Think of EPM as a Service, Not a Product

Posted by Steve Berry

Feb 13, 2020 12:45:06 PM

Whether you think of EPM as a service or product says a lot about whether you want to drive change or let change drive you, and also whether you’ll accept less than the best.

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Topics: EPM Support, Cloud Hosting, Technology Insights, Cloud EPM, Managed Services, Enterprise Performance Management (EPM), Oracle Products

Why Brand Matters When Buying EPM

Posted by Steve Berry

Jan 30, 2020 2:04:39 PM

There are many reasons to choose one brand over another, such as features, longevity, and price. But when choosing an EPM solution, the brand itself may be the best reason.

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Topics: EPM Support, Cloud Hosting, Technology Insights, Cloud EPM, Managed Services, Enterprise Performance Management (EPM), Oracle Products

EPM Is Most Secure in the Cloud

Posted by Steve Berry

Jan 22, 2020 11:59:48 AM

It’s easy to believe that running your financial systems in your own facility is more secure than running them in someone else’s. The truth is just the opposite, especially for EPM.

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Topics: EPM Support, Cloud Hosting, Technology Insights, Cloud EPM, Managed Services, 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)

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)

Cloud EPM’s Unintended Benefits for Finance

Posted by Steve Berry

Apr 5, 2018 2:50:27 PM

Sure, moving to a cloud EPM solution should save money, make IT more efficient, and better synchronize cash flow with expenses. But the real benefit is better finance.

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Topics: Cloud Hosting, Cloud EPM, Risk and Compliance, Finance Best Practices

Should you use OpEx or CapEx for your EPM App Investment?

Posted by Deborah Jelley

Mar 15, 2018 9:22:00 AM

The recent passage of the 2017 Tax overhaul bill has brought this question back to the forefront for companies looking to invest in EPM solutions. We recommend that using Managed Application Hosting (MAH) in the cloud, which is funded, via operating expenses (OpEx) through a monthly subscription, is the right direction. Trying to develop and maintain an on premises EPM application, like Oracle’s Hyperion Planning and HFM, despite having faster write-down Capital Expense (CapEx) options available would cost more in

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Topics: Cloud Hosting, Cloud EPM, Managed Services, Finance Best Practices

10 Questions to Ask an Oracle EPM Cloud Provider

Posted by Steve Berry

Mar 7, 2018 9:17:28 AM

Given all the Oracle EPM Cloud providers you might partner with, developing a short list could seem like a daunting task. These 10 questions will speed things up considerably.

For almost any type provider, the selection process usually starts by asking the right questions to filter out less qualified candidates and save the time of qualifying them further. That’s certainly true when selecting the company that will implement and support

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Topics: Cloud Hosting, Cloud EPM, Managed Services

How SMBs Find EPM Implementation Happiness

Posted by Steve Berry

Mar 1, 2018 1:18:00 PM

If you are an SMB that’s put off implementing EPM because you think the task would just be too costly and overwhelming, you may actually be taking a big and unnecessary risk.  

When it comes to orchestrating successful enterprise performance management (EPM) implementations, small and mid-sized businesses (SMBs) face challenges that larger organizations don’t — like smaller budgets and smaller staffs. SMBs are more vulnerable to

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Topics: Cloud Hosting, Managed Services, Implementation or Upgrade