Introduction:
This DAWIB Business Intelligence and Analytics for Finance Professionals
training seminar will highlight how, in a world where firms face intense
competition for both customers and investors, the key challenge for today’s
finance professional is to step-up and support the value creation process by
moving from a narrow reporting role to embrace and exploit the full
opportunities provided by today’s Business Intelligence (BI) and Business
Analytics (BA) systems. This DAWIB Data Management & Analytics training
course will focus on the tools and techniques used by world-class finance
functions to provide the critical business insights C-Suite executives need for
effective data-driven decision management.
This DAWIB training
seminar will highlight:
- The
Vital Role of the 21st Century Finance Function
- How
Finance Professionals can fully exploit BI and BA tools
- Using
BI and BA to improve business processes and performance
- Principles
and Practice in Statistical Analysis and Forecasting
- Practical
Skills for Data Visualisation and Infographics
- Applying
Agile Methods to BI and BA Systems Development
Objectives:
This DAWIB Business
Intelligence and Analytics for Finance Professionals training seminar will
explain and practically demonstrate how finance professionals can make effective
use of Business Intelligence and Business Analytics techniques to optimise the
information and insights presented to managers and senior executives in the
context of data driven decision management.
At the end of this DAWIB
training seminar, you will learn to:
- Frame
financial insights in the context of business process improvement
- Exploit
the tools of Business Intelligence and Analytics systems
- Develop
financial and non-financial key performance measures
- Apply
the tools and techniques of predictive analytics
- Design
powerful graphics for data visualisation and infographics
Training
Methodology:
This DAWIB Business
Intelligence and Analytics for Finance Professionals training seminar will be
presented in a highly participative workshop format using seminars, case
studies and practical examples. Delegates will have the opportunity to develop
practical skills for using predictive analytics for preparing business
forecasts and using Excel to design graphics for data visualisation and
infographics presentations.
Organisational
Impact:
The organisation will
gain through the development and application of capabilities and skills in key
areas of communicating key financial insights to decision-makers; specifically
benefits will include:
- Improved
awareness of key business performance measures
- Greater
financial insights from fully exploiting BI and BA systems
- Better
integration of financial and non-financial performance measures
- Upgraded
data visualisation and infographics
- Raised
awareness of modern Agile approach to systems development
- Enhanced
results from data driven decision management
Personal
Impact:
Delegates will benefit
from the expansion of their knowledge and application of up to date Business
Intelligence and Business Analytics tools and techniques; benefits will
specifically include:
- Ability
to frame financial insights in the context of business process and performance
- Up
to date knowledge of leading edge BI and BA tools and systems
- Practical
skills in statistical analysis and predictive analytics
- Greater
levels of involvement in management decision-making
- Raised
awareness of modern Agile and Scrum approach to system development
- Effective
methods for systems implementation and change management
Who
should attend?
This DAWIB Business
Intelligence and Analytics for Finance Professionals training seminar will
significantly raise the skills and effectiveness of any finance professional
engaged in financial planning, performance management reporting or decision
making support in any organisation using modern Enterprise Resource Planning
systems supported by Business Intelligence and Business Analytics tools.
This DAWIB training
course is suitable to a wide range of professionals but will greatly
benefit:
- Finance
Professionals across the organisation
- Head
Office Planning Managers
- Budgeting
and Forecasting Teams
- Commercial
Managers
- Finance
Strategic Business Partners
Course
Outline:
Understanding Business Models and Business Processes
- Creating
Value for Key Organisational Stakeholders
- The
Role of the 21st Century Finance Professional
- Business
Models and Business Processes
- Business
Process Improvement and Re-engineering
- Introduction
to Business Intelligence and Business Analytics
- Introduction
to Data Driven Decision Management (DDDM)
- Key
Financial Measures and Shareholder Value Drivers
- Key
Success Factors and Key Performance Measures
Purpose and Principles of Business Intelligence and Business
Analytics
- Implementing
a Business Performance Management Framework
- The
Definition and Purpose of Business Intelligence (BI)
- History
and Development
- Features
Tools and Terminology of BI Systems
- The
Definition and Aims of Business Analytics (BA)
- Understanding
Descriptive and Predictive Analytics
- Sources
and Types of BI and BA Tools
Principles of Statistical and Predictive Analytics
- Defining
Statistical, Descriptive and Predictive Analytics
- Business
Database Features and Design
- Principles
of Distribution and Probability Theory
- Time
Series Data Analysis
- Trend
Analysis and Forecasting using Moving Averages
- Trend
Analysis and Forecasting using Linear Regression
- Analysis
and Forecasting with Monte Carlo Simulation in Excel
- Predictive
Analytics using ‘what-if’ Forecasts
Data Visualisation and Infographics for Finance
Professionals
- Defining
Data, Information and Insight
- Comparing
Data Visualisation and Infographics
- Using
Charts and Graphics for Data Visualisation
- Designing
Visuals and Infographics for Non-financial Users
- Using
Excel and Powerpoint for Data Visualisation
- Designing
and Using Scorecards and Dashboards
- Practical
Tips for Building Dashboards and Mashboards in Excel
BI / BA – Implementing Systems and Managing Change
- An
Agile Approach to Systems Development
- Practical
Steps in Agile BI / BA Systems Design and Implementation
- The
Importance of Urgency
- Effective
Steps to Achieving Change
- Overcoming
Resistance to Change