There weren’t any headlines (or even many tweets) about Oracle Fusion Financials emanating from this year’s Oracle OpenWorld (#OOW12) conference. Maybe that’s by design, because it’s not in Oracle’s best interest to kick up a lot of dust about ERP migration. The financial applications software market is mature, and market share leaders such as Oracle have less interest in getting customers to upgrade than they did a decade ago. For a software vendor with a large installed base, cashing rich...
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Topics:
Performance Management,
ERP,
Office of Finance,
financial,
Business Performance,
Cloud Computing,
Financial Performance,
Oracle,
Workday,
JD Edwards,
PeopleSoft
I cover the meat-and-potatoes aspects of corporate computing. I also pay attention to the special needs of midsize companies (by our definition, those with between 100 and 999 employees), which are unlike those of either small business or large corporations. After attending this year’s Dreamforce conference, Salesforce.com’s annual user meeting held this week in San Francisco, I can appreciate how difficult it is for executives and people who work in back office functions to cut through the...
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Topics:
Sales,
Sales Performance,
Salesforce.com,
Social Media,
ERP,
Office of Finance,
CRM customer service,
SMB,
Business Performance,
Cloud Computing,
Customer & Contact Center,
Financial Performance,
Dreamforce,
finance,
Security,
FPM
Midsize businesses “pay” for their use of entry-level accounting systems by not having the essential information they need readily available and by using up valuable time that could be better spent generating business, finding issues or responding to opportunities sooner or simply enhancing the efficiency of the organization. Nevertheless, the transition from an entry-level accounting package such as QuickBooks to an on-premises system can be daunting for companies whose entry-level software no...
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Topics:
Sales Performance,
Customer Experience,
ERP,
Office of Finance,
end-to-end,
finance cloud,
Business Performance,
Cloud Computing,
Financial Performance,
Business Process Management,
CFO,
finance,
accounting software,
business process execution,
financial systems,
FPM
CODA’s Financials has a specific target market, from companies in the upper half of the midsize range to the lower end of the large range (that is, companies with 500 to 2,500 employees) in services (not manufacturing) businesses. CODA, the company, started in the 1990s and differentiated itself by designing ERP and accounting software to run on a multidimensional database rather than the more common relational databases of the day. This has proven to be an elegant approach, because businesses...
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Topics:
Sales Performance,
ERP,
Office of Finance,
CODA,
Operational Performance,
Analytics,
Business Analytics,
Business Performance,
Cloud Computing,
Customer & Contact Center,
Financial Performance,
CFO,
FinancialForce,
financials
A main reason why desktop spreadsheets are pervasive in midsize companies (which we define as those with 100 to 1,000 employees) is that these organizations do not have the financial and manpower resources to implement and maintain traditional enterprise business intelligence and performance management systems. To address this gap in the market, several years ago IBM Cognos launched Express, a business intelligence and planning software package designed specifically for midsize companies as...
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Topics:
ERP,
Office of Finance,
Reporting,
Budgeting,
Analytics,
Business Intelligence,
Dashboards,
IBM,
Uncategorized,
CFO,
finance,
Financial Performance Management
SAP is planning to acquire e-commerce company Ariba in a transaction worth about US$4.3 billion expected to close in the third quarter of this year. Ariba provides cloud-based collaborative business commerce through a Web-based trading community that enables companies to find, connect and collaborate with a global network of partners. Its Commerce Cloud is a platform that businesses can use to buy and sell goods. Currently, Ariba counts more than 700,000 companies worldwide attached to this...
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Topics:
Big Data,
SAP,
ERP,
EDI,
end-to-end,
Analytics,
Cloud Computing,
Uncategorized,
CRM,
SCM
One of the new products that Infor announced at its recent Inforum user conference (which I covered here) is Local.ly, which is designed to facilitate localization of its applications (that is, adapting them for languages, units of measure, statutory requirements, customary processes and other specific features of the places where they will be used). Local.ly is scheduled to be released in the third quarter of this year. Infor points out that among other tasks the software can be used to...
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Topics:
ERP,
Office of Finance,
Local.ly,
Tax,
Analytics,
Business Analytics,
Financial Performance,
Governance, Risk & Compliance (GRC),
Infor
Infor described this year’s Inforum user group meeting as a coming-out party for a large startup company. Such a debut was necessary because Infor had been operating in something of a stealth mode for the past three years: a limited marketing presence, no unified message and a weak, sometimes inconsistent brand identity. It also needed to formally introduce Infor to customers of Lawson, the ERP supplier it acquired last year. The “startup” designation is meant to signal that Infor has been able...
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Topics:
Performance Management,
Sales Performance,
Salesforce.com,
SAP,
Social Media,
Supply Chain Performance,
Sustainability,
ERP,
Human Capital Management,
Marketing,
Epiphany,
expense management,
Lawson,
IT Performance,
Operational Performance,
Business Analytics,
Business Collaboration,
Business Intelligence,
Business Mobility,
Cloud Computing,
Customer & Contact Center,
Financial Performance,
Governance, Risk & Compliance (GRC),
IBM,
Information Applications,
Information Management,
Location Intelligence,
Operational Intelligence,
Oracle,
Workforce Performance,
CRM,
finance,
Infor,
Supply Chain,
Financial Performance Management
For me, the most significant announcement to come out of the recent SAPinsider conference was the company’s formal release of Business Planning and Consolidation (BPC) running on HANA, SAP’s in-memory computing appliance. For me, HANA is a potential “game changer” for planning, statutory consolidation and other analytics-supported financial processes because of the substantial reduction it enables in processing time from loading to reporting. In-memory systems provide a substantial edge in...
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Topics:
Big Data,
Mobile,
Planning,
Sales Performance,
SAP,
Social Media,
Supply Chain Performance,
Customer Experience,
ERP,
GRC,
Office of Finance,
Budgeting,
IFRS,
XBRL,
Operational Performance,
Analytics,
Business Analytics,
Business Collaboration,
Business Mobility,
Business Performance,
Cloud Computing,
Financial Performance,
In-memory,
Workforce Performance,
finance,
Financial Performance Management,
GAAP,
HANA
I recently got an update from Workday that focused mostly on its Financials software. This part of the company’s business management suite has received less development attention than the HR aspects since the company’s founding in 2005. The bulk of Workday’s development investment has aimed at making its human capital management applications an industry leader and adding related capabilities such as payroll. It’s hard to argue against this strategy, if only because Workday is the spiritual...
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Topics:
ERP,
Office of Finance,
expense management,
financial,
PSA,
Operational Performance,
Analytics,
Business Analytics,
Business Mobility,
Business Performance,
Cloud Computing,
Financial Performance,
Oracle,
Workforce Performance,
Infor,
Tidemark,
Workday,
Professional Services,
Project Management