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Financial analytics is designed to speed up everyday financial work such as preparation of the report, maintain financial data and so on. This enables to answer particular business queries and predict possible future financial scenarios. Financial analytics software presents the data in a graphical representation or in an executive dashboard that is simple to read and interpret compared to a series of spreadsheets with the pivot table. Some of the popular examples of financial analytics software include Balanced Scorecard. It is a financial tool to assess current position and historical performance of the company. The tool analyzes operating income, overall return, capital financing, and other financial specific processes. Additionally, the PrevisionEPM financial reporting is a management tool to build report books and combine real-time accounting and IT information.
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Orion Market Research Global Financial Analytics Market Research and Forecast, 2019-2025
DEFINITION Financial analytics is designed to speed up every day financial work such as preparation of the report, maintain financial data and so on. This enables to answer particular business queries and predict possible future financial scenarios.
MARKET MOTIVATORS • Increasing Adoption of Financial Analytics Tools by Small & Medium Enterprises • Growth in E-Commerce Sales
MARKET SEGMENTATION BY TYPE • Online Analytical Processing (OLAP) & Visualization Tools • Reporting & Analysis • Consulting & Support Services • Data Base Management System • Query • Analytics Solutions • Others
MARKET SEGMENTATION BY APPLICATION • Risk Management • Profitability Management • Budgetary Control Management • Payable Management • Receivable Management • Ledger Management • Asset & Liability Management • Others
MARKET PLAYERS • IBM Corp. • Oracle Corp. • Microsoft Corp. • SAP SE • Teradata Corp.
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