Finance Analytics

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.

Explore Finance Analytics

Expense management with finance analytics

Qlik streamlines expense management by unifying siloed data and delivering more complete and accurate insights. Finance teams can dig deeper into expense, procurement, and contract data to discover the real cost of doing business while identifying new ways to reduce costs and increase profitability.
  • Screenshot showing Dynamic Actual v. Forecast Expense Analysis

    Drive cost reduction and improve expense management

    Find new ways to save money and improve financial processes by using financial analytics to analyze large volumes of data from multiple geographies and business lines.

  • Quickly analyze large volumes of vendor contract data to make smarter spending decisions

    In this demo, see how six years of data from over two million US government vendor contracts can be efficiently analyzed to uncover important trends and develop more cost-effective vendor strategies.

  • Optimize the procurement process

    Explore this demo to understand how Qlik’s finance analytics empowers finance departments with the ability to monitor spending, payments and balances—along with contract status and dates—to more effectively manage the procurement process.

Explore top finance analytics resources

EBOOK

Business Transformation through Financial Analytics: 8 Stories of Success

EBOOK

Accelerating Strategic Behaviors: A Finance Leader’s Guide to Data Modernization

DEMO

Finance Toolkit Demo: Ten Powerful Finance Analytics in One App

Explore financial data without boundaries

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?".

Watch Finance Toolkit Video

Financial analysis and planning to optimize budget allocations and forecasting

Qlik enables more operational and financial control—putting the power of sophisticated analytics for advanced forecasting, budgeting and planning into the hands of finance teams.

  • Enable true data-driven forecasting, budgeting and planning

    Qlik streamlines processes while providing more in-depth analysis of forecasting, budgets and financial plans. Create more effective strategies to save money and manage risk.

  • Streamline analysis and gain unparalleled financial insights

    See how finance and accounting departments can use Qlik’s single application to make more informed decisions using analytics for cash-flow, break-even, amortization and many others.
Illustration comparing Qlik vs spreadsheets

Qlik vs spreadsheets – focus on analyzing data, not preparing it

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.

Finance analytics for revenue and profitability management

Finance teams must monitor revenue and profitability to support a healthy financial balance within their companies. Qlik’s advanced analytics make it easier with improved cash conversion cycles and enhanced visibility into balance sheets.

  • Streamline financial reporting and reduce financial burden

    Learn more about how Qlik makes cash-flow and balance sheet management far less labor- and time-intensive. Qlik also creates easy access to insights that enable finance teams to accelerate reporting and reduce financial burden.

  • Improve financial performance with a complete view of products and services

    Gain a complete, multi-dimensional view of your product portfolio to more effectively identify and act on evolving marketing behaviors and pricing tradeoffs. Drive growth and increase margins through reduced slippage. Mitigate risks from underperforming revenue streams.

Modern finance analytics for risk and compliance

Qlik gives financial professionals the tools they need to solve complex risk and compliance challenges. Access and combine data from multiple sources and effectively align governance models with business priorities. Make smarter and more transparent decisions while decreasing risk, penalties, and fraud.

  • Gain an enterprise-wide view to mitigate risk and ensure compliance

    Qlik enables better risk and compliance decisions by unifying data from across enterprise data silos. Get the insights needed to identify areas of risk and mitigate problems before they occur. Operate with more transparency to reduce the compliance burden.

  • Balance risk and return on your commercial loan portfolio

    The Risk Adjusted Performance Management demo application shows how finance teams can gain insights to improve Return on Equity and Return on Assets in order to make more profitable loan decisions that factor both performance and risk.

  • Enhance operational and financial control in governmental finance

    Governmental organizations have unique finance and accounting challenges. Qlik’s dynamic finance analytics can improve financial management, support efficient regulatory compliance, and maximize program performance and spend.

See how Qlik empowers thousands of finance teams across the globe to manage risk, save money, and increase profits.

“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.”
Laura Ashworth, BI Architect and Analyst Lead, Raymond James Finance
“We can provide our users and our internal data team with the near-real-time data they need.”
Clint Clark, VP, Finance Performance Systems and Data, Schneider Electric
“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.”
Darran Hague, Head of Corporate Information, St. Helens & Knowsley Hospitals NHS Trust
“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.”
Michael Benassi, Supervisor of Business Intelligence at Teachers Credit Union
“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.”
Wayne Printy, Chief Financial Officer, Lincoln Health

Learn more about our finance analytics solutions.