In today’s economy, all companies are contending with a dynamic business environment characterized by volatile commodity prices and exchange rates, a shaky global financial system and slow growth in many countries. Many of them rely heavily on desktop spreadsheets to support the data collection and analysis related to their capital-asset planning. However, spreadsheets have inherent limitations that make them the wrong choice.
Topics: agile, Budgeting, Business Performance Management (BPM), capital spending, contingency, Financial Performance Management (FPM), IBM, Operational Performance Management (OPM), Oracle, Planning, Planview, SAP, Office of Finance, Big Data
SAP announced the release of version 10 of its SAP BusinessObjects Enterprise Performance Management (EPM) Solutions suite, an enhanced and updated set of applications and capabilities for executives and managers. In our Value Index assessment of financial performance management suites and my analysis of it last year, Ventana Research gave SAP’s offering the highest score, and this new release builds on that solid foundation that I already assessed in my blog. It has been several years since SAP began acquiring and assembling its performance management and analytical software assets, and the company has progressed to the point where discussing the integration efforts is becoming irrelevant. This release revamps the user interface of the different components to provide a more consistent look and feel – a crucial factor in facilitating training and improving user productivity. Outside of the suite itself, the current release is designed to integrate better with ERP, SAP NetWeaver BW, risk management and BI. In facts it establishes a foundation for finance analytics that I have researched and is essential for doing what I call and have written about in putting the “A” back in FP&A.
Topics: budget, Budgeting, budgeting software, Business Analytics, Business Mobility, Business Performance Management (BPM), CEO, CFO, Corporate Finance, Financial Performance Management, Financial Performance Management (FPM), Forecast, Governance, Risk & Compliance (GRC), Information Management (IM), Integrated Business Planning, Operational Performance Management (OPM), Planning, SAP, Supply Chain Performance Management (SCPM), XBRL, Office of Finance, Business Intelligence, agile
Alight Planning sells planning and budgeting software mainly to midsize companies and stresses its software’s ability to support a more effective approach to corporate planning and budgeting. It calls this “agile planning,” a term used to contrast a traditional, highly deterministic method of drawing up and executing plans with an “agile” mindset that is better able to deal with the high level of economic volatility that most businesses confront today. In many respects Alight’s approach is consistent with what Ventana Research refers to as “integrated business planning,” which I have written about as a business priority and an area that I have extensively researched.
Topics: budget, Budgeting, budgeting software, CEO, CFO, Financial Performance Management (FPM), Forecast, Integrated Business Planning, Operational Performance Management (OPM), Planning, Sales Performance Management (SPM), Supply Chain Performance Management (SCPM), Office of Finance, agile