Interactive Data Reporting: A Model for Smart Financial Management

Posted by Steve Berry

Jul 24, 2018 8:45:00 AM

Over 40 years ago, Saudi Oil Minister Sheikh Yamani was quoted for this insightful thought on global development: “The Stone Age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil.”The world economy now turns on something more valuable than petroleum: DATA. Unlike oil, data isn’t in jeopardy of depleting. Over the last 20 years, enterprises of all types have faced an ever-growing wave of data growth – with many just trying to stay ahead of that wave by capturing and storing it. The idea of actually making use of it has been an evolving challenge. This blog post explores the evolution of interactive data reporting and modeling.

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Topics: Consolidation and Close, Budgeting and Forecasting, Finance Best Practices, Finance Operations

Oracle PBCS Q2 2018 Updates – See What’s New

Posted by Pam Gazley

Jun 28, 2018 11:15:56 AM

We are committed to keeping our Oracle clients updated on Oracle Cloud product features and enhancements. In case you missed it, here's a recap of the Q2 2018 Oracle PBCS product announcements.

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Topics: Budgeting and Forecasting, Hyperion Planning, Oracle PBCS, Oracle Products

Think of Oracle EPBCS as Excel's "EPM Edition"

Posted by Steve Berry

Jun 27, 2018 10:45:42 AM

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Topics: Budgeting and Forecasting, Oracle PBCS, Enterprise Performance Management (EPM), Oracle Products

Harness the New Power of Budgeting and Planning In The Cloud

Posted by Senior Consultant

Jun 27, 2018 10:09:07 AM

Today, the big initiative at enterprise software companies is migrating their existing solutions to cloud platforms.  The benefits to moving to a cloud platform generally revolve around greater flexibility and efficiency. Flexibility meaning that IT services can be scaled in real time to fit the needs of the application users.  Efficiency speaks to the ability to deploy applications and services rapidly without worrying about underlying hardware / infrastructure issues.  The mantra is that once you are in the cloud, all you need is an Internet connection. The problem... Many finance organizations are not harnessing the true power of budgeting and planning in the cloud.

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Topics: Budgeting and Forecasting, Cloud Hosting, Hyperion Planning, Oracle PBCS, Enterprise Performance Management (EPM)

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)

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

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, Oracle Products

Oracle PBCS – What’s New: Quarterly Recap

Posted by Pam Gazley

Mar 23, 2018 1:47:00 PM

We are committed to keeping our Oracle clients updated on Oracle Cloud product features and enhancements. In case you missed it, here's a recap of the Q1 2018 Oracle PBCS product announcements.

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Topics: Budgeting and Forecasting, Hyperion Planning, Oracle PBCS, Oracle Products

2018 Resolutions for FP&A Organizations Seeking Continuous Improvement

Posted by Deborah Jelley

Jan 3, 2018 2:33:32 PM

It's not too late to make those 2018 Resolutions and we've got a few for FP&A organizations. 2018 will bring key challenges to many FP&A organizations, not the least of which will be to ensure compliance with the recently enacted US tax code revisions and to understand how these changes will impact your company’s core business.  But there are other challenges that present opportunities your organization could take advantage of.  Some of these challenges include further investment in your FP&A organization to guarantee success in the year ahead.  Here are some upcoming trends in FP&A for 2018 as they relate to planning activities and partnering with your sales, operations and executive organizations.

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Topics: Consolidation and Close, Budgeting and Forecasting

Roadmap to Finance Planning and Budgeting Efficiency

Posted by Jamie Carpentier

Apr 26, 2017 11:26:38 AM

 

What does the roadmap look like for your finance organization? Based on our experience working alongside finance teams and talking to clients, the roadmap below may sound familiar.

  • You Are Here. Finance has to focus on margin and earnings performance, while preparing for economic and organizational challenges. There are lots of issues that prevent Finance from efficiently organizing and securing the vast amounts of data required for metrics that are used in strategic decision-making.
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Topics: Consolidation and Close, Budgeting and Forecasting, Financial Reporting, Cloud Hosting, Cloud EPM