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The Virtues of Automating Reconciliation

Reconciling accounts at the end of a period is one of those mundane finance department tasks that are ripe for automation. Reconciliation is the process of comparing account data (at the balance or item level) that exists either in two accounting...

Posted March 31, 2014    

ERP’s Future Is Hybrid Cloud

Information technologists are fond of predictions in which the next big thing quickly and entirely renders the existing thing so completely obsolete that only troglodytes would cling to such outmoded technology. While this vision of IT progress may...

Posted March 25, 2014    

Microsoft Shows Off More than ERP with Dynamics

Convergence is the Microsoft Dynamics business software user group’s meeting. Dynamics’ core applications are mainly in the accounting and ERP category, descendants of products Microsoft acquired: Great Plains (now GP), Solomon (SL),...

Posted March 13, 2014    

The Challenge of Making ERP Systems More Configurable

In the wake of the past year’s usual crop of failed ERP implementations, I’ve read a couple of blogs that bemoan the fact that ERP systems are not nearly as user-friendly or intuitive as the mobile apps that everyone loves. I’ve complained...

Posted February 2, 2014    

Opportunity for the Office of Finance in 2014

Senior finance executives and finance organizations that want to improve their performance must recognize that technology is a key tool for doing high-quality work. To test this premise, imagine how smoothly your company would operate if all of its...

Posted January 15, 2014    

Finance Can Get a Big Advantage from Big Data

All the hubbub around big data and analytics has many senior finance executives wondering what the big deal is and what they should do about it. It can be especially confusing because much of what’s covered and discussed on this topic is geared...

Posted November 18, 2013    

The Cloud Can Help You Get Smarter, If You Let It

One of the potential benefits of cloud computing to access business applications and data is its potential to improve the situational awareness of executives and managers. By this I mean their understanding of what’s going on outside their company...

Posted November 11, 2013    

PROS Will Acquire Cameleon to Enhance Sales Effectiveness

PROS Holdings, a provider of price and revenue optimization software, has an agreement in principle to acquire Cameleon Software, which offers configure, price and quote (CPQ) applications. The combined company is likely to benefit from a...

Posted November 7, 2013    

CEOs and Executives Need Business Planning Software

Business planning is a new software category. These applications enable senior executives to integrate all the plans of business units into a single, integrated view, which helps them have more accurate plans, do more insightful what-if planning,...

Posted October 24, 2013    

Oracle Hyperion Products Challenged by New Generation of Expectations

Oracle continues to enrich the capabilities of its Hyperion suite of applications that support the finance function, but I wonder if that will be enough to sustain its market share and new generation of expectations. At the recent Oracle OpenWorld...

Posted October 17, 2013    

It's Past Time for the Next Generation of Business Planning

Business planning as practiced today is a relic, a process hemmed in by obsolete conceptions of what it should be. I use the term “business planning” to encompass all of the forward-looking activities in which companies routinely engage, including,...

Posted October 15, 2013    

Gamification Must Drive Software Ergonomics

In business, the first rule of gamification is don’t call it gamification.An interesting event at the recent Oracle OpenWorld was a panel on this topic led by Ken Comee, CEO of Badgeville. Offered in the Oracle Cloud Marketplace, his company’s...

Posted October 3, 2013