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Business Intelligence

Business Intelligence 

Business intelligence (BI) refers to the coordinated deployment of technologies, applications and business processes to support the collection, integration, analysis, and presentation of business information. The purpose of business intelligence is to help managers and others responsible for business strategy better understand their organization’s operations, make wiser, more informed business decisions, and manage operational performance.  

BI systems use data that has been gathered into a data warehouse or a data mart to present historical, current, and predictive views of business operations. Operational data may also be used. The software components of a BI system support the extraction, analysis, and reporting of information, providing detailed sales, production, financial and other business data. This information may be compared to historical data, or data related to comparable companies in order to provide valuable benchmarks. 


Featured Resources:

Business Intelligence in the Enterprise: A Strategic Overview for the CPA (Executive Summary)
In this executive summary, accounting and financial professionals are introduced to the concepts, principles and practices associated with BI that can drive success in an organization.


Business Intelligence Value Proposition Tool Kit
The Business Intelligence Value Proposition tool kit is an aid designed to help organizations considering implementing a BI platform, identify the true costs and benefits associated with a typical BI implementation.  See the Business Intelligence Value Proposition Tool Kit - Case Study: Big Builders for additional information.


Data Management

The IT Resource Center is providing two resources to help accountants and finance managers to understand the best practices associated with data management and data retention.

 

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Business Intelligence

Overview :  Business intelligence (BI) refers to the use of technologies to support the collection, integration, analysis, and presentation of business information. The purpose of business intelligence is to help managers better understand their organization?s operations, make more informed business decisions, and manage operational performance.
Published on April 26, 2012

Data Management

Overview :  Data management plays a significant role in an organization’s ability to generate revenue, control costs and mitigate risks. Successfully being able to share, store, protect and retrieve the ever-increasing amount of data can be the competitive advantage needed to grow in today’s business environment.
Published on April 26, 2012

A Practice Aid for Records Retention

Whitepaper :  This practice aid provides an overview of what to consider when assessing records retention requirements, discuss possible frameworks that can be applied in the development of a records retention policy, and provides an overview of the factors that organizations should consider in assessing their records retention needs and strategy for
Published on April 24, 2012

An Overview of Data Management

Whitepaper :  This document provides an overview to help accountants understand the potential value that data management and data governance initiatives can provide to their organizations, and the critical role that accountants can play to help ensure these initiatives are a success.
Published on April 24, 2012

Case Study Big Builders

Case Study :  This is a toolkit designed to help organizations evaluate the true costs and benefits associated with a typical business intelligence (BI) implementation.  Authors Rob Fisher, CPA/CITP, and Steve Palomino, CPA/CITP have created a complete toolkit encompassing an Excel Workbook with financial models and a case study scenario in the Construction
Published on March 11, 2011

Value Analysis / Cost Justifcation Spreadsheet

Toolkit :  The Business Intelligence (BI) Value Proposition tool kit is an aid designed to help organizations that are considering implementing a BI platform. This tool should help identify the true costs and benefits associated with a typical BI implementation. BI implementations are still mainly strategic in nature and, thus, can make
Published on March 07, 2011

Business Intelligence Value Proposition Tool Kit

Toolkit :  The Business Intelligence (BI) Value Proposition tool kit is an aid designed to help organizations that are considering implementing a BI platform. This tool should help identify the true costs and benefits associated with a typical BI implementation.
Published on January 28, 2011

Business Intelligence Content Suite

Article :  Business Intelligence (BI) helps managers improve the timeliness and quality of information. BI tools include data warehousing and integration applications, report writers and application dashboards.
Published on September 25, 2010

How CPAs Can Drive Business Intelligence

Article :  While there are many tools companies use to analyze data, one of the most useful is BI, or Business Intelligence. Based on background and acumen, the CPA is especially positioned to help clients and employers understand how BI benefits the bottom line.
Published on September 25, 2010

A Framework for Enterprise Business Reporting, Part 2 of 3

Framework :  This paper describes a basic business reporting architecture and provides the necessary background information to enable the reader to understand the architecture’s potential applicability for their organization. The paper also provides practical guidance for initiating and managing an EBR initiative (versus a business unit only initiative) by explaining leading practices
Published on August 24, 2010

A Strategic Overview for the CPA

Overview :  The AICPA Information Technology Membership Section’s Business Intelligence in the Enterprise: A Strategic Overview for the CPA is intended to provide readers with an introduction to the concepts, principles and practices associated with Business Intelligence (BI), as well as practical guidance for initiating and managing an Enterprise BI initiative (versus
Published on August 24, 2010

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