ISG Software Research is expanding our ISG Buyers Guide™ coverage to include the topic of sustainability. Our buyers guide will focus on sustainability exclusively rather than the full spectrum of environmental, social and governance topics. One reason is that gathering, managing, analyzing and reporting environmental data under the various frameworks and statutes presents enterprises with considerably greater challenges than the other two. For most, it is likely the least well defined and the...
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Topics:
Office of Finance,
Operations & Supply Chain,
ERP and Continuous Accounting,
supply chain management,
digital finance,
Sustainability Management,
Business & Technologies
Sage recently held its Future user conference in Atlanta. Our ISG Buyers Guide for Midsize ERP Financial Management (2024) rated Sage Intacct as one of the top three providers, reflecting its strong performance in both product capabilities and customer experience. The event showcased its advances and roadmap aimed at embedding artificial intelligence (AI), generative AI (GenAI) and agentic AI in its applications, especially ERP. In 2024, nearly every software provider highlighted its (mostly...
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Topics:
Office of Finance,
ERP and Continuous Accounting,
digital finance,
Procure-to-Pay,
Order-to-Cash,
Business & Technologies
Oracle’s recent industry analyst summit demonstrated significant progress in embedding artificial intelligence in its business applications—including those for finance, HR and supply chain management. This amplifies the already broad and deep functionality developed over decades. Oracle also continues to expand and extend its collaborative efforts with financial institutions, a form of network-enabled extended process facilitation that I expect will grow in importance for business software...
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Topics:
Office of Finance,
ERP and Continuous Accounting,
digital finance,
Procure-to-Pay,
Consolidate and Close Management,
Order-to-Cash
OneStream offers a platform designed to serve the needs of accounting and financial planning and analysis (FP&A) organizations. The software handles financial close and consolidation, planning and budgeting, analysis and reporting.
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Topics:
Office of Finance,
Analytics,
Business Planning,
ERP and Continuous Accounting,
digital finance,
Generative AI,
Consolidate and Close Management,
AI and Machine Learning
The six costliest words in managing a finance department are, “We’ve always done it this way.” The record-to-report (R2R) cycle describes the process of finalizing and summarizing the financial activities of a business for a specific accounting period—typically a month, quarter or fiscal year. It is important to note that R2R exclusively covers the activities between recording (keeping the books) and reporting (publishing financial statements and management accounts). It involves completing...
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Topics:
Office of Finance,
ERP and Continuous Accounting,
digital finance,
Generative AI,
Consolidate and Close Management,
AI and Machine Learning
Managing corporate income taxes is a challenge for chief financial officers and their tax department professionals. Tax codes are often complex, so tax accounting as well as the data required for tax provisions and tax compliance are different enough from statutory accounting to create significant workloads for the tax department. The provision for income tax expense and, for public companies, the assembly of information related to tax-related disclosures, can be a factor holding up the...
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Topics:
Office of Finance,
Tax,
ERP and Continuous Accounting,
tax; tax provision; transfer pricing,
digital finance,
Consolidate and Close Management
One of the promised benefits of artificial intelligence (AI), Generative AI (GenAI) and agents is that they can make everyone their own financial and business analyst. It’s true that these technologies can make it possible for everyone to access once hard-to-reach data (with suitable permissions), unleash agents to assemble the data into useful tables and charts along with commentary describing results and highlighting underlying drivers of results, propose next best actions and use natural...
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Topics:
Office of Finance,
Business Planning,
ERP and Continuous Accounting,
AI,
AI and Machine Learning
Enterprise Resource Planning (ERP) systems are comprehensive software platforms designed to integrate and manage all the core processes of an enterprise while recording transactions and their financial consequences to support the accounting and finance functions. ISG Software Research recently completed our Buyers Guide™ for ERP systems, designed to help enterprises that are replacing their existing ERP software to make the best choice, both in terms of the product’s performance as well as the...
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Topics:
Office of Finance,
ERP and Continuous Accounting,
AI and Machine Learning
Trintech provides finance departments in larger and midsize enterprises with software to accelerate their accounting close processes while achieving hard and fast accuracy and compliance requirements with less effort. The financial records of an enterprise must be periodically reviewed and summarized to create financial statements that inform executives and interested third parties of the organization’s financial condition and performance. A consolidation of the financial records and other...
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Topics:
Office of Finance,
ERP and Continuous Accounting
In anticipation of conditions that suggested accelerating price increases, I wrote in 2021 about how technology could be useful in an inflationary period, anticipating the world we live in now. Responding effectively to changes in costs is always challenging, but even more so because of the choppy and chaotic nature of the current environment. Inflation may have abated from its highs throughout the rich world but is still an important factor in business decisions. Many enterprises have limited...
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Topics:
Office of Finance,
Business Planning,
ERP and Continuous Accounting,
Subscription Management