What is BI?
Business Intelligence (BI) is the practice of transforming your raw data into meaningful insights. It involves using various tools to better understand the wealth of information your business generates. This is crucial for corporate treasury, finance, and risk management where you’re dealing with vast amounts of data.
Why use BI?
Automating your treasury, finance, and risk management tasks is just the first step. Now that you have more data and more time, the real work begins. This is where Business Intelligence comes in. It helps you interpret and use the data from your automated systems to make more informed and strategic decisions.
BI provides clarity, enabling you to be proactive rather than reactive. It turns your data into visual, easy-to-understand, and actionable insights.
Risk Management: monitor and control risks related to FX, interest or counterparties more effectively.
Liquidity Management: understand where your cash can provide the best yield, aiding effective cash management.
Treasury Analytics: monitoring of your cash positions, investments, and debts, giving you a clear view of your financial status.
Working Capital Optimization: By having insights into your cash conversion cycle, you can optimize your working capital.