How a Standard Chart of Accounts Affects Analytics Maturity

 

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Analytics is the hot topic today. But if the enterprise lacks a common language for tallying monthly progress toward financial plan targets, it’s not going to get very far in attempting to discern meaningful drivers of revenue growth, product profitability, or how the flow of goods across the value chain impacts cash flow and ultimately capital efficiency. APQC finds a strong correlation between a relatively high adoption rate of the standard chart of accounts and analytics maturity. 

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