Business Intelligence gives finance and accounting departments the information they need to more accurately collect, analyze and report on corporate financial performance.  BI delivers powerful and interactive analytical solutions that give financial professionals greater insight and understanding into the business and market dynamics that affect the financial results of the organization. 

GrayMatter has been creating Business Intelligence solutions that enable chief financial officers and finance directors to play a more central role in defining organizational strategies.  We make it easier for them to plan and monitor budgets, accurately forecast revenue, and analyze the most important financial data at the heart of business success.  

 Our Business Intelligence Solutions for Finance help our customers make better more informed decisions in critical areas including:

• Financial Intelligence — Analyze business trends and monitor key financial metrics and ratios with a focus on DSO, liquidity, cash flow, receivables and payables and profitability. Reduce administrative burden of manual processes involved with spreadsheets. Monitor and align financial performance with employee incentive compensation. Gain greater visibility into the full scope of financial operations with in-depth analysis of cost and revenues, view data underlying cash flow statements and compare planned versus actual income and margin.
• Budgeting and Planning — Align plans and budgets with actual results and produce more detailed and accurate enterprise budgets; use historical and current data to prepare and plan budgets. Analyze budget scenarios and share information with managers for increased accountability. Use dashboards and reports for general budgeting, payroll planning and sales and marketing planning.
• Reporting and Consolidations — Monitor, track and report on planning activities. Efficiently manage financial consolidations, monitor and analyze data from multiple sources; Compare actual results to budget, analyze variances, deliver up-to-date financial reports enterprise-wide.
• Costing and Profitability Analysis — Discover, track and monitor key cost drivers throughout the business. Adjust and track unexpected changes in business conditions and deliver accurate cost analytics across all product and service lines.

Financial analytics is a set of analysis that can be used to increase a company's financial productivity, specifically its profitability. It works through assessing individual or granular aspects of a business opportunity and then combining all relevant information so that an overarching, financially beneficial decision can be made. Financial analytics allows business executives to proactively seek out ways to change and enhance their business models so that they are constantly up-to-date with the current financial environment.

A financial analytics system requires the integration and assessment of a broad spectrum of data that affects a company. Some particular aspects that financial analytics includes