Doing one’s homework is vital in buying business software. However, unless you’re replacing a relatively simple application, it’s hard to know exactly what to evaluate. Indeed, if people in a company given this task don’t have experience in using a specific type of business application or don’t understand how new or improved functionality will help execute business processes better, they may do a poor job of assessing the available alternatives. Third-party consultants may be helpful, but their...
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Topics:
Performance Management,
Sales,
Human Capital Management,
Office of Finance,
Operational Performance Management (OPM),
Zilliant,
Model N,
Navetti,
Nomis Solutions,
PROS Pricing,
Servigistics,
Signal Demand,
Analytics,
Business Analytics,
Oracle,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Vendavo,
Price Optimization,
Profitability,
Software,
Vistaar Technologies
I believe that one of the more important analytical applications that a company can implement is profitability management. IBM Cognos offers Profitability Modeling and Optimization as part of its Cognos 10 offering that my colleague has assessed. As I’ve noted, most people in a corporation are focused on profitability, but not necessarily in a way that optimizes results across the organization in a day-to-day, consistent fashion. Those responsible for each component piece that contributes to...
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Topics:
Performance Management,
Forecast,
Modeling,
Office of Finance,
Operational Performance Management (OPM),
enterprise profitability management,
Business Analytics,
IBM,
Business Performance Management (BPM),
Cognos,
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Workforce Performance Management (WPM),
Financial Services,
Profitability
Right after I posted my blog about the dearth of useful content for the line-of-business and finance audience at this year’s Oracle Open World, I attended a truly useful session. (Of course, it had been shunted to the next-to-last time slot on the final day of the event.) It was a case study presented by AT&T’s tax group, discussing its use of Oracle Hyperion Financial Management to manage the corporation’s tax data.
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Topics:
Master Data Management,
Office of Finance,
chart of accounts,
Tax,
Business Analytics,
Business Collaboration,
Business Performance Management (BPM),
CFO,
Financial Performance Management (FPM)
Risk has always been an integral part of business, but dealing effectively with risk is a progression. Indeed, history shows businesses adapting and coping better with risk through innovation. The importance of using information technology to manage risk is growing because today’s systems can automatically measure and analyze a much broader set of risk factors than individuals can, and do so more reliably. But a key challenge companies face in implementing enterprise risk management is...
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Topics:
Governance,
GRC,
Office of Finance,
Operational Performance Management (OPM),
Reporting,
balanced scorecard,
enterprise risk management,
KRI,
Business Analytics,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Risk,
Sales Performance Management (SPM)
As Workday continues to expand and the likelihood of its IPO becomes a more frequent topic of discussion, so does the movement of ERP systems to the cloud. Thus far, only a minority of companies have chosen to put their ERP and accounting systems in the cloud, but the numbers are growing and there’s evidence of success. NetSuite, for example, reported a 26 percent increase in its revenues to $145 million in the nine months up to Sept. 30, 2011. To be sure, this is not close to Salesforce.com’s...
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Topics:
Microsoft,
Sales,
ERP,
NetSuite,
Office of Finance,
Operational Performance Management (OPM),
Dynamics,
Epicor,
Lawson,
QAD,
Cloud Computing,
IBM,
Oracle,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Infor,
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
financial software,
Intacct,
PeopleSoft,
Software
At first thought, it seems as if having a mountain of cash to manage is a problem most companies would like to have, but it’s a real problem nevertheless. To be sure, the large majority of companies are able to deal with their cash and short-term and longer-term monetary investments because the amounts are small enough to be manageable. Indeed, many companies, especially smaller ones, face the opposite problem and spend more time focused on their uncertain funding requirements. Still, over the...
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Topics:
Performance Management,
Office of Finance,
credit,
Tax,
Business Analytics,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Risk,
cash management,
GAAP
Host Analytics is taking advantage of one of the inherent advantages that vendors of software as a service (SaaS) have compared to on-premises ones: It’s easier for them to offer their customers data services and shared data repositories. The company’s Decision Hub has been available since last summer. Although it doesn’t break new ground, it is a solid offering of this type and its value should be considered in any evaluation of Host’s offering.
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Topics:
Planning,
Operational Performance Management (OPM),
Reporting,
Budgeting,
closing,
Consolidation,
Host Analytics,
Business Analytics,
Business Collaboration,
Cloud Computing,
Business Performance Management (BPM),
Data,
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Workforce Performance Management (WPM),
benchmark,
Decision Hub,
Financial Performance Management,
SEC