Finance professionals spend 70% of their time collecting, cleaning, and preparing #data for use. Here are five tips to change that…
1️⃣ IMPROVE YOUR DATA SKILLS
Many employ inefficient methods to wrangle the data and get it ready for use.
Upgrade your Excel skills to use PowerQuery.
Learn SQL to become a database master.
Or use RPA to automate the most mundane data tasks.
Many employ inefficient methods to wrangle the data and get it ready for use.
Upgrade your Excel skills to use PowerQuery.
Learn SQL to become a database master.
Or use RPA to automate the most mundane data tasks.
2️⃣ SCRAP YOUR DASHBOARDS
The business intelligence wave
over the past decade not least the Power BI revolution has done a lot of good.
However, it has led to an explosion in dashboards across companies.
It’s time to start over and scrap all your dashboards.
The business intelligence wave
over the past decade not least the Power BI revolution has done a lot of good.
However, it has led to an explosion in dashboards across companies.
It’s time to start over and scrap all your dashboards.
3️⃣ INCREASE YOUR CUSTOMER FOCUS
Often times we start with the question…
“What does the data tell me?”
Instead we should ask…
“What insights do my customer need?”
Then at least we know what we’re looking for.
Often times we start with the question…
“What does the data tell me?”
Instead we should ask…
“What insights do my customer need?”
Then at least we know what we’re looking for.
4️⃣ FOCUS ON THE K IN KPI
Just because information is available it doesn’t mean it should be displayed or presented.
It’s like we’ve forgotten the K in KPI.
Any one stakeholder should be looking at no more than three-five KPIs.
Your job is to find out which.
Just because information is available it doesn’t mean it should be displayed or presented.
It’s like we’ve forgotten the K in KPI.
Any one stakeholder should be looking at no more than three-five KPIs.
Your job is to find out which.
5️⃣ UPGRADE YOUR SYSTEMS
It’s highly likely that your systems also need an upgrade.
Just don’t make that your main excuse for not taking action.
With cloud, new systems and tools are more widely available than ever before and at an affordable price.
It’s highly likely that your systems also need an upgrade.
Just don’t make that your main excuse for not taking action.
With cloud, new systems and tools are more widely available than ever before and at an affordable price.
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