Rob Douglas

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How to Handle the Data Deluge and Drive Business Success In recent years, the amount of data available to the finance department has exploded. While in the past, companies worked hard to secure all of their key information in enterprise resource planning (ERP) systems, today organizations are collecting data from a multitude of systems - from customer relationship management (CRM), website tracking, supply chain, human resources, and more - generating a vast amount of information that can be used to support decision-making. This data deluge brings a great wealth of opportunity, with more information than ever to work into forecasts and inform financial plans. However, it also brings a fresh set of challenges. With so much data at its disposal, the finance department spends more time, resources, and skilled staff wrangling the data. As a result of being overwhelmed b... (more)