AFC Advanced Analytics
Take your business finances to new heights with AFC Advanced Analytics. Exploit Machine Learning to get second opinions about your budget using models with over 300 inputs. Become more data driven in an intuitive interface environment.
The evolution of business finance comes in many forms, shapes and technologies. At Solitwork, we strive to develop business finance through advanced analytics. AFC Advanced Analytics will enable you to optimise and empower your digital finance transformation with an intuitive platform which creates real insights and efficiencies in the business.
Automate manual processes and increase accuracy
The AFC Advanced Analytics module provides you with a total of 6 pre-made models to optimise your business finance processes. These models seek to tackle various topics such as Budget forecasting, Churn analysis, Fraud detection, Image recognition, text mining and Anomaly detection. All models are available within the AFC platform giving you clear and known advantages and functionalities. This automates loading finance data into the models with one-click deployment to existing cubes, making it possible to enhance existing data by combining it with the model data.
AFC Advanced Analytics is the ideal solution for your company if you seek to:
- Develop your business finance and use emerging technologies in you favor
- Minimize time requirements of manual processes such as budget and planning
- Automate internal processes surrounding the business finance department
- Take preventive steps to maintain existing customers and lower churn rate
Report in any front-end tool
As well as the Advanced Analytics module, AFC Software will provide you with standardised reports created in Power BI. The integration of Advanced Analytics into the AFC Platform means all results can be made available in the reporting cubes. This enables a new machine learning dimension available for reporting in any front-end tool, including Power BI, Excel, XLCubed and others.
Get a second opinion with automated algorithms
Imagine that you, as a CFO, are being presented with a forecast on a crucial product line for the overall organisation budget. To ensure accurate results, the AFC Advanced Analytics module can be used as a precursor for scenario analysis as well as a second opinion. The results can be directly compared with existing budgets and scenario analyses through an automated process within the AFC platform.
An intuitive module with a high impact
The module will enable your business controllers to become advanced analytics specialists. The models within AFC Advanced Analytics can be dynamically modified to include several external factors such as weather forecasts, seasonal trends, holidays and other business specific impact drivers. AFC Advanced Analytics combines state of the art machine learning models with business specific inputs accessed and changed directly from within the AFC interface. A machine learning model can contain over 300 factors when creating a prediction for any given product, department, or organization to ascertain highest possible accuracy.
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