For the past couple of years I’ve been asserting that most larger companies (those with 1,000 or employees) need to adopt a new approach to using software to handle their taxes comprehensively, both the direct sort (income taxes) and the indirect variety (sales and use taxes as well as value-added or goods and services taxes). This is a necessary response to an emerging challenge from more competent and determined tax enforcement by governments worldwide. It will require corporations to make...
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Topics:
Office of Finance,
Enterprise Tax,
Tax Software,
Business Performance,
Financial Performance,
CFO,
Corporate Finance,
Financial Performance Management,
International Finance
IBM announced it has acquired Clarity Systems, a Toronto-based vendor of performance management software and consulting. Terms of the deal were not disclosed. (My most recent blog and analysis about Clarity Systems can be found here. The acquisition fills an important hole in the IBM Cognos applications portfolio, as Clarity FSR is a leading application for automating and managing the close-to-report cycle. This capability has become essential for companies that are required to file financial...
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Topics:
Clarity Systems,
Financial Close,
Business Performance,
Financial Performance,
Financial Performance Management
SuccessFactors is known for applications in performance and talent management but has been working to expand its portfolio more broadly into business. This year the company expanded its focus to workforce analytics with the acquisition of Inform, which I assessed. I have assessed that Inform needed to improve the usability of its tools to compete better which is now more easily possible with a new acquisition.
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Topics:
Human Capital Management,
SuccessFactors,
Analytics,
Business Intelligence,
Business Performance,
Financial Performance,
Workforce Performance,
Talent Management
With its FXR offering, Longview Solutions becomes the latest entrant into the market for software that automates the close-to-report cycle. Addressing the steps in the accounting cycle after the books are closed, the product assembles this accounting data, data from other sources (for example, management data such as a business segment breakout of revenues and operating profits or nonaccounting data such as the amount of real estate owned or leased), and the written commentary that accompanies...
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Topics:
Financial Close,
LongView,
Business Performance,
Financial Performance,
Workforce Performance,
Financial Performance Management
As part of its recent IBM Business Analytics Industry Analyst Summit, I participated in a demonstration of IBM Business Analytics Workshop, a simulation that the company uses to demonstrate the capabilities of its performance management software. Rather than offering a canned demo or a Microsoft PowerPoint deck, the workshop gives a team of individuals from a company a reasonably realistic interactive experience of using the software for a purpose. The group starts with a set of financial goals...
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Topics:
Performance Management,
Sales Performance,
Operational Performance,
Business Analytics,
Business Intelligence,
Business Performance,
Financial Performance,
Information Management,
Workforce Performance
Ecology and economy are two words with the same root. Similarly, the focus on sustainability in business has two sorts of "green" impacts: on the environment and (if you do it right) on the bottom line. Perillon has an on-demand and cloud computing-based solution for companies that want to manage their double-green sustainability efforts more effectively. Perillon Workspace Suite offers "sustainability performance management" for organizations in energy and environmental management. It delivers...
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Topics:
Supply Chain Performance,
Sustainability,
Perillon,
Business Performance,
Financial Performance,
Financial Performance Management
Oracle unveiled its Fusion Financials applications at its latest OpenWorld confab as part of its broader Fusion Applications announcement. The software will be generally available shortly. Beyond it being the approach to bringing together the disparate ERP/Financial applications the company owns (E-Business Suite/Oracle Applications, PeopleSoft and JD Edwards), Oracle Fusion Financials rethinks the architecture on which the software is built consistent with the longer-term business software...
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Topics:
Financial Close,
Business Performance,
Financial Performance,
Oracle,
Financial Performance Management
At Oracle OpenWorld this week the company announced its next generation of business applications call Oracle Fusion Applications , which Larry Ellison touted in his closing day keynote at last year's conference, as I noted then. Oracle's head of strategy, Gretchen Alarcon, and head of development, Clive Swan, presented the introduction to one of the seven Fusion families, Human Capital Management, and afterward many sessions provided depth on the product. Though this application suite is not...
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Topics:
Human Capital Management,
Business Performance,
Financial Performance,
Workforce Performance,
Talent Management,
Workforce Performance Management
IBM has announced its intention to acquire OpenPages, a privately held, Massachusetts-based software company focused on governance, risk and compliance (GRC). I noted that after the deal finishes, the business will reside within IBM’s analytics group rather than in document management; this arrangement signals IBM’s intention to integrate its collaboration and communications around performance management (and achieve a fusion of text and data) and sharpen the ability of OpenPages to get an...
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Topics:
GRC,
Open Pages,
Operational Management,
Operational Performance,
Business Performance,
Financial Performance,
Financial Management
Looking forward to Oracle OpenWorld, I was recalling that about 20 years ago, when I started covering the software industry as a Wall St. analyst, I paid a visit to the company. There were many fewer database-shaped glass buildings there in Redwood Shores then but the lack of corporate focus on business applications and users remains unchanged.
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Topics:
Sales Performance,
Supply Chain Performance,
IT Performance,
Operational Performance,
Business Intelligence,
Business Performance,
Enterprise Software,
Financial Performance,
Information Management,
Information Technology,
Oracle,
Workforce Performance