finance

The Best Part of the Annual Budget is When it is Over!

By Gary Cokins, Founder of Analytics-Based Performance Management LLC

Jeremy Hope (1948 – 2011) was a special type of management consultant and colleague who I highly respected. He started a revolutionary movement when he co-authored with Robin Fraser the book, Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap (Boston: Harvard Business School Publishing, 2003). Their basic message was that the annual budgeting process is so broken and dysfunctional that the best solution is not to reform it but rather to abandon the process altogether. (more…)

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See The Beauty in Your Plans

by Ivo Bauermann, Global Vice President and General Manager, EPM Solutions, SAP

The famous industrial designer Dieter Rams knew good design, dating back to the 1960s when he had major success at Braun. Even today, Apple’s products are heavily influenced by Mr. Rams’ designs (see this comparison). One of his key principles is that designers should eliminate the unnecessary, that good design emphasizes usefulness and disregards anything that detracts from it.
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Realizing a Tipping Point for Enterprise Performance Management (EPM)

By Gary Cokins, Founder of Analytics-Based Performance Management LLC 

When should an organization decide to implement one or more components of an enterprise performance management (EPM) system? To answer this we can learn a lesson from Malcolm Gladwell, a social scientist and author of the best-selling book The Tipping Point, who describes how changes in mindset and perception can attain a critical mass and then quickly create an entirely different position of opinion. (more…)

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Part One: Addressing the Fundamentals is Top Priority within Finance

by Malcolm Faulkner, Senior Director, EPM, SAP

In the opening blog for this new series, Technology Imperative for Financial Planning and Analysis, I will address two points that apply to most companies:

1.  Thinking they are behind the technology wave and
2.  Dealing with more fundamental issues
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Is Your Finance Organization a Big Data Dinosaur?

by Chris Grundy, EPM Product Marketing, SAP

By now, every finance executive is hyper-aware of the bevy of business intelligence tools that help collect and analyze Big Data – but many are just not equipped to leverage them. First, they need to grasp fundamental planning points by rethinking the approach to data and finance’s role in the business.

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