Automating Finance Analysis: Reallocate your Time to What Matters

Overcome manual data aggregation and eliminate error by using KNIME in FP&A, Controlling, Treasury, Tax, Audit, and Compliance

Finance Analysis, FP&A
Put your data to work, shorten time to value, get started with solution blueprints and quickly get insights, excellent ROI, scalable end-to-end automation.
Too busy to improve

Too busy to improve

Finance and Business Analysts are expected to provide data based insights and guidance for where the company is heading. Unfortunately, they often don't have the time for analyzing and making sense of the data. Instead, they are busy getting data in shape that are fragmented, inconsistent, and from many sources.

Too critical to fail

As "Score Keepers", there's no room for errors – it’s about the company’s value and compliance – which puts a lot of manual work for revising the numbers on top of the manual work already invested in patching them together. Transparency, auditability, and quality control of results are base requirements.

Learn more about the ten common issues when using Excel for data operations.

Data Aggregation and Automation with KNIME

KNIME provides solutions for FP&A teams to repeatedly aggregate data for reports, insights, and audit. The extremely flexible, no-code visual workflows allow safe access to the right level of complexity. 

Finance Analysts get a no-code software that automates their repetitive tasks and makes data more reliable and more insightful – much more quickly.

Finance Managers see their teams becoming significantly more productive, motivated, and enabled to generate reports faster, deeper insights, and better forecasts.

Shared Services such as Centres of Excellence, IT, and Business Consultants are able to provide packaged solutions that the Finance Teams can use without further technical expert support.

Finance Team

KNIME for Finance in Action

How Finance Built their own Reporting and Dashboarding Suite using KNIME

Bringing KNIME, PowerBI, and Microsoft Teams together for automated financial reporting and saving thousands in commercial licenses per year.

Read Success Story

Finance Process Centralization with KNIME

Automating financial cost accruals based on multiple business rules and saving 5 weeks per year.

Read Success Story

Get started with KNIME Solution Blueprints

These blueprints can be used not only as solution starters but also to get an idea about the capabilities of KNIME.

Advancing from data aggregation and preparation, more complex blueprints are available too, for example for cash flow prediction, fraud detection, and automated credit approvals. All of these workflows and components can be customized without limitation and used freely in KNIME Analytics Platform.

View Blueprints
workflow

Use KNIME to Enhance your Existing Environment

Excel, SAP, and Other Data Sources

Visual, replicable workflows replace macros and manual copy / pasting. Access and combine any kind of data source. Automate data cleansing and reporting.

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BI Tools (Power BI, Tableau, …)

Get your data in shape with KNIME and use it directly in your BI tool, based on the same workflow. No licence needed for free data preparation.

Visual Workflow Data Analytics Platform

Are you already using a visual data workbench? Then evaluate replacing it with KNIME and you get powerful data wrangling, no limits in users and data rows, and access to advanced text mining and ML.

How to move away from macros: Download our free "From Excel to KNIME" book.

The Transformation of Finance Anaylsis

The journey of maturing Finance Analysis is different for every organization and usually starts where the pain is biggest ... spreadsheets. But there shouldn't be any limits in where you go by the choice of tools. With KNIME, data analysis will grow limitlessly with the task at hand: unlimited automation, data, and data sources, connect with any 3rd party systems, full flexibility in execution, plus the solutions and techniques to solve even the most advanced challenges in planning, forecasting, and strategy.

Finance Transformation

KNIME for Finance Analysis

Sleep Friendly – Automation

No more manual Copy ... Paste ... Check ...

  • Data gathering from any data source

  • Data cleansing, with manual interference and overwriting where required

  • Automated completion of custom reports, tax statements, payables, …

  • Exactly the same data prep can be used together with BI tools

Compliance Friendly – Visual workflows

“We are building our plans based on the correct data, right?”

  • Based on visual workflows: every step is transparent and self-documenting

  • Never lose the transactional level of detail: keep the overview and drill down whenever needed

  • Predictable and repeatable: workflow be used to prove compliant handling of data

  • Easy to teach new users, easy to use with externals

Future Friendly - Open

Prepared for every stage

  • Unlimited users, unlimited rows, unlimited functionality

  • Free blueprints and custom solutions - from data handling to advanced methods

  • One platform to collaborate with coders, finance experts, and business

  • No limitation to scaling

IT Friendly - Enterprise Grade

The software that complements your IT setup

  • One concept, integrated complementary packages

  • Runs on Linux, iOS, Windows

  • IT can approve and distribute packaged functionality but isn't needed for the day to day work

  • Flexibly adapting to enterprise IT needs

Find out how to overcome manual data aggregation and eliminate error by using KNIME in FP&A, Controlling, Treasury, Tax, Audit, and Compliance.