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  • accounting EPM Finance Risk Management Strategy Tech Financial Risk Systems — So Nineties. Why Are They Back?

    Financial Risk Systems — So Nineties. Why Are They Back?

    …some firms have found that tactical approaches — doing just enough to meet the reporting requirements — have not been sufficient for increasing regulatory demands or the needs of internal business users.

    Apparently risk wasn’t entirely solved during the 1980s and 1990s when big systems went into banks from Algorithmics, SunGard and other major players. SAS recently ranked in the upper right quad of a Chartis report on risk systems, along with Algorithmics, now part of IBM; Moody’s analytics; SunGard and Oracle.

    An Austrian bank took the tactical approach to create reports from existing infrastructure, Rogers said by way of example.

    “But tactical can mean not necessarily considering all the elements you need. You meet the reporting for your regulator, but you don’t have the long term infrastructure to extend those reports to areas you really want to work on for stress tests, capital planning or overall risk management reporting.”

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  • accounting EPM Featured Finance Management Tech What CFOs Need to Know About the Cloud

    What CFOs Need to Know About the Cloud

    “The Cloud” has become one of the hottest buzz topics in the industry this year, and what started out as a topic mostly of interest to IT executives is quickly moving to the radar screen of CFOs and Finance Executives.

    Some of the advantages of cloud-based applications include improved time to value, reduced up-front costs, leveraging 3rd party skill sets and having a scalable environment to support future growth. Some of the considerations and risks include security, performance, integration of cloud-based applications with on-premise systems and long-term costs of ownership.

    Find out more here.

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  • EPM Management Strategy 3 (Incredibly Simple) Questions The Most Successful People Use To Change The World

    3 (Incredibly Simple) Questions The Most Successful People Use To Change The World

    I’ve heard it said that the most brilliant business ideas are often the simplest. From my experience, it’s true. In fact, when I am fortunate enough to receive sage advice from a famously gifted person, I’ll often ask myself, “Why didn’t I think of that?” So here I humbly share with you a winning formula that I see leaders use again and again and again…to change the world. Use this formula the next time you feel stuck—whether you are trying [...]

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  • EPM FYI How Creative Is Your Team?

    How Creative Is Your Team?

    Are you creative? Try this simple test…

    The well-known known illusion above can be seen in two ways: as both a duck and a rabbit. Which do you see first? And if you see one, can you also see the other?

    Most people see the duck first and can flip between the two representations, but the question is: how easy is it for you to flip between them? Does it require real mental strain, or can you do it at will?

    Wiseman et al. (2011) had a hunch that the ability to flip between representations is related to creativity.

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  • Biz Intelligence EPM Tech But What Type of Big Data Works in Classrooms?

    But What Type of Big Data Works in Classrooms?

    There’s big talk these days about “big data” in education—looking for patterns of behavior as students click through online classrooms and using the insights to improve instruction. One start-up company that manages online discussion forums for thousands of courses recently performed its first major analysis of behavioral trends among students, and found what its leaders say amounts to advice for instructors.

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  • Biz Intelligence Featured Marketing and Sales Analytics Quantify and Measure CSR initiatives and Cause Marketing using Web Presence Analytics

    Quantify and Measure CSR initiatives and Cause Marketing using Web Presence Analytics

    Corporate Social Responsibility (CSR) initiatives bring a variety of advantages to business, from increased awareness to alliance with community causes, health and safety and further definition of your brand while benefiting society. But in order to continually improve returns, campaigns need to be analyzed from a social media perspective.

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  • Careers FYI Give It a Break (It’ll Enhance Your Memory)

    Give It a Break (It’ll Enhance Your Memory)

    If you find it difficult to remember what you’ve read, try giving the memory time to consolidate.

    I have a great memory for books I’ve read on trains.

    I always thought this had something to do with the nature of train travel: the rocking of the carriage, the rhythm of the stops, the continually changing picture window. Perhaps the combination of all these helps induce a focus which is harder to achieve in familiar circumstances.

    Or perhaps the answer is simpler.

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  • Biz Intelligence EPM Featured Finance Risk Management Tech Making Disparate Data Meet Business Needs

    Making Disparate Data Meet Business Needs

    To help financial services firms meet the costs of complying with regulatory requirements, PwC has announced a business alliance with Pneuron, a specialist in the business use of data.

    “We can take data from any source or legacy technology and make it globally available, reliable and interoperable with any other source or technology,” said Simon Moss, Pneuron CEO. “This fundamentally changes the playing field of enterprise business competitiveness.”

    Financial firms are spending 70 percent of their IT budgets on maintenance of existing systems, leaving little scope for innovation, Moss added. Meanwhile, regulators are demanding more transparency and faster reporting. In every new project, whether developed to improve customer service, innovate or to meet regulatory requirements, firms have to find the relevant data.

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