For me, the most significant announcement to come out of the recent SAPinsider conference was the company’s formal release of Business Planning and Consolidation (BPC) running on HANA, SAP’s in-memory computing appliance. For me, HANA is a potential “game changer” for planning, statutory consolidation and other analytics-supported financial processes because of the substantial reduction it enables in processing time from loading to reporting. In-memory systems provide a substantial edge in...
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Topics:
Big Data,
Mobile,
Planning,
SAP,
Social Media,
Customer Experience,
ERP,
GRC,
Office of Finance,
Operational Performance Management (OPM),
Budgeting,
IFRS,
XBRL,
Analytics,
Business Analytics,
Business Collaboration,
Business Mobility,
Cloud Computing,
In-memory,
Business Performance Management (BPM),
finance,
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
Financial Performance Management,
GAAP,
HANA
Financial analysts typically classify real estate as a fixed cost. Strictly speaking, that’s correct, but looking at it this way leads many organizations to overlook and miss opportunities to more carefully manage their real estate and other occupancy expenses. In industries where occupancy or ownership costs account for more than 20 percent of total business expense, taking a more active approach to managing real estate and occupancy can improve a company’s profitability. But in most cases...
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Topics:
Performance Management,
Customer Experience,
Office of Finance,
Operational Performance Management (OPM),
Business Analytics,
Business Performance Management (BPM),
CFO,
Financial Performance Management (FPM),
Financial Performance Management
ERP systems not only collect information about transactions, they also automate processes. The latter includes managing the handoffs between roles and enabling electronic document creation and management associated with that. Indeed, it was the promise of improving process management and process execution that spurred companies to adopt ERP in the 1990s.
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Topics:
Customer Experience,
ERP,
Office of Finance,
Operational Performance Management (OPM),
end-to-end,
Business Performance Management (BPM),
Business Process Management,
CFO,
Financial Performance Management (FPM),
business process execution
My colleague Mark Smith and I have frequently commented on the artificiality of the emerging software category governance, risk and compliance (GRC). To be sure, once stand-alone categories of software (IT governance, audit documentation and industry-specific compliance management, to name three examples) have started what I expect to be a long convergence process. Moreover, since just about all controls and risk management efforts require a secure IT environment to be effective, there is a...
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Topics:
Customer Experience,
Governance,
GRC,
Office of Finance,
Operational Performance Management (OPM),
enterprise risk management,
ERM,
Business Performance Management (BPM),
compliance,
Financial Performance Management (FPM),
Risk,
controls,
IT governance
