Businesses always see a lag between when technology makes some advance possible and when a majority of companies actually adopt it. There’s even a longer lag between the emergence of an advance in a business process or technique and the time it takes to become mainstream. When we write our research agendas at the top of each year, we have to strike a balance between focusing on the new and different, which is still many years away from general acceptance, and the mainstream, which has been...
Read More
Topics:
Big Data,
Planning,
Predictive Analytics,
Governance,
GRC,
Office of Finance,
Operational Performance Management (OPM),
Budgeting,
close,
Analytics,
Business Analytics,
Business Collaboration,
CIO,
Cloud Computing,
In-memory,
Business Performance Management (BPM),
CFO,
Financial Performance Management (FPM),
Risk,
Sales Performance Management (SPM),
Workforce Performance Management (WPM),
CEO,
Financial Performance Management,
FPM
As I’ve noted before, it’s common for CFOs of companies that are transitioning from being a small to a midsize business (that is, when they grow past about 100 employees) to find that the entry-level accounting package that they have been using no longer fits their needs. This software may be inexpensive to purchase and easy to use but it lacks many of the customization and business process management capabilities that become increasingly important as organizations grow. The transition from...
Read More
Topics:
Planning,
Salesforce.com,
ERP,
Human Capital Management,
Office of Finance,
Operational Performance Management (OPM),
Reporting,
close,
closing,
Cloud Computing,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Workforce Performance Management (WPM),
Financial Performance Management,
FinancialForce.com
Quantrix recently unveiled Quantrix 5, an updated version of its financial modeling software designed to fill the gap between spreadsheets and business intelligence (BI) systems. Quantrix provides users with many of the capabilities of an enterprise system and addresses shortcomings of desktop spreadsheet software without requiring extensive training.
Read More
Topics:
Big Data,
Planning,
Sales,
FP&A,
Office of Finance,
Reporting,
Budgeting,
Quantrix,
Analytics,
Business Collaboration,
Cloud Computing,
Business Performance Management (BPM),
Information Management (IM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
FPM
When they were first introduced three decades ago, electronic spreadsheets provided a major advance in corporate planning compared to the paper spreadsheet-and-adding-machine systems they replaced. However, time passes and, as our research shows, desktop spreadsheets often hamper productivity because they were designed for personal productivity, not for managing repetitive, collaborative, enterprise-wide processes such as financial planning. The finance organization at the University of Central...
Read More
Topics:
Big Data,
Planning,
Human Capital Management,
Office of Finance,
Operational Performance Management (OPM),
Reporting,
Budgeting,
driver-based,
Cloud Computing,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Workforce Performance Management (WPM),
Financial Performance Management,
Integrated Business Planning
Business software is beginning to undergo a design revolution comparable to the seismic shift from the green screen to the graphical user interface (GUI) that began in the mid-1980s. Three forces are at work. One is the retirement of large numbers of members of the baby-boom generation and the rise of a generation that grew up with computers and computer games from a young age. Also, software and technology vendors have been recognizing the need to “consumerize” business applications as mobile...
Read More
Topics:
Big Data,
Salesforce.com,
OpenWorld,
Operational Performance Management (OPM),
Cloud Computing,
Oracle,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Dreamforce,
finance,
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Tidemark,
Workforce Performance Management (WPM),
Business,
design,
development,
GUI
I recently started a series of blog posts on what CEOs (and for that matter, all senior corporate executives) need to know about IT. The first covered the high-level issues. As I noted there, it’s not necessary for a CEO of a company to be able to write Java code or master the intricacies of an ERP or sales compensation application. However, CEOs must grasp the basics of IT just as they must understand basic corporate finance, the production process and – at least at a high level – the...
Read More
Topics:
Big Data,
Mobile,
SaaS,
Social Media,
Customer,
ERP,
Operational Performance Management (OPM),
Business Analytics,
Business Collaboration,
Cloud Computing,
Complex Event Processing,
In-memory,
Business Performance Management (BPM),
CFO,
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Information Management (IM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
CEO,
PaaS
The business/IT divide is a barrier that prevents most companies from achieving their true performance potential. The divide has remained a constant impediment since the dawn of business computing six decades ago. It’s not necessary for a CEO of a company to be able to write Java code or master the intricacies of an ERP or sales compensation application. However, that CEO must master the basics of IT just as he must understand basic corporate finance, the production process and – at least at a...
Read More
Topics:
Big Data,
Performance Management,
Human Capital Management,
Operational Performance Management (OPM),
competition,
executive,
CIO,
Cloud Computing,
In-memory,
Business Performance Management (BPM),
CFO,
Customer Performance Management (CPM),
IT,
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
CEO,
FPM
The idea of devising and using maturity assessments to improve business performance has been a staple of management, functional and strategic consultants for decades. It’s based on two unassailable principles. One is the general assertion that companies differ in their ability to do anything along a range from nonexistent to advanced. The second is that at any time it’s possible for a knowledgeable individual to construct a scale of competence for some business function from least to most...
Read More
Topics:
Performance Management,
Social Media,
Customer Experience,
Governance,
Operational Performance Management (OPM),
Business Analytics,
Business Collaboration,
Business Intelligence,
Cloud Computing,
Governance, Risk & Compliance (GRC),
Operational Intelligence,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Information Applications (IA),
Information Management (IM),
IT Performance Management (ITPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
benchmark,
FPM
SAP has inaugurated a new series of business applications it calls Enterprise Performance Management (EPM) OnDemand as a cloud-based subscription service. The applications are part of SAP’s EPM version 10 suite, which it introduced last year. It’s a first step in what is likely to be a portfolio of general-purpose, lightweight and relatively low-cost apps designed to be used on mobile devices. Using HANA on the back end, the applications can deliver high performance in accessing masses of...
Read More
Topics:
Big Data,
Performance Management,
SAP,
Office of Finance,
Operational Performance Management (OPM),
expense,
Analytics,
Business Analytics,
Business Collaboration,
Cloud Computing,
Business Applications,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
FPM,
HANA
There weren’t any headlines (or even many tweets) about Oracle Fusion Financials emanating from this year’s Oracle OpenWorld (#OOW12) conference. Maybe that’s by design, because it’s not in Oracle’s best interest to kick up a lot of dust about ERP migration. The financial applications software market is mature, and market share leaders such as Oracle have less interest in getting customers to upgrade than they did a decade ago. For a software vendor with a large installed base, cashing rich...
Read More
Topics:
Performance Management,
ERP,
Office of Finance,
financial,
Cloud Computing,
Oracle,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Workday,
JD Edwards,
PeopleSoft