Ironing Out The Main Problem With Cost And Profitability Reporting Today
They say there are only three places in the universe with ‘Outer’ in their name – Outer Space, Outer Mongolia and the Outer Hebrides, which is where my wife and I run a guesthouse at a life stage that...
View ArticleIs Cost Management Out Of Step With The Needs Of Global Manufacturing?
Manufacturing has changed dramatically over the last 50 years with the de-industrialization of the west and a significant shift in production towards countries such as China and India. These were once...
View ArticleAutomating The Last Mile Of Finance: What’s New For U.S. Companies?
Colleagues from solution management and solution marketing – Elizabeth Milne, Kristina Henn and Stephane Neufcourt – set out their plans for SAP Disclosure Management in 2013. What is the last mile of...
View ArticleAnalytical Education Vs. Analytical Simplification?
By James Fisher, VP Solution Marketing, Analytics At the Gartner BI and Analytics Summit in Barcelona I found myself participating in an interesting debate. Does the growing army of business users in...
View ArticleTime To Change The Current Budgeting Process?
By Pras Chatterjee Time and again in my work, I meet organizations that are so wedded to their legacy budgeting process that they are simply not ready to make the next step. They may even be stuck on a...
View ArticleFinance As Analytical Partner To The Business
Last summer Bloomberg Businessweek Research Services (BBRS) launched a survey and research program to discover and analyse the views of C-level and line-of-business executives around the world on what...
View ArticleUsing Mobility to Expand Performance Management Best Practices
Most finance teams are still working through exactly how and where to utilize mobile solutions and how best to deploy them to benefit their organization. So with perfect timing, budgeting guru Steve...
View ArticleAs The World Gets Riskier, It’s Time To Wake Up To Risk Management
Risk in all its forms is inherent in business, – the preventable risks such as unplanned production downtime or internal fraud, strategic risk such as betting the company on an unproven technology or...
View ArticleKey Trends In Analytics For 2013
Business analytics has changed dramatically from its humble beginnings in core data warehousing more than 30 years ago. It has evolved from simple decision support solutions to advancements in business...
View ArticleIntegrated Business Planning For Finance
It should come as no surprise that the next mile of Finance is upon us with changes afoot in the world of budgeting and forecasting. Traditionally it has entailed the Finance organization accumulating...
View ArticleFinance Sets The Pace In Adopting Mobile BI Solutions
Mobile BI Solutions In this fast-moving business world, managers and executives need to be able to make informed decisions on-the-fly to seize opportunities and react to deviations as they occur – in...
View ArticleOur Invitation To You To Become A Leader In Managing Credit Risk
An invitation for you We know that the in-memory calculation engine SAP HANA can process huge volumes of data in nano-seconds helping accelerate many financial routines such as period closes and cost...
View ArticleMobility And Finance; Impact, Trends And Future [Audio]
Mobility and Finance An interesting discussion about mobility and finance, including the agility and productivity that mobile devices bring to business, how perhaps the smaller format devices have...
View ArticleInefficiency Hindering Finance’s Performance Management Remit
Performance Management Advisors While it is accepted that finance people need to stay up to date with the traditional accounting skills and increasing workload that comes with changes in reporting,...
View Article8 Steps To Success In The Cloud
According to a new report by the Sand Hill Group that was sponsored by SAP, aside from the obvious attraction of potential cost savings, one of the draws of subscription based cloud computing is that...
View ArticleRethinking The Role Of IT In The Cloud
A row of silk weaver’s cottages with large windows on the upper floor workroom where the loom was located In the late 1700’s my great, great, great, great grandfather was a silk weaver in Bulkington,...
View Article50 Top Tips For Analytics
Like so many other technologies, business intelligence is steadily becoming democratised. A few years ago, BI and analytics were the province of IT specialists and business analysts – a relatively...
View ArticleLooking For The Touch Points Between Big Data And EPM
The technologies that underpin Big Data, such as in-memory’ computing, are already proving their worth in Enterprise Performance Management, (EPM), by calculating budgets and financial closes almost...
View ArticleFresher Insight From Real-Time Analytics
Real-Time Analytics What proportion of a typical meeting in your organisation is dedicated to reviewing what’s already happened, and how much to figuring out what needs to be done next? In most...
View ArticleReceivables Management Trends: What Are “The Finance Process Gurus” Saying?
The dynamics of Receivables Management are constantly changing due to the multiple innovations that are impacting finance. Electronic invoicing and payments, invoice portals and networks (such as SAP’s...
View ArticleWhat’s Holding Back Integrated Business Planning?
A new research paper, ‘Trends in Integrated Business Planning – Using Technology and Information To Create a More Effective Process’ by Ventana Research seems to suggest that currently companies rarely...
View ArticleTransfer Pricing Based On ABC Reduces The Likelihood Of Tax Audits
Other than some noticeable exceptions, such as Norway, the OECD statistics show that corporation tax has been steadily falling for decades and now typically stands at between 5-10% of a country’s total...
View ArticleIs Travel Management The Express Elevator To The Cloud For The CFO?
Although it’s still a young company having been formed in 2006, Chicago-based Aasonn is one of the leading cloud consultancies in the world with over 1400 customers in 30 countries. With its business...
View ArticleWhat Lies Within – A Cautionary Tale Of Fraud Prevention
Fraud Prevention From The Inside Out It’s a worrying thought, but the biggest threat to your business may not come from external forces such as low-wage competitors in emerging markets, political and...
View ArticleWhat The Tour de France Teaches Us About Good Performance Management
The Tour de France and Performance Management Many folk in the UK are not too concerned about the dismal weather we are being subjected to at the moment and are revelling in what might just turn out to...
View ArticleKPMG Survey Shows Risk Management Is Still An Uphill Struggle
The struggle to operationalize risk management After a well-earned rest day yesterday, the Tour de France kicked off again today with Chris Froome of Team Sky still with a 1’25” lead over his nearest...
View ArticleWhy Self-Service Visualization Makes Sense for Finance
In my experience of working alongside them, management accountants and indeed others working in analytical roles tend to find working with data curiously rewarding: the process of getting the numbers...
View ArticleIt’s Never Been Easier For Finance to Ramp Up Its Analytics Capability
Now that business intelligence tools have become easier and more intuitive to use and sophisticated data mining and data visualization can be purchased in the cloud without having to jump over CAPEX...
View ArticleBusiness Partners Needed; Finance Needs More Talent
Before he dropped out of his economics degree at the University of Johannesburg to become a professional road cyclist, this year’s Tour de France winner, Chris Froome, was on a path that he says would...
View ArticleIs CFO Remuneration Fully Aligned With Their Changing Role?
With stock markets around the globe making a remarkable recover in recent months, any CFO with stock options must be feeling pretty good about life, especially if the time to vest is coming up any time...
View Article6 Tips to Get the Best From Your Analysts
A lawyer friend was saying that he often wondered how law ever gained the lofty status of being classed as a ‘profession’. Yes, they have to know case law to know how to make their pitch, but most are...
View Article10 Questions That Can Help When Recruiting Tomorrow’s Finance Team
How can you tell when a financial analyst is an extrovert? – Answer; When you engage them in conversation, they always look at your shoes rather than their own! Seriously though, some of the most...
View ArticleWhat CFOs Don’t Know: Top Cloud Myths
Many companies have embraced cloud technology for everything from human resources to customer relationship management, yet the finance department isn’t jumping on board. What’s holding them back and...
View ArticleThe Role of Finance May Be Changing, But the Route to the Top Remains the Same
You can only join The 100 Group if you hold or have held the position of CFO in a UK company that is or was listed in the FTSE 100 – and if they invite you. The members of this organization are the...
View ArticleIs the Balanced Scorecard Really a Top 5 Management Tool?
Growing revenue, improving profitability and reducing cost come out as the most important priorities of the 1208 respondents that took part in Bain & Company’s 14th Management Tools and Trends...
View ArticleWhat Makes Budgeting More Efficient – and What Doesn’t
Despite continuing investment in planning and budgeting system, a new piece of research titled ‘Increasing Budget and Forecast Process Productivity’ from the Corporate Executive Board suggests that 90%...
View Article‘”Real” Decision Making in the “Real-Time” Enterprise
Data is the new oil and Big Data is the new prospecting ground. In its raw state, it’s crude and needs refining through analysis, but the promise is that if you get it right, you’ll hit pay dirt with...
View ArticleWhy Your Place in the Fast Close Rankings Matters
Two new reports ranking the speed of closing of the world’s largest listed companies have just been published – Close Cycle Rankings 2013 from BPM International and the Close Cycle Report 2013 from PWC...
View ArticleInvesting to Close the Gap in Performance Management
With finance still relentlessly seeking further efficiencies and desperate for better insight to their peers in the business, it’s timely the a report commissioned by consulting organization PWC titled...
View ArticleProduct Profitability Comes Into Its Own
Much is being made of the facts that house prices here in the UK are growing at again at 5% and economy has returned to growth with GDP increasing 0.7% in the last year. Well with signals like these –...
View Article3 Ways to Achieve Superior Travel Spending Performance
Taking away with one hand, then giving back with the other is something I wrote about a few weeks back. Nowhere is this philosophy more prevalent that in travel expenses and according to the findings...
View ArticleThe New Differentiators in Performance Management
Having had the pick of the plethora of independent vendors that used to populate the Enterprise Performance Management space, the three mega-vendors, IBM, Oracle and SAP, have all made acquisitions to...
View ArticleWhy Finance Needs Predictive Analytics
A lot has been written about the use of predictive analytics; in sales and marketing to identify the basket of products the customers are most likely to buy based on their purchasing history; in...
View ArticleFilling The Gaps In Performance Management
by Malcolm Faulkner Why focus on strategic planning? Strategic planning is about setting a course for where stakeholders want the organization to head and describing in detail what needs to happen to...
View ArticleGet Ahead: Build Your 2030 Finance Capabilities Today
I bet you don’t know what a ‘saggar-maker’s bottom knocker’ did for a living? And there’s really no need to know. But it was the unskilled person who worked alongside a more skilled ‘saggar maker’...
View ArticleThe CFO And The Multi-Generational Finance Team
Things are going change once the cream of Generation Y, (the ‘Millennials’), who were born between 1981–2005, have risen through the ranks of Finance and step into the CFO role. Generation X, the group...
View ArticleThe New Breed Of CFO And How To Become One Yourself
“Stick close to your desks and never go to sea, And you all may be rulers of the Queen’s Navy” The chorus of Sir Joseph Porter’s Song above, taken from the Gilbert and Sullivan operetta H. M. S....
View ArticleWhy The New Breed Of CFO Will Own IT
The increasing number of CFOs and their peers from Generation X and Generation Y that are now heading up Finance functions are irked by poorly performing business systems that fall way short of the...
View ArticleHow The Gen Y CFO Is Upsetting The Apple Cart In EPM
Last week, when addressing the Northern Virginia technology group, Bill McDermott, the co-CEO of SAP, said technology companies would do well to target the newly emerging Generation Y leaders, who are...
View ArticleResearch On Finance’s Adoption Of New Technology Is Crystal Clear
Findings from a survey reported recently showed that roughly half of senior finance executives in the U.S. said they wanted to beat their competitors by mastering Big Data, yet less than a quarter said...
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