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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
The New Reality: Planning, Analytics and Performance Management in the 2020s
2020 has been a year like no other in modern history. Starting off with great expectations for the new decade, by March the entire world was disrupted by the COVID-19 causing every organization to scrap their 2020 budgets and revisit their plans and forecasts. While the pandemic wanes and the global economy slowly recovers, this
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
How is COVID-19 Impacting Short and Long-Term Financial Decision-Making?
The COVID-19 pandemic has clearly had an impact on the personal lives of everyone around the world with restrictions on travel, who we interact with, and how we interact with family, friends and our communities. It has also had an impact on the work lives of most professionals, who have been forced to work from
Streamline Corporate Performance Management with OneStream Task Manager
Finance leaders must increasingly navigate the interconnected challenges of organizational complexity. To drive performance, they must execute critical processes with efficiency and support decision-making across the enterprise with timely access to financial and operating results. And now, suddenly, Finance teams must also adapt and respond to the unprecedented increase in the demand for remote operation
Oracle Hyperion EPM Go-Forward Options Market Sentiment
Organizations who leverage Oracle Hyperion EPM for financial consolidation, business planning, reporting and analytic needs are at a critical crossroad. Version 11.1.2.4 Premier support ends as of December 2021. The go-forward path is not straight forward. Our team has developed an Options Analysis Framework to help organizations with this assessment. Additional information on this framework may be
Call-To-Action: End of Life Support for Oracle Hyperion 11.1.2.4
Organizations who leverage Oracle Hyperion EPM for financial consolidation, business planning, reporting and analytic needs are at a critical crossroad. Version 11.1.2.4 Premier support ends as of December 2021 – this means: Use of unsupported software has an impact on internal controls / more costly to maintain No further critical security patches will be released [increase cyber security
OneStream Again Named a Leader in Dresner Advisory EPM Market Study
Industry analyst reports are often a key source of information buyers leverage when they are identifying and evaluating potential enterprise software vendors who can meet their needs. But not all industry analyst reports are created equally. Many of them are based mostly on analyst opinion, and a few customer references. But some are based more
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
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,
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
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
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,
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
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