How can Business Intelligence software assist finance executives?

The concept of Business Intelligence (BI) was invented in the 1970s and refers to the use of software and algorithms to analyze data and thus generate actionable information to guide a company’s strategic decisions. BI tools analyze and present data in the form of reports, visuals, charts and graphs, enabling users to understand information and draw conclusions. A specialist in enterprise performance solutions, Talentia Software has developed a business intelligence solution for finance executives and managers.

Business intelligence: a decision-making tool

The concept of business intelligence in relation to finance, accounting or management is nowadays well established among the tools used by various managers and decision-makers at companies. Most of the management and analysis of data and information that these managers must carry out is not only time-consuming, but sometimes requires specific skills and collaboration between the various players involved. However, the results of this work not only enable an objective view of the company’s situation (financial, accounting, organizational), but also the creation and implementation of the necessary measures to improve it if needed.

For example, financial business intelligence software makes it possible to design and apply a financial performance management strategy that is tailored to the company’s situation. By opting for a scalable solution, you will benefit from a decision-making and operational tool that evolves as your business grows.

 

Analyze, understand and decide – all with a single solution

Business intelligence software needs to offer multiple possibilities to finance managers. It is a solution that facilitates the analysis and interpretation of information as well as decision-making. The tool must also support the automation of the financial management process in order to lighten the workload of administration and finance departments.

In principle, this type of software features a modular architecture and a wide range of features to cover all the challenges faced by the finance department. Each company chooses the modules to be integrated into the solution, based on its own needs and budget constraints. The software can also be scaled up as the number of tasks increases.

In most cases, companies opt for a collaborative and intuitive tool, which offers measurable benefits: simplicity, accessibility, security, flexibility and profitability.

 

A modular business intelligence solution built into your financial system

If you are looking for business intelligence software to improve the performance of your company’s finance department, we can provide you with a solution that perfectly meets your requirements.

Talentia Software is a leading European provider of business performance management solutions, for companies of all sizes, from SMEs to mid-sized and large companies. Talentia’s products cover numerous areas of application. The partner of choice for businesses, we offer a comprehensive service, including integration, training and support to free our clients of any constraints in deploying the tools we have developed.

Talentia Accounting is also part of our offer. It includes various tools relating to:

  • Administrative and tax accounting (general accounting, financial analysis, tax return, etc.)
  • Accounting control and audits (performance indicators, financial reports and analyses, multi-angle analytics, etc.)
  • Cashflow management (forecasting, bank reconciliation, SEPA, etc.)
  • Creditor assistant (managing liabilities, expense accounts, dematerializing billing, etc.)
  • Debtor assistant (billing, entry matching, collection, reminders, recovery, ratio analyses, etc.)

Translated and adapted to international regulations, our financial management solutions can support finance and accounting managers in carrying out their duties.

Of course, you can choose from software under a SaaS model or license. Whichever option you prefer, you will have a solution that can integrate quickly with your information system and which users can easily get to grips with.