Understanding finance

Finance and sales are usually the early adopters of Business Intelligence (BI) software. So we will describe these two functions in detail.

Finance is an important function in any organization and it performs multiple functions. They play a big role in budgeting, planning, and forecasting. Another important area which the finance function looks at is streamlining cash flow.

Finance also focuses on expenditure and spend management. Risk and compliance is another parameter which can make or break companies. Finance looks at accounts payable (AP) and accounts receivables (AR) as well.

Let us look at these areas briefly.