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...
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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...
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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
Salesforce.com’s recent Dreamforce user conference got me wondering about how far the market for cloud-based software has come. To answer that question, I looked to our own research. For the past several years Ventana Research has routinely asked participants in its benchmark research what preference, if any, they have for deploying software they use to support the activity we are benchmarking. The choices we offer are on-premises, software as a service (SaaS – that is, in the cloud), hosted on...
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Topics:
SaaS,
Sales,
Salesforce.com,
Operational Performance Management (OPM),
Cloud Computing,
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
Software
Our research consistently finds that defects in data are the root cause of a wide range of problems encountered by modern corporations. The magnitude of the problem correlates with the size of the company: Big companies have bigger headaches than midsize ones. Data issues diminish productivity in every part of a business as people struggle to correct errors or find workarounds. Issues with data are a man-made phenomenon, yet companies seem to treat bad data as some sort of force of nature like...
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Topics:
Big Data,
Predictive Analytics,
GRC,
Operational Performance Management (OPM),
Business Analytics,
Business Intelligence,
CIO,
Operational Intelligence,
Business Performance Management (BPM),
CFO,
Customer Performance Management (CPM),
finance,
Financial Performance Management (FPM),
Information Management (IM),
IT Performance Management (ITPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
FPM
For the past several years Ventana Research has focused more on analytics and their importance to improving business performance. We’ve done extensive benchmark research in business analytics, detailing how they are used generally in business and in major functional areas of companies as well as their application in specific industries. We adopted this focus because technology advances are changing the landscape of analytics. Its use in business management, for example, is getting new scrutiny...
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Topics:
Big Data,
Performance Management,
Planning,
Human Capital Management,
Modeling,
Office of Finance,
Operational Performance Management (OPM),
Budgeting,
driver-based,
Analytics,
Business Analytics,
In-memory,
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),
best pracices,
business value,
cash management,
challenge,
financial planning
Usually, just figuring out how to start the process of change is a major barrier to improvement in business. I think that’s especially true when it comes to integrated business planning (IBP). I started using that term six years ago to differentiate that process from financial budgeting and the many other forward-looking activities used in companies. IBP applies to a longstanding objective: bringing together the disparate strands of forward-looking activities across a corporation to foster...
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Topics:
Big Data,
Planning,
Office of Finance,
Operational Performance Management (OPM),
Reporting,
Budgeting,
driver-based,
Business Collaboration,
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),
Financial Performance Management,
Integrated Business Planning
Risk has always been an integral part of business, but our recent Governance, Risk and Compliance (GRC) benchmark research shows that companies deal with risk with varying degrees of effectiveness – especially operational risk. A majority of companies lag in their overall GRC maturity, as I covered in a recent blog post. Operational risk management should be of greater interest to executives today because they can have greater control of it than before. The expansion of IT systems to automate...
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Topics:
Big Data,
Performance Management,
Predictive Analytics,
Customer Experience,
Governance,
GRC,
Operational Performance Management (OPM),
Management,
Analytics,
Business Analytics,
Business Collaboration,
Business Intelligence,
Governance, Risk & Compliance (GRC),
Operational Intelligence,
Business Performance Management (BPM),
compliance,
Customer Performance Management (CPM),
finance,
Financial Performance Management (FPM),
Information Applications (IA),
Information Management (IM),
IT Performance Management (ITPM),
Risk,
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
financial risk management
Anyone who focuses on the practical uses of information technology, as I do, must consider the data aspects of adopting any new technology to achieve some business purpose. Reliable data must be readily available in the necessary form and format, or that shiny new IT bauble you want to deploy will fall short of expectations. Our research benchmarks cover a range of core business and IT processes, and they regularly demonstrate that data deficiencies are a root cause of issues organizations have...
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Topics:
Social Media,
GRC,
Operational Performance Management (OPM),
IBM Business Analytics,
Business Analytics,
Business Collaboration,
Business Intelligence,
CIO,
Governance, Risk & Compliance (GRC),
Operational Intelligence,
Business Performance Management (BPM),
CFO,
Customer Performance Management (CPM),
finance,
Financial Performance Management (FPM),
Information Applications (IA),
Information Management (IM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM)
I recently spoke with Oversight Systems, an operational intelligence analytics company that uses predictive analytics and optimization to help companies save money, reduce the risk of loss and fraud, and reinforce corporate governance and compliance efforts. Ventana Research views operational intelligence as an emerging technology with the potential for a high return on investment. By continuously monitoring activities in a company’s IT systems, Oversight’s Web-based software continuously,...
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Topics:
Big Data,
Predictive Analytics,
Fraud,
Governance,
GRC,
Office of Finance,
Operational Performance Management (OPM),
audit,
Analytics,
Business Analytics,
Cloud Computing,
Governance, Risk & Compliance (GRC),
Operational Intelligence,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Information Management (IM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
controls,
Oversight Systems
I recently attended the 2012 Global Pricing Forum hosted by Nomis Solutions, a provider of software and services to banking and finance companies. This annual event brings together thought leaders and practitioners in the area of pricing and revenue optimization (PRO). This technique uses analytics to sift through large data sets to tease out customer behavior characteristics, identify customer segments and quantify their price sensitivities. These complex calculations require software designed...
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Topics:
Sales,
Office of Finance,
Operational Performance Management (OPM),
credit,
financial analytics,
Nomis Solutions,
PRO,
Analytics,
Business Analytics,
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
banking,
Financial Services