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

5 Ways to Improve Your Month End Close Process

Posted by Adib Khartabil

Jul 18, 2018 1:50:00 PM

The three legs to the stool: People, Process and Tools. This is borrowed from ITIL* (What is ITIL?) and is a set of detailed practices for IT service management (ITSM) that focuses on aligning activities with the needs of business, or in this case improving your month end close process. These practices can be applied to any activity by

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Topics: Consolidation and Close, Financial Reporting, Finance Best Practices

Your Financial Close Impacts Enterprise Performance

Posted by Steve Berry

Jun 25, 2018 12:15:00 PM

It’s not just the financial numbers that show how well you perform as an organization — but also how well and how fast you can obtain those numbers and how the financial close impacts EPM processes.

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Topics: Consolidation and Close, Cloud EPM, Oracle FCCS, Finance Best Practices, 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)

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, Finance 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)