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.

Read More

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

Read More

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

Read More

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