Measuring and monitoring business performance relies on a process of defining clear objectives, planning and budgeting, and evaluating progress at established intervals to ensure the company is keeping pace with their outlined objectives.
In doing so, businesses can be more opportunistic when leveraging beneficial trends, while also having the ability to mitigate business risk and operate a more successful company. Analytics play a vital role in this mission, and a recent whitepaper by Ventana Research entitled "
Despite some advances in the application of new costing techniques such as activity-based costing, are management accountants adequately satisfying the needs of managers and employee teams for decision-based cost information? Or is the gap widening? That is, are the accountants still just counting the beans, or are they helping to grow the beans?
There is a difference between what management
In case you missed it, a recent Forbes article named Host Analytics to its list of “Top 100 Analytics Startups of 2015.” In fact, Host Analytics was named on the list and received the highest growth score for any Enterprise Performance Management (EPM) provider.
The list is a virtual ‘who’s who’ of fast-growing analytics startups, including Domo, Mulesoft, Xactly, Sprinklr, and Sumo Logic, so we’re definitely in good company.
Forbes contributor Louis Columbus applied data analytics
It has to have access to data, the ability to integrate the data, and the power to analyze it for meaningful insights. Here is how data integration and analysis is critical to a successful EPM software system.
Big data isn't just valuable because it's large. The value lies in
An enterprise performance management (EPM) solution that allows you to scale upwards as your business grows, as revenue increases, and as you add more users will give you a far better ROI. What does it take to scale upwards? More powerful analytics is a key factor. This is how the right EPM solution handles more data, provides better insights, and drastically improved scalability.
As the business
In the last few decades, management accountants have made significant strides in improving the utility and accuracy of the costs they calculate and report. The gap is being caused by a shift in managers’ needs – from just needing to know what things cost (such as a product cost) and what happened – to a need for detailed information about what their future costs and profits will be