• During this era marked by advanced technologies, businesses are utilizing every advantage available to gain the greatest efficiency and affordability they can find.

    It comes as quite a surprise, then, that so many enterprises continue to rely solely on spreadsheets for their financial and operational modeling, despite the challenges that can arise with Excel. Here are some of the core issues with spreadsheet-based modeling and how you can progress toward a system that offers greater efficiency and agility.

    Spreadsheets Make Collaboration Difficult

    We live in a time where business has become

    Posted by on September 8, 2016
  • Financial and operational modeling can be used to visualize a variety of business scenarios, based on different business drivers.  This allows companies to gain deeper insights into the ways each decision will affect their businesses.  

    Performing these “what-if” scenarios is imperative to better understanding the impact of each financial decision or investment. In turn, companies make smarter business decisions.

    What Is What-If Analysis?

    Rather than creating a budget or a forecast based on past results, forward-thinking companies will strategically analyze what “could” happen in the future

    Posted by on July 6, 2016
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    HEAT Software is a Cloud Service Management (CSM) and Unified Endpoint Management (UEM) software company that supports a variety of core enterprise functions to improve the efficiency of business processes.

    It's the product of two companies, FrontRange and Lumension, that merged in February of 2015. HEAT was in search of a software package that could easily meet their needs for detailed headcount planning and modeling, but they were having difficulty finding a software application that would support their growing business model.

    The Difficulties HEAT Software Was Encountering

    HEAT Software

    Posted by on June 2, 2016
  • For accurate and agile budgeting, forecasting, modeling, and reporting, enterprises need to think outside of Excel’s limited dimensional framework and move toward cloud technology that can truly handle multi-dimensional views.

    Within any enterprise, financial and operational data includes a host of variables and is required to be analyzed in a variety of ways.  These variables are what we call dimensions and are items such as products, departments, legal entities, accounts, scenarios, regions, time…and the list goes on and on.  In order to perform this complex analysis of the data,

    Posted by on March 30, 2016
    Topics: EPM
  • In order for businesses to create detailed, accurate financial forecasts, the forecasts need to be based on current and fully integrated financial and operational data.

    A recent whitepaper entitled, "Cloud-Based Modeling Helps Operations to Manage Performance and Plan its Future," delves into the need for advanced modeling capabilities and talks about the ways cloud-based EPM modeling software can facilitate greater accuracy and attention to detail.

    Governance and Organization

    The cloud enables more accurate and efficient modeling.

    While spreadsheets have always been popular for modeling,

    Posted by on March 16, 2016
  • Accurate financial modeling is a difficult endeavor, and yet it remains imperative to the financial budgeting and planning of businesses.

    For fast-growing businesses, modeling requires agility, updated data, and the ability to create complex mathematical models. Yet rapidly growing businesses often find it tricky to generate precise models that will effectively inform their financial planning.

    Druva, a company specializing in converged cloud-based data protection, was experiencing rapid growth and found it difficult to produce accurate financial models for their business. As a cloud-based

    Posted by on January 27, 2016
    Topics: EPM