Many people in finance don't have the time to question the process they follow month in and month out. Usually, we would say finance is all about maximizing revenue and profitability, balancing cash flow and spend, monitoring risk, and return on investments. However, plans have changed, expectations have reset, and 2020 may have even exposed some issues that need to be addressed.

One of the keys to success is the ability for organizations to be agile and respond quickly as needed. As a matter of fact, organizations that invested more in digital technology than their peers during the crisis were "twice as likely to report revenue growth than executives at other companies." (IDG global IT Leaders Research Report, 2020). At the very least, flexible solutions and analytics processes driven by the latest technologies contribute to that needed agility. So where does your Finance organization stand? Have you already modernized your analytics? Does your organization have what it needs to thrive?
We have prepared a short self-assessment tool that allows you to evaluate and take a snapshot of how you use analytics in finance. This assessment should serve as an easy way to get started gathering the proper information and understanding where you stand. Let's first answer some background questions...