The CFO has to leverage data and analytics in all financial decision making.

Verodats Excel Add in means that your data can be easily and immediately brought into Excel (or any of the main analytics tools on the market) from right across the business. This gives you the data you need, in a tool you and your team already use, for easy access and review.

With high-quality data now readily available in Excel. You and your team can now use a tool you’re familiar with to find new insights and quickly and efficiently build out new reports without the need for extensive data prep.

With one click you can navigate to the Verodat uploaded data in your workbook, view the data’s supply status and check the provenance of the figure right back to a certified audit trail provided by Verodat. Ensuring you know who and where and how that information was obtained.

With an AI Ready Data Layer, the team can easily switch on Excel copilot to analyse reasons behind differences between projected financial outcomes and actual results, helping you and your team easier understand the root causes of performance deviations. Augmenting your team’s skills with AI to upskill their ability to analyse and build complex formulas.

Automate briefing notes sent directly to your colleagues. Easily scaled and personalised per recipient to focus only on the key points they need, in a format that suits them. For example, the department heads can get a daily email with detailed actuals whereas the CEO might get an audio file, giving them a quick run down of the budget headlines when needed.

A Verodat powered chatbot, trained on your AI Ready Data offers a chat interface where they can ask questions of the data and receive natural language responses. If a question like “what percentage of the yearly marketing budget was used in Q2?” comes up in the meeting, they can simply ask the chat and get a verified answer in seconds.

When your team is using the Verodat chatbot to ask additional questions on your reports, you can analyse questions being asked and log and track them in Verodat. This will help you uncover what data your team need to do their job and easily add additional personalised reports based on these regular queries.

With AI ready data and a trained model managed by Verodat, AI can monitor predefined events in your workflow. You can then automate triggers to carry out actions based on the event – i.e AI can analyse patterns in the organisation’s spending data, identifying cost-saving opportunities or areas of inefficiency. AI systems can automatically flag unusual or excessive spending and recommend optimisation strategies.

When working off Verodats AI ready data, AI can use predictive models to forecast the likelihood of things like occurring in the future with incredible accuracy, based on historical data and current behaviours. AI-powered predictive analytics can analyse historical financial data, market trends, and external factors (like economic indicators) to generate more accurate forecasts for revenue, cash flow, and expenses. Machine learning algorithms continuously improve these forecasts as more data becomes available.

Verodat makes it easy to defend your decision making and meet your audit and regulatory requirements . Your data in your Verodat workplace has full supply status and attribution included, so you can trace your end reports right back to the point of origin. If you’ve used AI in your reports, the context, supply status and attribution means that the outcomes are fully verifiable, defensible and repeatable.