openPR Logo
Press release

Will Predictive Analysis prevent CFO Nightmare?

10-26-2012 02:30 PM CET | IT, New Media & Software

Press release from: MindWave Analytics Services Pte. Ltd.

CFOs in today’s tough economic and business environment are increasingly placed under pressure as they take on decision making roles that make enterprise-wide impact.

Key challenges for any CFO are ubiquitous – cash-flow management, revenue growth, profit maximization and minimizing risk. Unpredictable collection cycles remain a major cause of the CFO Nightmare: misjudgement of the organization’s cash-flow.

With the recent spotlight on big data and predictive analysis, the finance department is looking to change things with more intelligent and accurate financial projections. Organizations continue to amass a pool of internal and external data that can be leveraged on to provide better business insights.

However, many finance analysts still do not have real-time access to reliable data from the multitude of departments. According to the Global CFO Study by IBM Institute, close to 40% of enterprises produce financial metrics manually and over 35% lack a common reporting platform.

These common challenges can be tackled with Rapid-fire Analytics, the latest approach towards true business analytics that allow handling of big data and predictive modelling.

“Predictive analytics is different from traditional business intelligence tools,” explained Haryyaksha Ghosh, Chief Analytics Officer at MindWave Analytics Services.

Haryyasksha continued, “It goes beyond budgeting and forecasting, having the ability to uncovering business insights, hidden trends and what-if scenarios that can radically enhance business planning and decision making.”

A new application that uses Rapid-fire Analytics is MindMart – a simple yet powerful dashboard and reporting tool that gives users better data visibility and predictive capability.

Mindmart has a smart interface that combines KPIs, trending, what-if analysis, simulation, expenses and receivables in a compact view that allows for better business insight. It supports extraction of high data loads from various sources and formats.

With the existence of smart technology and predictive analysis, CFOs are empowered with better control and a drastic reduction in time, resources and money spent.

In time to come, CFOs should be getting used to their predictable, sweet dreams.

Tags: Predictive Analysis, CFO, Dashboard, Reporting, Data Mining, Big Data, Predictive Modelling, Trending, What-if analysis, Rapid-fire Analytics, Business Analytics, Business Intelligence, Analytics Tools

About MindWave Analytics

MindWave Analytics Services Pte Ltd is a Singapore based specialty research, analytics and consulting firm leveraging on cutting edge technologies to help our clients achieve
• Top Line Growth
• Increase Profitability
• Increase Marketing & Sales Effectiveness

MindWave Analytics provides a range of training services in Business Analytics for its clients, including corporate training courses, seminars / webinars. Its core offerings are contemporary and relevant industry-centric courses specially designed to bridge the gap between the demand and supply of skilled professionals in the Analytics Industry.

Contact us

For more information, please contact peixun@mindwaveglobal.com

MindWave Analytics Services Pte. Ltd.

73 Science Park Drive
#03-07/08 Cintech I, Science Park I
Singapore 118254
Tel: (65) 6100 6775 (MSPL)

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Will Predictive Analysis prevent CFO Nightmare? here

News-ID: 241217 • Views: 6010

More Releases for CFO

Dion CFO Gopala Subramanium named “Fintech CFO of the Year 2019” at Acquisit …
27 May 2019 (UK): Dion Global Solutions today announced that Gopala Subramanium, their Chief Financial Officer, was named the Fintech CFO of the Year 2019 - South Asia award by Acquisition International. With several years of success to its name, Acquisition International’s Global CFO Excellence Awards celebrate the pioneering work and tireless efforts of the Chief Financial Officers (CFOs) who nurture their company’s financial stability and growth. The awards are
Fooda Brings on Justin Casciola as CFO
Casciola will oversee finance, accounting, financial planning and analysis, tax, internal audit and treasury. He is the company’s first CFO, joining at a time when the company is experiencing rapid growth. Chicago, June 25 2018: Fooda, the leading provider of freshly served restaurant food at work, today announced the company hired Justin Casciola as the company’s first CFO. The executive recruiting engagement was conducted by Lucas Group. “After a thorough
Enatel Appoints New CFO
Enatel Limited is delighted to announce the appointment of Aaron Gale as Chief Financial Officer. Most recently, Aaron served as CFO for HydroWorks and earlier to that as CFO for General Cable Oceania. He has over 20 years’ experience working in manufacturing, distribution, finance and media both in New Zealand and the United Kingdom. Aaron holds a BCom in Accounting from the University of Otago, qualified as a Chartered Accountant
Volubill Appoints Philippe Mechanick as New CFO
Finance and Technology Veteran’s Unique Blend of Skills Help Position Policy and Charging Leader for Continued Success London – Volubill, the leading provider of policy management, enforcement and charging solutions, today announced the appointment of Philippe Mechanick as Chief Financial Officer. Philippe joins Volubill with more than 25 years of experience in finance and high tech, including positions at Ernst & Young, Unisys, and US-based Goal Systems International, where he held the
Walden Behavioral Care Appoints Henritze CFO
WALTHAM, Mass., March 8, 2011 – Walden Behavioral Care announced today that Walter M. Henritze of Paxton has been appointed to the position of Chief Financial Officer. For the past two years, Henritze has served as Walden’s interim CFO. In his new role, he will supervise all financial and business operations, as well as critical administrative functions, including integration of human resources and quality management. Henritze’s professional background includes serving as
BlueStar CFO Doug Bivins Receives ‘CFO of the Year’ Award
Florence, KY—September 25, 2008—BlueStar, the leading innovator in solutions-based distribution for Auto ID, Point-of-Sale, Mobility, and RFID products, is proud to announce that Doug Bivins, BlueStar CFO and VP of Finance, has been presented The Cincinnati Business Courier’s Greater Cincinnati Large Private Companies “CFO of the Year” award. "CFO of the Year" winners are decided by a panel of judges for the program that include deans of the business schools at