"Almost three-quarters of financial professionals say they struggle to collect data from multiple sources and perform the analysis required to answer questions about financial performance," states Computer Weekly. By monitoring financial performance alongside sales and purchasing data, organisations have access to their complete financial truth. Various companies have data stored in different sources, which poses a challenge. They need a scalable solution to get actionable insights about income, expenses, profits/losses and other advanced financial data more accurately. As a data doctor, Explora knows how frustrating data problems can be, especially the need for financial data management to meet compliance regulations and legal requirements.
