A core objective of my research practice and agenda is to help the Office of Finance improve its performance by better utilizing information technology. As we kick off 2014, I see five initiatives that CFOs and controllers should adopt to improve their execution of core finance functions and free up time to concentrate on increasing their department’s strategic value. Finance organizations – especially those that need to improve performance – usually find it difficult to find the resources to...
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Topics:
Big Data,
Performance Management,
Planning,
Predictive Analytics,
Office of Finance,
Budgeting,
close,
dashboard,
PRO,
Tax,
Analytics,
Business Analytics,
Business Collaboration,
CIO,
In-memory,
Business Performance Management (BPM),
CFO,
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain,
Supply Chain Performance Management (SCPM),
CEO,
demand management,
Financial Performance Management,
FPM,
S&OP
People who don’t spend much time analyzing the software market may have trouble understanding the differences between products in a given software category or the difference between two categories. This happens because vendors and commentators use the same words to describe different depths of functionality and degrees of comprehensiveness in one type of application. As well, there can be multiple categories of software that address the same general business issues but are designed for...
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Topics:
Performance Management,
Office of Finance,
Operational Performance Management (OPM),
dashboard,
PRO,
Business Analytics,
Business Performance Management (BPM),
CFO,
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain,
Supply Chain Performance Management (SCPM),
CEO,
demand management,
FPM,
S&OP
Infor described this year’s Inforum user group meeting as a coming-out party for a large startup company. Such a debut was necessary because Infor had been operating in something of a stealth mode for the past three years: a limited marketing presence, no unified message and a weak, sometimes inconsistent brand identity. It also needed to formally introduce Infor to customers of Lawson, the ERP supplier it acquired last year. The “startup” designation is meant to signal that Infor has been able...
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Topics:
Performance Management,
Salesforce.com,
SAP,
Social Media,
Sustainability,
ERP,
Human Capital Management,
Marketing,
Operational Performance Management (OPM),
Epiphany,
expense management,
Lawson,
Business Analytics,
Business Collaboration,
Business Intelligence,
Business Mobility,
Cloud Computing,
Governance, Risk & Compliance (GRC),
IBM,
Operational Intelligence,
Oracle,
CRM,
Customer Performance Management (CPM),
finance,
Financial Performance Management (FPM),
Infor,
Information Applications (IA),
Information Management (IM),
IT Performance Management (ITPM),
Sales Performance Management (SPM),
Supply Chain,
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
Financial Performance Management
I recently attended Kinaxis’ users’ group meeting and learned some interesting things. The company, which has been around since 1995, provides software for large corporations with complex supply chains. Over the past decade its product has evolved well past its roots as a material requirements planning (MRP) support tool. It is now an analytics suite that facilitates supply and demand planning, analysis and optimization with a focus on sales and operations planning (S&OP). This is a discipline...
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Topics:
Planning,
Sales,
Office of Finance,
Operational Performance Management (OPM),
Budgeting,
Kinaxis,
Business Analytics,
Business Collaboration,
Cloud Computing,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain,
Supply Chain Performance Management (SCPM),
demand management,
Integrated Business Planning,
S&OP
The earthquake, tsunami and nuclear plant trifecta that devastated Japan has had a negative impact also on companies that embraced the concept of managing a lean supply chain – one that minimizes inventories at each stage. If news accounts are to be believed, there seem to be legions regretting that decision as disruptions caused by the disasters have a ripple impact, hampering manufacturers’ ability to deliver goods worldwide. But although current events are a wake-up call highlighting the...
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Topics:
Performance Management,
Sustainability,
Human Capital Management,
Marketing,
Operational Performance Management (OPM),
Analytics,
Business Analytics,
Business Collaboration,
Cloud Computing,
Governance, Risk & Compliance (GRC),
Business Performance Management (BPM),
Financial Performance Management (FPM),
IT Performance Management (ITPM),
Supply Chain,
Supply Chain Performance Management (SCPM)