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Our research shows that departments are adequate in handling basic analytics but have difficulty in their use of more advanced analytics that are increasingly important for decision making
BEND, OR, August 19, 2019 /24-7PressRelease/ -- Ventana Research announced today its latest Dynamic Insights market research program for Finance Analytics. Analytics are at the core of everything that finance departments do — planning and budgeting, performance assessments, financial management and compliance — and so are key to the department's performance. Our benchmark research has consistently found that departments fall short in how they perform finance analytics because of issues related to training, process, data and software.
Ventana Research's Dynamic Insights cover a range of important business topics, collecting data about how companies perform core processes. Uniquely, Dynamic Insights provide the individual participants with direct feedback on responses to a concise set of questions they answer, and a benchmarked score based on those answers. Based on their responses research participants receive a written assessment of his or her company's efforts as well as research- and experience-based advice on potential next steps to improve outcomes.
A key focus of our Office of Finance research is enabling departments to enhance their effectiveness by providing their company more useful analysis and therefore situational awareness to help executives and managers to improve performance. This survey focuses on how analytics are used, the obstacles finance departments face in delivering timely and useful information and the tools they use for performing analyses.
"An essential ingredient of the digital transformation of the finance organization is improving how departments perform and deliver analytics," notes Robert Kugel, SVP & Research Director at Ventana Research. "Our research shows that departments are adequate in handling basic analytics but have difficulty in their use of more advanced analytics that are increasingly important for decision making and improving corporate performance. Dynamic Insights provide individuals with fast and useful feedback on how their company is performing and recommendations on what to do next."
The Ventana Research Finance Analytics Dynamic Insights is now available to participants.
To learn more about the Ventana Research Dynamic Insights, visit: https://www.ventanaresearch.com/dynamic-insights
About Ventana Research
Ventana Research is the most authoritative and respected benchmark business technology research and advisory services firm. We provide insight and expert guidance on mainstream and disruptive technologies through a unique set of research-based offerings including benchmark research and technology evaluation assessments, education workshops and our research and advisory services, Ventana On-Demand. Our unparalleled understanding of the role of technology in optimizing business processes and performance and our best practices guidance are rooted in our rigorous research-based benchmarking of people, processes, information and technology across business and IT functions in every industry. This benchmark research plus our market coverage and in-depth knowledge of hundreds of technology providers means we can deliver education and expertise to our clients to increase the value they derive from technology investments while reducing time, cost and risk.
Ventana Research provides the most comprehensive analyst and research coverage in the industry; business and IT professionals worldwide are members of our community and benefit from Ventana Research's insights, as do highly regarded media and association partners around the globe. Our views and analyses are distributed daily through blogs and social media channels including Twitter, Facebook and LinkedIn. To learn how Ventana Research advances the maturity of organizations' use of information and technology through benchmark research, education and advisory services, visit www.ventanaresearch.com.
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