For businesses to thrive, finance, accounting and reporting departments must deliver accurate and actionable insights in real time. Qlik synthesizes disparate financial and accounting data into powerful finance analytics that help you reduce costs and manage risks, improve profitability and transparency, and guide more informed decisions.
Qlik's powerful Associative Engine lets you combine multiple, complex sources of data that can be explored in any direction. Analyze financial performance, develop forecasts and run highly flexible financial simulations. Imagine viewing last quarter's largest cost variances, then pivoting to identify the factors that drove them. Or, suppose you could see the relative IRR of your top five product lines over the past two years, and instantly shift your view based on geography, distribution model, or any other factors to gain deeper insight. With Qlik, you can always learn more by simply asking "Why?".
Many finance teams rely on spreadsheets like Excel to analyze data. As convenient as this seems, it introduces many challenges. With spreadsheets, people spend about 80% of their time manually extracting and prepping data and only 20% analyzing it. And layering on additional visualization tools just adds another step to this process. Further, this ungoverned process can often introduce inaccurate data, which reduces confidence in the analysis.
Qlik automates and accelerates data integration and prep, empowering finance teams to focus their time exploring trusted, governed data using powerful analytics to uncover hidden insights they can’t find with spreadsheets.
“The Qlik platform has given the team at Raymond James the ability to streamline data with a single source of measurement across the board, enabling true digital transformation.”
“We can provide our users and our internal data team with the near-real-time data they need.”
“At any time we can see income and expenditure for service lines, even getting a P&L for each patient. We're linked into the external data feeds so we can benchmark against peers too.”
“One of today's top business challenges is turning massive amounts of data into valuable insights. Thanks to Qlik, TCUnet financial analysts spend more time consuming and analyzing data—as opposed to gathering it.”
“With Qlik Sense Cloud Business®, we can take a lot of the individual data elements ourselves and load them in to generate the types of reports and trends that are useful.”