Financial analytics for enterprises
Automate financial analytics and 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.
KNIME powers finance teams across industries
Automate repetitive financial analytics tasks to reduce human error and expedite reporting.
Make more accurate forecasts and budgets using data across all your systems and teams.
Understand revenue, spot cost reduction opportunities, and identify profitability drivers.
Success stories
"We use KNIME to automate and streamline our audit processes at ING, reducing data retrieval from eight weeks to instant while enabling auditors worldwide to leverage data analytics efficiently."
Tjasse BiewengaHead of Data Analytics
Why KNIME for finance
Scalable end-to-end automation
- Automate everything from data access and data blending to creation of custom reports, tax statements, and payables.
- Automate the last mile with deployment as a PDF report or in a BI tool of your choice with native integrations in KNIME.
Auditability with visual workflows
- Ensure compliance and traceability with repeatable, visual workflows where every step is transparent and self-documenting.
- Never lose the transactional level of detail, keep the overview and the drill-down when needed.
- Onboard new users faster with an intuitive interface and ensure at-a-glance understanding for stakeholders.
Enterprise-scale data analytics platform
- Prepare for every stage of growth with no limitations on scaling. Give your teams access to all the data they need while maintaining data privacy and security.
- Share and reuse financial analyses and deploy them on-premises or in the cloud.
- Deliver sophisticated machine learning models as data apps to enable business users to solve even the most advanced challenges in financial planning, forecasting, and strategy.
Future-proof with open source
- Stay ahead of the changing landscape with constant advancements and innovation powered by a global, open-source community.
- Make the most of the ready-made solutions and blueprints for data aggregation, budgeting, cash flow prediction, fraud detection, automated credit approvals, and more in the KNIME Community Hub.
Empowering Auditors with GenAI
Grab’s internal audit team uses GenAI and KNIME to automate audits, empower auditors, and streamline compliance across 3.5 billion transactions, 239 auditable units, and eight countries through self-service analytics, AI-powered risk assessments, document translation, and chatbot-driven audit insights.
How ING is using KNIME to transform its audit process with automation and AI
The internal audit team at ING shared how they automate and streamline their audit process, reducing data retrieval times from 8 weeks to instant access, enabling 400 auditors to perform analytics efficiently, integrating audit evidence directly into their management system, and ensuring adaptability to evolving business needs while maintaining GDPR compliance.
BI and Dashboards Are Only The Tip of the Iceberg
Martin Dodell, financial controller at BMW, showcased how KNIME enables finance teams to move beyond Excel and dashboards by leveraging low-code machine learning and data automation to improve reporting, collaboration, and data quality with minimal IT dependency.
