The topic of finance analytics has again risen to prominence as finance functions are continuing to mature their analytical capabilities across processes, from credit and collections, to payables and receivables, to pricing and profitability, to FP&A, in order to provide better and more timely information for decision makers and key stakeholders. While many organizations tend to overly focus on technology for analytics, truly moving up the analytics maturity curve involves a much more holistic approach.
The purpose of this study was to understand where companies stand in terms of maturity level, both currently as well as their anticipated future plans, with respect to six core capabilities related to finance analytics:
- Business decision and analytics
- Data and information
- Technology and infrastructure
- Process and integration
- Organization and governance
- Talent and culture
This study was sponsored by PWC. This report represents the summary of responses for survey participants across the utility industry.