Like many other industry observers I’ve heard overblown claims for information technology for decades. However, I’ve also observed that – eventually – reality catches up with vision. Finance and accounting departments are particularly resistant to change, yet because almost no corporations use adding machines or typewriters any more, it’s clear that transformative change can happen. Nonetheless, because users of business computing systems are inundated with “it’s better than ever” promotions by...
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Topics:
Social Media,
Mobile Technology,
Office of Finance,
Operational Performance Management (OPM),
Human Capital,
Business Analytics,
Business Collaboration,
Business Intelligence,
Cloud Computing,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Supply Chain Performance Management (SCPM)
Ventana Research coined the term “enterprise spreadsheet” in 2004 to describe a variety of software applications that add a desktop spreadsheet’s user interface (usually that of Microsoft Excel) to components that address the issues that arise when desktop spreadsheets are used in repetitive, collaborative enterprise processes. Enterprise spreadsheets are designed to provide the best of both worlds in that they offer the ease of use and flexibility of desktop spreadsheets while overcoming their...
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Topics:
Operational Performance Management (OPM),
Analytics,
Business Analytics,
Business Intelligence,
Uncategorized,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Information Management (IM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM)
The blockchain distributed database was invented to create the peer-to-peer digital cash called bitcoin in 2008. Although the future potential of bitcoin and other cryptocurrencies has been debated, the distributed ledger structure using a blockchain database that supports bitcoin is likely to be adopted for a range of commercial and governmental purposes. Distributed ledgers are a secure and transparent way to digitally track the ownership of assets while enabling faster transaction speeds and...
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Topics:
Office of Finance,
Operational Performance Management (OPM),
Uncategorized,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
blockchain, distributed ledger, DLT, ERP, SCM, sup
There were two noteworthy themes in SAP CEO Bill McDermott’s keynote at this year’s Sapphire conference. One was customer assurance; that is, placing greater emphasis on making the implementation of even complex business software more predictable and less of an effort. This theme reflects the maturing of the enterprise applications business as it transitions from producing highly customized software to providing configurable, off-the-rack purchases. Implementing ERP will never be simple, as I...
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Topics:
Predictive Analytics,
SAP,
Operational Performance Management (OPM),
Uncategorized,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM)
Infor recently held its annual Innovation Summit at its New York City headquarters. The company has shown leadership and creativity in business applications on two fronts: focusing its development efforts on enhancing the user experience and collaboration and building an application architecture that will deliver a rich set of functionality for ERP, financial management, CRM and HRMS and business analytics in a multitenant cloud environment. All of these advances were necessary to remake a...
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Topics:
Mobile Technology,
Operational Performance Management (OPM),
accounting, analytics, ERP, EAM, CRM, HCM, innovat,
Human Capital,
Business Analytics,
Cloud Computing,
Uncategorized,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM)
Using information technology to make data useful is as old as the Information Age. The difference today is that the volume and variety of available data has grown enormously. Big data gets almost all of the attention, but there’s also cryptic data. Both are difficult to harness using basic tools and require new technology to help organizations glean actionable information from the large and chaotic mass of data. “Big data” refers to extremely large data sets that may be analyzed computationally...
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Topics:
Big Data,
Data Science,
Planning,
Predictive Analytics,
Social Media,
FP&A,
Office of Finance,
Operational Performance Management (OPM),
Budgeting,
Connotate,
cryptic,
equity research,
Finance Analytics,
Human Capital,
Kofax,
Statistics,
Analytics,
Business Analytics,
Business Intelligence,
Customer Performance Management (CPM),
Data,
Datawatch,
Financial Performance Management (FPM),
Kapow,
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Strata+Hadoop
Supply and demand chain planning and execution have grown in importance over the past decade as companies have recognized that software can meaningfully enhance their competitiveness and improve their financial performance. Sales and operations planning (S&OP) is an integrated business management process first developed in the 1980s aimed at achieving better alignment and synchronization between the supply chain, production and sales functions. A properly implemented S&OP process routinely...
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Topics:
Planning,
SaaS,
Sales,
Forecast,
Mobile Technology,
Operational Performance Management (OPM),
Human Capital,
Supply Chain Planning,
Analytics,
Business Analytics,
Business Collaboration,
Cloud Computing,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Sales Planning,
Supply Chain,
Supply Chain Performance Management (SCPM),
Demand Chain,
Integrated Business Planning,
SCM Demand Planning,
S&OP
The enterprise resource planning (ERP) system is a pillar of nearly every company’s record-keeping and management of business processes. It is essential to the smooth functioning of the accounting and finance functions. In manufacturing and distribution, ERP also can help plan and manage inventory and logistics. Some companies use it to handle human resources functions such as tracking employees, payroll and related costs. Yet despite their ubiquity, ERP systems have evolved little since their...
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Topics:
Big Data,
Microsoft,
SAP,
Social Media,
ERP,
FP&A,
Mobile Technology,
NetSuite,
Office of Finance,
Operational Performance Management (OPM),
Reporting,
close,
closing,
Controller,
dashboard,
Human Capital,
Reconciliation,
Analytics,
Business Intelligence,
Cloud Computing,
Collaboration,
IBM,
Oracle,
Uncategorized,
Business Performance Management (BPM),
CFO,
Data,
finance,
Financial Performance Management (FPM),
Supply Chain Performance Management (SCPM),
Financial Performance Management,
FPM,
Intacct
Tidemark Systems offers a suite of business planning applications that enable corporations to plan more effectively. The software facilitates rapid creation and frequent updating of integrated company plans by making it easy for individual business functions to create their own plans while allowing headquarters to connect them to create a unified view. I coined the term “integrated business planning” a decade ago to highlight the potential for technology to substantially improve the...
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Topics:
Planning,
Predictive Analytics,
Customer Experience,
Marketing Planning,
Reporting,
Budgeting,
Human Capital,
Analytics,
Business Analytics,
Business Collaboration,
Business Mobility,
Cloud Computing,
Governance, Risk & Compliance (GRC),
Business Planning,
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Tidemark,
Workforce Performance Management (WPM),
Demand Planning,
Integrated Business Planning,
Project Planning
Whatever Oracle’s cloud strategy had been the past, this year’s OpenWorld conference and trade show made it clear that the company is now all in. In his keynote address, co-CEO Mark Hurd presented predictions for the world of information technology in 2025, when the cloud will be central to companies’ IT environments. While his forecast that two (unnamed) companies will account for 80 percent of the cloud software market 10 years from now is highly improbable, it’s likely that there will be...
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Topics:
Microsoft,
Predictive Analytics,
SAP,
ERP,
FP&A,
Mobile Technology,
NetSuite,
Office of Finance,
Operational Performance Management (OPM),
Reporting,
close,
closing,
Controller,
dashboard,
Human Capital,
Tax,
Analytics,
Business Collaboration,
Business Intelligence,
Cloud Computing,
Collaboration,
IBM,
Oracle,
Business Performance Management (BPM),
CFO,
Customer Performance Management (CPM),
Data,
finance,
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Financial Performance Management,
FPM,
Intacct,
Spreadsheets