Finance departments are at the heart of each company. Finance activities include planning, forecasting, budgeting, and analysis to support major business decisions and analyze the overall financial health of the company, as well as accounting and treasury tasks. All those activities require precision, correctness, repeatability, and speed. In order to obtain repeatable, reliable, correct, and fast procedures, many companies have already started digital transformation projects for all finance processes.
In this booklet, we collected a set of jump-start workflows for common operations in finance departments. All those blueprint workflows have been stored in a dedicated repository on the KNIME Community Hub, named KNIME for Finance, and are available for free download and usage. So far, the
KNIME for Finance space includes the following topics covered in a generic finance department: Accounting, Audit & Compliance, FP&A, KPIs, Tax and Financial Services.