Data & Analytics

Turn Financial Data into Strategic Decisions

At a time when finance departments must meet ever-increasing demands, an ERP system that offers both technological and financial expertise is essential. Microsoft Dynamics 365 Business Central offers exactly this solution – and Finclair is your trusted partner for a successful implementation.

Our expertise covers the following business intelligence applications:

Financial Analytics

Why financial analytics is indispensable for finance departments

Financial analytics in modern companies

Financial analytics uses advanced data analysis techniques to evaluate and predict a company’s financial performance. It plays a crucial role in the modern financial world as it enables companies to make data-driven decisions that increase their profitability and efficiency. The growing complexity of financial markets and the increasing amount of data available make financial analytics an indispensable tool for CFOs and financial analysts.

The advantages of using financial analytics

The use of financial analytics offers you numerous decisive competitive advantages. Accurate and timely insights into your financial data can improve your decision-making. Companies can identify trends and patterns that would otherwise go unnoticed and act accordingly to optimize their performance. Other benefits include improved forecasting accuracy, more efficient use of resources and the ability to better manage risk.

Integration of Financial Analytics with Microsoft Business Central

Microsoft Dynamics 365 Business Central offers seamless integration with modern financial analytics tools. This integration enables companies to analyze financial data in real time and create detailed reports. Combining the powerful ERP capabilities of Business Central with advanced analytics tools provides companies with a comprehensive financial management solution. Finclair can help you implement this integration smoothly and ensure that you can realize the full potential of your financial data.

Implement

How to successfully implement financial analytics

Financial Analytics is the ideal solution for modern finance departments looking for a flexible, scalable and integrated ERP solution. With Finclair’s expertise on your side, you can be sure that the implementation will be successful and efficient. Contact us today to find out more about how we can transform your finance department.

Important steps for implementation

The implementation of financial analytics requires careful and well thought-out planning and execution. Key steps include needs analysis, selection of appropriate analytics tools, integration with existing systems, data migration and staff training. Each phase will be carefully monitored and adjusted to ensure that the system meets the company’s specific requirements.

Best practices for financial analytics

There are several proven methods for the successful implementation of financial analytics. It is important to define clear goals and KPIs to measure the success of the analytics tools. Thorough training of your employees ensures that they can utilize the new systems effectively. Regular reviews and adjustments help optimize performance and ensure that the system meets the changing requirements of the company.

Finclair’s support with the implementation

Finclair offers comprehensive support in the implementation of financial analytics. With over 20 years of experience in financial and IT consulting, Finclair develops customized solutions that meet the specific needs of each company. From planning to implementation and ongoing support, Finclair ensures that companies get the most out of their financial data. Successful projects and positive customer references underline Finclair’s expertise and reliability.

Phase overview

From data strategy to data-driven decision-making.

Service portfolio

Our service portfolio includes:

Analysis of your data architecture, data strategy and key metrics
Centralisation of your reporting from different data sources in the cloud/reporting platform
Creation of transparent, highly automated reports and dashboards (sales – revenue, P&L, cash flow, budget, forecast, OpEx, etc.)
Definition and specification of data governance
Automated business reports generated from company data in PowerPoint, Word, Excel format
Data quality for checks & audits, compliance

Services

Our Services

ERP System

Your partner for the introduction and optimization of Microsoft Dynamics 365 Business Central.

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Data & Analytics

Your business intelligence solutions for transparency & actionable insights.

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Financial Advisory

Your program for the strategic realignment of your financial organization.

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Development Applications

Tailor-made for standardization and automation in your financial organization.

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Accounting Services

Outsource accounting — for more time and capacity.

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FAQ

Frequently asked questions

1. Who is the Financial Analytics service for?

The service is aimed at management, CFOs, controlling and finance teams, and business departments that want to base their decisions on reliable key figures. Financial Analytics is particularly helpful when data from several systems or companies needs to be consolidated and reports have so far required a lot of manual effort.

2. Which tools and data sources can be used?

We select the right analytics solution based on your requirements and existing system landscape, for example Microsoft Power BI, Tableau or Qlik. Data from Business Central and other systems is integrated depending on the available interfaces. The goal is a consistent and transparent basis for your reports.

3. Which reports can be automated?

Revenue, P&L, cash flow and cost reports as well as budget vs. actual comparisons can be automated, for example. Existing budget and forecast data can also be integrated and analyzed. Depending on the solution, dashboards and output to Excel, PowerPoint or Word are possible. Planning assumptions and business assessments are defined together with your team.

4. How is an analytics solution implemented?

First, we jointly define your goals, KPIs and reporting requirements. We then review data sources and data quality, develop the data model and set up the data import. Building on this, we create reports and dashboards, align the results with your departments and train the users.

5. How much does the Financial Analytics service cost?

The effort depends mainly on the number and quality of data sources, the desired reports, the refresh frequency and the requirements for access permissions. License costs for the applications used may also apply. In a free, no-obligation initial consultation, we clarify your needs and discuss a suitable approach.

Turn Financial Data into Strategic Decisions

Our expertise covers the following business intelligence applications:

Why financial analytics is indispensable for finance departments

How to successfully implement financial analytics