ISG Software Research Analyst Perspectives

AI is Changing the Market for Consolidation Software

Posted by Robert Kugel on 11 June 2024

Until recently, dedicated consolidation software had been a sleepy category. First introduced in the 1980s as a tool designed to run on personal computers (freeing the accounting department from reliance on its IT department), offerings basically achieved feature and function parity by the next decade. The last major technology innovation—moving the software to the cloud—began in the mid-2000s.... Read More

Topics: Office of Finance, ERP and Continuous Accounting

Resilient Supply Chains and AI to Manage Costs

Posted by Robert Kugel on 23 May 2024

Rebalancing supply chains to improve resiliency has been a focus of enterprises with even moderately complex and long supply chains for the past four years. One aspect of this rebalancing is that it almost always involves higher costs. Volume discounts and bargaining power are reduced when more suppliers are used, or an alternate supplier may have higher factor costs and therefore must charge... Read More

Topics: Continuous Planning, Business Planning, Product Information Management, Operations & Supply Chain, Continuous Supply Chain & ERP

Oracle Demonstrates Embedded AI for Productivity Gains

Posted by Robert Kugel on 21 May 2024

Oracle held an industry analyst summit recently where the focus was on artificial intelligence (AI) and embedded AI. At the event, Oracle demonstrated progress in adding useful AI-enabled capabilities to its business applications, especially in finance and accounting, supply chain, HR and revenue management. To put this into context, across the software industry, AI is already at work in many... Read More

Topics: Office of Finance, Analytics, Business Planning, ERP and Continuous Accounting, AI and Machine Learning, Order-to-Cash

Automation Addresses VAT Tax Challenges

Posted by Robert Kugel on 16 May 2024

Value-added tax is a consumption tax levied at every point in a supply chain—from production to final sale. It’s based on the difference between the cost of production and the selling price of a product or service, or the value added. Sales taxes are different in that they are generally collected only at the final point of sale to the ultimate consumer. Enterprises collect the value-added tax... Read More

Topics: Office of Finance, Tax, tax compliance, VAT, Order-to-Cash, Value-Added Tax, Sales Tax

The CFO AI Trilemma: Cut Costs, Accomplish More or Both

Posted by Robert Kugel on 13 May 2024

We’re quickly approaching the moment when it becomes clear that artificial intelligence (AI) and generative AI (GenAI) will not be free. As that happens, we will discover who’s willing to pay how much and for what. After nearly 18 months of unlimited use-case fantasizing, it should be obvious that not all the potential applications of AI can be realized over the next three to five years because... Read More

Topics: Office of Finance, Analytics, Business Planning, ERP and Continuous Accounting, Order-to-Cash

Digitizing Tax Provision to Streamline the Close, Reduce Risk

Posted by Robert Kugel on 09 May 2024

The tax provision process is an essential part of the close process and a core responsibility of tax departments. This process estimates the amount of income tax an enterprise will have to pay tax authorities in the jurisdictions in which it operates. Tax accountants derive the number by adjusting the reported net income with a variety of permanent differences, such as expenses that are not... Read More

Topics: Office of Finance, ERP and Continuous Accounting

AI Increases the Value of Order-to-Cash Automation

Posted by Robert Kugel on 07 May 2024

If you search “for want of a nail” on your browser, you’ll discover the age-old wisdom that seemingly trivial things can have a far-reaching impact. It’s a parable for artificial intelligence used in business. Deconstruct the imagined big-picture impact of AI and there are thousands of minor tasks that soon will require little or no human involvement in the interstices of an end-to-end process.... Read More

Topics: Office of Finance, Order-to-Cash

Making Purchasing Departments AI-Ready

Posted by Robert Kugel on 01 May 2024

There have been a multitude of potential use cases for artificial intelligence (AI) and generative AI (GenAI) dreamed up over the past 18 months. ISG-Ventana Research describes AI as the development of systems and software capable of automating tasks that have previously required human intelligence. It encompasses machine learning (ML), deep learning and GenAI to deliver capabilities including... Read More

Topics: Office of Finance

Sage Intacct Enhances Its Roadmap for AI and Generative AI

Posted by Robert Kugel on 15 April 2024

Sage Intacct recently held its annual user conference, and while there were plenty of product announcements and roadmap presentations, my focus here is on the artificial intelligence elements. AI–both predictive and generative–is the most important capability and differentiator in software aimed at finance and accounting departments. Ventana Research asserts that by 2027, almost all vendors of... Read More

Topics: Office of Finance, Business Planning, ERP and Continuous Accounting

Smart Manufacturing Increases Productivity and Resilience

Posted by Robert Kugel on 26 March 2024

Smart manufacturing is a strategic operating approach that aligns advanced manufacturing technology with system and process design principles to promote adaptability. It is a digital, event-driven, collaborative orchestration of physical and digital processes designed to increase productivity, efficiency, adaptability and resilience. These systems use technologies to coordinate the planning and... Read More

Topics: Continuous Planning, S&OP, Operations & Supply Chain, supply chain management, Continuous Supply Chain & ERP, Smart Manufacturing

AI Makes Accounts Receivable a Customer-Facing Organization

Posted by Robert Kugel on 20 March 2024

Artificial intelligence seems poised to change everything, although naturally a great deal of attention tends to be paid to the cool things it makes possible. AI can also make the humdrum less tedious and even transform the dullest of back-office operations into something more meaningful. For example, AI can take accounts receivable automation to the next level. Infusing AI into managing the... Read More

Topics: Office of Finance, AI, AI and Machine Learning, Order-to-Cash

Zoho’s Roadmap Addresses Evolving Enterprise Needs

Posted by Robert Kugel on 12 March 2024

Zoho recently held its annual analyst day to communicate its strategy, objectives and product roadmap. The privately held company, headquartered in Chennai, Tamil Nadu, India, has an unconventional approach to the software market. Its self-described corporate philosophy emphasizes making bold moves that challenge assumptions. Its design engineering approach stresses simplicity and cost while... Read More

Topics: Office of Finance, Voice of the Customer, Digital Commerce, ERP and Continuous Accounting, Order-to-Cash

Productivity by 1,000 Cuts: Building AI Feasibility From the Bottom Up

Posted by Robert Kugel on 05 March 2024

After a year of near-constant AI chatter, the broad strokes of how the technology will roll out in business over the next three to five years are coming into place. It’s almost trite but worth repeating that artificial intelligence will drive a substantial boost in productivity as it’s adopted. Rather than making large swathes of jobs obsolete, it will take the robotic work out of those job... Read More

Topics: Office of Finance, Business Planning, ERP and Continuous Accounting, AI, Order-to-Cash

Why AI Should Be a Focus for the Office of Finance

Posted by Robert Kugel on 28 February 2024

With a year of AI-everywhere-all-the-time chatter now in the rearview mirror, finance and accounting department executives appear to be in a state of apprehension and well-tuned skepticism about the impact this technology will have on their organization. There are solid reasons to believe that the next few years will be transformative, making it important for departments to adopt a fast-follower... Read More

Topics: Office of Finance, Business Planning, ERP and Continuous Accounting, Order-to-Cash

Planning to Get Ahead of What’s Next in the 21st Century

Posted by Robert Kugel on 22 February 2024

We live in an era of uncertainty, not unpredictability. Managing in uncertain times is always difficult, but tools are available to improve the odds for success by making it easier and faster to plan for contingencies and scenarios. Software makes it possible to manage ahead of any future event, connecting the tactical trees to the strategic forest. The purpose of planning is not just to create a... Read More

Topics: Office of Finance, Continuous Planning, Data Management, Business Planning, data operations, AI and Machine Learning

Technology Makes Purchasing More Effective

Posted by Robert Kugel on 20 February 2024

Digitally transforming finance operations has been a priority since 2020. For purchasing and the procure-to-pay cycle, software can streamline processes, shorten process times, reduce unnecessary costs, provide greater visibility into cash flows, increase control and improve results. Digitizing operations helps attract and retain the best talent because professionals spend less time on... Read More

Topics: Office of Finance, Continuous Planning, Business Planning, Supplier Relationship Management, Continuous Supply Chain & ERP

2024 Market Agenda for Operations and Supply Chain: Seize the Opportunity

Posted by Robert Kugel on 29 January 2024

Ventana Research recently announced its 2024 market agenda for Operations and Supply Chain, continuing the guidance we have offered for more than two decades to help enterprises across industries derive optimal value and improved outcomes from business technology. After three years of reacting to disruption, enterprises that have made the right investments and restructured operations are able to... Read More

Topics: Continuous Planning, Product Information Management, Operations & Supply Chain, Property Technology, Supplier Relationship Management, Continuous Supply Chain & ERP

Mining, Intelligence and Monitoring Achieve the Best Process Outcomes

Posted by Robert Kugel on 25 January 2024

Since a majority of today’s workforce wasn’t around in the 1990s, it’s worth noting that “business process reengineering” was all the rage. The purpose was to review, restructure and redesign core business processes to achieve substantial improvements in market and customer responsiveness, productivity, cycle times and quality. One reason for its popularity (beyond being a money spinner for... Read More

Topics: Product Information Management, Operations & Supply Chain, Enterprise Resource Planning, ERP and Continuous Accounting, Continuous Supply Chain & ERP

Office of Finance 2024 Market Agenda: AI Begins Boosting Productivity

Posted by Robert Kugel on 24 January 2024

Ventana Research recently announced its 2024 Market Agenda for the Office of Finance, continuing the guidance we have provided since 2004 on the practical use of technology for the finance and accounting department. Our insights and best practices aim to enable enterprises to operate with agility and resiliency, improving performance and delivering greater value as a strategic partner. We craft... Read More

Topics: Office of Finance, Business Planning, ERP and Continuous Accounting

AI Will Increase the Strategic Value of S&OP

Posted by Robert Kugel on 17 January 2024

Sales and operations planning (S&OP) is trending toward becoming more strategic in product-centric companies through the end of the decade. The purpose of S&OP has grown in importance. Since the mid-teens, the trade and economic environment has become less benign and more unpredictable, forcing many enterprises to redesign their supply chains for resiliency while still surmounting the dual... Read More

Topics: Continuous Planning, Operations & Supply Chain, Enterprise Resource Planning, Continuous Supply Chain & ERP