On this blog, we have been discussing the service packages that can come with ownership and management of a cloud Corporate Performance Management (CPM) and/or Business Intelligence (BI) solution – and so far, we’ve explored the importance of support and consulting. This article will explore the final component – why training? Wasn’t consulting enough? Is it an essential part of the experience of owning and mastering the management of your cloud BI or CPM tool? This article will set out to answer these questions and more about the relevance of training to your daily work within a cloud BI or CPM solution.
This article will focus on the Best Excel Reporting and Budgeting Tools on Cloud for Banks
Excel: How do I love thee? Let me count the ways. (Sonnet 43) – The reason why we all love Microsoft Excel so much is that you can create almost any report you can imagine. Take for example this Business Process Management (BPM) report. BPM is a systematic approach to making an organization’s workflow more effective, more efficient and more capable of adapting to an ever-changing environment.
This article will focus on Cloud-based Business Intelligence Solutions for Banking.
Why do I love my iPod Classic? – I got my 80GB iPod Classic around 2007. I was able to load all 14,000 songs from my library onto it. I created several playlists that helped me organize the songs. One playlist consisted of heavy metal that got me amped up before going to the gym. Another playlist contained acoustic folk songs that were for the morning after a late night of fun. Continue reading
This article will discuss the process of preparing for a successful financial reporting implementation.
In the modern business realm, you cannot avoid financial reporting. Whether it is a homegrown Excel process, a legacy software program, an independent software vendor (ISV), or a native enterprise resource planning (ERP) report writer, every company is doing it. Investing in your first modern reporting tool typically means automated financial statements, accessible collaboration, modern security, and self-service analytics. Don’t worry if it sounds like gibberish to you. In this article, we will discuss preparing for your first reporting implementation so you are able to select the best reporting tool to navigate your organization in managing and analyzing data.
This article will focus on the demand for convergence of Business Intelligence and Corporate Performance Management tools and why this benefits mid-market companies.
The latest release of the Gartner Magic Quadrant for Business Intelligence strengthened my conviction that the market will see consolidation between the Business Intelligence/Visualization (BI) and Corporate Performance Management (CPM) vendors. Gartner classifies them in separate quadrants because the respective tools are evaluated differently during the sales process. Furthermore, BI tools usually sell into marketing and sales teams while CPM targets finance and accounting professionals. Consequently, there has been limited Mergers and Acquisitions (M&A) in the space. Note that this article assumes readers are familiar with the basic definitions to focus on a narrative explaining the demand for their convergence.
This article will focus on the Top Cloud-based Financial Planning &Analysis (FP&A) Budget Tools for Banks.
The way things used to be – When I first got into building a budget for a bank, we were using Lotus 1-2-3 spreadsheets that were stored on 5¼ inch floppy disks. The spreadsheet was basically a 24-month trial balance for each branch or department. The first eighteen months contained historical balances. The remaining eighteen months were the forecast for the rest of the current year and budget for next year.
This article will discuss dashboard solutions for real estate companies that are seeking to enhance Microsoft Dynamics GP data analyses.
Visualization has some beneficial side effects. Visualization improves your performance; helps reach your potential, increases focus, boosts confidence, and so much more. Think about professional athletes. For instance, everyone from tennis player Serena Williams to Arnold Schwarzenegger, who was a world champion body builder before he became an actor, have practiced visualization techniques. It makes sense to apply visuals to your financial reports and presentations. Think about receiving a stack of spreadsheets full of data. Is this how you extract your financial analysis? This is where a dashboard comes into play. The amount of data being created every year continues to grow tremendously. If your organization wants to make informed decisions, your company leaders need to be able to access and interpret data in real-time. The ability to act quickly on the data has become a competitive differentiator. A dashboard presents key data on a single page and uses visuals to summarize a large amount of data. In this article, we will discuss how dashboards will help real estate companies that are using Dynamics GP. Continue reading
This article will focus on Cloud Financial Reporting and Budgeting for Banks.
New technology has drastically changed the way we communicate. - My 18-year old daughter has just discovered the show called The Office starring Steve Carell. The show came out in 2005 and we are wrapping up season two. What is striking is that all the sales representatives have flip phones and need to return to the office and login to their laptops or personal computers to transact business. Continue reading
This article will focus on Cloud Reporting for Banks.
Just what is Cloud Reporting? – TechTarget defines Cloud Analytics as a service model in which the reporting and analysis process are provided through a public or private cloud. These solutions are typically offered under a subscription-based pricing model called Software as a Service (SaaS). Gartner defines the six key elements of analytics as data sources, data models, processing applications, computing power, analytic models and sharing or storage of results. In its view, any analytics initiative “in which one or more of these elements is implemented in the cloud” qualifies as cloud analytics. Continue reading
This article will explore the need for skilled consulting in maximizing your Corporate Performance Management and Business Intelligence solutions.
I recently wrote about the importance of a Support package when it comes to owning and managing a Corporate Performance Management (CPM) and/or Business Intelligence (BI) solution – and how that fits into the context of professional services and training as well. That article led me to explore more in the area of consulting. How does an implementation go – with or without consulting? Why is high quality consulting such an important, if not essential part of getting the most out of your BI and CPM solutions? This article will discuss the significance of consulting in owning a data analysis and management tool today.