Transforming the Office of Finance: Analytics and Forecasting Automation

The Office of Finance. There is never a dull moment, with monthly, quarterly and annual planning and reporting cycles. Excel versions flying around, last-minute updates, ticking and typing every possible figure before that final version is released – holding your breath and hoping for minimal revisions or errors.

Feeling anxious yet? There is a better way. The most nimble and automated finance groups use platforms that allow fluid movement of data between plans and reports, version control and data quality assurance along with advanced modeling and prediction capabilities.

In this session, you’ll see how IBM Planning Analytics (PA) and Alteryx are often combined to form a powerful corporate finance automation engine. Alteryx’s Aleks Mitrovic will take the role of a financial analyst, connecting to income & expense data to build a predictive forecast of an organization’s cash flow. Then, Newcomp’s Brian Simpson will adjust the source data in real-time, using the flexible planning abilities of IBM PA, before Aleks refreshes his forecast with the brand new data.

Joining us in this conversation is J.D. Irving’s Manager of Finance Transformation to tell his journey of how they’ve combined IBM PA and Alteryx to revolutionize their finance processes.

What You’ll Learn