Qlik’s diverse business intelligence solutions enable you to easily and efficiently evaluate and visualize enterprise data from all sectors. Users in finance departments can also benefit from the comprehensive functions of Qlik Sense Enterprise.
For example, Qlik Sense Enterprise can help business managers and their finance departments obtain a better overview of their operational and financial processes through its dynamic prognoses and analyses optimization apps. The applications extract and link basic data from different sources. The update frequency is hereby freely configurable regardless of whether you are using an ERP system, Excel files, or access to Web APIs. With Qlik, you are no longer limited to partial analyses that are hinged to query-based solutions. Qlik’s associative model enables you to create visualizations of all your data and hence identify previously unidentified interrelationships.
Diverse application possibilities in the finance sector
Important application areas in the finance sector include data quality improvement for accurate calculation of key parameters, fast plausibility checks for ERP booking routines, and the creation of interactive company reports. Data evaluation and visualization of interrelationships using Qlik Sense Enterprise therefore contribute towards better financial planning, cash flow optimization and ultimately better results. Unlike other resource-intensive, inconsistent budgeting solutions, Qlik Sense Enterprise also enables users without advanced technical skills to compile reliable financial analyses and reports thanks to its ease of use and self-service functions. Below are some of the options and advantages provided by Qlik Sense Enterprise:
- “What if” analysis
Allows managers to test different prognosis scenarios and budgets as well as to evaluate the impact of possible results.
- Comparative analysis
Allows users to compare different budget allocations, resources and cost estimates.
- Fast integration of multiple data sources
Creates a comprehensive overview of planning and budgeting data from various data sources.
- Collaboration and annotations
Enables optimized group decisions through interactive sessions and comments on modification of functional delays.
- Comprehensive partner network
Best possible budgeting and planning applications of different partners – tailored to specific business requirements.
Its numerous functions and the ability to connect multiple data sources make Qlik Sense Enterprise the ideal basis for controlling different financial processes. Qlik Sense Enterprise provides efficient support for tasks such as financial forecasting and analysis, cost and risk management, validation of sales and profitability indicators, investment analysis, cash flow and balance sheet management, etc.
The following video shows 10 use cases of Qlik Sense Enterprise in the finance sector: