Robert Kugel's Analyst Perspectives

Informatica and Exterro Partner for More Effective E-discovery

Posted by Robert Kugel on Oct 31, 2013 8:16:31 PM

Informatica and Exterro have announced a partnership in the market for discovery of electronic data and documents (known as e-discovery). Exterro has made its reputation in e-discovery workflow and legal holds management while Informatica is a leader in data integration that our Value Index finds as the top and Hot rated provider. The partnership is designed to provide users of Exterro’s Fusion E-Discovery software with a single point of control for organizing and managing legal and preservation holds (that is, preventing electronic data from alteration or deletion) of unstructured and structured data that are held in Informatica’s Data Archive. Informatica specializes in the efficient management of information assets, which our benchmark research shows is not easy for most organizations to do because they have data spread across multiple applications and systems: Two-thirds of organizations said that this makes it difficult to manage information. By consolidating in a single repository the storage of information that is likely to be the subject of discovery, companies can simplify and cut the cost of the search process as well as reduce risk. Orchestrating legal and preservation holds can be complex since multiple people or groups within a company may be legally involved with the same data over an extended period of time. Moreover, it’s important to ensure that once the holds are no longer needed, all data that can be eliminated is eliminated.

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Topics: Operational Performance Management (OPM), eDiscovery, Exterro, legal, Data Governance, Data Management, Governance, Risk & Compliance (GRC), Informatica, Business Performance Management (BPM), compliance, Data, Financial Performance Management (FPM), Information, Information Applications (IA), Information Management (IM), Risk, Sales Performance Management (SPM), Workforce Performance Management (WPM)

Tidemark Unifies New Generation of Business Planning Software

Posted by Robert Kugel on Oct 31, 2013 8:00:44 PM

Tidemark announced the release of the Fall 2013 version of its eponymous cloud-based application that my colleague assessed earlier in 2013. This new release adds capabilities for labor planning and expense management as well profitability modeling and analysis. These two areas of planning and analysis are common to all businesses. The new release adds features that enhance the software’s ability to do sales forecasting, initiative planning and IT department planning. The company continues to refine its modeling capabilities to make it easier for people engaged in the planning process to translate their expectations and concerns into a quantified view of the future. For example, users now can build models using natural-language modeling. The objective is to eliminate the need for help from business analysts or experts trained in the use of a tool and immersed the details of the IT plumbing, such as the metadata used for specific general ledger accounts or operational data.

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Topics: Performance Management, Planning, Predictive Analytics, forecasting, Operational Performance Management (OPM), Reporting, Budgeting, Controller, Cloud Computing, In-memory, Business Performance Management (BPM), CFO, Customer Performance Management (CPM), Financial Performance Management (FPM), Sales Performance Management (SPM), Supply Chain Performance Management (SCPM), Tidemark, Workforce Performance Management (WPM), Analplan, Financial Performance Management, financial reporting, FPM, Integrated Business Planning, spreadsheet

CEOs and Executives Need Business Planning Software

Posted by Robert Kugel on Oct 22, 2013 10:16:21 AM

Business planning is a new software category. These applications enable senior executives to integrate all the plans of business units into a single, integrated view, which helps them have more accurate plans, do more insightful what-if planning, achieve greater agility in reacting to changing business and economic conditions, and execute plans in a more coordinated fashion than was possible. Business planning software is intended for CEOs and COOs, who are not well served by current capabilities. Business planning software enables executives and managers to understand both the operational and the financial consequences of their actions, but it emphasizes the things that the various parts of the business focus on: units sold, sales calls made, the number and types of employees required, customers serviced and so on. Lines of business already do this but in a fragmented fashion using desktop spreadsheets circulated within silos via email. Business planning software provides a platform to support modeling in individual business units, individual planning processes and visualization of the impacts of changes in what-if scenarios. It offers a central data repository for all plans; our benchmark research shows the advantage of this approach: Companies that directly link individual business unit data to an integrated plan get more accurate results. To be specific, 22 percent of those with such links have very accurate budgets compared to just a handful with less direct links and none that employ summarized data.

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Topics: Big Data, Performance Management, Planning, Predictive Analytics, forecasting, Operational Performance Management (OPM), Reporting, Budgeting, Controller, Business Analytics, Business Collaboration, Cloud Computing, In-memory, Business Performance Management (BPM), CFO, Workforce Performance Management (WPM), Financial Performance Management, financial reporting, FPM, Integrated Business Planning, spreadsheet

Oracle Hyperion Products Challenged by New Generation of Expectations

Posted by Robert Kugel on Oct 16, 2013 7:23:32 AM

Oracle continues to enrich the capabilities of its Hyperion suite of applications that support the finance function, but I wonder if that will be enough to sustain its market share and new generation of expectations. At the recent Oracle OpenWorld these new features were on display, and spokespeople described how the company will be transitioning its software to cloud deployment. Our 2013 Financial Performance Management Value (FPM) Index rates Oracle Hyperion a Warm vendor in my analysis, ranking eighth out of nine vendors. Our Value Index is informed by more than a decade of analysis of technology suppliers and their products and how well they satisfy specific business and IT needs. We perform a detailed evaluation of product functionality and suitability-to-task as well as the effectiveness of vendor support for the buying process and customer assurance. Our assessment reflects two disparate sets of factors. On one hand, the Hyperion FPM suite offers a broad set of software that automates, streamlines and supports a range of finance department functions. It includes sophisticated analytical applications. Used to full effect, Hyperion can eliminate many manual steps and speed execution of routine work. It also can enhance accuracy, ensure tasks are completed on a timely basis, foster coordination between Finance and the rest of the organization and generate insights into corporate performance. For this, the software gets high marks.

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Topics: Mobile, Planning, Social Media, ERP, forecasting, Modeling, Reporting, Budgeting, close, closing, Consolidation, Controller, driver-based, Finance Financial Applications Financial Close, Hyperion, IFRS, multinational Oracle, process management, report, strategy, Tax, tax department, tax optimization, tax planning, XBRL, Analytics, Business Analytics, Business Intelligence, CIO, Cloud Computing, In-memory, Oracle, Accounting, Business Performance Management (BPM), CFO, Chief Financial Officer, compliance, Data, Financial Performance Management (FPM), benchmark, Financial Performance Management, financial reporting, FPM, GAAP, Integrated Business Planning, Price optimization, Profitability, SEC Software, spreadsheet

It’s Past Time for the Next Generation of Business Planning

Posted by Robert Kugel on Oct 11, 2013 12:07:59 PM

Business planning as practiced today is a relic, a process hemmed in by obsolete conceptions of what it should be. I use the term “business planning” to encompass all of the forward-looking activities in which companies routinely engage, including, for example, sales, production and head-count planning as well as budgeting. Companies need to take a fresh view of all these, adopting a new approach to business planning that while preserving continuity makes a substantial departure from what most companies do now. Currently, in most organizations the budget is the only companywide business plan. However, while necessary for financial management and control, budgets are not especially useful for running an organization.

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Topics: Big Data, Planning, Predictive Analytics, Social Media, forecasting, Operational Performance Management (OPM), Reporting, Budgeting, Controller, In-memory, Business Performance Management (BPM), CFO, Financial Performance Management (FPM), Supply Chain Performance Management (SCPM), Financial Performance Management, financial reporting, FPM, Integrated Business Planning, spreadsheet

Find Out Which Is the Hottest Financial Performance Management Software

Posted by Robert Kugel on Oct 9, 2013 8:56:33 AM

We recently issued our 2013 Value Index on Financial Performance Management. Ventana Research defines financial performance management (FPM) as the process of addressing the often overlapping people, process, information and technology issues that affect how well finance organizations operate and support the activities of the rest of their organization. FPM deals with the full cycle of finance department activities, which includes planning and budgeting, analysis, assessment and review, closing and consolidation, and internal and external financial reporting, as well as the underlying IT systems that support them. Our Value Index is informed by more than a decade of analysis of how well technology suppliers and their products satisfy specific business and IT needs. We perform a detailed evaluation of product functionality and suitability to task in five categories as well as of the effectiveness of vendor support for the buying process and customer assurance. Our resulting index gauges the value offered by each individual vendor and its products in supporting FPM, which is necessary for running an organization efficiently and effectively.

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Topics: Mobile, Planning, Predictive Analytics, Budgeting, closing, Consolidation, contingency planning, Analytics, Business Analytics, Business Collaboration, Cloud Computing, Accounting, Business Performance Management (BPM), CFO, Financial Performance Management (FPM), Value Index, Financial Performance Management, spreadsheet

Gamification Must Drive Software Ergonomics

Posted by Robert Kugel on Oct 2, 2013 8:44:25 AM

In business, the first rule of gamification is don’t call it gamification.

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Topics: Social Media, HCM, Operational Performance Management (OPM), Social Collaboration, Business Analytics, Business Performance Management (BPM), Financial Performance Management (FPM), Workforce Performance Management (WPM), gamification, incentive