• Making the commitment to reduce reliance on Excel, or legacy applications, and moving to packaged enterprise performance management (EPM) solutions for processes such as budgeting, planning, financial consolidation, and reporting is a step in the right direction. 

    However, some organizations fall into the trap of selecting an EPM solution that only meets their immediate needs and doesn’t support future requirements.  By thinking about current and future needs when evaluating and selecting EPM solutions, organizations can avoid costly replacements and get a higher ROI from their EPM

    Posted by on August 17, 2017
    Topics: EPM
  • As the final days of summer tick away, many organizations are beginning to think about their planning and budgeting for the 2018 fiscal year. What's your approach?

    Is your organization still plagued by a long, detailed, and painful annual budgeting process?  Do you spend most of the year explaining variances against a budget that was obsolete shortly after it was approved?  If your answer to these questions is “yes,” then it may be time to embrace the concept of “continuous planning.”

    This was the focus of a recent webinar sponsored by Host Analytics titled “Continuous Dynamic Planning: The

    Posted by on August 15, 2017
    Topics: Budgeting
  • The concept of enterprise performance management (EPM) has been around for over 15 years.  But in recent years, adoption of EPM software has been accelerating as the availability of cloud-based EPM solutions has made EPM more accessible to small and medium enterprises, as well as large ones. 

    Read on to learn about the benefits of EPM software and the top 3 reasons EPM is moving to the cloud.

    What Is EPM?

    Enterprise performance management (EPM) is a process and software system designed to help organizations (i.e., companies, government entities, educational institutions, and non-profits)

    Posted by on August 10, 2017
    Topics: EPM
  • Both financial reporting and management reporting play an important role in pubic as well as privately held companies.  

    Need a refresher on the major differences?  Here’s a quick breakdown, including how companies use the deliverables of both, together, to drive improved performance.

    Differences in Audiences, Content, and Frequency

    Financial reporting is focused on the disclosure of financial results and related information to internal and external stakeholders about how a company is performing over a specific period of time.  Financial reports are usually issued on a quarterly and annual

    Posted by on August 9, 2017
  • It’s that time of year.  Come September, many organizations will begin the budgeting and planning process for 2018.  What’s your approach going to be? 

    Will your organization be slogging through a long, detailed budgeting process?  Are you still managing the business based on static budgets that are obsolete soon after approval?  Or are you ready to embrace “continuous planning”?

    This will be the focus of an upcoming August 10th webinar sponsored by Host Analytics titled “Continuous Dynamic Planning:  The CFO’s 2018 Mandate.”

    It’s not too late to change!  Don’t let your 2018 budget be a

    Posted by on August 8, 2017
    Topics: Budgeting
  • For many organizations, the budgeting and planning process is the initial driver for adopting packaged enterprise performance management (EPM) applications. 

    Purpose-built EPM applications for budgeting and planning include workflow, process management, and other pre-built functionality designed to streamline budgeting, planning, and forecasting. 

    And for many organizations, financial consolidation is often viewed as a separate process and system  that may be required when the reporting requirements become more complex.  This can include consolidating financial results from multiple systems

    Posted by on August 3, 2017
    Topics: Budgeting