Data and AI analytics are becoming more important, they are essential for organisations who want to turn finance into a strategic driver. However, AI and advanced analytics only deliver value if the underlying business data is accurate, consistent, and actionable.
Without reliable data:
- Forecasts become inaccurate
- Scenario planning loses credibility
- Strategic decisions are delayed or misinformed
From Intuition to Data-Driven Financial Planning
Traditional finance relied heavily on historical reports and gut feeling. Today’s CFOs need real-time insights to:
- Understand financial performance as it happens
- Identify emerging risks early
- Make informed investment decisions
- Model scenarios with confidence
With the introduction of SAP Business Data Cloud, SAP provides the platform to help your company build a trusted and integrated data foundation. You can then extend this data foundation using SAP Analytics Cloud to take your Financial Planning to the next level.
Using this platform, you shift from intuition-based to data-driven financial planning.
AI Analytics: Only as Good as Your Data
AI is able to identify patterns and forecast results to create meaningful insights. However, if it doesn’t use accurate and relevant business data from a unified source, AI may generate unreliable or wrong conclusions.
Reliable insights allow you to:
- Make forecasts that reflect reality
- Prioritize investments based on actionable insights
- Empower finance teams as strategic partners
Corporate Performance Management as the Foundation
Data-driven organizations need a strong CPM framework to unify data, analytics, and planning. Leveraging cpmview’s expertise enables organisations to:
- Establish a single source of truth for finance by using SAP Business Data Cloud
- Streamline consolidation, reporting, and forecasting
- Apply AI analytics to actionable, business-relevant scenarios
This foundation transforms finance from a reporting function to a strategic enabler.
Conclusion: Invest in Data, Analytics, and Planning Today
Data-driven finance is not just about collecting more data. It’s about collecting the right data, keeping it accurate, and making it accessible for decision-makers.
Organisations, who invest in a solid data foundation like SAP Business Data Cloud now, will benefit from:
- Faster, smarter financial planning based on trusted data
- Reliable scenario analysis and forecasting
- Improved decision-making at board level
- Finance teams that act as true business partners
At cpmview, we help to turn data into insight and insight into impact, guiding organizations through planning, analytics, and AI-driven financial transformation.
Do you want to discover how SAP Business Data Cloud can help you create a reliable data foundation?
Join our webinar on 19 March: Simplifying Financial Planning with SAP Business Data Cloud
During this session, we’ll show how you can build a trusted data foundation for forecasting, scenario planning, and AI-driven insights.
