Passion for finance

Most Popular

Exceptional EPM Systems are an Exception

Quite naturally, many organizations over-rate the quality of their enterprise and corporate performance management (EPM / CPM) practices and systems. In reality they lack in being comprehensive and how integrated they are.

Thoughts from a Planning Software Panel

According to Ventana Research, budgeting and planning typically eats up 10 to 15 percent of finance staff time; the process can take up five to eight months to complete in large organizations. 60% of companies still rely primarily on spreadsheets for budgeting and planning processes, despite technology advances.

The dream of unifying IFRS and GAAP is dead

While a grandiose and well-intended idea, the idea of the US joining the IASB and creating one IFRS accounting standard is dead.

HP would have benefited from strong CPM

HP, the world’s largest technology company, has decided to split into two companies. It reminded me that when a company embarks on a major change to its business, either through acquisition, or in this case splitting up, a strong CPM solution is vital to facilitate the discussions prior to the final decision being made.

CPM Whack-a-Mole

The popular game Whack-a-mole is similar to what often happens when a company is looking for a CPM solution. That's why companies are back in the market 2 years after implementing a solution because it didn’t scale the way they expected, or it couldn’t handle new acquisitions, it couldn’t be extended to handle additional processes or it had to be completely redone to accomplish meet new analysis or reporting needs.