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.
Read More

Topics: Consolidation and Close, Budgeting and Forecasting, Financial Reporting, Cloud Hosting, Cloud EPM

Static vs Rolling Budget: Which is right for you?

Posted by Michele Morrill

Apr 12, 2017 11:29:33 AM

Static budgets and rolling forecasts are different approaches to achieving a similar goal - predicting the future finances of an organization. While static budgets continue to be the most common choice, rolling forecasts provide features that work better for some companies. The ideal budgeting approach largely depends on the business model. The size, growth-rate, and industry fluctuations of your organization can help you determine the ideal budgeting method.

Read More

Topics: Budgeting and Forecasting, Finance Best Practices

Questions To Ask A Finance Consulting Firm Implementing your New Planning and Budgeting Application

Posted by Michele Morrill

Mar 30, 2017 10:39:54 AM

Do you know what questions should ask when selecting a Finance consulting firm to implement your new planning and budgeting application? In order to have a successful implementation that is delivered on-time and on-budget, here are some important questions you should know the answers to.

Read More

Topics: Consolidation and Close, Budgeting and Forecasting, Financial Reporting, Oracle PBCS, Finance and Technology Staffing

Top 5 Fixes for Planning and Budgeting Issues

Posted by Hyperion Consultant

Feb 21, 2017 12:35:35 PM

Your top priority in Finance is margin and earnings performance. The Finance team must prepare for organizational challenges that could occur at any time by focusing on working capital management. Basically as much as you'd like to spend time analyzing results, there are planning and budgeting issues that will always need your attention. Not to mention, there are many issues that prevent the Finance team from efficiently organizing and gathering the vast amounts of data required for metrics that are used in strategic decision-making. So, let’s deal with some of them head on!

Read More

Topics: Budgeting and Forecasting, Cloud Hosting, Oracle PBCS, Finance Best Practices

Hyperion Planning: A Better Choice Than Excel-based Planning

Posted by Michele Morrill

Dec 11, 2015 2:52:18 PM

A “day in the life” of an Excel-based planning and consolidation process resembles “spreadsheet hell”. It happens when finance teams are constantly sending and receiving files, trying to collate data, and assembling reports for management. Hyperion Planning can alleviate the headaches and unite your team.

Read More

Topics: Budgeting and Forecasting, Hyperion Planning, Oracle PBCS, Finance Best Practices

Reports: Being All Things to All People

Posted by Michele Morrill

Oct 30, 2015 1:51:28 PM

How can reports be all things to all people?  A key part of a Planning, Budgeting and Forecasting system – or a Reporting and Financial Consolidation system – is reports.  And while there is always a balance between customized or canned reports in any EPM project, a more efficient balance is achievable.

Read More

Topics: Consolidation and Close, Budgeting and Forecasting, Financial Reporting

Interesting New Features – Hyperion Planning 11.1.2.3 and 11.1.2.4

Posted by Deborah Jelley

Apr 13, 2015 2:33:00 PM

Is it time to upgrade? Upgrading from one software version to the next can be a major task, especially if upgrades have piled up and there has been a major release. Actually, in many cases, an upgrade can become a complete re-implementation. But in the case of Hyperion Planning, just do it.

Read More

Topics: Budgeting and Forecasting, Hyperion Planning, Implementation or Upgrade

Should You Drill back to Your Source Data from Hyperion Planning

Posted by Deborah Jelley

Mar 2, 2015 2:32:12 PM

You know you want to.

Where did that $5,000 come from last month? What, you ask yourself, are the details behind that number you see before you on the web template? It’s something you need to know. It gnaws at you. Your finger is poised over your mouse or track pad. Your analysis would be that much more comprehensive and accurate if you understood all the details. You exhale and double-click on the link. You’ve done it… In Hyperion Planning, you’re drilling back to the source system against that number and its Point of View.

Read More

Topics: Budgeting and Forecasting, Financial Reporting, Hyperion Planning, Oracle PBCS

Should Rolling Forecasts be Part of Your Finance Process?

Posted by Deborah Jelley

Sep 30, 2014 10:00:00 AM

rolling_forecast

What is a rolling forecast and why would you go to the trouble of changing your budgeting and forecasting model to accommodate one?

Rolling forecasts...

  • Provide management with a 12- to 24-month outlook from the current period
  • Emphasize key business metrics and are produced fairly rapidly
  • Extend beyond calendar or fiscal periods and are typically updated with blended actuals data
  • Are prepared on a regular basis at pre-determined times and are not usually tied to budgeted performance metrics
Read More

Topics: Budgeting and Forecasting, Business Intelligence, Cloud ERP, Finance Best Practices

Value of a EPM Checkup a Year After Your System Goes Live

Posted by Deborah Jelley

Sep 3, 2014 9:00:00 AM

A Year Later…

So it’s a year after your new EPM (Enterprise Performance Management) system went live. You are preparing for the budget season and are wondering if your new system might need a little tune up. As with a new car where an oil change is recommended at 3,000-5,000 miles, it may be time to perform a checkup and make sure your EPM system is running as efficiently and effectively as possible. 

Read More

Topics: Consolidation and Close, Budgeting and Forecasting, Financial Reporting, Cloud ERP, Enterprise Performance Management (EPM)