Robert Kugel's Analyst Perspectives

Corporate Controllers: Always Be Closing!

Posted by Ventana Research on Sep 9, 2016 9:51:30 AM

It strikes me that the motto of successful salespeople – “ABC: Always Be Closing!” – could apply equally to corporate controllers, albeit in the accounting sense. For a while now I’ve been advocating continuous accounting, a holistic approach to managing the finance and accounting function that, in part, emphasizes using technology to distribute workloads more evenly over an accounting period – in effect to always be closing rather than waiting until the end of the month or quarter. Continuous accounting also stresses improving efficiency by automating repetitive processes and enhancing organizational effectiveness by improving data integrity in finance processes.

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Topics: Business Performance Management (BPM), Financial Performance Management (FPM), Accounting, Consolidation, ERP, Financial Performa

Unit4 Adds Financial Performance Management with Prevero Acquisition

Posted by Ventana Research on Aug 23, 2016 8:12:56 AM

Unit4, a Netherlands-based vendor of financial management software focused mainly on midsize companies, recently acquired prevero, a German vendor of performance management and business intelligence software. The acquisition reflects a convergence of transactional and analytic business applications, which I have written about. ERP and financial management software vendors increasingly are adding analytic capabilities – especially in financial performance management (FPM) – to the core functions of transaction processing and accounting to broaden the scope of their offerings.

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Topics: Business Analytics, Business Performance Management (BPM), Financial Performance Management (FPM), Accounting, Consolidation, ERP, Financial Performa