Five EPM Cloud Migration Mistakes to Avoid

Posted by Steve Berry

Sep 12, 2019 1:53:34 PM

In leveraging the cloud’s economies of scale, EPM presents unique opportunities and risks. The biggest risk occurs when the migration is just about moving EPM to the cloud.

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Topics: EPM Support, Technology Insights, Cloud EPM, Finance Best Practices, Finance Operations, Oracle Products

How EPM Boosts Marketing’s Performance

Posted by Steve Berry

Aug 29, 2019 10:07:10 AM

By replacing spreadsheets and integrating data from sales, operations, and supply chain, EPM gives marketers the needed insight to manage price, product, promotion and place.

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Topics: EPM Support, Technology Insights, Cloud EPM, Finance Best Practices, Finance Operations, Oracle Products

Compliance Calls for Active Application Management

Posted by Steve Berry

Aug 1, 2019 12:47:54 PM

You’ve heard that the only thing that never changes is change itself. Another constant is the need to be compliant. That’s why application management must be active.

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Topics: Technology Insights, Risk and Compliance, Finance Best Practices, Finance Operations, Managed Application Services (MAH)

Your Annual Financial System Health Checkup

Posted by Steve Berry

Jul 18, 2019 2:07:15 PM

Even people who believe they are in good health should get an annual physical exam. The same goes for the technology ecosystem keeping your company’s financials alive.

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

Plans, Budgets, Forecasts — What’s the Difference?

Posted by Steve Berry

Jul 5, 2019 12:16:24 PM

Although they may seem similar, the three phases of financial management — planning, budgeting, and forecasting — are significantly different and yet highly interdependent.

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Topics: Budgeting and Forecasting, Technology Insights, Finance Best Practices, Finance Operations

SaaS or Cloud? Which Is Better?

Posted by Steve Berry

Jun 20, 2019 1:26:19 PM

Although the two terms are often used interchangeably, there is a big difference between software as a service and cloud. The difference is especially important for finance.

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Topics: Technology Insights, Backup and Recovery, Managed Services, Risk and Compliance, Finance Best Practices, Finance Operations

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

An Out-of-the-Box Consolidation and Close Process

Posted by Steve Berry

Jul 12, 2018 10:42:00 AM

Compared to Excel-based manual processes, Oracle Financial Consolidation and Close Cloud Service (Oracle FCCS) dramatically reduces the time and effort needed to do a financial close. 

At Strafford we like to think of the Oracle Financial Consolidation and Close Cloud Service (FCCS) as an out-of-the-box consolidation and close process. That’s because, unlike

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Topics: Consolidation and Close, Oracle FCCS, Finance Operations

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)