CFO Research in partnership with Host Analytics recently conducted a survey of financial professionals. The result of the survey is the eBook - What CFOs Need to Know about Enterprise Performance Management. This eBook explores a number of issues for CFOs to consider about cloud-based EPM solutions including:
Below is the introduction of the eBook -
According to a July 2017 survey by CFO Research and Host Analytics, finance departments are under mounting pressure to deliver budgeting, planning, and forecasting (BPF) data more rapidly, and to integrate the processes involved in BPF across the enterprise.
Nearly 75 percent of senior finance executives that responded to the survey say they face rising pressure to more tightly integrate BPF processes and to deliver financial data faster; while 79 percent say that the demands on them to improve collaboration among key decision makers are increasing. It’s clear from the survey that finance
This is also a good time to evaluate your approach to budgeting, planning, and reporting, and to think about how you can improve. Are you struggling through these processes with spreadsheets and email? Is your organization held back by outdated, legacy budgeting or reporting applications? If so, maybe it’s time for a new approach.
Host Analytics recently sponsored a series of webinars focused on
The goal of driver-based planning is to focus business plans on the factors that are most critical to driving success, then creating mathematical models that enable managers to run scenarios based on these drivers to understand the impact on projected business results.
For example, driver-based planning can be useful in long-range strategic planning, where Finance executives
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
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