Sourcing Usable Data

(from Forbes) A recent survey of CFOs found that only 35 percent are making use of advanced analytics at their organizations. When financial and operational data live in different places, it often takes too long to reconcile and bring the data together for it to be useful. To make better use of organizational data:

• Collect and store workforce and financial data in one system
• Create a dashboard that key stakeholders can access in real time
• Consider bringing in external data for decision-making
• Cultivate conversations between HR, finance and other managers with collated data

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