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Xchange - Aug '21

XCH83121CS7V - Using Data Analytics To Make Better Decisions in Insurance Companies


Aug 31, 2021 11:00am ‐ Aug 31, 2021 12:00pm



Credits: None available.

Members: $35.00
Standard: $65.00

Description

With the explosion of technology that rapidly advanced the availability of information from the internet, apps, and business software, our economy has gone from information-scarce to data-rich in a very short period of time. This data, if used and analyzed appropriately, can provide businesses with crucial insight into the current health of a Company and the trajectory of a business in the future. This session will give an overview of three crucial areas companies must address immediately. Attendees will recognize how to automate the FP&A process to gain timely insights to how actual results compare to projections. Attendees will learn strategies to overcome the challenge of understanding company data and turning it into actionable insights using data visualization dashboards and reporting. Finally, attendees will understand the importance of analyzing and identifying internal control gaps to prevent and detect fraud using specialized tools.

Learning Objectives:
  • Identify information that can be used for Financial Planning and Analysis and interpret a dashboard using Clockwork software with GL information reporting in real time
  • Recognize the benefits of Data Visualization and how using Power BI can show interactive information over time and by product line
  • Define ways in which identifying fraud, waste, and abuse can be more easily discovered using Idea software and implementing safeguards once discovered

Speaker(s):

Credits

  • 1.00 - Computer Software & Applications

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