Adaptation of mobile technology to distribute information and collect citizen feedback is a well-documented trend for state and local government in the last several years. Based on mobile industry reports, such as Rachael King in the CIO Journal who recently said, “The breadth of mobile usage is soaring,” and based on government agency future spending plans, the trend will likely continue for the next several years.
New research on Critical Capabilities for Corporate Performance Management Suites evaluates 12 vendors across 9 critical capabilities in CPM.
Manufacturers should be asking themselves one basic question: what’s the value of these emerging IBP applications? And more specifically, the models that comprise them. What they’ll often find is that they are leaving significant value on the table that traditional CPM systems can’t support. Which will cause some to ask, is it time to replace our CPM systems?
When my son was 7 he very badly wanted a Transformers action figure, Optimus Prime, for his birthday. We, of course, bought it for him and watched with anticipation as he opened it and went to transform Optimus into a truck…
As more and more companies focus to increase their productivity and the overall performance of their organization, it is important for them to realize that performance management is at the heart of their success. This means ensuring alignment of the entire organization with the strategic objectives of the organization and implementing a strategic performance management system fully…
One of the most inspiring insights of the INTEGRATED REPORTING (IR) framework is the set of guiding principles. This is the “magic” list, based on common sense, that we may use to evolve ourselves from strictly doing activities that “tick the box” to doing more exiting and added value ones. It’s not only improves our professional life but it is also a way to upgrade the personal life of our people.
Can we evolve the Finance job into an innovative activity? Yes we can.
Can we increase the number of corporate reporting users from just a few specialists to potentially everybody who is interested in our company? Yes we can.
Can we transform our financial statement from a boring encyclopedia into a business tool able to increase the value of our capitals? Yes we can.
What’s the biggest barrier to business innovation in today’s world?
It’s not lack of opportunity
Big changes in the world mean big opportunities for the companies that can take advantage of them.
The banking industry has a reporting issue. The traditional systems that have been in place for years continue to serve their purpose, but are not designed for today’s banking reporting needs. Traditional Asset & Liabilities Management (ALM) systems are designed to do risk assessment for the institution and have a complete listing of the banks instruments, while some banks have a separate system for tracking the individual instruments. The General Ledgers (GL) have all the standard accounting information needed to run the business. When it comes time to do reporting, such as the Y-9C or Call Reporting, the finance department needs information from them ALL.
BPM systems are highly demanding in terms of scalability, traceability, serviceability and security. This results in a plethora of technical questions and requirements which simply ask too much of a typical business division. Why should a business user concern himself in detail with these sorts of questions, given that solving the problems they raise frequently extends far beyond his area of influence?