As in every area of business, finance has faced disruption, with the pandemic and its aftermath exposing flaws in business and risk models that must evolve in the new normal.
Top of mind for finance professionals are questions of risk, liquidity, working capital, and supply chains. Finance professionals are building plans for multiple scenarios while constantly adjusting based on daily updates on revenue, sales pipelines, and overhead projections. What if they had consistently up-to-date data or greater visibility into areas of revenue, sales, and expenses? This is the potential of Power Apps.
As Power Apps is helping companies to make financial data and systems more usable for people across the organisation, we’re seeing more instances of self-service reporting, with finance pros no longer doing all the data gathering and formatting. Business leads can pull and delve into their own custom reports and Finance can retain control by assigning access levels.
Power Apps also enables reporting on data from multiple sources. Organisations can create apps in a simple manner for a fuller financial picture. .
In addition, Power Apps is helping with risk management by providing increased visibility and deeper insight into risk drivers.
Accelerate the creation of line-of-business (LOB) applications and align them to your business objectives with Microsoft Power Apps & Power Automate as a no-code / low code flexible business application framework.
Power Apps greatly reduces the amount of effort and investment required to create custom apps to solve your business challenges. Whether you’re working with a technology partner, developing in-house, or empowering employees to become developers, Power Apps delivers highly secure, scalable, and manageable solutions.
Power Apps can’t solve all your problems, but it can help with most of them. If you can help an employee get more time back for revenue-generating work, find ways to reduce spending, or develop more accurate forecasts, then you’re moving in the right direction. With Power Apps, it’s easy for non-coders to create simple, brilliant apps.