Robert Kugel's Analyst Perspectives

Putting the “A” Back in FP&A (Financial Planning & Analysis)

Posted by Robert Kugel on Feb 10, 2011 4:31:01 PM

People who perform the financial planning and analysis (FP&A) function in the finance organization put together and update the budgets and forecasts. In many companies, the “A” portion of this activity gets short shrift. That’s because the mechanical process of pulling together and collating the data takes up so much time that very little remains for analysis. The result is that planning and budgeting is a less useful business tool than it could be. Improving FP&A can give executives and managers more insightful analytics and easier access to analytical tools that support more accurate and timely planning and budgeting.

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Topics: FP&A, Finance Analytics, Financial Applications, Business Performance Management (BPM), CFO, finance, Financial Performance Management (FPM), Integrated Business Planning

SAP Plugs a Gap in Financial Filing

Posted by Robert Kugel on Dec 16, 2010 6:13:14 PM

SAP is in the process of acquiring certain financial disclosure management software assets from cundus, a German provider of BI and performance management software. SAP will be buying cundus’ Financial Statement Factory and informationCollector, which together manage the collaborative creation and editing of financial and management reports using both structured and unstructured information. SAP expects to complete the deal by the end of 2010.

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Topics: ERP, Financial Applications, Business Performance Management (BPM), CFO, finance, Financial Performance Management (FPM), Financial Performance Management

A New Financial Force in the Cloud

Posted by Ventana Research on Dec 15, 2010 3:46:41 PM

One of the prominent partners on display at the recent Dreamforce in San Francisco was It’s one of a growing list of providers of in-the-cloud accounting and finance packages built on the platform. Like other of these accounting vendors (such as CompiereIntacctNetsuite and - to some extent and eventually– Workday), it aims principally at companies that have outgrown entry-level accounting software such as Intuit’s QuickBooks. (I covered the emerging use of cloud-based applications for finance departments here.) However, there are key differences. One major difference is that FinancialForce offers customers the choice between buying accounting functionality as a complete package or doing so à la carte. This approach derives from its strategy of going after two types of customers.

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Topics: ERP, Financial Applications, Cloud Computing, Business Performance Management (BPM), CFO, finance, Financial Performance Management (FPM)

SAP Hits Suite Spot for Financial Performance Management

Posted by Robert Kugel on Dec 1, 2010 9:52:07 AM

Ventana Research recently completed its 2010 Financial Performance Management Value Index of the major financial performance management suites. Financial performance management (FPM) is the process of addressing the often overlapping issues around people, process, information and information technology that affect how well finance organizations operate and support the activities of the rest of the organization. FPM deals with the full cycle of finance department activities including planning, forecasting, analysis, closing and reporting. As I noted in my earlier blog about this year’s FPM Value Index, one striking feature of this software category is its general maturity. Budgeting and planning, reporting, closing and statutory consolidation, as well as dashboards and scorecards, have been around for more than a decade, so the suites we examined are all feature-rich and with one notable exception have remarkably similar capabilities at this time. (The exception is automated preparation of XBRL-tagged financial documents for the United States Securities and Exchange Commission – the SEC). Consequently the Value Index scores were tightly clustered. SAP’s suite just edged out those of IBM and Infor in the rankings, though both of those earned the Hot Vendor rating.

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Topics: SAP, ERP, Financial Applications, CFO, finance, Financial Performance Management (FPM), Financial Performance Management

What is the Value of Your Financial Performance Management Software?

Posted by Robert Kugel on Nov 27, 2010 12:42:31 PM

Ventana Research has just announced its Value Index for Financial Performance Management (FPM) for 2010. Our value indexes are user-focused assessments of how well software vendors and packages enable companies to improve their execution of core processes. This one is designed to help businesses, especially the finance organization, evaluate the FPM software suites offered by major vendors in the context of their specific needs. Ventana Research defines financial performance management as the practice of managing the efficiency and effectiveness of financial processes including analytics, budgeting, consolidation, planning, reporting and strategy. The methodology we use to produce the Value Indexes involves evaluating in detail aspects of product functionality and suitability-to-task as well as the effectiveness of vendor support for the buying process and customer assurance.

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Topics: ERP, Office of Finance, Financial Applications, Business Technology, Business Performance Management (BPM), Business Planning, CFO, finance, Financial Performance Management (FPM), Corporate Finance, Financial Performance Management