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The Virtual Close – Is This Really Needed to Lead at Speed?

In the world of finance and accounting, the concept of the so-called “virtual close” has been around for almost 20 years. In fact, I did some research and published a white paper on this topic back in 2002. At the time, there were several companies such as Cisco Systems and Motorola that had adopted the

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5 Steps for an Effective CPM Software Evaluation

Congratulations. Like many Finance leaders lately, you’ve made the decision to finally move your corporate performance management (CPM) processes forward with a new software solution. Reaching this critical decision is certainly a milestone. But at the same time, you must also prepare for what comes next – creating and managing an effective evaluation process. For

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Playing Smarter: Using Analytics to Win Big in Business and Life

No matter where your team is in the Finance transformation journey, it’s always a good time to take more advantage of advanced analytics. Why? Well, like it or not, advanced analytics – such as predictive analytics and machine learning (ML) – are here to stay. How am I so confident? It’s pretty simple, actually. How

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Driving Performance with OneStream’s Built-In Reporting and Analytics

When it comes to corporate performance management (CPM), distilled down to the simplest terms, Finance has three basic roles to fulfill in its support for the organization: Looking backward with processes such as the financial close & consolidation to produce an accurate book of record income statement and balance sheet to represent an organization’s financial

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FCCS – Intro to Writing Configurable Calculations

In Financial Consolidation and Close Cloud Services (FCCS) business rules can be defined in a few places. This post will primarily focus on Configurable Calculations. These are seeded calculation rules inserted at pre-defined points along the consolidation path and uses Calculation Manager to write rules. FCC sits on top of Essbase and uses Essbase Calc

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How is COVID-19 Impacting Financial Decision-Making in Europe?

The COVID-19 pandemic had a major impact on the world economy as it broke out in early 2020, and it continues to impact many industries and organizations as we enter the 4th quarter of the year. Back in August, OneStream Software released the results of a survey of North American Finance executives highlighting the impacts

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Finance in the 2020s – How to Conquer Complexity and Lead at Speed

Let’s face it, complexity is the inevitable byproduct of growth and change. And though the 2020’s kicked off with major disruption from COVID-19, Finance Leaders are facing ongoing and diverse challenges of rapidly changing markets, operational complexity and accountability to deliver on stakeholder expectations. That’s why Finance teams no longer have a choice – we

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Gartner Recognizes OneStream as a Leader in Cloud FP&A Solutions

If there’s one lesson learned from this year’s COVID-19 pandemic, it’s that every organization needs to have efficient and agile budgeting, planning and forecasting processes that enable them to respond and adjust quickly to market disruptions. Organizations that have modern, cloud-based planning solutions in place have fared better in stepping up the frequency of their

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EVENT: End of Support for Hyperion – Now What?

Oracle Hyperion v11.1.2.4 Support ends Dec 31, 2021. Join us as we explore what you need to know and how to move forward with confidence. Click here to access webinar replay. Status Quo is not an option.  Oracle Hyperion is a critical tool relied upon by Finance & Accounting to generate accurate consolidated financial results and

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The Power of Customer References in CPM Software Evaluations

The, time, effort and research that goes into an organization’s decision to purchase enterprise software can be substantial. And given the risk inherent in these decisions, that’s a lot of responsibility to put on any individual or group, especially since the typical evaluation cycle is around 6-12 months for corporate performance management (CPM) software. Between

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Leveraging Data Analytics and Insights to Increase Business Agility

Knowledge is power. Today you have more data than ever before, but is it effectively increasing your understanding of the business? Is all that data actually adding value? In fact, the large volume of varied data can be overwhelming, especially if your organization has it in multiple legacy systems. Re-posted with permission from Source

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Addressing FY21 NDAA & DOD Budgeting Requirements with CPM Solutions

The National Defense Authorization Act (NDAA) is one of two annual bills designed for Congress to oversee the budget for the U.S. Department of Defense (DOD). The authorization bill determines the agencies responsible for defense, establishes funding levels, and sets the policies for allocating budget dollars. And this year, the budgeting requirements create the perfect

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