way organisations are analysing how financial data connects within operations , HR , supply chains and other various components .
“ Because finance and financial departments are so heavily regulated , they tend to have the best standards and the starting point for data and data governance .”
Modernising accounting and financial reporting Insurers looking to level up their data architectures and operations can leverage Oracle ’ s Enterprise Data Management Cloud Service , which allows enterprises to immediately store metadata in a defined structure – making best use of this data as it comes to the architecture .
“ The language used by the CFO in an insurance company is changing alongside shifts in the underlying metrics ”
GEETIKA CHOPRA SENIOR DIRECTOR FOR PRODUCT
MANAGEMENT , ORACLE
Cloud solutions can help insurers reduce costs associated with the processes needed to keep up with regulatory demands . They provide enhanced scalability , increased capability on a quarterly basis , lower IT operating costs and increased security .
As put by Bowers : “ The beauty of cloud solutions is that they provide enhanced scalability , increased capability on a quarterly basis , lower IT operating costs and increased security .”
Other products such as Oracle ’ s Financial Services Advanced Analytics ( OFSAA ), and the new Financial Services Accounting Foundation Cloud Service ( AFCS ), help
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