Welcome to Tagetik’s new blog dedicated to Corporate Performance Management (CPM) and to the Office of Finance. With this blog we will share our insights and experiences that we’ve gained over the 20 years of implementing, assisting and listening to hundreds of clients, from all different industries, across the world.
Over the years SAP has made a significant shift from solely an applications company to an applications/technology company. It’s combination of ERP, Portal, and middleware innovations, like Netweaver and HANA, makes the SAP ecosystem a place where independent Corporate Performance Management (CPM) solutions can not only survive, but thrive
The current corporate reporting framework needs to evolve to reflect the wide range of factors that affect corporate performance. The current focus on an organization’s financial statements is insufficient to provide a positive answer to the critical question: “what is the value of the organization?” Financial reporting covers both financial performance and risk, and this will remain an important part of the corporate reporting scope. It is, however, insufficient by itself to provide all the information users now need for informed, rational, and high quality decision-making.
Integrated Business Planning (IBP) is a topic that is dominating discussion among supply chain professionals – particularly those that seek to make Sales and Operations Planning (S&OP) more financially focused.
Regulatory reporting requirements are something all industries have to contend with. This is especially true for financial institutions; FinRep, CoRep and Pillar 3 of Solvency II are the most recent examples that banking and insurance companies need to comply with.
Let’s be honest, a close cycle can never be fast enough. Finance departments have had this as a goal for as long as there have been ledgers. And progress has been made, mainly though technological advances and the use of financial consolidation and reporting software. But over the past few years the cycles have begun to slow down again.