality for Finance, Procurement and Sales Operations teams

Introduction Enterprises use various applications across departments to solve for their pressing business needs and data has traditionally been a secondary thought. Though the recent applications have focused on integrations but the data residing within two applications do not talk to each other. This has caused Data to be everywhere but with GenAI in focus, […]

Transforming Enterprise Finance with GenAI – Propensity to Pay Model | Beyond ERP Insights

Introduction So far in our Beyond ERP blogs (here, here and here), we discussed how enterprises struggle with obtaining actionable insights from ERP systems, how a solid data foundation can enable scalable insights and automation, and principles to adopt while doing visualization. The idea was to set the foundation for digitizing the finance function. Let’s […]

Principles of Creating Powerful Visualizations for Business Performance improvements

In our previous blogs (here and here) we discussed how enterprises struggle with obtaining financial insights from ERP systems and how a solid data foundation can enable scalable insights and automation. In this blog, we will explore how visualization can help finance teams become better storytellers and provide clearer insights into business performance. CFOs are […]

Beyond ERP: Achieving the Maximum Potential of Your ERP Data

In our previous blog, we explored why despite heavily investing in Enterprise Resource Planning (ERP) systems, we still struggle to get basic financial insights. In this blog we delve into a detailed approach on how organizations can maximize the potential of their ERP, other systems and tribal knowledge data by integrating various system of records […]

Understanding the Lakehouse Paradigm with Midoffice Data: Part 2 – The Evolution of Data Storage & Processing

In our first instalment, we journeyed through the evolution of data storage from traditional Datawarehouse to data lakes, leading to the emergence of the Lakehouse architecture. Now, let’s unpack the inner workings of the Data Lakehouse architecture, exploring the intricate layers and components that define a modern Lakehouse. The architecture principles on which Data Lakehouse: […]

Data Model Maturity for CFO Function

Why is Data Maturity in a Finance Organization important?  In 2020, Aston Martin’s balance sheet eventually ended up with discrepancy totalling to $20mn in reconciliation. The accounting error came to understating car sales in dealerships. Now, this issue came to highlight – quarters later , in financial reconciliation stage. Any seasoned finance professional will advise […]

Navigating Data and Analytics Challenges in the Age of AI

 “Data is not just the new oil; it’s the new electricity.” – Clive Humby   As we usher in an era where the potential of Artificial Intelligence (AI) is finally being realized, one question looms large. “How can enterprises effectively harness the power of AI and Big Data while grappling with legacy IT systems and […]