The evolution of technologies have been helping the CFOs to make better decisions and focusing in other areas rather than monitoring and control function to analyze new business opportunities. Thanks to the new way data is storaged and live connected to the systems.
Big data technology generate important cost advantage to data elaboration, by using automated tools, making real time reports, different from the warehouses where data is extracted and static. It also helps banks with new regulatory requirements that change every year, sourcing it in an usable information for the required reports.
Therefore, if CFOs use these technologies to extract useful real time information from all the dynamic sources available, they can make decisions based on data, not just counting on intuition, and these new insights may be decisive to accomplish the company's strategy.
Nobiletec is a multi-national consultancy firm specializes in B2B, B2C and P2P FinTech solutions.