We did it again! For the third consecutive year, Incorta is named to the Deloitte Technology Fast 500 list, which recognizes the fastest-growing public and private companies across the technology ecosystem.
It’s a tremendous accomplishment that speaks to the innovation, growth and momentum happening here at Incorta — as well as the value and importance of our technology, especially in times of heightened economic uncertainty. We hear from customers every day with inspiring stories about the impact real-time analytics on raw business data is having on their business — with finance IT teams often leading the way. It’s a point of pride for everyone here at Incorta and the driving force behind everything we do.
The influx of interest we are seeing this year from finance IT and their partners in the office of the CFO is extraordinary. For years, industry analysts and commentators have been forecasting a wave of innovation coming to finance IT and now it finally appears to be materializing in full swing.
It’s easy to see where the urgency is coming from — just take a look at the key takeaways from Deloitte’s past three quarterly CFO surveys:
- 1Q 2022: Diminished optimism for North American and European economies looking a year out and CFOs cite geopolitical tensions and inflation as top external concerns.
- 2Q 2022: CFOs lowered their year-over-year (YOY) growth expectations for revenue, earnings and capital spending, compared to 1Q 22.
- 3Q 2022: Nearly half of CFOs expect a recession in North America by 2023, but more are concerned about inflation.
How are companies responding to these shifts? According to the latest Deloitte CFO survey: “Many of the CFOs surveyed have taken several steps in the past year to alter, reduce, or streamline the types of work their finance teams perform, notably driving digital transformation and/or automation; leveraging technology and/or transforming ERP; improving and/or standardizing processes.”
The report also notes: “More than half of CFOs cited financial planning and analysis (52%) and information technology (50%) as the capabilities that most require greater investment in their finance organizations.”
The Incorta Analytics Data Hub for Finance solution
Finance IT teams and their partners in the office of the CFO at some of the world’s largest companies have been leveraging Incorta for years to streamline data delivery and supercharge financial analytics. This past summer, we launched a brand-new solution geared specifically for the office of finance that leverages our collective learnings over the past 8+ years. It’s called the Analytics Data Hub for Finance solution and it’s a total game changer for companies that still rely on traditional data pipelines and processes for ERP and financial analytics.
More specifically, the Analytics Data Hub for Finance solution brings newfound speed and flexibility to financial and operational analytics. It’s an end-to-end self-service platform that makes it infinitely more practical and cost-effective for IT teams to empower their partners in the office with the ability to perform real-time analysis of all financial and operational data with ironclad security and governance controls — all the way down to transaction-level details.
To learn more about the Analytics Data Hub for Finance solution and see how Incorta customers leverage prebuilt data applications to solve their top financial analytics challenges, sign up to attend Data App Week — a live virtual event series hosted by Incorta from December 6-9, 2022.
You can also try it out for yourself — start a free trial today and see what real-time analytics on raw business data can do for your CFO and finance team.