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 […]
Beyond ERP: How to leverage your investments in ERP to drive value and enable powerful financial insights
One question we often hear is that despite heavily investing in Enterprise Resource Planning (ERP) systems, we still struggle to get basic financial insights.ERPs such as SAP, Infor, Oracle, MS Dynamics have long been the backbone of enterprise operations (e.g. finance, procurement, sales). These systems are designed to transact more efficiently, integrate business processes and […]
Acquisition Blues – From “Hit-and-Miss” to “M&A Magic”
We are at the cusp of acquisition season with potentially lower interest rates, quite a few undervalued targets coupled with the urgency to ramp growth and access new revenue streams. Acquisitions are difficult … Harvard Business Review calls it a mug’s game with 70% to 90% being abysmal failures. We distilled a few observations from […]
Understanding the Lakehouse Paradigm with Midoffice Data: Part 3 – A Deep Dive into Lakehouse Architecture
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. In the 2nd Instalment, we unpacked the inner workings of the Data Lakehouse architecture, exploring the architecture principles, data ingestion and data storage components of a modern Lakehouse. In […]
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: […]
Understanding the Lakehouse Paradigm with Midoffice Data: Part 1 – The Evolution of Data Storage & Processing
Data is the lifeblood of innovation in today’s fast paced digital highway. It has evolved over the years to meet the growing business demand and technology innovations. The initial asks were about reactive reporting that led the path for datawarehouse evolution. With the advent of web, new age information and AI, datalakes took the centerstage […]