inlumi blog

We live in volatile times where business challenges and changes occur every day at an accelerating pace. At the same time technology is also driving change starting with the digital behaviour of customers and all other activities in the entire value chain causing increased storage of so-called big data, which is also impacting the CFO Office.

As finance gets more complex and demand grows for high-quality and intuitive technology solutions, the need for an analytics platform is a given. By using Oracle Analytics Cloud, organisations will have the possibility to analyse any kind of underlying source and compile it to make better strategic decisions with more insight moving forward.

Now that we know the robots are coming, what makes a process a good first candidate for automation?

In this post we will outline the key areas that should be considered to try and answer this question.

Automation: it is everywhere in the Accounting and Finance world, from invoicing to salary payments. Where there is a large proportion of repetition in a boring workflow, automating it is the sensible option.

Will the software solution solve my planning issues?

In recent years, we have experienced many new software solutions for planning, budgeting and forecasting (PBF). Companies have acquired and implemented new software solutions with the anticipation that their PBF issues disappear like snow in the sun.

The need for change is just around the corner. Software and hardware are evolving together with trends and needs at the speed of light.

Many of you are probably working actively on finding the most optimal way forward, and one conclusion can be to go for a Cloud solution that supports your need and demands.

How to spend more time with your loved ones during the year.

Finally, the holidays are coming, so we all have a moment to catch a breath after another year of hard work and your share of what life has to offer you. With the year near its end, this is also a moment for reflection. What happened this year? Did we spend enough time with our loved ones?

I could open this article with some cheesy metaphor like, “Reborn in the sky from its on-prem version, allow Strategic Modeling in Oracle’s cloud to make your business shine like a star,” but let me to stick to the facts.

Strangely enough, in an era where we finance officers are trying to optimise the centralisation of financial information, we can still see in strategic and M&A departments heavy Excel sheets flooded with formulas and links to other Excel files. In the meantime, defining strategic models and testing different outcomes and hypotheses has never been more critical than today.