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: Master Data Management, Performance Management, Planning, forecasting, Operational Performance Management (OPM), Reporting, Budgeting, dashboard, long-range planning, strategic, strategy, Business Performance Management (BPM), CFO, Customer Performance Management (CPM), Data, Financial Performance Management (FPM), Sales Performance Management (SPM), Supply Chain Performance Management (SCPM), Workforce Performance Management (WPM), BI, CEO, Financial Performance Management, FPM, scorecard
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: Master Data Management, Performance Management, finance transformation, legal, multinational, Tax, tax compliance, tax data warehouse, tax department, tax optimization, tax planning, Business Analytics, Business Collaboration, Business Performance Management (BPM), CFO, Financial Performance Management (FPM)
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: Master Data Management, chart of accounts, legal, multinational, Tax, tax compliance, tax department, tax optimization, tax planning, Business Analytics, Business Collaboration, Business Performance Management (BPM), CFO, Financial Performance Management (FPM)