The steady march of technology’s ability to handle ever more complicated tasks has been a constant since the beginning of the information age in the 1950s. Initially, computers in business were used to automate simple clerical functions, but as systems have become more capable, information technology has been able to substitute for increasingly higher levels of human skill and experience. A turning point of sorts was reached in the 1990s when ERP, business intelligence and business process...
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Topics:
Sustainability,
ERP,
Governance,
GRC,
Human Capital,
Office of Finance,
audit,
finance transformation,
LongView,
Tax,
Analytics,
Business Analytics,
Business Performance,
Financial Performance,
Oracle,
CFO,
Risk & Compliance (GRC),
Vertex,
FPM,
Innovation Awards,
Thomson-Reuters multinational
The ERP market is set to undergo a significant transformation over the next five years. At the heart of this transformation is the decade-long evolution of a set of technologies that are enabling a major shift in the design of ERP systems – the most significant change since the introduction of client/server systems in the 1990s. Some ERP software vendors increasingly are utilizing in-memory computing, mobility, in-context collaboration and user interface design to differentiate their...
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Topics:
Performance Management,
ERP,
FP&A,
Human Capital,
Office of Finance,
Reporting,
Consolidation,
Reconciliation,
Analytics,
Business Analytics,
Business Performance,
Financial Performance,
Uncategorized,
Financial Performance Management,
FPM
Over the last four years Domo, a new brand in cloud-based data and analytics software, has worked to enable its customers to understand, collaborate and act on data to achieve business results. Led by its founder and CEO, Josh James, the company has worked to deliver software that provides both a good user experience and business value. Recently, at its 2015 customer conference Domopalooza, the company presented itself and its products to the general public. I had a chance to meet with company...
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Topics:
Sales Performance,
Supply Chain Performance,
Human Capital,
Mobile Technology,
Operational Performance Management (OPM),
Operational Performance,
Analytics,
Business Analytics,
Business Collaboration,
Business Intelligence,
Business Performance,
Cloud Computing,
Collaboration,
Financial Performance,
Governance, Risk & Compliance (GRC),
Domo,
Risk & Compliance (GRC),
SAB Miller
Supply and demand chain planning and execution have grown in importance over the past decade as companies have recognized that software can meaningfully enhance their competitiveness and improve their financial performance. Sales and operations planning (S&OP) is an integrated business management process first developed in the 1980s aimed at achieving better alignment and synchronization between the supply chain, production and sales functions. A properly implemented S&OP process routinely...
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Topics:
Planning,
SaaS,
Sales,
Sales Performance,
Supply Chain Performance,
Forecast,
Human Capital,
Mobile Technology,
Supply Chain Planning,
Operational Performance,
Analytics,
Business Analytics,
Business Collaboration,
Business Performance,
Cloud Computing,
Financial Performance,
Sales Performance Management (SPM),
Sales Planning,
Supply Chain,
Demand Chain,
Integrated Business Planning,
SCM Demand Planning,
S&OP
The need for businesses to process and analyze data has grown in intensity along with the volumes of data they are amassing. Our benchmark research consistently shows that preparing data is the most widespread impediment to analytic and operational efficiency. In our recent research on data and analytics in the cloud, more than half (55%) of organizations said that preparing data for analysis is a major impediment, followed by other preparatory tasks: reviewing data for quality and consistency...
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Topics:
Big Data,
Sales Performance,
Supply Chain Performance,
Human Capital,
Marketing,
Monarch,
Operational Performance Management (OPM),
Customer Performance,
Business Analytics,
Business Intelligence,
Business Performance,
Data Preparation,
Financial Performance,
Governance, Risk & Compliance (GRC),
Information Management,
Uncategorized,
Business Performance Management (BPM),
Datawatch,
Information Optimization,
Risk & Compliance (GRC)
Workday Financial Management (which belongs in the broader ERP software category) appears to be gaining traction in the market, having matured sufficiently to be attractive to a large audience of buyers. It was built from the ground up as a cloud application. While that gives it the advantage of a fresh approach to structuring its data and process models for the cloud, the product has had to catch up to its rivals in functionality. The company’s ERP offering has matured considerably over the...
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Topics:
Microsoft,
SAP,
ERP,
FP&A,
Human Capital,
NetSuite,
Office of Finance,
Reporting,
close,
Controller,
dashboard,
Tax,
Operational Performance,
Analytics,
Business Intelligence,
Business Performance,
Cloud Computing,
Collaboration,
Financial Performance,
IBM,
Oracle,
Uncategorized,
CFO,
Data,
Financial Performance Management,
FPM,
Intacct,
Spreadsheets
Historically workforce management has been centered on tracking time and attendance, absences and leaves. Organizations view the time and attendance system as the top priority to integrate with the payroll system; in our payroll management benchmark research half (51%) of organizations called it very important. However, only one in five have integrated the two to streamline processes. So limited an administrative and operational focus does not contribute to improving worker productivity or...
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Topics:
Human Capital,
Human Capital Management,
Mobile Technology,
Wearable Computing,
Operational Performance,
Business Analytics,
Business Collaboration,
Business Performance,
Cloud Computing,
Financial Performance,
HR,
Risk & Compliance (GRC),
Workforce Management
The enterprise resource planning (ERP) system is a pillar of nearly every company’s record-keeping and management of business processes. It is essential to the smooth functioning of the accounting and finance functions. In manufacturing and distribution, ERP also can help plan and manage inventory and logistics. Some companies use it to handle human resources functions such as tracking employees, payroll and related costs. Yet despite their ubiquity, ERP systems have evolved little since their...
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Topics:
Big Data,
Microsoft,
SAP,
Social Media,
Supply Chain Performance,
ERP,
FP&A,
Human Capital,
Mobile Technology,
NetSuite,
Office of Finance,
Reporting,
close,
closing,
Controller,
dashboard,
Reconciliation,
Operational Performance,
Analytics,
Business Collaboration,
Business Intelligence,
Business Performance,
Cloud Computing,
Collaboration,
Financial Performance,
IBM,
Oracle,
Uncategorized,
CFO,
Data,
finance,
Financial Performance Management,
FPM,
Intacct
Tidemark Systems offers a suite of business planning applications that enable corporations to plan more effectively. The software facilitates rapid creation and frequent updating of integrated company plans by making it easy for individual business functions to create their own plans while allowing headquarters to connect them to create a unified view. I coined the term “integrated business planning” a decade ago to highlight the potential for technology to substantially improve the...
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Topics:
Planning,
Sales Performance,
Supply Chain Performance,
Customer Experience,
Human Capital,
Marketing Planning,
Reporting,
Budgeting,
Operational Performance,
Analytics,
Business Performance,
Customer & Contact Center,
Financial Performance,
Business Performance Management (BPM),
Business Planning,
Financial Performance Management (FPM),
Demand Planning,
Integrated Business Planning,
Project Planning
Ventana Research defines a human resources management system (HRMS) as the set of applications and associated processes that store and manage the employee information used by an organization’s human resources department. New technologies make it possible for the HRMS to perform better and be easier to use by HR professionals and members of the workforce. The range of evolving technologies impacting the development of the HRMS include business analytics, big data, cloud computing, mobile...
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Topics:
Social Media,
Human Capital,
Human Capital Management,
Mobile Technology,
Operational Performance Management (OPM),
Business Collaboration,
Cloud Computing,
Business Performance Management (BPM),
HR,
HRMS