Today, we are excited to announce several updates and additions to the Analytics Data Hub for Finance solution – Incorta’s powerful and extensible solution for unifying financial and operational data, automating delivery of business-ready data and fortifying trust and confidence in data for better decision making in the office of finance.
First, we have integrated BlackLine and Workday as new data destinations within the Analytics Data Hub for Finance. With these integrations, IT teams can now give users access to real time operational data, journal entries and subledger details. Accounting and FP&A teams can freely drill into detailed transactional data for analysis, slashing financial close cycle times and significantly improving accuracy of financial plans, budgets and forecasts — all within their preferred accounting and financial planning environments. (These integrations add to a growing list of data destinations including Azure Synapse, Tableau, Power BI and Google Sheets and more.)
For those who use Excel as their financial planning, analysis and reporting environment of choice, we have also released a native Excel integration that combines the power and functionality of Excel with unmatched precision and customizability to create interactive, pixel-perfect financial reports without the need to leave the Incorta platform.
We also released the first BlackLine data application, which offers the quickest and easiest path to production with prebuilt analytics content to access Oracle EBS data and jumpstart your financial analytics project. Data applications include physical schemas that map directly to the data sources, business views that organize data for easy consumption by business users and rich, interactive dashboards that provide metrics and visualizations. A comprehensive collection of data applications for popular data sources, business applications and finance use cases is available in the Incorta Marketplace.
With these updates, IT organizations can now make detailed financial and operational data available within BlackLine, Workday Adaptive Planning and Excel to speed up the financial close process and improve the accuracy of forecasting, budgeting and scenario planning. That’s powerful.
This news comes just three months after unveiling the Analytics Data Hub for Finance at the ODTUG Kscope 2022 conference in June. Since then, we’ve seen tremendous interest and excitement from customers and partners alike.
Loved by finance (and the IT teams enabling them)
The Analytics Data Hub for Finance solution brings newfound speed and flexibility to financial and operational analytics. The end-to-end self-service platform enables finance teams to perform real-time analysis of all detailed financial and operational data in one place, with ironclad security and governance controls. Delivery of business data from multiple, complex data sources to a variety of data destinations is fully automated.
More specifically, IT teams leveraging the Analytics Data Hub for Finance solution can more easily collaborate and share critical business data in a unified environment that:
- Enables analysis of raw financial and operational data in original form at record-breaking speed via Direct Data Mapping®, a highly efficient in-memory optimized join index, and without transformation or data loss.
- Makes it fast and easy to acquire the latest data from business data sources, with 50+ supported data connectors and access to 240 data sources
- Makes it possible to query billions of rows of data and hundreds of joins in seconds, and run on-demand ad-hoc queries to answer new questions without the need for additional data engineering and new reports, via a revolutionary analytics engine
- Speeds up deployment of dashboards and reports for accounts receivable/payable, financial planning and fixed assets with data applications that provide prebuilt analytics content for Oracle, NetSuite, SAP and more
- Delivers complete control over data access and governance by retaining all existing data security parameters from source systems
Learn more and try it free
Looking ahead, we are rapidly expanding the Analytics Data Hub for Finance to meet demand and support even more use cases in the office of the CFO. As today’s news demonstrates, we are committed to working hand in hand with today’s most popular and widely-used finance tools to do it.
To learn more about the Analytics Data Hub for Finance and how the solution enables real-time financial and operational analytics, drives business agility and enables data curiosity, join Incorta product experts for a webinar and virtual-hands on lab on November 3 at 12pm ET / 9am PT. To see how Incorta customers like Comcast, Light & Wonder and others leverage pre-built data applications to automate data delivery for the office of finance, register for Incorta data app week – a new virtual event series hosted by Incorta and taking place December 6-9.
You can also try it out for yourself – start a free trial today.