Blog

Back to all articles

Using Qlik promotes effective financial management

||

Business success depends largely on the work of the finance, accounting and reporting departments. The information provided by these departments must be accurate, reliable and in real time. Qlik helps to solve such tasks as reducing costs, managing risk, increasing profits, increasing transparency of processes and others. The main Qlik’s mission is to transform disparate financial and accounting data into powerful financial analytics.

Cost management

Company expenses optimization is possible due to the unification of disparate data and the provision of more complete and accurate information. It contributes to a deeper study of data on costs, purchases, contracts, which allows you to identify new ways to optimize business activities.

Financial analysis and planning

Qlik provides professionals with sophisticated analytics for forecasting, planning, and budgeting.

Benefits management

The list of financial management tasks includes monitoring income and profit indicators to maintain the company’s financial balance. Qlik’s advanced analytics greatly simplifies this task with improved cash cycle and balance sheet visualizations.

Risk assessment and regulatory compliance

With Qlik tools it is possible to solve complex challenges related to risk and regulatory compliance. These tools provide financial professionals with access to aggregated data from multiple sources to effectively align governance with business priorities, make informed decisions, mitigate risk, and prevent fines and fraud.

DataLabs is a Qlik Certified Partner. A high level of team competence and an individual approach allows us to find a solution in any situation. You can get additional information on the project by filling out the form at the link

Previous #fridaypost “Qlik Analytics for the consumer goods market”
Previous Post Next Post

Related posts

What is Self-Service BI?

Self-Service BI is the ability for business users to independently explore data, draw conclusions, create dashboards and reports without the participa...

Read more

Double Ransomware Extortion

Double ransomware extortion is a new level of «traditional» ransomware attack. In this case, the cybercriminal also uses the victim's data, files...

Read more

Data literacy as the second business language

Data literate organizations are more flexible, prepared, innovative, and have a more stable and loyal workforce. Over the past year, the number of emp...

Read more
GoUp Chat