Doing one’s homework is vital in buying business software. However, unless you’re replacing a relatively simple application, it’s hard to know exactly what to evaluate. Indeed, if people in a company given this task don’t have experience in using a specific type of business application or don’t understand how new or improved functionality will help execute business processes better, they may do a poor job of assessing the available alternatives. Third-party consultants may be helpful, but their...
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Topics:
Performance Management,
Sales,
Sales Performance,
Human Capital Management,
Office of Finance,
Zilliant,
Model N,
Navetti,
Nomis Solutions,
PROS Pricing,
Servigistics,
Signal Demand,
Operational Performance,
Analytics,
Business Analytics,
Business Performance,
Customer & Contact Center,
Financial Performance,
Oracle,
Vendavo,
Price Optimization,
Profitability,
Software,
Vistaar Technologies
I believe that one of the more important analytical applications that a company can implement is profitability management. IBM Cognos offers Profitability Modeling and Optimization as part of its Cognos 10 offering that my colleague has assessed. As I’ve noted, most people in a corporation are focused on profitability, but not necessarily in a way that optimizes results across the organization in a day-to-day, consistent fashion. Those responsible for each component piece that contributes to...
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Topics:
Performance Management,
Sales Performance,
Forecast,
Modeling,
Office of Finance,
enterprise profitability management,
Operational Performance,
Business Analytics,
Business Performance,
Financial Performance,
IBM,
Workforce Performance,
Cognos,
Financial Services,
Profitability
Tibco recently introduced Spotfire 4.0, the most recent version of its interactive discovery and business intelligence (BI) tool. Spotfire comes at BI through visualization. It uses in-memory processing and good user interface design to develop highly interactive displays of data. Version 4.0 attempts to enhance Spotfire’s dashboard capabilities and offers integration with enterprise collaboration tools. The former capabilities are necessary to broaden Spotfire’s appeal and applicability for...
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Topics:
Sales,
Sales Performance,
Social Media,
Spotfire,
Supply Chain Performance,
Operational Performance,
Business Analytics,
Business Intelligence,
Business Performance,
Chatter,
Collaboration,
Customer & Contact Center,
Dashboards,
Financial Performance,
Tibco,
Twitter,
Workforce Performance
Right after I posted my blog about the dearth of useful content for the line-of-business and finance audience at this year’s Oracle Open World, I attended a truly useful session. (Of course, it had been shunted to the next-to-last time slot on the final day of the event.) It was a case study presented by AT&T’s tax group, discussing its use of Oracle Hyperion Financial Management to manage the corporation’s tax data.
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Topics:
Master Data Management,
Office of Finance,
chart of accounts,
Tax,
Business Analytics,
Business Collaboration,
Business Performance,
Financial Performance,
CFO
Risk has always been an integral part of business, but dealing effectively with risk is a progression. Indeed, history shows businesses adapting and coping better with risk through innovation. The importance of using information technology to manage risk is growing because today’s systems can automatically measure and analyze a much broader set of risk factors than individuals can, and do so more reliably. But a key challenge companies face in implementing enterprise risk management is...
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Topics:
Sales Performance,
Governance,
GRC,
Office of Finance,
Reporting,
balanced scorecard,
enterprise risk management,
KRI,
Operational Performance,
Business Analytics,
Business Performance,
Financial Performance,
Risk
Cloudera’s recent Hadoop World 2011 event confirmed that the world of big data is getting even bigger. As I wrote of last year’s event, Hadoop, the open source large-scale data processing technology, has gone mainstream. And while 75% of the audience attended this year for the first time and so may not have realized the breadth of Hadoop’s acceptance, statistics announced in the opening keynote show widespread use of it. Mike Olson, Cloudera CEO, reported that the event was sold out, with 1,400...
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Topics:
Big Data,
Datameer,
MapR,
Sales Performance,
Social Media,
Supply Chain Performance,
Operational Performance,
Business Analytics,
Business Intelligence,
Business Performance,
Cloudera,
Customer & Contact Center,
Financial Performance,
Hortonworks,
Informatica HParser,
Karmasphere,
NetApp,
Workforce Performance,
Strata+Hadoop
At its 2011 KronosWorks annual user conference, the workforce management application provider advanced its agenda with the introduction of new applications to further its global presence. From my visit, and from looking back at my analysis of its 2010conference, it seems the company’s focus is to simplify management of an hourly workforce.
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Topics:
Human Capital Management,
Kronos,
Operational Performance,
Business Analytics,
Business Collaboration,
Business Mobility,
Business Performance,
Cloud Computing,
Financial Performance,
Workforce Performance,
HRMS,
Talent Management,
Workforce Analytics,
Workforce Management
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Topics:
SAP,
Human Capital Management,
Operational Performance,
Business Analytics,
Business Collaboration,
Business Mobility,
Business Performance,
Cloud Computing,
Financial Performance,
Oracle,
Workforce Performance,
HRMS,
Infor,
SumTotal Systems,
Talent Management,
Workday,
Workforce Analytics,
Workforce Management
As Workday continues to expand and the likelihood of its IPO becomes a more frequent topic of discussion, so does the movement of ERP systems to the cloud. Thus far, only a minority of companies have chosen to put their ERP and accounting systems in the cloud, but the numbers are growing and there’s evidence of success. NetSuite, for example, reported a 26 percent increase in its revenues to $145 million in the nine months up to Sept. 30, 2011. To be sure, this is not close to Salesforce.com’s...
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Topics:
Microsoft,
Sales,
Supply Chain Performance,
ERP,
NetSuite,
Office of Finance,
Dynamics,
Epicor,
Lawson,
QAD,
Operational Performance,
Business Performance,
Cloud Computing,
Financial Performance,
IBM,
Oracle,
Workforce Performance,
Infor,
financial software,
Intacct,
PeopleSoft,
Software
At first thought, it seems as if having a mountain of cash to manage is a problem most companies would like to have, but it’s a real problem nevertheless. To be sure, the large majority of companies are able to deal with their cash and short-term and longer-term monetary investments because the amounts are small enough to be manageable. Indeed, many companies, especially smaller ones, face the opposite problem and spend more time focused on their uncertain funding requirements. Still, over the...
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Topics:
Performance Management,
Office of Finance,
credit,
Tax,
Business Analytics,
Business Performance,
Financial Performance,
Risk,
cash management,
GAAP