Recently, Infor held its second innovation conference with industry analysts at its New York City headquarters. Infor’s products include the major categories of ERP, human capital management and financial performance management applications. Behind the marketing aspects of its use of “innovation” is a business strategy for retaining existing customers, migrating a sizable percentage of those customers to the cloud and gaining new customers. (Because of the relative size of the installed base,...
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Topics:
Social Media,
Office of Finance,
Human Capital,
UX,
Business Analytics,
Business Collaboration,
Cloud Computing,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM)
Adaptive Insights held its annual user group meeting recently. A theme sounded in several keynote sessions was the importance of finance departments playing a more strategic role in their companies. Some participating customers described how they have evolved their planning process from being designed mainly to meet the needs of the finance department into a useful tool for managing the entire business. Their path took them from doing basic financial budgeting to planning focused on improving...
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Topics:
Planning,
Operational Performance Management (OPM),
Reporting,
Budgeting,
Human Capital,
Analytics,
Business Analytics,
Business Collaboration,
Business Performance Management (BPM),
Business Planning,
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain,
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
Demand Planning,
Integrated Business Planning,
Project Planning
Managing prices has always been an activity of keen interest to businesses, but it has become even more critical to do it well. Over the past decade many companies have found their ability to raise prices has been constrained by intense competition resulting from Internet commerce, global competition and other factors. One tool for dealing with this pressure is price and revenue optimization (PRO), an analytic methodology that calculates how demand varies at different price levels and then uses...
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Topics:
Big Data,
Performance Management,
Predictive Analytics,
Sales,
Office of Finance,
Operational Performance Management (OPM),
Analytics,
Business Analytics,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
analytical application,
Price Optimization
It’s stating the obvious to say that how well executives manage planning processes has a big impact on how well a business unit or company plans. However, one significant source of the value of our benchmark research is that it establishes hard evidence – the numbers – that transforms mere assertions into proof points. This is particularly important when people within an organization want to improve a process. Change management is facilitated by providing senior executives with facts to back up...
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Topics:
Big Data,
Predictive Analytics,
Operational Performance Management (OPM),
Human Capital,
Business Analytics,
Cloud Computing,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain,
Supply Chain Performance Management (SCPM),
S&OP
In our benchmark research at least half of participants that use spreadsheets to support a business process routinely say that these tools make it difficult for them to do their job. Yet spreadsheets continue to dominate in a range of business functions and processes. For example, our recent next-generation business planning research finds that this is the most common software used for performing 11 of the most common types of planning. At the heart of the problem is a disconnect between what...
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Topics:
Planning,
ERP,
Forecast,
GRC,
Office of Finance,
Operational Performance Management (OPM),
Reporting,
closing,
dashboard,
enterprise spreadsheet,
Excel,
Analytics,
Business Analytics,
Business Collaboration,
Business Intelligence,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Data,
Financial Performance Management (FPM),
Risk,
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
application,
benchmark,
Financial Performance Management
Ventana Research recently released the results of our Next-Generation Business Planning benchmark research. Business planning encompasses all of the forward-looking activities in which companies routinely engage. The research examined 11 of the most common types of enterprise planning: capital, demand, marketing, project, sales and operations, strategic, supply chain and workforce planning, as well as sales forecasting and corporate and IT budgeting. We also aggregated the results to draw...
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Topics:
Big Data,
Planning,
Predictive Analytics,
Sales,
Social Media,
Human Capital Management,
Marketing,
Office of Finance,
Operational Performance Management (OPM),
Reporting,
Budgeting,
Controller,
Business Analytics,
Cloud Computing,
In-memory,
Business Performance Management (BPM),
CFO,
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain,
Workforce Performance Management (WPM),
capital spending,
demand management,
Financial Performance Management,
financial reporting,
FPM,
Integrated Business Planning,
S&OP
One of the issues in handling the tax function in business, especially where it involves direct (income) taxes, is the technical expertise required. At the more senior levels, practitioners must be knowledgeable about accounting and tax law. In multinational corporations, understanding differences between accounting and legal structures in various localities and their effects on tax liabilities requires more knowledge. Yet when I began to study the structures of corporate tax departments, I was...
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Topics:
Big Data,
ERP,
GRC,
Office of Finance,
audit,
finance transformation,
LongView,
Tax,
Analytics,
Business Analytics,
Governance, Risk & Compliance (GRC),
Oracle,
Business Performance Management (BPM),
CFO,
Financial Performance Management (FPM),
Information Management (IM),
Vertex,
FPM,
Innovation Awards,
Thomson-Reuters multinational
One of the issues in handling the tax function in business, especially where it involves direct (income) taxes, is the technical expertise required. At the more senior levels, practitioners must be knowledgeable about accounting and tax law. In multinational corporations, understanding differences between accounting and legal structures in various localities and their effects on tax liabilities requires more knowledge. Yet when I began to study the structures of corporate tax departments, I was...
Read More
Topics:
Big Data,
ERP,
GRC,
Office of Finance,
audit,
finance transformation,
LongView,
Tax,
Analytics,
Business Analytics,
Governance, Risk & Compliance (GRC),
Oracle,
Business Performance Management (BPM),
CFO,
Financial Performance Management (FPM),
Information Management (IM),
Vertex,
FPM,
Innovation Awards,
Thomson-Reuters multinational
Business planning includes all of the forward-looking activities in which companies routinely engage. Companies do a great deal of planning. They plan sales and determine what and how they will produce products or deliver services. They plan the head count they’ll need and how to organize distribution and their supply chain. They also produce a budget, which is a financial plan. The purpose of planning is to be successful. Planning is defined as the process of creating a detailed formulation of...
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Topics:
Big Data,
Planning,
Predictive Analytics,
Marketing,
Office of Finance,
Operational Performance Management (OPM),
Reporting,
Budgeting,
Human Capital,
Sales and Forecasting,
Analytics,
Business Analytics,
Business Collaboration,
Business Performance Management (BPM),
Business Planning,
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain,
Supply Chain Performance Management (SCPM),
Demand Planning,
Integrated Business Planning,
Project Planning,
S&OP
Our recent Office of Finance benchmark research demonstrates the importance of using automation to execute finance department functions. Information technology systems do at least two things very well that make better use of people’s time, and both of them can substantially improve organizational performance. First, they eliminate the need for people to do repetitive tasks, which frees them to spend time on more valuable work that requires judgment and skill. IT systems also can be programmed...
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Topics:
Big Data,
Mobile,
Planning,
ERP,
FP&A,
Office of Finance,
Reporting,
Self-service,
Budgeting,
close,
closing,
computing,
Controller,
dashboard,
Tax,
Analytics,
Business Analytics,
Business Collaboration,
Business Intelligence,
Cloud Computing,
Collaboration,
Business Performance Management (BPM),
CFO,
Data,
finance,
Financial Performance Management (FPM),
Financial Performance Management,
FPM,
Microsoft Excel,
Spreadsheets