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  • Writer's pictureThomas Tsang

Data analytics

In accounting, there are vast accounting data. Most of the company thought that accounting data just used for prepare historical financial information and compliance only. They treat accounting as cost and waste of resource.

This mindset needs to change right now. The accounting data are useful for prediction of future behaviour of customer, suppliers or business environment. The application of data analytics skills can transform the data into useful information for better management decision making. It help to determine the strategy, design the tactics to address the business problem or risks.

Thus accounting function with vast data is value to the business.

Make use of Data Analytics.

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