Oracle recently held its second ERP Cloud Summit with industry analysts. The all-day event wasn’t just about ERP. The company covered a range of its business applications, including financial performance management as well as its Adaptive Intelligent Applications. And it wasn’t just about the cloud. After more than a decade of steady developments, ERP systems have begun to change fundamentally, facilitated by the growing availability of new technologies including cloud computing, advanced...
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Topics:
Big Data,
Data Science,
Mobile,
Customer Experience,
Human Capital Management,
Machine Learning,
Office of Finance,
Analytics,
Data Integration,
Internet of Things,
Cognitive Computing,
HRMS,
Financial Performance Management,
Mobile Marketing Digital Commerce,
Digital Marketing,
Digital Commerce,
Operations & Supply Chain,
Enterprise Resource Planning,
ERP and Continuous Accounting
Ventana Research recently announced the results of its latest Benchmark Research, Next-Generation ERP. The enterprise resource planning (ERP) system is at the core of nearly every company’s record-keeping and management of business processes. Its smooth and uninterrupted functioning is essential to an organization’s accounting and finance functions. In manufacturing and distribution, ERP manages inventory and logistics. Some companies use it to handle human resources functions like tracking...
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Topics:
Big Data,
Mobile,
Human Capital Management,
Office of Finance,
Cloud Computing,
Collaboration,
Inventory Optimization,
Work and Resource Management,
Enterprise Resource Planning,
ERP and Continuous Accounting
Workforce management is a key topic of expertise for Ventana Research. We define workforce management as the set of activities and processes organizations use to manage their hourly and salaried workforce for maximum productivity. It involves not only scheduling, tracking and paying for time worked but also aligning that work to the tasks and objectives of the organization. Workforce management is a critical component of every company’s operations, human resources and overall human capital...
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Topics:
Human Capital Management,
Office of Finance,
Learning Management,
HRMS,
Workforce Management,
Work and Resource Management,
ERP and Continuous Accounting,
Payroll Optimization
Human capital management (HCM) offers a prime opportunity for organizations and their human resource professionals to make employee-related processes effective in engaging and retaining the workforce. Manual administrative processes often hampered HR in focusing on the workplace experience and employee satisfaction. Modern HCM applications can help them manage members of the workforce as critical assets and make continuous investment in people-related processes, deriving insights on issue such...
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Topics:
Human Capital Management,
Office of Finance,
Learning Management,
HRMS,
Workforce Management,
Work and Resource Management,
ERP and Continuous Accounting
Senior finance executives and finance organizations that want to improve their performance must recognize the value of technology as a key tool for doing high-quality work. Consider how poorly your organization would perform if it had to operate using 25-year-old software and hardware. Having the latest technology isn’t always necessary, but it’s important for executives to understand that technology shapes a finance organization’s ability to improve its overall effectiveness.
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Topics:
Big Data,
Data Science,
Mobile,
Human Capital Management,
Mobile Technology,
Office of Finance,
Continuous Planning,
Analytics,
Business Intelligence,
Cloud Computing,
Collaboration,
Financial Performance Management,
Price and Revenue Management,
Inventory Optimization,
Operations & Supply Chain,
Enterprise Resource Planning,
Sales and Operations Planning,
Machine Learning and Cognitive Computing,
ERP and Continuous Accounting
Ventana Research defines financial performance management (FPM) as the process of addressing often overlapping issues involving people, process, information and technology that affect how well finance organizations operate and support the activities of the rest of their organization. FPM software supports and automates the full cycle of finance department activities, which include planning and budgeting, analysis, assessment and review, closing and consolidation, internal financial reporting...
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Topics:
Performance Management,
ERP,
FP&A,
Human Capital Management,
Office of Finance,
Consolidation,
Financial Performance Management,
FPM
Oracle and NetSuite have completed their merger. The combination is likely to be positive for customers because NetSuite will have access to “more,” a word repeated many times over the course of Oracle’s post-acquisition webcast. Existing NetSuite customers will benefit from increased investment as well as economies of scale that Oracle can bring to R&D and sales and marketing. Oracle has stated that there’s little overlap between its target customer base and NetSuite’s. However, there is...
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Topics:
Sales,
Customer Experience,
Human Capital Management,
Marketing,
Office of Finance,
Continuous Planning,
Customer Service,
HRMS,
Price and Revenue Management,
Work and Resource Management,
Digital Commerce,
Operations & Supply Chain,
Enterprise Resource Planning,
Sales and Operations Planning
SYSPRO is a 35-year-old software vendor that focuses on selling enterprise resource planning (ERP) systems to midsize companies, particularly those in manufacturing and distribution. In manufacturing, SYSPRO supports make, configure and assemble, engineer to order, make to stock and job shop environments. The company attempts to differentiate itself through vertical specialization and its years of ongoing development, which can reduce the need for customization and cut the cost of initial and...
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Topics:
Big Data,
SaaS,
ERP,
Governance,
Human Capital Management,
Office of Finance,
close,
Continuous Accounting,
Analytics,
CIO,
Cloud Computing,
Collaboration,
CFO,
CRM,
CEO
Intacct, a cloud-based ERP vendor focused on midsize companies, recently held its annual user group meeting. Two of its products that were covered in the keynote are worth noting. One, already available, enables companies to manage their order-to-cash process in a continuous fashion, from the time a salesperson begins to engage with a prospect to the time funds are collected. The other is a custom report writer, to be available in the first quarter of 2017, that will provide business users with...
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Topics:
SaaS,
Sales,
Customer Engagement,
Customer Experience,
ERP,
Human Capital Management,
Marketing,
NetSuite,
Office of Finance,
customer life cycle,
Customer Service,
billing software,
asc 606
The topic of corporate governance received renewed attention recently after the publication of an open letter signed by 13 prominent business leaders, including Warren Buffett of Berkshire Hathaway and Jamie Dimon of JPMorgan Chase. The first principle the group advocated in the letter is the need for a truly independent board of directors. To achieve that aim, the letter suggests having the board meet regularly without the CEO and that the members of the board should have “active and direct...
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Topics:
Mobile,
Governance,
Human Capital Management,
Office of Finance,
Consolidation,
Reconciliation,
CFO,
CEO,
board of directors,
accounting close