Page 81 - Confluence - Souvenir 2023 - Flip Book

Shaping tomorrow: Analytics in the finance and accounting

John Varghese, Managing Partner – HLB HAMT

Accounting and finance professionals
have embraced analytics as a valuable
tool for decision-making and improving
business performance. Analytics provide
insights into trends, past performance, detection and prevention, audit
and future predictions, aiding in risk analytics, and compliance risk
management, fraud detection, financial management. By employing analytics,
forecasting, budgeting, and performance SMBs can make better-informed
monitoring. Small and medium-sized decisions, reduce risk, and improve their
businesses (SMBs) can benefit from bottom line.
financial analytics by accessing accurate
financial records and reports. HLB HAMT is a trusted partner in the
auditing sector, offering high-quality
Predictive and prescriptive analytics offer audit and advisory services. With a focus
data-driven insights that help SMBs on technology-driven operations,
comprehend previous performance, including data analytics, robotic process
forecast future strategies and make automation (RPA), and business
informed decisions. Cloud-based intelligence dashboards, HLB HAMT
analytics solutions, such as Microsoft assists clients in managing risks and
Power BI, Azure Cloud Services, providing cost-effective services.
Salesforce, and Tableau, are now
available to SMBs, enabling them to In summary, analytics empower SMBs
leverage advanced analytics capabilities. and finance professionals to enhance
The COVID-19 pandemic accelerated the efficiency, make data-driven decisions,
adoption of analytics by SMBs, and mitigate risks. By leveraging the
enhancing their understanding of its power of data, SMBs can gain a
value in finance. competitive advantage and improve
their financial performance. HLB HAMT is
Analytics are crucial in financial committed to supporting clients in
forecasting and planning, cash flow navigating the evolving landscape of
management, risk management, auditing and advisory services with
budgeting, performance analysis, cutting-edge technologies
bookkeeping automation, fraud

www.hlbhamt.com

www.icaidubai.org 81