CPMConnect

Your source to the latest news and trends for Modern Finance and CPM & EPM Solutions

Football and Finance: Reading Signals to Optimize Performance

“Blue 42, Blue 42, 54 is the Mike, Omaha, set, hut!”. This or a similar cadence can often be heard by a quarterback “calling the signals” during an NFL football game. What’s this all about? To most of us it is unintelligible but to the players on the field it provides essential information. It can

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Get Back to Business. More Relevant Now Than Ever.

2020 may be forever remembered as the year the world shut down.  The pace at which the COVID-19 pandemic spread throughout the world was unprecedented.  In a matter of weeks, the virus brought global travel almost to a complete halt, shut down restaurants and hotels, closed schools, forced cancellations of major conferences, sporting events, concerts,

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OneStream’s Machine Learning Strategy: A Framework for Predictive Finance

Whether it’s the global pandemic, US-China trade wars, Brexit or the 2020 US presidential election, finance teams are keenly aware of what many pundits hate to admit; uncertainty IS the new normal.  And though COVID-19 is a black-swan event, navigating through uncertainly is nothing new for finance leaders.  Navigating uncertainty is why long-range planning and

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Streamlining the Financial Close, Consolidation and Reporting Process

In today’s volatile and sometimes disruptive economic environment, CFOs and finance organizations must lead organizational decision-making processes with insight, speed and confidence. Yet many finance organizations are still bogged down by inefficiencies in routine processes such as the period-end financial close and reporting cycle, making it difficult to shift time to value-added analysis and decision

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In memory of Keith F. McDermott, CPA

Dear Members of the Finance and Accounting Community: With a heavy heart, I share with you a recent loss I am still coming to terms with. Last month, one of our thought leaders of the Finance and Accounting Community, Keith McDermott suddenly, albeit peacefully, passed away. Though I have known Keith for almost exactly seven years only,

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OneStream Leads the Pack in BARC Planning Software Survey

If you’re in Corporate Finance, you’ve likely been thinking about planning and analysis a lot lately.  And while the COVID-19 crisis is driving many of us into perpetual forecasting cycles, many Finance teams are finding out the hard way whether they have the right tools for the job.  For those that don’t, the good news

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Corporate Performance Management in the 2020s – Time for a Change?

The concept of corporate performance management (CPM), also known as enterprise performance management (EPM), has been around for over 20 years.  The focus has historically been on achieving financial goals by linking goal setting to planning, execution and monitoring of the business in a continuous management cycle.  Most organizations have typically set their goals and

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Certent Transforms ESMA/ESEF Compliance with Intelligent Reporting Platform

Certent Transforms ESMA/ESEF Compliance with its Intelligent Reporting Platform Certent Disclosure Management’s new ESMA/ESEF reporting platform takes the pain out of regulatory reporting with simple, intuitive system guidance Roseville, CA, May 28, 2020 – Certent, Inc., a leading provider of software-as-a-service solutions for financial disclosure management and equity compensation, announced today the release of their

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Scenario Analysis & Rolling Forecasts for Rapid-Response Finance

If the COVID-19 crisis teaches us anything, it proves that the annual operating plan (AOP) is a relic of the past.  Want proof?  According to the Association of Financial Professionals (AFP),[1] 85% of FP&A teams are now expecting to miss their revenue and earnings targets.  Why does that matter?  Well, AOPs comprise tens and sometimes

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What Does the Future of Finance Analytics Look Like?

The digital transformation of finance has been underway for many years.  The ability to automate manual tasks and processes using digital technologies has helped finance shift its focus from back-office processing and reporting of historic results – to forward looking forecasting and analysis of the business. Re-posted with permission from Source

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Using CPM/EPM Solutions to Navigate the Covid-19 Crisis

As the biggest global pandemic in over 100 years, the Covid-19 crisis is having major impact on the global economy and organizations in almost every industry across the globe.  And while the worst of the outbreak is hopefully behind us, the return to normalcy and timeline for economic recovery is anything but certain. Re-posted with

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Data Integration: The Tip of the Iceberg for Supporting CPM Processes

During all my years designing and implementing integration solutions for EPM processes, one thing is clear to me: data integration is a vital part of the equation. After all, it is what brings together any CPM process such as Financial Consolidation and Planning & Budgeting.  As an integration solution architect, I believe that having someone

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Gaining Analytic Insights into Trends and Signals in Operational Data

The increasing pace and volatility of global markets is putting more pressure on organizations, and their management, to increase their decision-making agility.  Smart line of business managers know they can’t do it alone.  They need to partner with CFOs and the finance team to gain access to up to date, accurate and consistent financial and

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Data-Driven Analytics: How it’s Transforming Finance and Baseball

Digital transformation is everywhere we look.  Smart phones, smart cars, smart appliances, smart finance departments and smart sports teams.  Within finance, digital transformation helps organizations master the execution of routine processes such as closing the books, accurately reporting financial results, managing budgets and controlling costs.  And the use of cloud-based applications is helping many finance

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