Finance Analytics

Deliver finance analytics that inform planning and decision making

Finance analytics: Big investment, very low return

Finance analytics reporting and support account for almost one-third of finance function spend. But these investments are failing us: Finance data is not suited to modern decision making, and managers lack the knowledge to use it correctly.

Misuse of finance analytics can cost organizations as much as 1% of revenue per decision, adding up to dramatic business impact over time. 

We haven’t yet seen better quality decisions getting made despite investing in data scientists and expensive systems with advanced analytic capabilities.

CFO, Fortune 500 Company

Recapture the value of finance analytics

Enforcing standards through tighter policies and controls will not improve finance analytics usage or usefulness. Instead, as a part of finance transformation efforts, business managers and finance staff should collaboratively define, develop and apply finance analytics. Decision teams with clear data governance roles and responsibilities can brainstorm problem economics, co-create more intuitive reporting formats and push one another’s thinking. 

Insights you can use

Leading organizations embrace a business-centric approach to finance analytics. To enable growth, generate finance analytics that significantly improve decision making.

Create a shared view of business objectives and drivers

Despite the significant investment in analytics, few finance organizations have attained a high enough level of maturity to implement advanced analytics.

Business managers and finance staff should co-design finance analytics frameworks for a shared view of performance.

Make it easier to act on finance analytics reports

Shift finance analytics from passive, standardized reporting to more engaging, relevant guidance that encourages dialogue and discussion by:

  • Basing finance analytics on scenario analysis
  • Building more commentary and opinion into finance analytics reports
  • Making finance analytics reports more accessible

Use finance analytics to motivate better decision making

Progressive organizations are reorienting roles for joint finance analytics decision making. To start, focus on business decisions first and finance analytics last. Then improve finance analytics problem-solving processes by anticipating and planning for failure early.

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Gartner CFO & Finance Executive Conference

The Premier Destination for CFOs and Their Leadership Teams

Join hundreds of senior finance executives to hear key insights and learn actionable strategies for building the finance function of the future. Finance leaders who attend will:

  • Absorb insights based on proven practices 
  • Capture crowdsourced implementation ideas 
  • Leave with prioritized objectives and practical solutions
  • Build lasting connections with finance peers

After attending [the Finance Conference], we were able to locate and mitigate a $2 million risk [and] avoided a potential audit.

Defense Firm
Case Study

How Gartner helps clients with finance analytics

Listen to the CFO at March of Dimes discuss how Gartner helped with finance analytics, specifically defining metrics and creating value.

Gartner finance analytics experts

Gartner’s finance experts include more than 35 associates worldwide. Meet a few of our leaders.

Jake Dunne
Director, Advisory

Tim Raiswell
VP, Analyst

Richard Ries
VP, Advisory

Nicole Kyle
Director, Advisory

Gartner’s finance experts are trusted advisors and an objective resource for more than 1,750 finance organizations

Gartner for Finance Leaders provides insights, advice and tools to help finance leaders make the right decisions to drive business results.