Finance plays a pivotal role in driving strategic decision-making and business success. Embracing data-driven approaches is no longer an option but a necessity for finance professionals. In this video, we’ll hear from Fresh FP&A’s CEO Chris Ortega and SAP’s Pras Chatterjee on the challenges, opportunities and other critical topics for data-driven success in finance.
Key Highlights:
00:01 Introduction: Discussing “data-driven” in finance.
00:13 Defining “data-driven” for FP&A professionals.
00:24 Steps to being data-driven: Accessible data sources.
00:41 Boldness in working with data, moving beyond Excel models.
01:13 Embracing business data fabric solutions in finance.
01:42 Importance of clean, trusted data for a foundation.
02:10 Decision cycle framework for data-driven choices.
03:07 Core competencies for data-driven FP&A professionals.
04:00 Challenges hindering data-driven finance organizations.
05:00 Understanding the business beyond financial metrics.
05:55 Role of technology in fostering data-driven practices.
09:25 Transitioning to real-time data access.
10:57 Using technology for improved finance decision-making.
12:28 Partnering across business areas for a data-driven culture.
14:58 Focus on business understanding to drive data culture.
15:55 Closing remarks and gratitude.
Learn more on how SAP helps finance professionals become data driven at: https://sap.to/6051RU04B
