ISG Software Research Analyst Perspectives | ERP and Continuous Accounting (2)

Achieve a Faster Tax Provision Process for a Faster Close

Posted by Robert Kugel on 17 April 2025

Managing corporate income taxes is a challenge for chief financial officers and their tax department professionals. Tax codes are often complex, so tax accounting as well as the data required for tax provisions and tax compliance are different enough from statutory accounting to create significant workloads for the tax department. The provision for income tax expense and, for public companies,... Read More

Topics: Office of Finance, ERP and Continuous Accounting, tax; tax provision; transfer pricing, digital finance, Consolidate and Close Management

What Analysts Should Do When Anyone Can Analyze with AI

Posted by Robert Kugel on 12 March 2025

One of the promised benefits of artificial intelligence (AI), Generative AI (GenAI) and agents is that they can make everyone their own financial and business analyst. It’s true that these technologies can make it possible for everyone to access once hard-to-reach data (with suitable permissions), unleash agents to assemble the data into useful tables and charts along with commentary describing... Read More

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

A Strategic Approach to Replacing ERP Systems for Modernization and AI

Posted by Robert Kugel on 27 February 2025

Enterprise Resource Planning (ERP) systems are comprehensive software platforms designed to integrate and manage all the core processes of an enterprise while recording transactions and their financial consequences to support the accounting and finance functions. ISG Software Research recently completed our Buyers Guide™ for ERP systems, designed to help enterprises that are replacing their... Read More

Topics: Office of Finance, Continuous Planning, ERP and Continuous Accounting, AI and Machine Learning

Trintech Provides Reliable Record-to-Report Productivity

Posted by Robert Kugel on 25 February 2025

Trintech provides finance departments in larger and midsize enterprises with software to accelerate their accounting close processes while achieving hard and fast accuracy and compliance requirements with less effort. The financial records of an enterprise must be periodically reviewed and summarized to create financial statements that inform executives and interested third parties of the... Read More

Topics: Office of Finance, ERP and Continuous Accounting

Adapting to Higher Inflation Longer with Profitability Management

Posted by Robert Kugel on 05 February 2025

In anticipation of conditions that suggested accelerating price increases, I wrote in 2021 about how technology could be useful in an inflationary period, anticipating the world we live in now. Responding effectively to changes in costs is always challenging, but even more so because of the choppy and chaotic nature of the current environment. Inflation may have abated from its highs throughout... Read More

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

ESG Management Software is Essential for Efficient Compliance

Posted by Robert Kugel on 28 January 2025

Enterprises have been investing in software to manage their environmental, social and governance (ESG) objectives and compliance requirements. The need to account for these considerations in parallel with financial accounting began growing early in the century and accelerated as governments and regulatory authorities began to require companies to measure and document activities and outcomes.... Read More

Topics: Office of Finance, ERP and Continuous Accounting

Intercompany Financial Management is Essential for Multinationals

Posted by Robert Kugel on 22 January 2025

ISG Software Research coined the term intercompany financial management to define a discipline for structuring and handling transactions within an enterprise and between its legal entities. IFM is designed to maximize staff efficiency and accounting accuracy while optimizing tax exposure, minimizing tax leakage and ensuring consistent tax and regulatory compliance. Technology has advanced to a... Read More

Topics: Office of Finance, ERP and Continuous Accounting, Intercompany Financial Management

Streamline Subscription Accounting to Increase Productivity

Posted by Robert Kugel on 08 January 2025

The subscription and recurring revenue business models became a significant part of the economy this century with the advent of streaming services for entertainment and software as a service. They have grown in popularity because they enhance customer lifetime value by evolving what had previously been a one-time-sale relationship into a delivery of ongoing services, which can create a more loyal... Read More

Topics: Office of Finance, ERP and Continuous Accounting

Infor’s Velocity Summit Highlights Multiple Advances and Enhancements

Posted by Robert Kugel on 12 November 2024

I recently attended Infor’s Velocity Summit, designed to showcase the latest versions of its CloudSuite ERP software. Also center stage were Infor’s advances in artificial intelligence and process mining as well as its environmental, social and governance application and supply chain optimization enhancements. The company provides industry-specific enterprise software that enhances business... Read More

Topics: Office of Finance, ERP and Continuous Accounting, natural language processing, AI and Machine Learning, Continuous Supply Chain & ERP

Generative Automation: An Alternative for Process Optimization

Posted by Robert Kugel on 05 November 2024

Agents are all the rage—and for a good reason. They are a way to automate work almost effortlessly so that repetitive and boring tasks get done with the least amount of effort on the part of the operator. In business, agents can be a boon for customer satisfaction and a way to improve worker productivity. They are alluring, with an almost unlimited number of potential use cases. However, as... Read More

Topics: Office of Finance, Business Planning, ERP and Continuous Accounting, natural language processing, AI and Machine Learning, Digital Applications, Order-to-Cash

Should I Stay or Go? Migrating to AI-Enabled Applications

Posted by Robert Kugel on 15 October 2024

Artificial intelligence-enabled business applications have advanced considerably over the past year as software providers have added a steady stream of capabilities. This includes customer facing, financial, supply chain and workforce software. ISG Research asserts that by 2027, almost all providers of business applications will use some form of generative AI to enhance capabilities and... Read More

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

The Prophix One Platform Supports a More Effective Finance Department

Posted by Robert Kugel on 17 September 2024

Prophix launched its Prophix One platform earlier this year. CFOs of midsize enterprises should take a look at it because it supports a more effective approach to finance and accounting operations in growing companies. It facilitates the transition of organizations that can no longer make do with work-arounds of existing systems to those with formal, controlled core processes that can be... Read More

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

Sage Analyst Summit Details its Differentiated Strategic Path

Posted by Robert Kugel on 28 August 2024

Sage recently held an analyst summit to take a deeper dive into its product and technology roadmap, complementing sessions it held at its 2024 user group conference that I commented on earlier this year. ERP systems have been central to the operational and financial management of enterprises since they first appeared in the 1990s. They are so familiar that they have become part of the background... Read More

Topics: Office of Finance, ERP and Continuous Accounting

Technology Transforms ERP for a More Effective Finance Department

Posted by Robert Kugel on 20 August 2024

ERP systems have been the central nervous system of enterprises for more than three decades, handling business-critical process management and recordkeeping. While their basic outlines are unchanged, today’s systems are far more capable in their functional depth, adaptability, usability and manageability. Especially for cloud-based systems, they are far easier to maintain. Decades of refinement... Read More

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

OneStream Splash Highlights Practical AI Advances

Posted by Robert Kugel on 15 August 2024

OneStream offers a platform designed to serve the needs of accounting and financial planning and analysis (FP&A) organizations. The software handles financial close and consolidation, planning and budgeting, analysis and reporting. OneStream recently held its annual user conference, Splash, in Las Vegas. In attending this meeting, my focus was on progress the company has made in the areas of... Read More

Topics: Performance Management, Office of Finance, Business Planning, ERP and Continuous Accounting, AI and Machine Learning, Digital Applications

Gain Finance Department Productivity with Straight-Through Processing

Posted by Robert Kugel on 13 August 2024

Improving data management is at the forefront of my Office of Finance research practice because, when not managed well, it can have a profoundly negative impact on departmental efficiency, individual performance, organizational agility and sustainability. Conversely, straight-through processing (STP), a business process design and data management methodology, reduces process friction throughout... Read More

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

Competitive Innovation is Improving the Economics of GenAI

Posted by Robert Kugel on 09 August 2024

At this stage of the development of Generative AI, there’s much we can see clearly (at least we think we can), but there’s even more likely to surprise us. As that great 20th-century philosopher and hall-of-fame catcher, Yogi Berra, famously said, “It’s tough to make predictions, especially about the future.” The breadth and speed of innovation today in all aspects of GenAI rivals that of the... Read More

Topics: Office of Finance, ERP and Continuous Accounting, Model Building and Large Language Models, Order-to-Cash

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

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

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