In the stiff competition of today, gearing your SME to a more solid ground demands a deeper understanding of the role of business intelligence (BI) in your finance and accounting functions. 

There are a myriad of digital tools to help you come up with more informed and strategic business decisions, but can the limitations of business intelligence (BI) tools affect your firm at different circumstances? 

In the past five years, accounting data analytics has been a subject of much interest among finance and accounting professionals. Technologies that help us perform business analytics in finance have been widely applied in firms and businesses, offering us unprecedented developments in data analysis accounting and mining.

NO ONE IS SAFE. That is one of the most important lessons we’ve learned in our cyber world these past few months. Every day, hackers and cybercriminals are stepping up their game to get past the cyber security measures of even the most protected systems around the world.

A business intelligence platform is a set of tools that enable users to create applications for people or organisations to better learn from and understand their businesses. This could range from a simple counter to tell which products are selling better to more complicated endeavours such as predicting your company’s future financial status.

The definition of ‘Big Data’ for small business might be easily confused with the enormity of data that a company owns. As an SME owner, you might think that your amassed data is not as substantial as those that large companies have. But in reality, data is just simply data, and the only differentiator is the way an organization makes use of it. Even the smallest business could own a comprehensive data set collected from its customers, and that can definitely be considered as big data. But just how can you get started on big data analytics and use it to improve your business?