Beginning their finance transformation journey back in 2019 – and, in many regards, leading such a practice across several different areas – Bell Finance saw the potential emerging technologies have to fundamentally transform the way that they work and the services that they provide, discerning that data and analytics (D&A) is core to what they do as a finance function. So fundamental, in fact, that they consider D&A to be a cornerstone of their entire transformation, if not the chief driving force behind it.
If you stop to consider what a finance department or an accounting function actually is, you’ll quickly realise that it begins and ends with data and information – and the packaging up of that information is to either produce new insights to help develop reports forecasts, or to ultimately provide recommendations and services to the organisation as a whole.
It's really about being able to develop a leading edge practice by moving away from a traditionally federated approach to managing data and analytics, channelling it into a centralised team and a centralised system. This has really helped Bell Finance’s function to accelerate its transformation and to have a specific focus, ensuring that their entire finance community has access to all of the data they need in order to carry out their day-to-day jobs.