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Snowflake for

Finance Departments

Unify disparate data with the Snowflake Data Cloud to provide real-time insights for accurate reporting to meet compliance obligations and forecasting to drive financial performance.  

WHY SNOWFLAKE

FOR FINANCE DEPARTMENTS

Single source of truth

Easily unite all business system data under a single data platform to enable financial professionals to operate from a 360 degree view of the business and gain a deeper understanding of vital financial indicators.

Unlimited performance and scale

Leverage Snowflake's speed to run queries quickly during critical moments. Manage and run data applications, models, and pipelines where data lives with no resource contention with other departments.

Access and govern your data

With the surge of IPOs and increasing regulatory requirements, Sarbanes-Oxley (SOX) compliance reporting has become more time consuming and costly. With Snowflake you can enable fine-tuned control over read/write privileges for SOX automation. Your organization can also seamlessly leverage data masking for sharing sensitive financial data.

Financial Reporting

Partners

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Financial Reporting

USE CASES

COMPLIANCE

Streamline Reporting

Build an agile approach to your regulatory reporting workflow on a single common data platform in order to meet evolving requirements across different business lines and regions.

Comprehensive Data Security

Leverage the most sophisticated cloud security technologies available such as end-to-end encryption for data at rest and in transit to protect your most valuable business asset.

Stress Testing

With access to cross-asset class data, easily perform risk analytics and demonstrate sufficient market liquidity to meet CCAR reporting requirements.

FORECASTING

Adopt a Value-Based Approach

While the consumption model is advantageous for the customer because there’s no financial waste (you only pay for what you use), this requires budgets to be variable rather than fixed and expenditures become operating expenses (opex) rather than capital expenses (capex).  

Increase Accuracy

Predictive analytics makes forecasting more accurate and reliable, enabling improved decision-making and planning.Predictive analytics can help you forecast inventory needs, avoid shortages or waste, manage schedules and resourcing for goods and services, set prices based on trends, and optimize revenue.  

Improve Planning

Snowflake’s finance team uses the Data Cloud to power their corporate planning cycle, including forecasting revenue and other critical metrics.

PROCUREMENT

Vendor Data Enrichment

Ensure supplier compliance across your across your organization by running it through a trusted master database.

Streamline the Buy-Side Process

Leverage available data to mitigate risks and enhance due dilligence. Easily access data regarding volumes and prices, service level agreements (SLAs), terminations, extensions, and more to reduce the amount of time spent per procurement task and optimize the buy-side process.

Share Data with Vendors Securely and Easily

Consolidate vendors and their data in one place to easily query performance, costs, and other key metrics and spend less time managing this data for financial reporting.

WAYS TO

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Try Snowflake free for 30 days and experience the Data Cloud that helps eliminate the complexity, cost, and constraints inherent with other solutions. Available on all three major clouds, Snowflake supports a wide range of workloads, such as data warehousing, data lakes, and data science.

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