Qbit – COVID-19

We are facing a potentially major crisis, perhaps one of the biggest challenges facing our society and businesses since World War II. But even though Denmark and most of the world are shutting down for a period, it will make us all be more aware of the need for more modern and real time solutions.

EPM Tech Refresh: From Business Continuity To Business Innovation

Migrate or refresh? An Enterprise Performance Management (EPM) technology refresh cycle can be daunting, but it is the perfect opportunity to consider what now best fits your organization. You can do nothing and continue without support, go through what can be a major migration, or refresh with a best-in-class alternative. What exactly is Tech Refresh? …

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What to consider when choosing financial consolidation software

Manual financial consolidation is time consuming and labor intensive. With modern technology offering new digital solutions to automate complex processes, you can not only streamline your consolidation processes, but also accelerate them. In this blog, we’ll examine what to consider when choosing a software consolidation solution for your organization.

Hey Siri, What’s My Forecasted EBITDA Look Like?

Even though we have so much advanced technology surrounding us, we still cannot just ask, “Hey Siri, what’s my forecasted EBITDA look like?” There are many reasons why such technology isn’t available yet—insufficient data, unstructured data and some human knowledge that is not yet transferable to machine.

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It’s the user who are the experts, isn’t it?

The challenge, however, was that the models required many manual processes. It took 6 weeks of work to collect and prepare a forecast, and at the same time it was technically difficult to show rolling forecasts – for the current year and 3 years ahead. It was often just in time Group Finance reached to deliver the forecast every quarter.

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Tryg Group Rolling Forecasting and Analysis platform

The challenge, however, was that the models required many manual processes. It took 6 weeks of work to collect and prepare a forecast, and at the same time it was technically difficult to show rolling forecasts – for the current year and 3 years ahead. It was often just in time Group Finance reached to deliver the forecast every quarter.

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Apply Artificial Intelligence – The future of Enterprise Performance Management is dynamic

In the latest article on “Analytical Revolution with Artificial Intelligence”, we described how new capabilities in FP&A systems can support the future of Enterprise Performance Management and how much of the necessary functionality is already available today. From static to dynamic EPM New technology in budgeting, forecasting and analysis systems, such as machine learning and …

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Make Artificial Intelligence interesting for Business Intelligence and Financial Planning & Analysis

What used to take 6 weeks now only takes 1 week In the last newsletter we touched on how people are the driving force behind digital transformation and how it can be supported by artificial intelligence and machine learning. We also took a look at how FP&A and Business Intelligence experts are beginning to extract …

Make Artificial Intelligence interesting for Business Intelligence and Financial Planning & Analysis Læs mere

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