DepartmentView – Spotlight on Finance

Financial Analysis: An Important BI Staple for Most QlikView Users

"With QlikView, the Managing Director and CFO have visual dashboards with KPIs to monitor the financial performance of all departments against their operating plan. We can see how the business is doing today—right now. We do it on the fly. It doesn’t take two or three days."

Jacob Hoffmann-Petersen, IT Manager, IDG Danmark A/S

Customers acquire QlikView to meet a variety of “immediate” business needs. More often than not, some form of financial reporting to analyze performance is involved. Even when financial analysis is not the immediate need, QlikView quickly finds its applications at the desktops and laptops of CFOs, CEOs, managing directors, division vice presidents, controllers, business analysts and accounting department staffs.

It is safe to say that financial analyses are among the leading QlikView applications for most of QlikTech’s nearly 6,000 customers. Thousands of executives and financial managers around the world rely on QlikView for:

Graphical KPI dashboards for business improvement measurement throughout the organization
Financial analysis across unlimited dimensions – by customer, product, product line, industry segment, geography, business unit
Automated, consolidated financial reporting – from ERP or custom applications, Excel™ spreadsheets, or other sources – in an instant
Budget summaries by geography, department or overall, including actuals and accruals in both local and corporate reporting currencies
Detailed profitability analysis
What-if scenarios and predictive analysis for proactive planning
User-specific, secure views and distribution of updates
Streamlined Sarbanes-Oxley compliance reporting – with a clear audit trail across multiple data sources

"By creating sales trends and profitability margins with QlikView, we have a better understanding of where our company is financially. The best part is that these reports can be created in minutes, with a single-click of the mouse. In the past, we needed programmers to set-up the reports and it was a long and arduous process."

Kristian Nummelin, CFO, Halton Group

As finance professionals know only too well , consistent financial information and results were elusive prior to using QlikView. “We had multiple reporting sources and never knew if a problem was just bad data or a real issue,” says Tom Gill, the regional CIO for Aon Asia. QlikView provided the tool to expose bad data and report exactly how the business is doing—“the information I have been wanting for ten years,” according to the company’s Chairman and CEO Bernard S.Y. Fung. Read how Aon uses QlikView to track revenue across multiple market segments, countries and practice groups here.

New QlikView applications can be deployed in days, users can be trained in minutes, and end users get results instantly. All of which leads to the spread of QlikView through other departments within an organization after the initial “immediate” BI needs are met. For most QlikTech customers, financial analysis – if not the first QlikView application – quickly becomes the next QlikView application.

Does your company have a success story you’d like to share? Contact us!

On-Demand Web Seminar: Focus on Profit — Financial Analysis Simplified

In 10 days you can have the business visibility you need! Learn how easily you can:

Analyze performance – across customers, products, and geography
Maximize profit – easily identify what drives growth
Quickly evaluate key ratios – with graphical KPI dashboards
Monitor cash flow – ensure the right resources are in the right places

Available on-demand! Just qlik here.


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