This is the beginning of the season when companies that are on a calendar year begin their strategic and long-term planning. Ventana Research performed an extensive investigation in this area with our long-range planning benchmark research. Strategic and long-range planning is a process and discipline that companies use to determine the best strategy for succeeding in the markets they serve and then ensure they have the capabilities and resources needed to support their strategic objectives.
Topics: Budgeting, Business Performance Management (BPM), CEO, CFO, Customer Performance Management (CPM), dashboard, Data, Financial Performance Management, Financial Performance Management (FPM), FPM, Master Data Management, Operational Performance Management (OPM), Performance Management, Planning, Reporting, Sales Performance Management (SPM), Supply Chain Performance Management (SCPM), Workforce Performance Management (WPM), Human Capital Management, Big Data, Office of Finance, Analytics
I recently had a briefing from Vertex on its tax data warehouse (TDW), a key component of its tax technology platform Vertex Enterprise. The TDW concept has been around for decades, but the earliest versions were custom-built and hampered by the technology limitations of their day. This made them expensive to deploy and maintain and constrained their ability to adapt to changing corporate requirements. The basic idea behind a TDW is straightforward: a data store that makes all tax data readily available and can be used to plan and provision a company’s taxes. But the complexity of tax-related data overwhelmed the ability of information technology to deliver on the concept. With today’s technological advances the basic idea is finally realizable in a practical sense.
Topics: Business Analytics, Business Collaboration, Business Performance Management (BPM), CFO, finance transformation, Financial Performance Management (FPM), Master Data Management, Performance Management, Tax, Office of Finance
My colleague Mark Smith and I recently chatted with executives of Tidemark, a company in the early stages of providing business analytics for decision-makers. It has a roster of experienced executive talent and solid financial backing. There’s a strategic link with Workday that reflects a common background at the operational and investor levels. As it gets rolling, Tidemark is targeting large and very companies as customers for its cloud-based system for analyzing data. It can automate alerts and enhance operating visibility, collaboratively assess the potential impacts of decisions and support the process of implementing those decisions.
Topics: Analytics, Big Data, Budgeting, Business Analytics, Business Collaboration, Business Intelligence, Business Mobility, Business Performance Management (BPM), Cloud Computing, Customer Performance Management (CPM), Data Governance, Data Integration, Data Warehousing, Financial Performance Management, Financial Performance Management (FPM), GRC, In-Memory Computing, Information Management, Integrated Business Planning, Mobility, Operational Performance Management (OPM), Performance Management, Planning, Predictive Analytics, Risk, Risk Analytics, Sales Performance Management (SPM), Workday, Workforce Performance Management (WPM), Strata+Hadoop, Master Data Management
Right after I posted my blog about the dearth of useful content for the line-of-business and finance audience at this year’s Oracle Open World, I attended a truly useful session. (Of course, it had been shunted to the next-to-last time slot on the final day of the event.) It was a case study presented by AT&T’s tax group, discussing its use of Oracle Hyperion Financial Management to manage the corporation’s tax data.
Topics: Business Analytics, Business Collaboration, Business Performance Management (BPM), CFO, chart of accounts, Financial Performance Management (FPM), Master Data Management, Tax, Office of Finance