Bringing AI and Predictive Analytics to EPM

Posted by Adib Khartabil

Jun 21, 2018 10:57:00 AM

Advances in business technology since the advent of the PC have had exponential effects upon how entities budget, plan and report their results since the early 1980’s.  Lotus 123’s (later Excel’s) contribution to budgets and forecasts is immeasurable.  Thus, came the creation of “spreadsheet hell” that most currently active and experienced finance, accounting and

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Topics: Budgeting and Forecasting, Hyperion Planning, Oracle PBCS, Data Quality Management, Finance Best Practices, Enterprise Performance Management (EPM)

EPM Architecture Is Bigger Than Finance

Posted by Steve Berry

Jun 19, 2018 9:35:00 AM

Money decisions made without operational guidance are just as risky as those made without financial guidance. Your EPM architecture should integrate both sets of knowledge.

Should a home appliance manufacturer move some of its production offshore in order to reduce payroll expense even if it means higher transportation costs, greater supply chain complexity, and longer

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Topics: Cloud EPM, Finance Best Practices, Financial Operations, Enterprise Performance Management (EPM)

Streamline and Modernize Your Budgeting and Planning Process

Posted by Adib Khartabil

Jun 13, 2018 9:27:42 AM

At some point in the life of your business, the budgeting and planning process will need to evolve from manual spreadsheet purgatory to an automated, transparent process that aligns with your business goals – that is if it hasn’t already.  A company’s budget is THE planning tool upon which every part of an enterprise will

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Topics: Budgeting and Forecasting, Hyperion Planning, Cloud EPM, Finance Best Practices

Live webinar: IFRS 15 and ASC 606 - Are you in compliance yet?

Posted by Pam Gazley

Jun 5, 2018 1:52:00 PM

Every public company must be in compliance with the new IFRS 15 and ASC 606 revenue recognition standard. Failing to be in compliance will result in lengthy audits, having to restate earnings, irate shareholders or potential loss of revenue due to non-compliance.

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Topics: Shamless Marketing, Risk and Compliance, Finance Best Practices

Great M&As Need A Great EPM Environment

Posted by Steve Berry

May 31, 2018 10:41:29 AM

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Topics: Cloud EPM, Risk and Compliance, Finance Best Practices, Enterprise Performance Management (EPM)

How to Measure and Improve EPM ROI

Posted by Steve Berry

May 22, 2018 3:45:43 PM

If the primary reason you adopt EPM is to improve enterprise performance, then the best yardstick with which to measure and improve EPM ROI is by how much better the enterprise performs.

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Topics: Cloud EPM, Implementation or Upgrade, Data Quality Management, Finance Best Practices, Enterprise Performance Management (EPM)

The Value On-Premises EPM Can’t Offer CFOs

Posted by Steve Berry

May 15, 2018 10:34:00 AM

When it comes to EPM, the old adage, “You only get what you pay for” doesn’t apply. You can actually get a lot more — if you move your on-premises EPM (or your Hyperion finance) solution to the cloud.

Over the past years Strafford has helped dozens of companies move their on-premises Hyperion finance solutions to a cloud-based EPM environment such as Oracle Cloud. In all cases these companies’ CFOs were looking to lower the total cost of ownership (TCO) and also extract

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Topics: EPM Support, Cloud Hosting, Cloud EPM, Finance Best Practices, Enterprise Performance Management (EPM)

5 Early Signs Your EPM Consultant Isn’t Working Out

Posted by Steve Berry

May 9, 2018 2:11:17 PM

EPM projects are ambitious undertakings that have a profound impact on the life of your business. So if your EPM consultant isn’t working out — the sooner you know, the better.

Hindsight, as they say, is always 20/20.

Whenever a committed relationship fails, you can almost always look back and point to early signs that things weren’t going to work out. That realization is usually followed by regret — regret at all the time, money,

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Topics: Cloud Hosting, Cloud EPM, Implementation or Upgrade, Finance Best Practices, Enterprise Performance Management (EPM)

Modernize Finance Operations Using Oracle PBCS - A Case Study

Posted by Pam Gazley

May 3, 2018 9:42:00 AM

To keep up with their growing business, Transaction Network Services Inc. (TNSi) needed to handspring away from Excel gymnastics and find a cloud-based solution that would allow them to make swift and accurate decisions. They turned to Strafford to help find and implement a new, robust planning and budgeting solution. Strafford recommended Oracle PBCS.

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Topics: Budgeting and Forecasting, Oracle PBCS, Case Studies

Agile EPM Reduces Risk and Makes Stakeholders Happy

Posted by Steve Berry

Apr 26, 2018 11:16:00 AM

An agile EPM approach reduces risk, gets to value faster, creates less waste, and is more likely to make your stakeholders happy. So why build your EPM system any other way?

When we listed in a recent blog article the top ten reasons why EPM projects fail, one of the reasons we listed was “scope creep” — and one of the reasons for listing it, we wrote, is that scope creep undermines agile. That might seem like a contradiction since both scope creep and agile are about doing things incrementally — which is true. But where agile

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Topics: EPM Support, Implementation or Upgrade, Risk and Compliance, Finance Best Practices, Enterprise Performance Management (EPM)