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Data-Driven Business Processes Essential for Optimization

When applying information technology to drive better business performance, companies and the systems integrators that assist them often underestimate the importance of organizing data management around processes. For example, companies that do not...

Posted October 17, 2014    

Oracle Financials Is in the Cloud

Like most vendors of on-premises ERP and financial management software, in moving to the cloud Oracle has focused on developing for existing and potential customers the option of multitenant software as a service (SaaS). (I’m using the term “ERP” in...

Posted September 23, 2014    

The Interplay of Software and Hardware with Business and Consumers

“What’s next?” is the perennially insistent question in information technology. One common observation about the industry holds that cycles of innovation alternate between hardware and software. New types and forms of hardware enable innovations in...

Posted September 12, 2014    

Businesses Must Make Self-Service Reporting a Priority

One of the charitable causes to which I devote time puts on an annual vintage car show. The Concours d’Élegance dates back to 17th century France, when wealthy aristocrats gathered with judges on a field to determine who had the best carriages and...

Posted August 4, 2014    

Finance Analytics Requires Data Quality

Our research consistently finds that data issues are a root cause of many problems encountered by modern corporations. One of the main causes of bad data is a lack of data stewardship – too often, nobody is responsible for taking care of...

Posted July 6, 2014    

Epicor Faces a Challenging Future

Epicor used its recent user group conference to explain its strategic direction and product roadmap. The company is the result of multiple mergers of business software corporations over the past 15 years; its target customers are midsize companies...

Posted July 2, 2014    

Longview Tax Software Helps Tax Departments Be More Strategic

Longview Solutions has a longstanding presence in the financial performance management (FPM) software market and was rated a Hot vendor in our most recent FPM Value Index. Several years ago it began offering a tax provision and...

Posted June 26, 2014    

SAP Sets Course for Simple ERP

The keynote theme at this year’s Sapphire conference in Orlando was Simple. Top executives from SAP, a software company associated with complexity, stated and restated that its future direction is to simplify all aspects of its products and the ways...

Posted June 23, 2014    

Finance Analytics Require Training to Improve

Analytics has long been a core discipline of Finance, applied to analysis of balance sheets, income statements and cash-flow statements. However, as I’ve noted, most finance departments have not kept up with recent advances. Our recent ...

Posted June 10, 2014    

Requirements for Becoming a Strategic Chief Risk Officer

The proliferation of chief “something” officer (CxO) titles over the past decades recognizes that there’s value in having a single individual focused on a specific critical problem. A CxO position can be strategic or it can be the ultimate middle...

Posted June 6, 2014    

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 30, 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 24, 2014