Financial Business Intelligence: Trends, Technology, Software Selection, and Implementation

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Turn storehouses of data into a strategic tool

Business intelligence has recently become a word used by almost every CFO, controller, and analyst. After having spent the last decade implementing Enterprise Resource Planning software and other mission critical solutions, companies now have large databases with transactional data sitting in their computer rooms. Now, finally, the technology has reached a point where it is possible- in almost real time-to quickly and easily analyze the financial data in the corporate databases, to be able to make more intelligent business decisions. This book will help financial managers understand the trends, technology, software selection, and implementation of financial business intelligence (financial BI) software. With a dictionary of business intelligence terms, a comprehensive list of Request for Proposal questions, and examples of popular financial business intelligence reroutes and user interfaces, this book enables managers to measure their companies' business intelligence and maximize its value.

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About the author (2002)

NILS H. RASMUSSEN is a software solutions manager with Solver, Inc., a consulting firm that specializes in budgeting and reporting. He has participated in more than two hundred software selection and improvement projects.

CHRISTOPHER J. EICHORN is a consulting manager with Solver, Inc. He is responsible for developing and implementing budgeting and financial reporting software for midsize and large corporations. He has formerly worked with Deloitte & Touche as a CPA.

COREY S. BARAK is a senior consultant at Solver, Inc. specializing in requirements analysis and implementations, enterprise-wide budgeting, and reporting software as well as budgets, financial reporting, workflow, business processes, and training.

TOBY PRINCE is a systems analyst at Dacor, Inc., where he performs financial analysis and implementation and support of financial reporting applications and analysis. He has supervised or participated in software implementations at over thirty companies.

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