Finance and analytics: moving from good to great

7 May 2023

How do you forecast?

How do you track how accurate your predictions are relative to actual results and what do you do about it?

Do you do recommend what actions your sales and operations teams should take based on your predictions?

The answers to these questions fundamentally drive the how finance and analytics teams are perceived to be adding value. Advances in data management, data science and applied AI mean that moving from good to great is not beyond the reach of all innovative organizations.

There is no need to rely on a suite of Excel sheets to drive your reporting and insights. And there is no need to rely on last month + x% to derive your forecasts. Moving to better ways of managing data and generating forecasts does not have to be difficult.

Algospark works with finance professionals and analytics teams to help them evolve processes that are "painful, manual and reactive" to "easy, automated and proactive". We help companies move from "what happened to x" to "what is going to happen to x and what should we do about it".

Why bother? Sounds like hard work? Well, not really. Your organization benefits from consistent data, more accurate forecasting, faster analytics, faster time to decision and a better return on investment in your finance and analytics teams.

It's true that Excel sheets get the job done, but in the same way that you can cut the lawn with scissors. There are always reason not to change ranging from fear of moving away from spreadsheets, the team is too busy and new systems are expensive.

We have worked with numerous finance and analytics teams to roadmap what changes need to be made and where. We then work closely with existing teams to upskill and transition new analysis techniques and new ways of working.

Algospark has worked with large and small companies, across numerous sectors and with varying degrees of data and applied AI maturity. We develop a bespoke solution to take away the pain and fears of transitioning from good to great. Get in touch now to discuss how we can help you transition to market leading next generation analytics!

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