Every day, thousands of Financial Managers, around the world, use financial reports that describe what has been happened in the prior period or predict what it will occur in the near future, and based on these they make significant decisions for their companies. How much complete, useful and timely is this information? How far the existing type of information can lead to correct decisions and to efficient identification and mitigation of risks? Modern tools of assessment and data analysis (data analytics) in combination with on time information are coming to answer these questions.
In a particular developing environment, Financial Management should receive continuous and timely information and dedicate time in the exploitation and analysis of available information targeting to making correct and fast decisions. The receipt of timely information and its assessment are performed with the assistance of electronic data processing and information software.
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