This article will focus on the demand for convergence of Business Intelligence and Corporate Performance Management tools and why this benefits mid-market companies.
Image taken from Gartner.
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 Cloud Financial Reporting and Budgeting for Banks.
Image taken from Shutterstock.
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 discuss the process of preparing for a successful dashboard implementation.
Photo taken from Shutterstock.
There is power in storytelling. As humans, we find purpose in moving people to do great things. We use stories to make sense of things whether it’s giving your friend advice or explaining a business concept to your coworker. Well-designed dashboards tell a meaningful story with data in the form of charts, graphs, and scorecards that exhibit trends, opportunities and challenges with key performance indicators (KPIs) for your organization. Many software implementations can be difficult, and only a few companies today achieve “perfect” software implementations on their first try. If you are reading this article because your company recently purchased a dashboard tool or if you are wanting to invest in one, don’t feel discouraged. I’m here to help. In this article, we will discuss preparing for your first dashboard implementation.
This article will focus on dashboard tips and tricks that enable organizations to understand their company data better for stronger decision-making.
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All companies, no matter the size, benefit from Business Intelligence (BI). Of all BI tools, dashboards are often seen as a top priority especially to Chief Financial Officers (CFOs) and other executives. According to Software Advice, a comparison site for Business Intelligence tools, dashboards, scorecards, and performance management software are priority number one for today’s financial executives. Dashboards provide quickly accessible, easily digestible analytics. It is an overview of your key information at a glance. Data Visualizations are graphs, charts, and scorecards that showcase data trends, opportunities, and challenges with key performance indicators (KPIs) for departments, projects, and/or the entire corporation. Making wise decisions is crucial for every organization because it heavily weighs on the company’s performance and condition, but just because an organization uses a dashboard, doesn’t mean it will be successful. In this article, we will focus on why a simple dashboard layout is typically the best kind of dashboard layout.
This article discusses independent software vendor tools that will turbo-charge data management and analyses for Sage 500 users wanting to build a best-of-breed solution.
Some Sage 500 users will probably always wonder why they would want or need to deploy independent software vendor (ISV) tool(s) on top of their accounting system. This confusion is perhaps an obstacle for ISVs and a concern for some Sage 500 users. There are a couple of clarifications that seem to organically come out of the conversation. First, no ISV can create a tool that can be a solution for every single organizational hurdle. A great example would be how competitive mobile device brands, like Apple or Android, provide their own native mapping applications, but still allow you to download an app from another manufacturer, which is similar to modern flexible enterprise resource planning (ERP) systems, like Sage 500. Because every organization using Sage 500 has particular objectives, specific budgeting requirements, and rules, the accounting system vary in how effective it is for each company. ISV technologies enable organizations to customize their data management and analytics.
Modern, easy-to-use dashboard tools are accelerating the data management and analytics processes for Manufacturing and Distribution companies using Microsoft Dynamics NAV.
It’s all about dashboards these days when it comes to presenting and digesting information in quick and easy-to-understand ways, which is particularly true in the Business Intelligence (BI) world. They are increasingly more popular, especially for executives, due to their easily accessible visualizations of your data. Dashboards provide easily digestible analyses for breakneck pace of decision-making for today’s businesses. Also referred to as data visualizations, dashboards are graphs, charts, and scorecards that showcase trends, strengths, and weaknesses with key performance indicators (KPIs) for projects, divisions, and/or the whole organization.
Independent software vendor (ISV) tools expand and streamline data management and analytics for Intacct users building best-of-breed Business Intelligence (BI) solutions.
One question that sometimes comes up in conversations with Intacct customers is related to confusion as to why you might need to deploy ISV tool(s) on top of the accounting system. This is a small hurdle for ISVs as the confusion seems to quickly dissipate for the Intacct community. First of all, no software solution, even as great as Intacct has proven to be, can answer to every single business-related analytical hurdle for every company. A perfect example would be Apple offering their own native Maps applications on their iPhones, but still allowing consumers to install the Google Maps app, just as any modern flexible enterprise resource planning (ERP) system, like Intacct, does. Because every organization who utilizes Intacct has particular objectives, specific planning needs and rules, the accounting system will differ in how sufficient of a solution it is for each corporation. ISVs provide businesses the capability to customize their data management and analytics.
In this article, financial reporting for manufacturing and distribution organizations using Microsoft Dynamics NAV will take the spotlight, focusing on software and functionality offerings.
In today’s business world, Business Intelligence (BI) analyses are largely driving decision-making for the future of your organization by making sense of important company data. Even so, it would make sense if the number of financial reporting options, as well as the different features and functionality available, is overwhelming to you, even if you are familiar with BI processes, especially when trying to achieve industry-specific analytical objectives. Recently, I discussed the vagueness in product marketing with a finance professional for a manufacturing organization – and how frustrating it can be to try to shop for a solution that speaks to her manufacturing-specific analytical goals. This article will discuss what you need to know regarding modern financial reporting tools to expand your Microsoft Dynamics NAV processes, with a focus on manufacturing and distribution data management and analysis.
This article will discuss the year ahead of us, specifically in terms of what 2016 holds for Business Intelligence and Corporate Performance Management for modern businesses.
Another year has come and gone, seemingly faster than ever – and we’re already into the second month of 2016. At the end of 2015 or in early January, some people were writing about Business Intelligence (BI) and Corporate Performance Management (CPM) trends they predicted we would see manifest this year. However, much like my current approach to New Year’s resolutions, I felt it was important to let the dust settle, work through the workload hangover of the holidays, and have the New Year function as a soft opening. This way, we can approach 2016 with a rolling start that doesn’t set us up for failure. This article will discuss some key trends and trajectories that data management and analytics will take in 2016.
Today’s dynamic, business user friendly dashboard solutions are expanding the Microsoft Dynamics AX data management and analytical experience for Manufacturing and Distribution companies.
Dashboards, dashboards, dashboards. I feel like every time I turn around, I’m hearing about some kind of dashboard – and that is especially true in the Business Intelligence (BI) realm. This is probably because they are such a popular investment for executives, especially with their accessible, digestible data visualizations. Dashboards deliver quick and easy analytics for the fast pace of business decision-making. Also known as data visualizations, dashboards come in the form of charts, graphs, and scorecards that illustrate your data in trajectories, challenges, and opportunities through key performance indicators (KPIs) for projects, departments, and/or the entire company.