Unit4’s Financial Planning and Analysis (formerly Prevero) is a planning and budgeting application designed for the requirements of midsize corporations and the public sector. These organizations are challenged in buying software because they have almost all the requirements of larger enterprises but have a smaller budget and limited technical resources.
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Topics:
Office of Finance,
embedded analytics,
Analytics,
Business Intelligence,
Business Planning,
Financial Performance Management,
Price and Revenue Management,
Digital Technology,
ERP and Continuous Accounting,
collaborative computing,
AI & Machine Learning
IBM Planning Analytics, formerly known as TM1, is a comprehensive planning and analytics application designed to integrate and streamline an organization’s planning processes. It can support multiple planning use cases on a single platform, including financial, headcount, sales and demand planning. The software automates enterprise-wide data collection to make it repeatable and scalable across multiple users and departments. It supports sophisticated driver-based modeling that enables rapid...
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Topics:
Office of Finance,
embedded analytics,
Analytics,
Business Intelligence,
Collaboration,
Business Planning,
ERP and Continuous Accounting,
Predictive Planning,
AI & Machine Learning
Ventana Research recently announced its 2021 market agenda for the Office of Finance, continuing the guidance we’ve offered since 2003 on the practical use of technology for the finance and accounting department. Our insights and best practices aim to enable organizations to operate with agility and resiliency, improving performance and delivering greater value as a strategic partner.
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Topics:
Office of Finance,
enterprise profitability management,
Business Intelligence,
Collaboration,
Business Planning,
Financial Performance Management,
ERP and Continuous Accounting,
Revenue,
blockchain,
robotic finance,
Predictive Planning,
lease and tax accounting,
virtual audit,
virtual close,
AI & Machine Learning
An important recent development in software designed for the Office of Finance is the addition of what we’re calling a data aggregation device (DAD) for analytical applications. A DAD automates the collection of data from disparate sources using, for example, application programming interfaces (APIs) and robotic process automation (RPA). With a DAD, users of the analytical application have immediate access to a much broader data set; one that incorporates operational as well as financial data...
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Topics:
Office of Finance,
Analytics,
Business Intelligence,
Data,
Financial Performance Management,
Price and Revenue Management,
robotic finance,
Predictive Planning,
AI & Machine Learning
One of the challenges of being a practically minded technology analyst is squaring the importance of “the next big thing” with the reality of what most organizations are doing. For decades it’s been the case that “the next big thing” in the world of information technology is easily several years ahead of where most organizations are in their use of technology. And before most organizations can realize the benefit of some whiz-bang technology, they frequently need to address a range of more...
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Topics:
Human Capital Management,
Marketing,
Office of Finance,
Analytics,
Business Intelligence,
Sales Performance Management,
Financial Performance Management,
Price and Revenue Management,
Digital Marketing,
Work and Resource Management,
Digital Commerce,
Operations & Supply Chain,
Enterprise Resource Planning,
ERP and Continuous Accounting,
robotic finance,
Predictive Planning,
revenue and lease accounting,
Subscription Management,
intelligent sales,
AI & Machine Learning
For years I’ve viewed with skepticism the claim that one technology or another will reduce audit costs. For one, there’s rarely a silver bullet. An array of moving parts drive audit fees. For example, the complexity of the corporation, accounting data management and the audit staff’s familiarity with the industry and the company all affect the time auditors must spend. Also, most of the time I’ve found that achieving significant savings was not the result of going from good to great, but from...
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Topics:
Office of Finance,
Analytics,
Business Intelligence,
Financial Performance Management,
ERP and Continuous Accounting,
robotic finance,
AI & Machine Learning
Was accounting ever cool? Well, yes, in a nerdy sort of way. Double-entry bookkeeping, codified in the 15th century by Fra Luca Pacioli, a Franciscan friar and pal of Leonardo Da Vinci, was essential for the expansion of trade and the creation of the modern corporation. Bookkeeping and accounting were as important to economic development as two other financial inventions – insurance and fractional reserve banking. Double-entry bookkeeping is an elegant system, simple yet powerful. It supports...
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Topics:
Big Data,
Office of Finance,
Continuous Planning,
Analytics,
Business Intelligence,
Financial Performance Management,
Enterprise Resource Planning,
ERP and Continuous Accounting
Blockchains are attractive because their built-in security and trust factors make them useful for almost all business interactions involving organizations and individuals. Blockchains have two basic functions. One is as a method for handling transactions involving property such as land deeds, trademarks or other assets. The second involves exchanges of data such as identities of individuals or businesses, the location of an object at a point in time or weather conditions. All interactions...
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Topics:
Big Data,
Data Science,
Mobile,
Marketing Performance Management,
Office of Finance,
Analytics,
Business Intelligence,
Cloud Computing,
Data Governance,
Data Integration,
Data Preparation,
Internet of Things,
Digital Technology,
Digital Marketing,
Digital Commerce,
Operations & Supply Chain
Prophix is an established provider of financial performance management (FPM) software for planning and budgeting, forecasting, analysis and reporting, and managing the financial close and consolidation process. Its eponymous software is designed specifically for midsize companies or midsize divisions of larger corporations. These organizations are a distinctive segment of the market in that they have almost all the functional requirements of large enterprises but have fewer resources to apply...
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Topics:
Planning,
Office of Finance,
Reporting,
Budgeting,
Consolidation,
Continuous Planning,
Analytics,
Business Intelligence,
Collaboration,
Financial Performance Management,
Integrated Business Planning,
accounting close,
Price and Revenue Management,
Work and Resource Management,
Sales Planning and Analytics,
Midsize
In 2016 Unit4acquired Prevero, a financial performance management software company. The acquisition reflects a trend toward theconvergence of transactional and analytical business applications. 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 in order to broaden the scope of their offerings. The integration of transaction processing...
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Topics:
Marketing,
Office of Finance,
Continuous Planning,
Analytics,
Business Intelligence,
Cloud Computing,
Collaboration,
Workforce Management,
Financial Performance Management,
FPM,
Work and Resource Management,
Operations & Supply Chain,
Sales Planning and Analytics