Financial Business Intelligence: Trends, Technology, Software Selection, and Implementation

Turn storehouses of data into a strategic tool

Business intelligence has recently become a word used by almost every CFO, controller, and analyst. After having spent the last decade implementing Enterprise Resource Planning software and other mission critical solutions, companies now have large databases with transactional data sitting in their computer rooms. Now, finally, the technology has reached a point where it is possible- in almost real time-to quickly and easily analyze the financial data in the corporate databases, to be able to make more intelligent business decisions. This book will help financial managers understand the trends, technology, software selection, and implementation of financial business intelligence (financial BI) software. With a dictionary of business intelligence terms, a comprehensive list of Request for Proposal questions, and examples of popular financial business intelligence reroutes and user interfaces, this book enables managers to measure their companies' business intelligence and maximize its value.

Being competitive in the Information Age demands that organizations not simply collect data, but that they excel using that data to drive better decisions, faster. Financial Business Intelligence: Trends, Technology, Software Selection, and Implementation serves as a good starting point for finance aspects of leading edge business intelligence efforts, efforts that are necessary to win in today's competitive markets." (Bob Lokken, CEO ProClarity Corp.)

This book is a must-have reference for any company that is serious about creating value through business intelligence. Like his previous books on finance, Mr. Rasmussen's approach is straightforward, comprehensive, and objective. Companies that choose not to learn the language of financial business intelligence will be illiterate and unable to communicate value to its shareholders and business community. Mr. Rasmussen's book is the ultimate lexicon for financial and business professionals interested in establishing a dialogue.
Mr. Rasmussen is keenly aware of the revolution that is coming in financial business intelligence. Today, his book is a must-read for financial and IT professionals, but tomorrow, his book will be a survival guide for all business executives.
Mr. Rasmussen has put a roadmap into the hands of every financial professional who has been lost or wanted guidance in conceiving a system and strategy for financial business intelligence.
Mr. Rasmussen has the gift of genius in distilling the complex and abstruse into the simple and obvious. His practical book on financial business intelligence leverages the power of organized thinking and processes into corporate value creation.
This book is a significant milestone in business intelligence and a must-have reference for any business professional interested in developing financial business intelligence tools that can be readily adopted by an organization. (Edward Hwang Director of Financial Planning Earthlink, Inc.)