Our research consistently finds that data issues are a root cause of many problems encountered by modern corporations. One of the main causes of bad data is a lack of data stewardship – too often, nobody is responsible for taking care of data. Fixing inaccurate data is tedious, but creating IT environments that build quality into data is far from glamorous, so these sorts of projects are rarely demanded and funded. The magnitude of the problem grows with the company: Big companies have more...
Read More
Topics:
Big Data,
Planning,
Predictive Analytics,
Governance,
Office of Finance,
Budgeting,
close,
Finance Analytics,
Tax,
Operational Performance,
Analytics,
Business Analytics,
Business Intelligence,
Business Performance,
CIO,
Financial Performance,
Governance, Risk & Compliance (GRC),
In-memory,
Information Applications,
CFO,
Risk,
CEO,
Financial Performance Management,
FPM
The proliferation of chief “something” officer (CxO) titles over the past decades recognizes that there’s value in having a single individual focused on a specific critical problem. A CxO position can be strategic or it can be the ultimate middle management role, with far more responsibilities than authority. Many of those handed such a title find that it’s the latter. This may be because the organization that created the title is unwilling to invest the necessary powers and portfolio of...
Read More
Topics:
GRC,
Office of Finance,
Chief Risk Officer,
CRO,
ERM,
OpenPages,
Operational Performance,
Business Analytics,
Business Collaboration,
Business Performance,
Cloud Computing,
Data Governance,
Financial Performance,
IBM,
compliance,
Data,
Risk,
Financial Services,
FPM
Business computing has undergone a quiet revolution over the past two decades. As a result of having added, one-by-one, applications that automate all sorts of business processes, organizations now collect data from a wider and deeper array of sources than ever before. Advances in the tools for analyzing and reporting the data from such systems have made it possible to assess financial performance, process quality, operational status, risk and even governance and compliance in every aspect of a...
Read More
Topics:
Big Data,
Planning,
Predictive Analytics,
Governance,
Office of Finance,
Budgeting,
close,
Finance Analytics,
Tax,
Analytics,
Business Analytics,
Business Intelligence,
Business Performance,
CIO,
Financial Performance,
Governance, Risk & Compliance (GRC),
In-memory,
Information Management,
CFO,
Risk,
CEO,
Financial Performance Management,
FPM
Pressure to comply with requirements of the Affordable Care Act (ACA) is a looming challenge for most organizations today. Many go through numerous manual iterations such as running reports and compiling data into spreadsheets from benefits, payroll and HR systems to calculate whether their employees are eligible. As my colleague Stephan Millard explains in “Is Your Organization Technology Ready for the Affordable Care Act?”, the ACA applies to organizations with 50 or more full-time employees...
Read More
Topics:
Equifax,
Human Capital Analytics,
Office of Finance,
Operational Performance,
Analytics,
Business Analytics,
Business Intelligence,
Business Performance,
Cloud Computing,
Financial Performance,
Governance, Risk & Compliance (GRC),
Information Applications,
Information Management,
Workforce Performance
Anaplan, a provider of cloud-based business planning software for sales, operations, and finance and administration departments, recently implemented its new Winter ’14 Release for customers. This release builds on my colleagues analysis on their innovation in business modeling and planning in 2013. Anaplan’s primary objective is to give companies a workable alternative to spreadsheets for business planning. It is a field in which opportunity exists. Our benchmark research on this topic finds...
Read More
Topics:
Big Data,
Performance Management,
Planning,
Predictive Analytics,
Sales Performance,
Supply Chain Performance,
Marketing,
Office of Finance,
Operations,
Reporting,
Budgeting,
Controller,
Operational Performance,
Business Analytics,
Business Performance,
Cloud Computing,
Financial Performance,
In-memory,
Workforce Performance,
CFO,
Sales Planning,
Financial Performance Management,
financial reporting,
FPM,
Integrated Business Planning
In the past year Kronos announced a major release of its Workforce Central suite and more recently, made an announcement regarding a major investment that should help keep the company well capitalized. Kronos is one of the largest vendors of workforce management systems, providing time and attendance, labor scheduling, absence management, HR management, payroll and recruiting applications. In 2013 the company grew to almost US$1 billion in revenue, selling to companies around the globe and...
Read More
Topics:
Mobile,
Social Media,
Governance,
HCM,
Kronos,
Office of Finance,
Technology Innovation Award,
Business Analytics,
Business Collaboration,
Business Intelligence,
Cloud Computing,
Collaboration,
Workforce Performance,
compliance,
HR,
HRMS,
Risk & Compliance (GRC),
Value Index,
Workforce Management,
Social
There’s a growing realization that the multitenant approach to the cloud isn’t the only option that companies should weigh in deciding between deploying software on-premises and in the cloud. That some people describe the multitenancy approach as “the real cloud” reflects the contentious nature of some technical debates, especially those that occur early in the evolution of a new technology. Multitenancy does have advantages that confer cost savings, and these have been important in the first...
Read More
Topics:
Microsoft,
Mobile,
SaaS,
Sales,
Salesforce.com,
ERP,
HCM,
Human Capital,
Office of Finance,
Planview,
Concur,
Dynamics AX,
Dynamics GP,
Dynamics NAV Dynamics SL,
PSA,
Sage Software,
Unit4,
Analytics,
Business Performance,
Cloud Computing,
Financial Performance,
Workforce Performance,
CFO,
FinancialForce,
HR,
Infor,
Tagetik,
Workday,
Plex
Reconciling accounts at the end of a period is one of those mundane finance department tasks that are ripe for automation. Reconciliation is the process of comparing account data (at the balance or item level) that exists either in two accounting systems or in an accounting system and somewhere else (such as in a spreadsheet or on paper). The purpose of the reconciling process is to identify things that don’t match (as they must in double-entry bookkeeping systems) and then assess the nature...
Read More
Topics:
Office of Finance,
automation,
close,
closing,
Consolidation,
Controller,
effectiveness,
Reconciliation,
XBRL,
Business Performance,
Financial Performance,
Governance, Risk & Compliance (GRC),
CFO,
Data,
Document Management,
Financial Performance Management,
FPM
Information technologists are fond of predictions in which the next big thing quickly and entirely renders the existing thing so completely obsolete that only troglodytes would cling to such outmoded technology. While this vision of IT progress may satisfy the egos of technologists, it rarely reflects reality. Mainframes didn’t disappear, for example. Although they long ago lost their dominant position, many remain key parts of corporate computing infrastructures. The IT landscape is a hybrid...
Read More
Topics:
Microsoft,
SaaS,
Sales,
Salesforce.com,
ERP,
HCM,
Human Capital,
Office of Finance,
Dynamics AX,
Dynamics GP,
Dynamics NAV Dynamics SL,
PSA,
Sage Software,
Unit4,
Analytics,
Business Performance,
Cloud Computing,
Financial Performance,
CFO,
FinancialForce,
HR,
Infor,
Workday,
Plex,
Professional Services Automation
Convergence is the Microsoft Dynamics business software user group’s meeting. Dynamics’ core applications are mainly in the accounting and ERP category, descendants of products Microsoft acquired: Great Plains (now GP), Solomon (SL), Navision (NAV) and Damgaard’s Axapta (AX), to which Microsoft has added its own CRM application. It has been more than a decade since the acquisitions of Great Plains (which itself had already purchased Solomon Software), and Navision, Damgaard and the software...
Read More
Topics:
Microsoft,
SaaS,
Sales,
Sales Performance,
Salesforce.com,
ERP,
HCM,
Human Capital,
Office of Finance,
Consulting,
distribution,
Dynamics AX,
Dynamics GP,
Dynamics NAV Dynamics SL,
PSA,
Sage Software,
Unit4,
Operational Performance,
Analytics,
Business Performance,
Cloud Computing,
Customer & Contact Center,
Financial Performance,
CFO,
FinancialForce,
HR,
Infor,
Workday,
Plex,
Professional Services Automation