Back in the old days (20 years ago or so) companies that wanted to expand or update their telephone systems had to do what was called a “forklift migration.” In other words, they had to remove big, heavy and very expensive boxes of electronics from an equipment room and replace them with newer big, heavy and very expensive boxes. The process of adding, deleting or changing people, offices and phone numbers was equally burdensome and costly. This all seems quaint now because digital telephony...
Read More
Topics:
SAP,
ERP,
Office of Finance,
Business Performance,
Financial Performance,
Governance, Risk & Compliance (GRC),
Oracle,
Infor
Are you a human resources executive who’s still using spreadsheets and various database systems to track and manage compensation and incentives of your workforce? If you aren’t, then believe it or not, you’re in the minority.
Read More
Topics:
Sales Performance,
Human Capital Management,
Office of Finance,
Operational Performance,
Business Analytics,
Business Collaboration,
Business Performance,
Cloud Computing,
Financial Performance,
Workforce Performance,
Compensation,
finance,
Talent Management,
Workforce Performance Management
Turning data into information for taking actions and making decisions has bedeviled businesses throughout the computer age. Many organizations have data in dozens of applications and legacy systems along with many reports in various business intelligence systems. The challenge is to get data from each of the reports and assemble it into contextualized views of information for particular business needs. In our benchmark research on what we call information applications, only 11 percent of...
Read More
Topics:
Sales Performance,
Supply Chain Performance,
Reporting,
Operational Performance,
Business Analytics,
Business Intelligence,
Business Performance,
Customer & Contact Center,
Financial Performance,
Information Applications,
Workforce Performance,
Datawatch,
Document Management
In various forms, business intelligence (BI) – as queries, reporting, dashboards and online analytical processing (OLAP) – is being used increasingly widely. And as basic BI capabilities spread to more organizations, innovative ones increasingly are exploring how to take advantage of the next step in the strategic use of BI: predictive analytics. The trend in Web searches for the phrase “predictive analytics” gives one indication of the rise in interest in this area. From 2004 through 2008, the...
Read More
Topics:
Predictive Analytics,
Predixion,
R,
Revolution Analtyics,
Sales Performance,
SAS,
Social Media,
Supply Chain Performance,
Operational Performance,
Analytics,
Business Analytics,
Business Collaboration,
Business Intelligence,
Business Mobility,
Business Performance,
Business Technology,
CIO,
Cloud Computing,
Customer & Contact Center,
Financial Performance,
IBM SPSS,
Information Builders,
Information Technology,
KXEN,
Netezza,
Oracle,
Tibco,
Workforce Performance
Turning data into information for taking actions and making decisions has bedeviled businesses throughout the computer age. Many organizations have data in dozens of applications and legacy systems along with many reports in various business intelligence systems. The challenge is to get data from each of the reports and assemble it into contextualized views of information for particular business needs. In our benchmark research on what we call information applications, only 11 percent of...
Read More
Topics:
Sales Performance,
Supply Chain Performance,
Reporting,
IT Performance,
IT Research,
Operational Performance,
Business Analytics,
Business Intelligence,
Business Performance,
Customer & Contact Center,
Financial Performance,
Governance, Risk & Compliance (GRC),
Information Applications,
Information Management,
Workforce Performance,
Datawatch,
Document Management
Although I continue to believe that governance, risk and compliance (GRC) is not a firm software category, software vendors continue to add depth and breadth to their offerings that support corporate governance, help manage risks systemically in business and IT and provide greater visibility into compliance efforts. For example, with its release of OpenPages 6.0 IBM had made an important enhancement by marrying the document management capabilities of its OpenPages acquisition with Cognos’s...
Read More
Topics:
Governance,
GRC,
Office of Finance,
Chief Risk Officer,
IT Performance,
Operational Performance,
Business Intelligence,
Business Performance,
Financial Performance,
compliance,
Risk,
Internal Audit
While Europeans have long had to adapt to working in many languages, currencies and legal jurisdictions, a generation ago most midsize companies in the United States did all their business in their home country and in U.S. dollars. Today, though, the relentless globalization of the world economy means that an increasing number of midsize companies in North America are functionally multinational and face the challenges of managing a more complex and demanding accounting and financial management...
Read More
Topics:
ERP,
Office of Finance,
Sunsystems,
Business Performance,
Financial Performance,
CFO,
Financial Management,
Infor,
Corporate Finance,
FMS
When the term “governance, risk and compliance” (GRC) was introduced almost 10 years ago, software for this purpose was not a real category but a loose grouping of disparate applications that had something to do with meeting the requirements of the recently passed Sarbanes-Oxley Act. (You can find my perspective on the GRC category from a couple of years ago here. Now, with the release 10.0 of SAP BusinessObjects GRC, SAP is taking another step toward making the software category a real,...
Read More
Topics:
SAP,
GRC,
Office of Finance,
IT Research,
Operational Performance,
Analytics,
Business Intelligence,
Business Performance,
Financial Performance,
Information Management,
CFO,
Corporate Governance,
Governance Risk and Compliance
Back-office operations in commercial and investment banks are among those critical functions that are underappreciated until they stop working well. This includes transaction reconciliations and the related exceptions management. Reconciliations are necessary to achieve a reasonable assurance of complete and accurate record of trading activity. The process is especially challenging now, partly because of today’s high and growing volumes in the wide range of asset classes in which all larger...
Read More
Topics:
GRC,
Office of Finance,
Financial Governance,
Reconciliation,
Sungard,
Operational Performance,
Analytics,
Business Analytics,
Business Intelligence,
Business Performance,
Financial Performance,
Information Management,
CFO,
Corporate Governance,
Governance Risk and Compliance
The new CEO of Hewlett-Packard, Leo Apotheker, has unveiled his vision of the future in the consumer and enterprise markets. His announcement carried some suspense after interviews in which he said “HP has lost its soul” and added that he will “get rid of cynics” inside HP who try to undercut his mission. Now Leo has defined what his company calls Everybody On, which is described as “seamless, secure, context-aware experiences for a connected world.” He intends that HP will reposition itself in...
Read More
Topics:
Sales Performance,
Social Media,
Supply Chain Performance,
Sustainability,
Business Technology Innovation,
IT Performance,
IT Research,
Operational Performance,
Analytics,
Business Analytics,
Business Collaboration,
Business Intelligence,
Business Mobility,
Business Performance,
CIO,
Cloud Computing,
Collaboration,
Customer & Contact Center,
Enterprise Software,
Financial Performance,
Governance, Risk & Compliance (GRC),
HP,
Information Applications,
Information Management,
Information Technology,
Location Intelligence,
Mobility,
Operational Intelligence,
Workforce Performance
The business intelligence (BI) technology market is undergoing a revolution. I’ve been working in this segment for 20 years, and it is and has been an exciting market in which to work, but its dynamic nature can be daunting to organizations trying to evaluate, purchase and deploy BI to improve their business processes. And despite the advances our benchmark research shows high levels of dissatisfaction with and immaturity in BI capabilities within organizations.
Read More
Topics:
Sales Performance,
Social Media,
Supply Chain Performance,
Business Technology Innovation,
IT Performance,
IT Research,
Operational Performance,
Business Analytics,
Business Collaboration,
Business Intelligence,
Business Mobility,
Business Performance,
Business Technology,
CIO,
Cloud Computing,
Collaboration,
Customer & Contact Center,
Enterprise Software,
Financial Performance,
Information Management,
Information Technology,
Mobility,
Operational Intelligence,
Workforce Performance
The just-concluded SAS Institute analyst summit (Twitter: #SASSB) provided the annual update on the company’s performance, strategy, products and customers. My analysis of last year’s event talked about its continuation of its product roadmap to new customer acquisition and the broadening of its underlying platform, applications and vertical solutions. SAS is no small-time mover and shaker when it comes to the analytics industry; it extends from technology to tools and applications across...
Read More
Topics:
Sales Performance,
SAS,
Social Media,
Supply Chain Performance,
Fraud,
IT Performance,
Operational Performance,
Analytics,
Business Intelligence,
Business Performance,
Business Technology,
CIO,
Collaboration,
Customer & Contact Center,
Enterprise Software,
Financial Performance,
Information Management,
Information Technology,
Mobility,
Operational Intelligence,
Workforce Performance,
Risk
The just-concluded SAS Institute analyst summit (Twitter: #SASSB) provided the annual update on the company’s performance, strategy, products and customers. My analysis of last year’s event talked about its continuation of its product roadmap to new customer acquisition and the broadening of its underlying platform, applications and vertical solutions. SAS is no small-time mover and shaker when it comes to the analytics industry; it extends from technology to tools and applications across...
Read More
Topics:
Sales Performance,
SAS,
Social Media,
Supply Chain Performance,
Fraud,
IT Performance,
Operational Performance,
Analytics,
Business Intelligence,
Business Performance,
Business Technology,
CIO,
Collaboration,
Enterprise Software,
Financial Performance,
Information Management,
Information Technology,
Mobility,
Operational Intelligence,
Workforce Performance,
Risk
Last week SAP launched the 4.0 Release of its Business Intelligence and Enterprise Information Management products in conjunction with the New York City stop on its “SAP Run Better Tour”. My colleague Mark Smith has already covered the announcement in the context of some of today’s major technology trends. In this post, I’ll focus on the specifics of the product announcements.
Read More
Topics:
Sales Performance,
SAP,
Social Media,
IT Performance,
Operational Performance,
Analytics,
Business Intelligence,
Business Performance,
Business Technology,
CIO,
Collaboration,
Enterprise Software,
Financial Performance,
Information Management,
Information Technology,
Mobility,
Operational Intelligence,
Workforce Performance
Taxes are a big expense for most companies, profitable or not. Many larger and midsize companies must traverse a complex and constantly shifting landscape of tax rules, rates, and jurisdictions. I’ve previously written about the need for corporations to manage their taxes more intelligently, and that that may require someone in the tax department who understands both the department’s functional requirements and what information technology can do to improve those functions. Today I am going to...
Read More
Topics:
Tax,
Business Performance,
Financial Performance,
CFO,
Corporate Finance,
Financial Performance Management
SAP has reached a critical milestone in launching version 4 of its business intelligence (BI) and enterprise information management (EIM) product suite from its SAP BusinessObjects portfolio. These offerings, currently in final beta testing, will be released as a collection of software products by midyear.
Read More
Topics:
Sales Performance,
SAP,
Social Media,
IT Performance,
Operational Performance,
Analytics,
Business Intelligence,
Business Performance,
Business Technology,
CIO,
Collaboration,
Enterprise Software,
Financial Performance,
Information Management,
Information Technology,
Mobility,
Operational Intelligence,
Workforce Performance
The technology analyst industry has ended its barrage of exuberant predictions for the new year. After digesting all of these commentaries (some were a challenge, I admit), we need to stop our predicting and instead start a discussion about what all of us ought to be doing. From my perspective, that should be an annual statement of direction, what we here call the research agenda. I have decided it is time to remind all of us what this important activity is and why it is really important to see...
Read More
Topics:
Sales Performance,
Supply Chain Performance,
Market Research,
IT Performance,
IT Research,
Operational Performance,
Analytics,
Business Intelligence,
Business Performance,
Business Technology,
Customer & Contact Center,
Financial Performance,
Governance, Risk & Compliance (GRC),
Information Applications,
Information Management,
Information Technology,
Location Intelligence,
Operational Intelligence,
Workforce Performance,
Industry Analyst
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...
Read More
Topics:
FP&A,
Finance Analytics,
Financial Applications,
Business Performance,
Financial Performance,
CFO,
finance,
Integrated Business Planning
I have written before about enterprise risk management, which is an essential piece of both performance management and corporate governance. Every aspect of business entails risk. Everyone who makes a business decision is – whether consciously or not – making trade-offs between risk and reward. Assessing risk is tricky in business because it means different things to different people depending on where they work and their specific role in an organization. From a broad view, risk management...
Read More
Topics:
Governance,
GRC,
Office of Finance,
Operational Performance,
Business Performance,
Financial Performance,
CFO,
compliance
Social media, the newest channel of communication across the Internet, is increasingly being used to influence, but also to deliver advice and research. I wrote about this revolution last year (See: “The Social Media Revolution in Industry Analyst Community”), reporting on the transformation that is underway and the work of our firm along with Altimeter Group and dozens of other active industry analysts. While some industry analysts are aggressively engaged in social media, using Twitter and...
Read More
Topics:
Sales Performance,
Social Media,
Supply Chain Performance,
Market Research,
IT Performance,
IT Research,
Operational Performance,
Analytics,
Business Intelligence,
Business Performance,
Business Technology,
Customer & Contact Center,
Financial Performance,
Governance, Risk & Compliance (GRC),
Information Applications,
Information Management,
Information Technology,
Location Intelligence,
Operational Intelligence,
Workforce Performance,
Industry Analyst
I recently commented on why I believe companies must manage taxes more intelligently. One dimension of this is optimizing tax risk exposure. Most corporate tax codes are notoriously complex and at times ambiguous, leaving room for companies to interpret their application. These interpretations fall on a scale of “conservative” to “aggressive,” in which companies weigh the risk of penalties and other negative outcomes against that of paying more taxes than necessary. It strikes me that few of...
Read More
Topics:
Tax,
Business Performance,
Financial Performance,
CFO,
Financial Performance Management
The new year started off with a bang in the human capital management software market as SumTotal Systems acquired GeoLearning, a leading learning management system (LMS) software vendor.
Read More
Topics:
Learning,
Performance,
Operational Performance,
Business Performance,
Cloud Computing,
Financial Performance,
Workforce Performance,
Compensation,
SumTotal Systems,
Talent Management,
Workforce Analytics
In a very quiet and very subtle move, Callidus Software (NASDAQ: CALD) has offered to purchase the assets of ForceLogix for about $3.75 million. This sales applications software company provides sales coaching software to help sales managers realize the full value of their sales representatives. In 2010, Callidus Software entered into an OEM agreement to embed ForceLogix within a new offering called Sales Coaching; it clearly concluded that the opportunity to expose the application to further...
Read More
Topics:
Sales Performance,
Salesforce.com,
Sales Coaching,
Sales Effectiveness,
Sales Operations,
Operational Performance,
Business Performance,
Cloud Computing,
Customer & Contact Center,
Financial Performance,
Governance, Risk & Compliance (GRC),
Workforce Performance,
Callidus Software,
Sales Performance Management
Wall Street has many leading indicators to work with, some serious – such as housing starts and the purchasing managers’ index – and some done a bit tongue-in-cheek. One of the latter is the Super Bowl Indicator, which says that if a team from the original National Football League wins the game, the market will be up for the year, but if an old American Football League team wins it, the market will be down. The amazing thing is that so far this heuristic has an accuracy rate better than 75%! On...
Read More
Topics:
Sales Performance,
Salesforce.com,
IT Performance,
Operational Performance,
Business Intelligence,
Business Performance,
Cloud Computing,
Customer & Contact Center,
Enterprise Software,
Financial Performance,
Information Management
One of the prominent salesforce.com partners on display at the recent Dreamforce in San Francisco was FinancialForce.com. It’s one of a growing list of providers of in-the-cloud accounting and finance packages built on the Force.com platform. Like other of these accounting vendors (such as Compiere, Intacct, Netsuite 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...
Read More
Topics:
ERP,
Financial Applications,
Business Performance,
Cloud Computing,
Financial Performance,
CFO,
finance
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,...
Read More
Topics:
SAP,
ERP,
Financial Applications,
Financial Performance,
CFO,
finance,
Financial Performance Management
The US Securities and Exchange Commission’s (SEC) “Interactive Data” initiative continues to progress forward. Thus far, some 1,500 corporations have filed their financial information using XBRL tags to facilitate review and analysis, of which almost 400 have had done detailed tagging of their footnotes. By June 2011 all public companies will have to provide an XBRL-tagged, interactive version of their financial statements. As I’ve noted in the past, I think companies should find ways to...
Read More
Topics:
Office of Finance,
XBRL,
IT Performance,
Business Performance,
Business Technology,
Financial Performance,
CFO,
Corporate Finance,
Financial Performance Management
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...
Read More
Topics:
ERP,
Office of Finance,
Financial Applications,
Business Performance,
Business Technology,
Financial Performance,
Business Planning,
CFO,
finance,
Corporate Finance,
Financial Performance Management
I’ve written quite a bit about integrated business planning (IBP), which is the process of connecting aspects of the planning function across an organization to improve its internal alignment and financial performance. IBP begins with operational – rather than financial – planning (that is, budgeting) because it’s about running the business and figuring out how to make the financial aspects work to support the business plan. IBP is especially important for corporations in which projects can...
Read More
Topics:
Performance Management,
Project Portfolio Management,
IT Performance,
Operational Performance,
CIO,
Financial Performance,
Business Planning,
CFO,
Initiatives Management,
Initiatives Planning,
Operational Planning
For the past couple of years I’ve been asserting that most larger companies (those with 1,000 or employees) need to adopt a new approach to using software to handle their taxes comprehensively, both the direct sort (income taxes) and the indirect variety (sales and use taxes as well as value-added or goods and services taxes). This is a necessary response to an emerging challenge from more competent and determined tax enforcement by governments worldwide. It will require corporations to make...
Read More
Topics:
Office of Finance,
Enterprise Tax,
Tax Software,
Business Performance,
Financial Performance,
CFO,
Corporate Finance,
Financial Performance Management,
International Finance
IBM announced it has acquired Clarity Systems, a Toronto-based vendor of performance management software and consulting. Terms of the deal were not disclosed. (My most recent blog and analysis about Clarity Systems can be found here. The acquisition fills an important hole in the IBM Cognos applications portfolio, as Clarity FSR is a leading application for automating and managing the close-to-report cycle. This capability has become essential for companies that are required to file financial...
Read More
Topics:
Clarity Systems,
Financial Close,
Business Performance,
Financial Performance,
Financial Performance Management
SuccessFactors is known for applications in performance and talent management but has been working to expand its portfolio more broadly into business. This year the company expanded its focus to workforce analytics with the acquisition of Inform, which I assessed. I have assessed that Inform needed to improve the usability of its tools to compete better which is now more easily possible with a new acquisition.
Read More
Topics:
Human Capital Management,
SuccessFactors,
Analytics,
Business Intelligence,
Business Performance,
Financial Performance,
Workforce Performance,
Talent Management
With its FXR offering, Longview Solutions becomes the latest entrant into the market for software that automates the close-to-report cycle. Addressing the steps in the accounting cycle after the books are closed, the product assembles this accounting data, data from other sources (for example, management data such as a business segment breakout of revenues and operating profits or nonaccounting data such as the amount of real estate owned or leased), and the written commentary that accompanies...
Read More
Topics:
Financial Close,
LongView,
Business Performance,
Financial Performance,
Workforce Performance,
Financial Performance Management
As part of its recent IBM Business Analytics Industry Analyst Summit, I participated in a demonstration of IBM Business Analytics Workshop, a simulation that the company uses to demonstrate the capabilities of its performance management software. Rather than offering a canned demo or a Microsoft PowerPoint deck, the workshop gives a team of individuals from a company a reasonably realistic interactive experience of using the software for a purpose. The group starts with a set of financial goals...
Read More
Topics:
Performance Management,
Sales Performance,
Operational Performance,
Business Analytics,
Business Intelligence,
Business Performance,
Financial Performance,
Information Management,
Workforce Performance
Ecology and economy are two words with the same root. Similarly, the focus on sustainability in business has two sorts of "green" impacts: on the environment and (if you do it right) on the bottom line. Perillon has an on-demand and cloud computing-based solution for companies that want to manage their double-green sustainability efforts more effectively. Perillon Workspace Suite offers "sustainability performance management" for organizations in energy and environmental management. It delivers...
Read More
Topics:
Supply Chain Performance,
Sustainability,
Perillon,
Business Performance,
Financial Performance,
Financial Performance Management
Oracle unveiled its Fusion Financials applications at its latest OpenWorld confab as part of its broader Fusion Applications announcement. The software will be generally available shortly. Beyond it being the approach to bringing together the disparate ERP/Financial applications the company owns (E-Business Suite/Oracle Applications, PeopleSoft and JD Edwards), Oracle Fusion Financials rethinks the architecture on which the software is built consistent with the longer-term business software...
Read More
Topics:
Financial Close,
Business Performance,
Financial Performance,
Oracle,
Financial Performance Management
At Oracle OpenWorld this week the company announced its next generation of business applications call Oracle Fusion Applications , which Larry Ellison touted in his closing day keynote at last year's conference, as I noted then. Oracle's head of strategy, Gretchen Alarcon, and head of development, Clive Swan, presented the introduction to one of the seven Fusion families, Human Capital Management, and afterward many sessions provided depth on the product. Though this application suite is not...
Read More
Topics:
Human Capital Management,
Business Performance,
Financial Performance,
Workforce Performance,
Talent Management,
Workforce Performance Management
IBM has announced its intention to acquire OpenPages, a privately held, Massachusetts-based software company focused on governance, risk and compliance (GRC). I noted that after the deal finishes, the business will reside within IBM’s analytics group rather than in document management; this arrangement signals IBM’s intention to integrate its collaboration and communications around performance management (and achieve a fusion of text and data) and sharpen the ability of OpenPages to get an...
Read More
Topics:
GRC,
Open Pages,
Operational Management,
Operational Performance,
Business Performance,
Financial Performance,
Financial Management
Looking forward to Oracle OpenWorld, I was recalling that about 20 years ago, when I started covering the software industry as a Wall St. analyst, I paid a visit to the company. There were many fewer database-shaped glass buildings there in Redwood Shores then but the lack of corporate focus on business applications and users remains unchanged.
Read More
Topics:
Sales Performance,
Supply Chain Performance,
IT Performance,
Operational Performance,
Business Intelligence,
Business Performance,
Enterprise Software,
Financial Performance,
Information Management,
Information Technology,
Oracle,
Workforce Performance
Consolidation activity increased in the market for applications in talent management or what I call workforce performance management as ADP announced and now has closed the acquisition of Workscape. ADP is a $9 billion outsourcing provider that is well known for providing employer and payroll services; the company has been expanding its breadth of services for employers by responding to demand for software as a service (SaaS), a deployment model that does not require significant involvement...
Read More
Topics:
Performance Management,
Kenexa,
Business Performance,
Financial Performance,
Workforce Performance,
Compensation,
Talent Management
Most large corporations have embraced some form of “performance management” software – perhaps even multiple forms – including business analytics to help create key performance indicators, reporting systems for graphically presenting information in a useful context (such as dashboards, scorecards or a recurring performance report) as well as planning systems to create budgets and forecasts or handle reviews. These sorts of systems become rarer as the size of the organization gets smaller. One...
Read More
Topics:
Financial Close,
Host Analytics,
Business Performance,
Financial Performance,
Financial Performance Management
Today was another inflection point for the talent management market and buyers of HR applications with the announcement that Kenexa is acquiring salary.com (NASDAQ: SLRY) pending shareholder and SEC approval. Kenexa is offering a cash-per-share agreement that should work to complete the transaction. More complicated will be figuring out how to retain the talent at salary.com; that company has been decreasing in sales and size of the organization over the last couple of years and has struggled...
Read More
Topics:
Performance Management,
Kenexa,
Business Performance,
Financial Performance,
Workforce Performance,
Compensation,
Talent Management
Accelerating the completion of the accounting cycle remains an important objective for Finance organizations. Research shows that about half of the midsize and larger companies take more than five business days to close their books on a monthly or quarterly basis; some much longer. A fast, accurate close is important if only because it enables companies to provide financial feedback to executives and managers sooner and therefore allows them to address issues or opportunities faster. One of the...
Read More
Topics:
Financial Close,
Business Performance,
Financial Performance,
Financial Performance Management
Activity Based Costing (ABC) is one several popular techniques to apply marginal cost analysis to arrive at a more accurate measure of a product’s true economic cost. It became popular in the United States starting in the 1980s (earlier in Germany) as it became clear to many that traditional cost accounting techniques do not reflect the true, economic cost of production in complex, multi-product environments. Consequently, companies might price items higher than they should and lose market...
Read More
Topics:
Supply Chain Performance,
Operational Performance,
Business Performance,
Financial Performance,
Cost Management,
Maxager,
Profitability
To utilize a workforce effectively requires information about it and the ability to analyze that in the context of the business’s needs. Yet it has long been the case that the use of analytics and business intelligence (BI) is least advanced in the human resources function. It remains so even as organizations introduce talent management applications to supplement or replace legacy human resource management systems (HRMSs). We believe that to apply analytics effectively to talent management...
Read More
Topics:
Human Capital Management,
Business Performance,
Financial Performance,
Workforce Performance,
Talent Management,
Workforce Analytics
In July, Australia adopted what it calls "Standard Business Reporting" (SBR), which is designed to reduce the reporting burden imposed on businesses by the country's federal and state governments by streamlining the information submission ("lodging" for the Oz) process. In essence, the country is on its way to a file-once-use-many approach whereby companies provide data using a single secure sign-on known as "AUSkey" As of now, SBR reports include the Business Activity Statement, Tax File...
Read More
Topics:
XBRL,
Business Performance,
Financial Performance,
finance,
SEC
Intacct, which offers cloud-based accounting software for small and smaller midsize companies is starting to put more emphasis on addressing the needs of project-oriented, professional services businesses. One of the challenges that these companies face is getting their accounting systems to support their business at a functional level. To be sure, any ERP system can account for projects, in the sense that they can aggregate labor and material costs attributed in some subcategory such as "new...
Read More
Topics:
Office of Finance,
Business Performance,
Cloud Computing,
Financial Performance,
Financial Management
Today’s intense competitive pressures demand that organizations utilize their human capital more effectively. Taleo has been steadily growing as a provider of talent management by offering its applications and platform through software as a service (SaaS). Now it has advanced into what they call Talent Intelligence that can help organizations gain new insights on their workforce and individual employees by examining their potential and areas for improvement. Research has shown that performance...
Read More
Topics:
Human Capital Management,
Business Performance,
Financial Performance,
Workforce Performance,
Talent Management,
Taleo
It turns out that some consumer goods manufacturers and retailers are having a hard time finding space on container ships and even finding containers to ship in. This has driven up the cost of shipping these items and at times resulted in deliveries arriving too late for scheduled promotions or seasonal demand peaks. This, during a time of constrained consumer spending in North America and Europe and an extended period where the Baltic Dry Index (a measure of shipping rates for bulk commodities...
Read More
Topics:
Planning,
Budgeting,
IBP,
Operational Performance,
Financial Performance
Anyone who has had to regularly produce a written business forecast that goes out more than a couple of months understand all too well Yogi Berra’s famous observation: “It’s tough to make predictions, especially about the future.” Certainly the economic events of the past two years have regularly made forecasts obsolete in a very short period of time. Using the wisdom of crowds can help the accuracy of forecasts in some cases because the impacts of individual biases are largely cancelled out....
Read More
Topics:
Big Data,
Planning,
IBP,
Operational Performance,
Business Performance,
Financial Performance
SuccessFactors is known for applications in performance and talent management but has been working to expand its portfolio more broadly into business. This year the company expanded its focus to workforce analytics with the acquisition of Inform, which I assessed. I have assessed that Inform needed to improve the usability of its tools to compete better which is now more easily possible with a new acquisition.
Read More
Topics:
Human Capital Management,
SuccessFactors,
Analytics,
Business Intelligence,
Business Performance,
Financial Performance,
Workforce Performance,
Talent Management
At Oracle OpenWorld this week the company announced its next generation of business applications call Oracle Fusion Applications , which Larry Ellison touted in his closing day keynote at last year's conference, as I noted then. Oracle's head of strategy, Gretchen Alarcon, and head of development, Clive Swan, presented the introduction to one of the seven Fusion families, Human Capital Management, and afterward many sessions provided depth on the product. Though this application suite is not...
Read More
Topics:
Human Capital Management,
Business Performance,
Financial Performance,
Workforce Performance,
Talent Management,
Workforce Performance Management
IBM has announced its intention to acquire OpenPages, a privately held, Massachusetts-based software company focused on governance, risk and compliance (GRC). I noted that after the deal finishes, the business will reside within IBM’s analytics group rather than in document management; this arrangement signals IBM’s intention to integrate its collaboration and communications around performance management (and achieve a fusion of text and data) and sharpen the ability of OpenPages to get an...
Read More
Topics:
GRC,
Open Pages,
Operational Management,
Operational Performance,
Business Performance,
Financial Performance,
Financial Management
At the eye of the tornado of accusations, rumors and gossip in Silicon Valley that began with CEO Mark Hurd’s departure from Hewlett-Packard are the internal politics and lack of management procedures and oversight at the company. I have pointed out a connection not discussed elsewhere to issues around the enterprise software efforts at HP (See: “HP Scandal Reflects on Enterprise Software Issue“). Now with Oracle CEO Larry Ellison’s hiring of Hurd as president and appointment of him to the ...
Read More
Topics:
Sales Performance,
Business Performance,
Customer & Contact Center,
Enterprise Software,
Financial Performance,
Information Technology,
Oracle
Consolidation activity increased in the market for applications in talent management or what I call workforce performance management as ADP announced and now has closed the acquisition of Workscape. ADP is a $9 billion outsourcing provider that is well known for providing employer and payroll services; the company has been expanding its breadth of services for employers by responding to demand for software as a service (SaaS), a deployment model that does not require significant involvement...
Read More
Topics:
Performance Management,
Kenexa,
Business Performance,
Financial Performance,
Workforce Performance,
Compensation,
Talent Management
Today was another inflection point for the talent management market and buyers of HR applications with the announcement that Kenexa is acquiring salary.com (NASDAQ: SLRY) pending shareholder and SEC approval. Kenexa is offering a cash-per-share agreement that should work to complete the transaction. More complicated will be figuring out how to retain the talent at salary.com; that company has been decreasing in sales and size of the organization over the last couple of years and has struggled...
Read More
Topics:
Performance Management,
Kenexa,
Business Performance,
Financial Performance,
Workforce Performance,
Compensation,
Talent Management
To utilize a workforce effectively requires information about it and the ability to analyze that in the context of the business’s needs. Yet it has long been the case that the use of analytics and business intelligence (BI) is least advanced in the human resources function. It remains so even as organizations introduce talent management applications to supplement or replace legacy human resource management systems (HRMSs). We believe that to apply analytics effectively to talent management...
Read More
Topics:
Human Capital Management,
Business Performance,
Financial Performance,
Workforce Performance,
Talent Management,
Workforce Analytics
Today’s intense competitive pressures demand that organizations utilize their human capital more effectively. Taleo has been steadily growing as a provider of talent management by offering its applications and platform through software as a service (SaaS). Now it has advanced into what they call Talent Intelligence that can help organizations gain new insights on their workforce and individual employees by examining their potential and areas for improvement. Research has shown that performance...
Read More
Topics:
Human Capital Management,
Business Performance,
Financial Performance,
Workforce Performance,
Talent Management,
Taleo
Many organizations want to improve the performance of their sales and customer service operations but have difficulty increasing efficiency and producing better results. One barrier to improvement is sticking with the status quo of managing sales operations and performance through spreadsheets, as 47 percent of organizations still do, according to Ventana Research’s benchmark research on sales performance management. Also many organizations continue to expect good results from using sales force...
Read More
Topics:
Sales Performance,
Merced Systems,
Operational Performance,
Analytics,
Financial Performance,
Sales Performance Management