The business landscape is changing, and the finance group is required to cut costs, grow revenue, and maintain control in an increasingly uncertain environment. Traditionally we have relied on reports, an inefficient process that takes time to prepare and then informs you of past progress, not what is happening at this moment.
Compare that with driving a car: you have an objective to reach a certain place at a certain time, and you have a forward view through the screen, a rear view mirror and a dashboard. The satnav telling you your estimated time of arrival is a key indicator of how you doing and you can ignore the odometer saying how many miles the car has already travelled – but that would become a key indicator if you were scheduling a service.
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