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All blog posts

Don’t Settle: Get the Best of Both Worlds

Discover how to take advantage from both Excel spreadsheets and CPM systems

Performance Management


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Risk Management at Astaldi (Part Two)

Discover the role CCH Tagetik plays in Astaldi’s Risk Management

Performance Management Reporting & Compliance


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When It Comes to Your CPM Solution, Versatility Matters

Discover why CCH Tagetik is the strongest utility player in the corporate performance management market

Performance Management


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Don’t Panic over IFRS 17!

Discover more on new IFRS 17 requirements and why CCH Tagetik can be your best solution

Performance Management Reporting & Compliance


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Selecting the Right CPM Solution: Agility and Flexibility Are Key Evaluation Criteria

Discover the key questions you should focus on to choose the right CPM solution for your company’s needs

Performance Management


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The analytics and its application for modern finance

An interview with Larysa Melnychuk, Managing Director of FP&A Trends and the Founder of International FP&A Board

Performance Management Business Intelligence & Analytics


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CCH Tagetik: The Jose Altuve of CPM Software

Learn why CCH Tagetik resonate so well with Altuve's storyline

Performance Management


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It Takes Two to Tango: The SAP and CCH Tagetik EPM Revolution

A strong partnership to make the dream of real-time EPM come true

Performance Management


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CCH Tagetik Consolidation: Simple, Fast, Transparent

The benefits of using CCH Tagetik for Consolidation

Consolidation & Closing


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Risk Management at Astaldi (Part One)

The importance to consider risk as an integral part of the business

Performance Management Reporting & Compliance


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Exploring Qlik Sense using CCH Tagetik as a source

The integration between CCH Tagetik and Qlik Sense

Performance Management Business Intelligence & Analytics Reporting & Compliance


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Process and System Design: A Key Component for a Successful Implementation

Discover the secrets to any successful CPM implementation

Performance Management


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Gartner’s Magic Quadrant for CPM: Reading between the Lines

How to take advantage of Gartner’s Magic Quadrant to select a Corporate Performance Management solution

Performance Management Cloud


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The Importance of Collaborative Reporting for Modern Finance

What to keep in mind to select an efficient reporting solution

Reporting & Compliance


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IFRS 16 and ASC 842: The Clock Is Ticking for Lease Accounting

How to make easier the transition to the new lease accounting standards

Disclosure Management Reporting & Compliance


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Measuring and Managing Customer Profitability

How to keep customers longer and acquire more profitable ones

Profitability Analysis


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When Should You Move Beyond Excel for Consolidation?

Key Indicators to signal when it’s time to move to an Advanced Consolidation Solution

Consolidation & Closing


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The Benefits of Working Prototypes

How KPMG and CCH Tagetik Collaborate to help Ensure Transformation Success

Performance Management Business Intelligence & Analytics


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Planning Done Right

A Holistic Approach to Budgeting, Planning and Forecasting

Budgeting & Planning Strategic Planning


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Don’t take the Basic Advantages of Consolidation in the Cloud for Granted!

You know that finance professionals are, typically, time-poor. Paul Littlechild, Group Financial Controller at the Arena Group, share his experiences of how moving to the cloud has completely transformed management and statutory reporting and shaved four days off the consolidation process.

Performance Management Cloud Consolidation & Closing


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Why Some CFOs are Unprepared for a New era of Self-Service Reporting

Learn why many CFOs and their senior executives aren’t ready for an era of self-service reporting despite a strong desire to implement it.

Performance Management Business Intelligence & Analytics Reporting & Compliance


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Corporate Performance Management: The Role of Managers, Stakeholders, and Software

Learn how managers and other stakeholders can easily see the up-to-the-moment status of performance goals with a CPM software

Performance Management Business Intelligence & Analytics Reporting & Compliance


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CCH Tagetik in Touch Comes to Montreal

Sessions designed around conference theme: Collaborate. Innovate. Elevate

Performance Management Business Intelligence & Analytics


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The Ingredients for a Successful, Long-Term Partnership

Team up to help the Office of the CFO. In order to win you always need the right mix: this is why CCH Tagetik partners closely with Cognizant.

Performance Management Business Intelligence & Analytics


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Three Trends That Should Be Shaping Your Plans

The CFO roles in today business environment are deeply evolving. Following are the 3 main factors identified through an Accenture research that will have a significant impact on them in coming years.

Performance Management Business Intelligence & Analytics


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Activity Based Costing and Enterprise Performance Management: How these Two Things Go Together

Today, entrepreneurs anticipate their market changes and make decisions within the corporate strategy guidelines. It is required an effective toolkit which provides accurate information to understand what has to be changed before launching any action plan. This is the reason why ABC seemed to be a promising response to the EPM needs, in the early nineties. How does this promise stand twenty five years later?

Performance Management Business Intelligence & Analytics


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The Journey to Cloud Adoption

Go beyond the common thought: cloud benefits are much more than cost savings. Discover how to build trust and develop an efficient and effective plan for the organisation’s cloud adoption journey.

Performance Management Business Intelligence & Analytics Cloud


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Sharing FP&A Knowledge: The International FP&A Board

We recently had the opportunity to talk with Larysa Melnychuk, founder and managing director of the International FP&A Board, a professional discussion and debate forum for senior finance practitioners. Following highlihts from our conversation.

Performance Management Business Intelligence & Analytics Reporting & Compliance


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What Can Historical Figures Teach Us About Enterprise Performance Management?

Achieving the full vision of the enterprise performance management (EPM) framework involves more than selecting one of its many methods, it requires individuals with talent and skills. Here is a list of famous people who exemplify the traits valuable to achieving that full vision.

Performance Management Business Intelligence & Analytics


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Want to Do More with CCH Tagetik? 5 Considerations for Increasing the Value of Your Investment

Discover if you may have untapped potential in the software you are using for your corporate performance management needs

Performance Management Business Intelligence & Analytics


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What’s Next After Solvency II Reporting?

Use Analytics to take advantage of reporting data. Learn more on our business ready solution that could immediately bring value to our clients.

Performance Management Business Intelligence & Analytics


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Narrative Reporting: Excel and Reporting Tools Come Up Short

Read our survey on financial reporting and discover the most recent trends and challenges within the Office of Finance

Performance Management Disclosure Management Reporting & Compliance


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Michelangelo and the Art of the Financial Reporting

Lessons from Michelangelo. A must-reed story about innovation, courage and reinvention. Learn how to work to the full potential using the tools needed to manage any hitch, from the smallest reporting detail to the structure of the documents, to the overall performance of their business.

Performance Management Consolidation & Closing Disclosure Management


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A Successful Unification of Global and Local

Discover how the group has reduced the number of its applications from seven to one while saving 50% of data processing time.

Performance Management Business Intelligence & Analytics Budgeting & Planning Consolidation & Closing Reporting & Compliance


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Forrester`s Practical Alternative to RFPs

Insights from Forrester to better evaluate Enterprise Performance Management offerings.

Performance Management Business Intelligence & Analytics


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3 Ways to Win Your End Users

Every software implementation is made up of 3 components: technology, process and people. Discover the 'secret sauce' to to win over your end users.

Performance Management Business Intelligence & Analytics


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#ThinkBigActBigger

Sharing Tagetik 2016 achieved results and 2017 goals in beautiful Budapest

Performance Management Business Intelligence & Analytics


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Do You Use Your Own Software? A Question You Should Ask Every Vendor

When using the software you make to work out the kinks allows to anticipate customer needs and stimulate a visionary perspective

Performance Management Business Intelligence & Analytics


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The Clock Keeps on Ticking for Regulatory Requirements

The Role of Technology in Meeting Regulatory Requirements and Reporting Changes for Financial Services

Business Intelligence & Analytics Disclosure Management Reporting & Compliance Financial Services


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Why Is Solitude the Secret to Enterprise Performance Management (EPM)?

Enterprise and corporate performance management (EPM/CPM) methods imbedded with business analytics are a hot topic. Will they stay hot? Or are they a business improvement fad, like the quality control circles in the 1980s?

Performance Management Business Intelligence & Analytics


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Don`t Be Seduced by Speed

While a selection consideration, top processing speed shouldn’t be a primary criterion. Find out the best criteria for selecting a CPM software solution.

Performance Management Business Intelligence & Analytics


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Has Budgeting in Excel Turned you into Scrooge This Holiday Season?

Research shows budgeting and planning still painful for most companies. Even large enterprises still use spreadsheets for budgeting, with no documented governance or control processes

Performance Management Budgeting & Planning


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A Holiday Gift: A Lesson in Budgeting and Planning from Santa

“A proper planning prevents from failure”, Santa says. “If I not perfectly plan my tasks, I could never deliver the toys in time”. That’s why his motto is “An ounce of prevention is worth a pound of cure.”

Performance Management Budgeting & Planning


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Fourteen Years Later, No Regrets

When Astaldi implemented CPM software in 2002, the company was taking a huge leap of faith. Read the lessons learned and advantages gained by this early adopter.

Performance Management Business Intelligence & Analytics Budgeting & Planning Disclosure Management Reporting & Compliance


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Enterprise Performance Management from C-Suite Future Diaries

What might C-level executives write in their diaries in the future? My crystal ball is crystal clear. Seven years from now in 2023 here are the personal diary entries of the executives of a fictitious corporation reflecting on their experience implementing EPM methods.

Performance Management Business Intelligence & Analytics Budgeting & Planning Disclosure Management Reporting & Compliance


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Be Like Water my Friend. A Bruce Lee Approach to Corporate Performance Management

Empty your mind and be inspired by this Bruce Lee approach to be formless and shapeless, like water!

Performance Management Business Intelligence & Analytics


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A Circle of Blame for Failure – Part II

Here is a fictitious story. But how true could it be? The long journey to determine who is at fault when your loss unexpectedly doubled each quarter. Lessons Learned.

Performance Management Budgeting & Planning Consolidation & Closing Disclosure Management Reporting & Compliance


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A Circle of Blame for Failure - Part I

Here is a fictitious story. But how true could it be? The long journey to determine who is at fault when your loss unexpectedly doubled each quarter.

Performance Management Budgeting & Planning Consolidation & Closing Disclosure Management Reporting & Compliance


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Eliminating IC Profits in Inventory: The Challenge of IFRS 10 - B86(c)

Eliminating profits on intragroup transactions that are recognized in inventory can be a real challenge to the office of finance. How a consolidation software solution can be utilized to address this challenge.

Performance Management Consolidation & Closing Disclosure Management Reporting & Compliance


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Regtech: "How Compliance Investments Can Improve Business Performance"

How regulatory technology is improving the entire reporting process, helping companies to better understand their compliance risks

Performance Management Disclosure Management Reporting & Compliance


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Predict the Future with a Rolling Approach to Budgeting, Planning and Forecasting

Benefits of using a flexible budget with rolling forecasts rather than the traditional annual budget

Performance Management Budgeting & Planning


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John Hancock Details Experience with Tagetik

An interview with Jeff Nataupsky on the financial software that speeds up final changes and provides special functions

Performance Management Disclosure Management


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Stitching Together a Better Consolidation and Reporting Solution

Read the Bristol Bay Native Corporation experience and just think on what you could do with all that free time not spent manually processing report data

Performance Management Consolidation & Closing


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Why should CFOs Care about Digital Self-service Reporting?

How to make your financial storytelling faster, easier, personalized and intuitive: an experience from the field.

Performance Management Disclosure Management


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Don`t Get Caught on the Hop. Be Prepared for the New IFRS 9 Standard

Facing the upcoming requirements for calculating loss provisions

Performance Management Reporting & Compliance


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Now What? How “Finding Nemo” Can Inspire Us to Manage Info in a Better Way

Your numbers are talking...are you listening?

Performance Management Business Intelligence & Analytics Disclosure Management Reporting & Compliance


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Bend It Like Brexit: Navigating Uncertainty in a Post Brexit World

When the only certainty is uncertainty, the best way you can prepare is being certain that your financial processes and business operations will help you prepare and support you in your decision making before any maddening changes come to fruition.

Performance Management Business Intelligence & Analytics


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Dissatisfied with Finance Analytics? Maybe your Analytic Tools are Part of the Problem

Exploring the differences between OLAP and ROLAP to understand the basics you need when selecting the analytics tool that best meets your business requirements and expectations.

Performance Management Business Intelligence & Analytics


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IFRS 17 - Are you Ready to Take Action?

As IFRS 17 moves closer to its “go live” date, CFOs and the Office of Finance will feel the pressure to increase efficiency and achieve a higher level of integration between finance, actuarial and risk processes. This begs the question: will you be prepared for action? Or stuck in reaction?

Performance Management Reporting & Compliance


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Smart Payroll Planning and Monitoring

A management decision about human resources, new hirings, increases, bonus plans, will have an impact on the current year as well as on all subsequent financial years. Overall, companies can statistically determine where they are heading, but when you break things down, into business units in particular, the answers are less obvious.

Performance Management Business Intelligence & Analytics Budgeting & Planning


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Are Two Gartner CPM Magic Quadrants Better Than One?

Two Quadrants, Twenty Vendors, a Lot of Variables. CFOs have more options for Corporate Performance Management than ever before.

Performance Management Business Intelligence & Analytics Cloud


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Enterprise Performance Management as a ‘West Side Story’

An interesting comparison between a Broadway musical and an EPM/CPM system. Read what are the essential parallels according to Gary Cockins.

Performance Management


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In Case of Fire Break Glass: When you Might Need to Hire a Single System Administrator - Part II

Let’s discover the 3 fundamental variables to consider when choosing your SSA

Performance Management Business Intelligence & Analytics


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In Case of Fire Break Glass: When you Might Need to Hire a Single System Administrator - Part I

The Single System Administrator is a hybrid figure combining accounting, planning and control skills most closely linked to the management of CPM to support the CFO and all the system users. They are not consolidators, nor are they system engineers…

Performance Management Business Intelligence & Analytics


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Are you Ready to Deal with Uncertainty of Brexit?

Risks and benefits of Brexit. How should finance functions respond to change and uncertainty on such an unprecedented scale?

Performance Management Business Intelligence & Analytics


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Finance`s Role in Driving Profitability

Achieving profitability is hugely challenging in today's complex, highly volatile, and global business environment. Discover how to meet your expectations.

Performance Management


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The CFO’s New Competitive Challenges

Today's CFOs face more challenges, and more opportunities, than ever before. CFOs are constantly under pressure to be more forward looking and strategic yet the tactical demands placed on the Office of Finance continue to expand. How can today's CFO reconcile these two conflicting trends?

Performance Management


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The Budget Paradise Part 2

Read the last part of the budget journey and discover how to transform your budget into a Paradise!

Budgeting & Planning


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The Budget Paradise Part 1

Welcome to the Budget Paradise! The budget journey continues and We will meet heroes of finance that had made it to Paradise.

Budgeting & Planning


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2016 Marks a Changing of the Guard in the Gartner Magic Quadrant for CPM

This year Gartner has split the Magic Quadrant for Corporate Performance Management into two separate reports. Does this signal a changing of the guard in CPM?

Performance Management


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The New IFRS Wave – Not to be Underestimated

Read this post to discover why the new IFRS 9, 15, 16 require significant work from the corporates

Performance Management Reporting & Compliance


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IFRS 9: Insights into the Critical Aspects of the New Accounting Standard - Part II

Get ready for the new IFRS 9 accounting standard: a deep dive into the basic principles going on in the discussion around the 3 pillars.

Performance Management Reporting & Compliance


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IFRS 9: Insights into the Critical Aspects of the New Accounting Standard - Part I

Get ready for the new IFRS 9 accounting standard: a deep dive into the basic principles

Performance Management Reporting & Compliance


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5 Causes Of Cumbersome Corporate Reporting

Corporate reporting in some cases is a cumbersome exercise – but it doesn’t have to be. Read this blog post to find some key causes of cumbersome corporate reporting.

Reporting & Compliance


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The Shift to Predictive Accounting – Part II

This blog post will discuss how to close the gap between financial and managerial accounting.

Performance Management Budgeting & Planning


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Planning Can Be Complex….and Why Not?

Today’s planning systems are and need to be advanced enough for businesses competing in the digital economy that need the ability to handle complexity, diversity and volume without having to worry that their system might run out of ‘steam’.

Performance Management Budgeting & Planning


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How Technology Can Strengthen the Relationship between CFOs and CEOs

The second blog post of the series around the CEO's mind. Follow Manuel Vellutini revealing the value of the ongoing collaboration with his CFO.

Performance Management


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How not to Get Lost in the Regulatory Jungle

Have you ever felt to be a looser in the regulatory requirements game?

Reporting & Compliance


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The CFO, a Real Strategic Partner for the Company

How CFOs can have permanent access to a single version of the truth that becomes dynamic, reconciled and aggregated

Performance Management Cloud


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The Shift to Predictive Accounting – Part I

Let’s examine the broad landscape of accounting in order to understand the widening gap between what the CFO and accountants report and what internal managers and employee teams want and need.

Performance Management Budgeting & Planning


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Standard Business Reporting to become mandatory in the Netherlands starting with Year-End 2016 Reporting

Standard Business Reporting (SBR) is a worldwide reporting standard that has now come to the Netherlands. What does this mean for your business? Read this blog post to learn more on SBR

Performance Management Reporting & Compliance


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Gartner BI and Analytics Magic Quadrant says BI has reached a Tipping Point. What does this mean for CPM, EPM and CFOs?

In February Gartner published the 2016 version of the Magic Quadrant for Business Intelligence and Analytic Platforms. It included a redefinition of the criteria resulting in 'significantly reordering the vendor landscape'.

Business Intelligence & Analytics


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How Manageable is your Budgeting and Planning Solution?

Read Jan's 20 year expert analysis on Budgeting and Planning solutions for different organizations.

Budgeting & Planning


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Technology enables Integrated Reporting. Integrated Reporting enables Better Valuation (Part 2 of 2)

Read the second post on Integrated Reporting and learn more on the International <IR> Framework, produced by the IIRC, which defines a new direction for corporate reporting.

Reporting & Compliance


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Why Integrated Planning & Reporting?

Learn how to implement an integrated planning & reporting approach: start from changing people's mind-set, improve the process and adjust the systems to align people on plans.

Reporting & Compliance


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Technology enables Integrated Reporting. Integrated Reporting enables Better Valuation (Part 1 of 2)

Read Jyoti Banerjee perspective on Integrated Reporting and learn why it helps to communicate a clear picture of the value created.

Reporting & Compliance


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What’s a CDO? Who cares? If you are in Finance or IT, you Should Care

Why should finance care the Chief Data Officer

Performance Management


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Excel has its place in the budgeting and planning process

Nick Nesbitt explains why it is important to consolidate your planning systems to ensure efficiency and flexibility.

Performance Management Budgeting & Planning


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Is Corporate Modeling part of your planning process? If so, do you do it in Excel?

Modeling is done on financial or operational data and often at a very granular level and isn’t manageable in Excel.

Business Intelligence & Analytics


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CPM Top Five Hits

Alessandro Mantini (Mediaset) takes an ironic view of the people involved in the consolidation process by comparing each of them to a famous song... Find out which track best represents you!

Performance Management Consolidation & Closing


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2016: The Year of Big Data in Context

A series of blog post on data-related trends and the impact they are having on the Office of Finance by Marco Pierallini. The underlying theme of all these posts will be the importance of timely access to meaningful information, in context and with confidence.

Performance Management Business Intelligence & Analytics


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Collaboration – the cornerstone of integrated business planning

Collaboration in business planning is far more than the sum of the parts. The true value of collaboration comes from harvesting the different perspectives, ideas, experience and know-how of functional experts from across the business.

Performance Management Budgeting & Planning


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Big data for Finance, is it necessary? - Part II

There were interesting comments on the previous blog on this topic that provided some good food for thought on the topic.

Performance Management Business Intelligence & Analytics


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The Budget Purgatory - Part II

Going forward in the journey, we will meet the souls that believed in a better way and suffered through the budget exercise but fell short of Paradise. Follow me...

Budgeting & Planning


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A CEO’s Perspective of Finance Technology

A series of blog post around the CEO's mind. Follow Manuel Vellutini discovering the most useful Finance capabilities and processes from a CEO standpoint.

Performance Management


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The Budget Purgatory - Part I

We'll climb the mountain, purge our past sins and purify our budget process.

Budgeting & Planning


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Budget Season: Excel Turns the Office of Finance into Scrooge

Research Shows Budgeting and Planning Still Painful for Most Companies

Performance Management Budgeting & Planning


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Reporting 3.0 - The future of corporate reporting

Learn the various perspectives on the direction of corporate reporting coming from the Reporting 3.0 conference.

Reporting & Compliance


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Welcome to The Age of The Renaissance CFO

Something has to change if CFOs are going to close the gap between the expectations of their CEOs and the reality on the ground.

Performance Management


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Tagetik in Touch 2015: Technology Insights for Finance Champions

Using Technology to Empower and Elevate the Office of Finance

Performance Management


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Imperial UK Implementation - Week 3

This week we revisited the account hierarchy as the accounts dimension effectively contained elements of other dimensions within them.

Performance Management Budgeting & Planning


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Tagetik in Touch 2015: A Conference of Champions

More Than 750 Attendees from 30 Countries Gathered to Learn, Collaborate, and Network

Performance Management


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The Budget Inferno

A guided tour through the budget set to Dante’s Divine Comedy. We will visit different levels of the Inferno and meet the people that can make the budget such torture.

Budgeting & Planning


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Imperial UK Implementation - Week 2

Moving forward Imperial UK implementation: struggling with the historical data load process.

Performance Management Budgeting & Planning


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Design Thinking in Corporate Performance Management applications

Design Thinking is in large part a response to the increasing complexity of modern technology and modern business, and the challenge of having user interaction be simple, intuitive, and pleasurable.

Performance Management


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Trash-In Trash-Out (Part III)

Information is power. Transferring data on automated archives means sharing information, thus empowering your organization. But that also means loss of power. Legends tell us that mankind invented desk drawers to hide pieces of information that would be inserted manually on report on request...

Performance Management Consolidation & Closing


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Imperial UK Implementation – Days 3-5

Going forward in the implementation we constructed the statistical codes which did not exist in Tagetik and created an upload routine to enable us to populate the statistics. Keep on following.

Budgeting & Planning


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Trash-In Trash-Out (Part II)

How to build an information flow that fits the reporting needs of a company as well as the requirements of the system, in order to obtain the right information on time with the minimum spent in terms of human and corporate resources. Read the second part of my experience.

Performance Management Consolidation & Closing


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Imperial UK Implementation – Day 2

Day 2: let's move on with the project and set the product and department dimension and put the elements of the dimensions into meaningful hierarchies.

Budgeting & Planning


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Trash-In Trash-Out (Part I)

The evaluation of the overall performance of any CPM system often relies on the quality of the set of information which feeds those systems. In this article I will try to give a consistent vision to apparently chaotic pieces of advice generated by my experience as consolidation specialist in the past 10 years. Ten years in ten key points.

Performance Management Consolidation & Closing


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Imperial UK Implementation – Day 1

Day 1: discussions around dimensions. My normal approach the developing solutions, or working with them is to build a rough outline, try to test and break it and then make the real thing.

Performance Management Budgeting & Planning


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Imperial UK Implementation – Day 0

Imperial UK kick off implementation - Day 0: a one day deep-dive session exploring the product. How to cover off the group reporting, budgeting and forecasting cycles.

Performance Management Budgeting & Planning


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Blog part 3: I use my GL/ERP for Consolidation today – why change?

I must admit that this question is the most intriguing one for me. In order to answer this question honestly and with the utmost intregity (remember that I am in the Corporate Performance Management (CPM) software space) I would have to qualify my answer (like any true accountant would) and say “It depends”.

Performance Management Consolidation & Closing


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Blog Part 2: Why pick/change Consolidation solution now?

Read this post to discover what are the areas of concern with existing stand-alone consolidation solutions.

Consolidation & Closing


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Microsoft’s annual Worldwide Partner Conference

Recently I attended, with over 14,000 others, Microsoft’s annual Worldwide Partner Conference held at the Orange County Convention Center in Orlando, Fl.

Performance Management Business Intelligence & Analytics Cloud


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Blog part 1: Excel is your consolidation environment today

Excel is and will always be an accountant's go to tool for any requirement as it is familiar, easy to use, and can be manipulated to accomplish any mathematical task or exercise that is required. In this post you will learn why it may not be the best tool for consolidation purposes...

Consolidation & Closing


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Why Pick/Change Consolidation Solution Now? A 4 Part Series…

Read this 4-part blog to read Pat's perspective on why select a Consolidation solution now providing some color commentary and identifying some key items that you should be looking for during the selection process.

Consolidation & Closing


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Ventana Research Reviews Tagetik 5

Robert Kugel, senior vice president and research director for Ventana Research, reviews Tagetik 5 Financial Performance Management Software. Robert Kugel analyzes and evaluates Tagetik 5 features and benefits.

Performance Management Business Intelligence & Analytics


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Looking Under the Covers of The Gartner Magic Quadrant for CPM Suites

The follow-on research that Gartner publishes after the MQ is where you can get real insight into the details and dive deeper to evaluate which solutions are best fits for your particular needs.

Performance Management


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Gartner Solvency II Market Guide Shows There is Still (a little) Time to Prepare

The deadline for Solvency II compliance for EU insurers is January 2016. With time quickly running out to implement a solution before the deadline Gartner has just published a Market Guide that describes 20 vendors that provide Solvency II solutions

Performance Management Reporting & Compliance


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Challenges for HR Planning & Monitoring

The control and the monitoring of salaries in the P&L are a key point in driving an organization. Indeed in added value the part of salaries is important (in 60 to 90% depending on industry) and it can have a big impact on financial performance if business activities fluctuate.

Performance Management Budgeting & Planning


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Interim Measures: We Won the First Challenge Together!

Last month the first official deadline of Solvency II challenged European insurances: they reported the data of December 2014 according to the Interim Measures.

Reporting & Compliance


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The Fine Art of Push Down

Many CFOs are looking for a faster and more value added reporting process. Faster access to relevant information enables the management team to take immediate corrective action where needed. Fast close projects generally focus on two mechanisms: more reliance on estimations in the month end close, and utilizing better technology to support the group reporting process.

Reporting & Compliance


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The Power of Analysis Combined with the Financial Intelligence in the Hands of Business Users

Miscrosoft and Tagetik collaborate to get more value from your finance processes

Performance Management Business Intelligence & Analytics


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The Consolidator Handbook

A Recipe for a Successful Consolidation Project from One of Tagetik’s Premier Customer Chefs

Performance Management Consolidation & Closing


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Integrated Reporting (IR)? No, Thanks I`ve got Other Priorities Right Now!

Let's think about this natural reaction some people may have when dealing with IR. There are two different barriers which prevent people from embracing IR: the hard barriers and the soft ones.

Reporting & Compliance


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Gartner CPM Magic Quadrant User Survey. Tagetik Scores Big.

Last week Gartner published its annual user survey based on the results Gathered during the CPM Magic Quadrant customer surveys. The vendors on the Magic Quadrant were ranked by customer satisfaction scores of their customers surveyed.

Performance Management Cloud


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Big Data for Finance, Is It Necessary?

I never believed in big data for Finance departments; as that type of volume of data came from building data warehouses for web analytics in the past. Financial Accounting and Management information for reporting & analysis is mostly at monthly or sometimes at weekly balances level. For budgeting & planning it is at product or product group and/or brand and/or FTE level (in some cases employee level) as the lowest level of detail.

Performance Management Business Intelligence & Analytics


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How to Be All the CFO You Can Be (or Want to Be)

What it takes to be one, and why your company needs you to take on a bigger role: progressive thinker, tech innovator, and strategic partner

Performance Management Business Intelligence & Analytics Cloud Reporting & Compliance


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Cycling and Software: Team Up to Be a Champion!

Competitive cycling is unique in sports: in order to win you almost always need the right mix between team and individual effort. A strong team without a star performer seldom wins, likewise a star without a strong team does not get very far.

Performance Management


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Can a CPM Software Vendor Be Credible if They Say, “Cloud is Just a Fad”?

An interesting white paper came across my desk the other day. Authored by another Corporate Performance Management (CPM) provider, the paper dismisses cloud-based applications as a fad, part of a hype cycle generated by analysts, investors, and “the media.” Almost like a conspiracy theory.

Performance Management Cloud


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CFOs and CIOs Differ on Perception of Cloud and Finance

The differing perspectives of Finance and IT in the recent research by Saugatuck Technology

Cloud Consolidation & Closing Reporting & Compliance


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CFOs Will Benefit from In-Memory Corporate Performance Management

Last week I took part in SAP’s SAPPHIRE NOW event in Orlando, Florida. It was a great opportunity to sharpen perspective on how in-memory database technology will benefit our corporate performance management (CPM) customers, especially the Office of the CFO.

Business Intelligence & Analytics


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Why I Have a Love/Hate Relationship with “Conference Season”

Spring is a rejuvenating time of year. The annual rebirth from the doldrums of a long, cold winter means two things: - Pollen counts go off the charts turning my car yellow and my eyes red. - A solid month of traveling to Las Vegas, Orlando and other locales for spring conference season.

Performance Management


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Never Walk Alone the Integrated Reporting (<IR>) journey!

<IR >is a never ending journey which can be sped up if the different experiences are shared by the participants from different industries and countries.

Reporting & Compliance


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Unleashing Great Things - Why Tagetik Integrated with Qlik® Analytics Platform

You may have heard that Tagetik recently integrated our Corporate Performance Management (CPM) platform with Qlik Sense, a visual, intuitive solution for analytics and insight discovery. The result is the new Tagetik Analytics, which brings the financial intelligence and—very importantly—the data governance of the Tagetik model into the analytic model.

Business Intelligence & Analytics


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From Pre-Financial to Financial Information: a Different Perspective

Pre-financial information are strategic: their relevance is very often underestimated by the company. Sooner than later these information will "evolve" into monetary items affecting the company net result.

Reporting & Compliance


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How Can CFOs Get All of the Finance Function on the ‘Same Page’?

It is fascinating to note how often the corporate reporting process stumbles at the last hurdle. Despite the considerable effort expended on managing data quality, improving collaboration and honing the financial consolidation process many of the hard won efficiency gains are frittered away because historic approaches to the process ignore the vital last step of final report creation.

Performance Management Disclosure Management Reporting & Compliance


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Get the Most Out of the Balance Sheet

Corporations are managed predominantly on the basis of the income statement. This claim is supported by the fact that target setting for budgets and forecasts is generally done on operating profit (or EBIT or EBITDA, if you like). It is in addition common practice to internally present the balance sheet according external reporting standards such as IFRS. This is not the most intuitive reporting layout; especially not for non-financial colleagues.

Performance Management Budgeting & Planning


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3 Facts You Should Know About Cloud Financial Solutions

Cloud solutions are pervasive throughout our personal and work lives.Yet adoption of financial systems on the cloud have lagged behind other corporate systems such as for HRM or CRM. That, however seems to be changing, and changing rapidly.

Performance Management Cloud


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Only 10% of Companies Are Prepared for Non-Financial Reporting Directives. Are you?

Despite the mounting volume of financial information published by companies in their Annual Reports and Accounts, there is a growing recognition that financial disclosures on their own do not tell the full story about an organization’s health or its prospects for growth and success.

Reporting & Compliance


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Gartner Magic Quadrant for Corporate Performance Management Suites, What Does it Tell You?

Many think that March Madness is about the NCAA Basketball tournament, but we think that for software vendors in the CPM space March madness is the annual publication of the Gartner Magic Quadrant for Corporate Performance Management Suites

Performance Management


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Work Backwards to Move Forward

We all live the experience of floating adrift on the Pivot Sea, casting our data connections out from Excel hoping to have a hit of the “big one” – now sometimes called ‘big data’ – the table, the query, the info we want that delivers that insight, those nuggets, that we so desperately want.

Business Intelligence & Analytics


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Performance Management in the Cloud Without Compromise

An increasing number of businesses are now seeking to move away from traditional on-premise solutions for corporate performance management (CPM). A 2014 survey entitled “Empowering Modern Finance” carried out by Longitude Research on behalf of Accenture and Oracle, says that more than two-thirds of executives have adopted a cloud-based system for core financials (24%), or are planning to do so (45%).

Performance Management Cloud


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Solvency II – It’s Only Disclosure Management, so Why All the Fuss?

The EU Solvency II Directive (the insurance industry equivalent of Basel II for banks) seeks to harmonise EU insurance regulation and protect the public by reducing the risk of insolvency. Affected EU direct life and non-life insurance and reinsurance companies will, effective as of 1st January 2016, be governed as to the amount of capital that the company must hold.

Reporting & Compliance


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CFOs Responsibilities Don’t Change Because of the Cloud

The responsibilities and pressures on the CFO are great; the regulatory environment is high, as is scrutiny from investors who are looking for details that go beyond the numbers. The CFO has become a key strategic role – one that is often the coordinating point across departments.

Cloud


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Should Cloud Versus Non-Cloud Be a "Right" or a Choice?

Go back just 5 years and you will find that businesses were faced with a stark choice in the cloud versus ‘on-premise’ debate. Cloud computing in the financial applications space was the preserve of newly formed software vendors with little or no track record. The functionality was relatively primitive and although the cloud had its attractions, conservative finance organisations were reluctant to venture into uncharted waters.

Cloud


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How CFOs Benefit From a BI Visualization Tool

Appearances matter. The way that data is presented affects our capacity to understand it and influences how quickly and easily the information and insights it provides can be used to inform our decision-making

Performance Management


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2015 Banking Regulatory Outlook

For banks and other financial institutions, 2015 promises to be another challenging year of implementing financial reforms required by regulators. A number of these challenges were highlighted in a January 7th article on the 2015 Banking Regulatory Outlook published in Bank Systems and Technology.

Performance Management Reporting & Compliance


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Reporting Beyond the Financials

When it comes to reporting, it seems like the CFO’s job is never done. Increasing information demands from internal stakeholders are causing Finance departments to provide more frequent and detailed financial and operational reports and KPIs to line of business managers.

Performance Management Reporting & Compliance


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BI For the Masses? Will Microsoft Finally Make it a Reality?

It's been more than 10 years since Microsoft declared it was bringing BI to the Masses. Yet adoption rates continue to languish at around 30% according to recent research by Gartner. But recently Microsoft jumped in with both feet.

Business Intelligence & Analytics


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Getting Ready for Solvency II – The Time is Now

European insurers face many issues that need to be resolved before adoption of Solvency II in January 2016. A significant amount of work is needed between now and 2016 to address preparedness across all three pillars, with action needed especially for Solvency II, Pillar 3 Reporting.

Reporting & Compliance


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Is it Time to Move your Financial Consolidations to the Cloud?

With adoption of cloud-based financials and corporate performance management (CPM) applications gaining speed, it appears that Finance executives have become more comfortable with the notion of trusting their sensitive financial data to cloud-based applications.

Cloud Consolidation & Closing


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Tagetik developers @GWT.create 2015

Four visionaries and inspired Tagetik developers attended GWT.create, the annual conference about the Google Web Toolkit and related technologies for complex web application design and development. The event took place in Munich, Germany on January 27-28.

Performance Management


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Why Smart CFOs Pay Attention to "Non-Financials"

Measuring digital transformation is challenging. CFOs will need to be prepared to build new metrics, risk and performance measures in order to give a complete picture of the health of the business and its prospects for growth.

Performance Management Reporting & Compliance


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Banks Use Targeted Applications to Keep Up with Regulatory Demands

There is probably no industry that has more financial regulatory reporting requirements than banks. Regulations in the banking industry have increased significantly since the financial crisis, and the cost and time resources associated with keeping in line with these rules have left many firms scrambling.

Reporting & Compliance Financial Services


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EIOPA Solvency II Rules May Lead to New Opportunities

This year will be a busy year for the insurance industry as it makes sure it is fully compliant with Solvency II regulations by January 2016 - and for some insurers it will be a case of deciding whether to withdraw from an entire class of business or a territory. Not a trivial decision.

Reporting & Compliance


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New Year, New Rules - Solvency II

The implementation date for Solvency II is set for January 2016. Addressing and automating Solvency II compliance should be a New Year’s resolution for all insurance companies. Learn how to be compliant with Solvency II.

Reporting & Compliance Financial Services


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Collaborative Disclosure Management: One Source of the Truth

Learn how to improve financial reporting processes throughout a merged organization in a cost-effective and streamlined manner.

Disclosure Management


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Immature Driver Models Undermine Rolling Forecasts in Manufacturing

Learn how rolling forecast and Driver-Based Planning models can deliver tangible business value in your organization.

Budgeting & Planning


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CPM Dashboards – More Than Just a Pretty Face

Dashboards are more than a reporting tool. When used effectively, they can help you measure, monitor, and manage your business performance. Dashboards help you identify what you need to measure, make connections to current strategic objectives, and determine how well your business is delivering value against your objectives.

Performance Management Business Intelligence & Analytics


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The Rise of HTML Spreadsheets: Excel Killers or Perfect Complements?

In last years Online Spreadsheets become very popular and two of the biggest players in IT industry, Microsoft (with Office 365) and Google (with Google Spreadsheets), are now successfully providing their own solution as SaaS. Online Sheets became collaborative and available anytime and anywhere. Financial applications are generally too complex to run properly on online applications. However, an embedded Spreadsheet, which is available on all platforms and all devices, is now a “must” for modern financial applications.

Business Intelligence & Analytics


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The Journey to Integrated Reporting

Integrated reporting builds on the existing financial reporting model to incorporate non-financial information that can help stakeholders (internal and external) understand how a company creates and sustains value over the long term. There is no single path to an integrated reporting implementation. However, there are stages in the journey that are common to most companies.

Reporting & Compliance


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Financial Restatements - Now That Hertz!

We recently saw that Hertz corp expanded their restatement beyond 2011 to include 2012 and 2013 as well. This announcement sent the stock price down over 9% in a day, down 22% since the first restatement announcement in June. CFOs and CEOs cannot be wrong when it comes to reporting their financials: many company’s financial processes are still prone to errors and inaccuracies.

Performance Management


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No Cookie-Cutter Approach to Planning & Forecasting

Tying together financial and operational plans is a directive for many organizations. The reality is most companies are not ready yet.

Budgeting & Planning


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Tagetik Wins Ventana Technology Innovation Award for the Office of Finance

Tagetik recently received the Technology Innovative Award for the Office of Finance from Ventana Research for our Collaborative Disclosure Management solution (CDM). According to Ventana, the award is designed to: “recognize pioneers that have developed clear visionary and transformative technology that can be used to drive improved efficiency and productivity as well as the outcomes and performance of an organization.”

Consolidation & Closing Disclosure Management Reporting & Compliance


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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.

Performance Management


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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.

Performance Management


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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.

Reporting & Compliance


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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.

Performance Management


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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.

Performance Management


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Tagetik 5: Innovation Without Disruption!

Tagetik 5 is the next step in the evolution of the Financial Performance Platform – it is the next step in the evolution of Performance Management. Tagetik 5 gives our customers the ability to do more, to do it faster, and to do it anywhere.

Performance Management


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Following a Different Path – Rolling Forecasts in Manufacturing

Recent economic conditions have elevated interest in rolling forecasts as means of coping with increasing uncertainty and volatility. Proponents believe that a faster and more forward looking process creates value by enabling manufacturers to more effectively respond to change and manage risk.

Budgeting & Planning


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Celebrating Our Community at 8th Annual Global User Conference

This week is our 8th Annual Global User Conference, and I couldn’t be more excited. This year’s Tagetik in Touch promises to be the best conference yet – with attendees and partners from all over the world, more sessions than ever before, and some very big news.

Performance Management


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Tagetik Cited in Recent Gartner CPM User Survey Report

Gartner just published an analysis of a recent survey of CPM users and their satisfaction with their CPM software and vendor. We were pleased to see that our customers put us in the top four out of the 16 vendors evaluated for overall customer satisfaction, value for money, and vendor experience.

Performance Management


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What if Golfers used GAAP to keep their scores?

GAAP reporting doesn’t provide the real information that investors need to truly reflect the value of a company. Integrated Reporting steps in to cover the weaknesses of US GAAP.

Reporting & Compliance


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5 Considerations for Selecting a Collaborative Reporting Software Solution

The reporting process for most companies remains largely manual, hugely time-consuming and error-prone. Automated collaborative reporting yields many significant and immediate benefits, including increased productivity, better accuracy and compressed reporting cycles.

Performance Management Reporting & Compliance


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CFOs – Vanguards or Villains?

Many magazine articles proclaim that the CFO has expanded to a role of a strategic advisor. But does the evidence support this assertion? Many companies retain managerial accounting practices that are arcane, flawed, misleading, and incomplete. Commonly accepted explanations of why some CFOs are not progressive hide the root cause reason which is more behavioral than technical.

Performance Management


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What CPM Capabilities Are Critical to You?

Gartner recently released new research on Critical Capabilities for Corporate Performance Management Suites that evaluates 12 vendors across 9 critical capabilities in CPM. It allows you to look at the specific capabilities that are most important to your business and see which vendors are strong in those particular capabilities.

Performance Management


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Ongoing Maintenance: A Costly Oversight for Many When Looking for a CPM Solution

7 questions to ask to a CPM software vendor during a demo or POC that will give you some insight as to how difficult it would be to maintain the system once installed

Performance Management


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IBP Has Arrived: Is it Time for Manufacturers to Replace Their CPM Systems?

Traditional CPM applications do not meet the changing needs of complex manufacturing organizations. Integrated Business Planning applications close the gap to integrate CPM with Sales and Operations Planning applications.

Budgeting & Planning


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Tagetik Advances Disclosure Management for Office of Finance

Tagetik provides financial performance management software. One particularly useful aspect of its suite is the Collaborative Disclosure Management (CDM). CDM addresses an important need in finance departments, which routinely generate highly formatted documents that combine words and numbers.

Performance Management


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A Strong Pulse

For the fourth year in a row, Tagetik scored among the highest in customer satisfaction, with near-perfect scores in twelve satisfaction categories including implementation, functionality, support, price value, and overall product quality.

Performance Management


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Microsoft - Partnering for Success

This week, I had the pleasure of being in Washington D.C. for Microsoft’s 11th annual Worldwide Partner Conference. I was one of the approximately 20,000 other attendees to learn more about Microsoft’s vision around the cloud, big data, mobility, and other topics important to today’s enterprises.

Business Intelligence & Analytics


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Looking Deeper at Cloud Costs and Security

Ventana Research recently published a paper titled “Cloud Financial Performance Management: Ready for the Large Enterprise”. In it they found that 54% of companies with employees over 1000 users are already using the cloud, and that only 14% have no intention to use it. That’s an astonishing rate from just a few years ago.

Performance Management Cloud


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Finding the balance between growth and customer satisfaction

Tagetik will soon pass the 700 customer mark and we add around 100 new customers a year on average. It’s an impressive number but still relatively small compared to the number of customers of CPM megavendors or the growth rate of some highly leveraged SaaS CPM vendors; and we are fine with that.

Performance Management


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How is Corporate Performance Management (CPM) Similar to Football?

There are many similarities between a football team, both game-related and for individual players, and an organization implementing and applying enterprise and corporate performance management (EPM/CPM) methods, analytics, and Big Data. What are the similarities?

Performance Management


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Accounting for currency impacts - beyond simple conversion

Currency conversion is a core to any corporate performance management (CPM) system - for consolidating data for financial reporting, budgets, forecasting or planning. But there is more to it than simple conversion and calculating the currency translation adjustment (often a “plug” in many standard systems!)..

Performance Management


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Quantifying the Value of CPM (with the help of Forrester Research)

While the benefits of corporate performance management (CPM) are widely acknowledged by financial pros, many struggle with quantifying the actual value a CPM solution would bring to their specific organization. Tagetik has commissioned Forrester to create an ROI calculator, based Forrester’s proprietary Total Economic Impact (TEI) methodology, to provide insight into where and how a CPM investment could benefit your company.

Performance Management


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The seven magic ingredients of Integrated Reporting

One of the most inspiring insights of the INTEGRATED REPORTING (IR) framework is the set of guiding principles. Let's start to analyze the first one: Strategic focus and future orientation.

Reporting & Compliance


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Run Simple. What does new tagline mean for SAP customers?

I spent much of last week at SAP Sapphire. The keynote set the tone for the event. “Run Simple” is the new tagline and mantra at the ‘new SAP’ and the keynote speeches devoted a significant amount time to driving home this point.

Business Intelligence & Analytics


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Security in the Cloud: Who’s afraid of the big bad wolf?

When we think about the cloud the very first concern is that we no longer have full control of our information, as it is hosted on servers that are managed by people we don’t know and sometimes we don’t know where they are located geographically.

Cloud


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Increasing Company Value with Integrated Reporting

The Integrated Reporting (IR) is the new way to provide a concise communication of how the company is increasing the value of its capitals in a sustainable way.

Reporting & Compliance


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Bridging the Banking Reporting Gap

The banking industry has a reporting issue. The traditional systems that have been in place for years continue to serve their purpose, but are not designed for today’s banking reporting needs...

Financial Services


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Balance Sheet Budgeting & Planning for Banks

The Budgeting process for Banks is quite different from most industries. The focus begins with the Balance Sheet, and the reflection of the instruments already generating revenue and cash flows, at various rates and maturity dates. This then serves as the basis of the budget going forward as new volumes are forecasted.

Budgeting & Planning Financial Services


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Undersold

We just wrapped up our 2nd annual Tagetik North American Users Conference in New York, which was by all accounts, a great success. One of our clients called over our VP of Services over and said, “I need to talk to you. I was undersold!”

Performance Management


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10 Warning Signs That it's Time to Replace your Consolidation System

On average companies take longer to complete their accounting close than they did five years ago! How can this be? Ventana does a good job of summarizing the need for more advanced consolidation applications in the paper.

Consolidation & Closing


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How are Retired Italian Men Like Us EPM-ers?

The adoption rate of business analytics and progressive enterprise and corporate performance management (EPM / CPM) methods is disappointingly slow. Perhaps we can all learn from retired Italian men who meet up each day in parks and appear to be doing nothing.

Performance Management


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The rise of Financial Analytics in Enterprise Strategy

Traditionally, business relied solely on general ledger systems for storing and analyzing financial data. More recently, continuous technological advancements together with evolving business models and processes have made these static systems less and less effective in helping increase financial productivity.

Business Intelligence & Analytics


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How Does Your Finance Team Stack Up? Benchmarks Can Help You Find Out.

APQC specializes in providing objective information for business reality checks. Its annual Cross Industry Benchmarking Report provides metrics that companies can use to assess their own performance.

Performance Management


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From IT to Cloud services: A Darwinistic approach

Are your organization’s IT services deployed in on-premise data-centers or housed with a specialized provider? And what happened when you heard for the first time the word “Outsourcing”? For sure CIOs thought this was a word to define what was already happening: the migration of services outside the organization.

Cloud


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Budgeting for Success

Business changes so frequently that the annualized budget gets out of date pretty quickly. Moving to a more frequent budgeting cycle is an important step. Having quarterly, rolling budgets would allow organizations to react to changing conditions and appropriate resources accordingly.

Budgeting & Planning


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The CFO Guide to Navigating the Cloud

Cloud is becoming main stream because it helps finance better serve the business. On-premise ERP systems are losing their attraction. Cloud subscriptions are going up due to speed, flexibility, and ability to reduce the upgrade lag and dependence on IT.

Cloud


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Spreadsheets aren’t the answer for Finance Analytics

Reading a research study from Ventana Research, we find the pervasive use of spreadsheets to perform functions they were never meant to do. Enterprise-wide processes that require gathering of data from multiple sources, and that need to be calculated and analyzed on multiple dimensions and shared across many users were not meant for the spreadsheet world.

Performance Management Business Intelligence & Analytics


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Completing the Picture - The CFO’s ever changing, and increasing, reporting responsibility

Creating the capability to deliver the necessary reports and documents is posing more questions than answers in organisations around the world. More and more is being asked of the once humble but critical Office of Finance (OoF) and people and organisations must adapt in order to manage in the face of increasing demands to produce the goods.

Reporting & Compliance


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Closer Look: SAP HANA and CPM - In-Memory Technology Enables Faster Allocations, Better Analysis

Marco recently posted a blog on why Finance should care about SAP HANA. I’m going to expand a little bit more on the why SAP HANA is so much faster, especially as it processes large amounts of data, as is often the case with allocations.

Business Intelligence & Analytics


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The “hidden” issues that derail some cloud CPM deployments

There has been a lot written about the benefits and concerns of moving financial systems to the cloud. In the recent eBook “Leveraging Cloud and Mobile” from CFO.com, there were two issues highlighted that are very insightful, and not often spoken about...

Cloud


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Product Tips: Tracking the Evolution of a Budget from start to finish

The budget cycle is often like the old game ‘telephone’ - you start at one point, but what comes out the other end is completely different.

Budgeting & Planning


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Cloud Computing is changing the CPM business

Working in the cloud is not rocket science, it is reality. It is currently the most significant trend in the IT business and offers companies the opportunity to acquire software solutions and storage in various sizes as well as computing power.

Performance Management Cloud


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Fixing Finance with CPM

The top areas where Finance Executives are motivated to 'fix finance' are a need to improve the quality or usefulness of information provided by finance; a belief that finance can do more to help business managers boost revenues and profitability; and a desire to boost labor productivity in finance.

Performance Management


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For better or worse, Excel is still the number one tool for planning

A recent survey by BARC Research (The Planning Survey, March 2014) found that Excel remains the most widely used planning tool. When asked “Which solutions do you use for planning and budgeting in your company?”, a whopping 86% of respondents chose Excel.

Budgeting & Planning


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Should Finance care about SAP HANA?

There has been a lot of buzz around In Memory Computing (IMC) in the tech world. But what is it and what does it mean to finance?

Business Intelligence & Analytics


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The 2014 Gartner Magic Quadrant for CPM. How to decipher the dots.

Each year Gartner releases the latest Magic Quadrant for CPM Suites. Vendors are grouped into one of four quadrants but what does that really mean?

Performance Management


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How to speed up your closing cycle: Part 2- Incorporate both Financial Consolidation and Disclosure Management

Anything we do in Finance we should ask, “Why?”. There is always plenty of work for the finance team so if we can’t answer why take on something more then we shouldn’t do it. So, why is it important to have a faster close?

Consolidation & Closing Disclosure Management


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4 Tips for Successfully Automating your Financial Consolidations Processes

Consolidation is one of the most important and often complex Corporate Performance Management (CPM) process. It is also provides significant opportunity to save time through automation. A key to maximizing time savings is proper planning in setting up the consolidation rules that drive the consolidation.

Consolidation & Closing


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When should you start thinking about Budgeting, Planning and Consolidation in the Cloud?

There is no bigger buzzword than Cloud these days but what does it mean to the finance organization? In both the Gartner Magic Quadrant for CPM Suites and the Forrester Wave for Financial Performance Management these analyst firms highlight cloud adoption as a growing trend.

Cloud


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The SAP Ecosystem - Creating a New World Where CPM can Thrive

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

Business Intelligence & Analytics


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Corporate Reporting: Changing the Focus From a “Necessary Evil” to Delivering Business Value

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.

Reporting & Compliance


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What should be “Integrated” in Integrated Business Planning (IBP)

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.

Budgeting & Planning


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Can increased regulatory reporting requirements actually benefit Finance? Yes, they can.

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.

Reporting & Compliance Financial Services


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How to speed up your closing cycle: Part 1- the importance of the pre-close

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.

Consolidation & Closing


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Budgeting, Planning & Forecasting: “If you don’t ask, you don’t get”

As hard as it is for me to believe, I have been around Budgeting, Planning & Forecasting (BP&F) software as a user, vendor or analyst for more than 20 years. And some days I think I’m in a time warp. There’s still a lot of talk about replacement of spreadsheets being the primary value-driver for BP&F solutions. Its time to move past this, it understates the value to the business, almost relegating BP&F products to commodity status, which is far from the case.

Budgeting & Planning


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Finance on the Cloud – one size does not fit all

We are all hearing about the cloud, and how it is the future. We all use cloud solutions – either for work or for personal use. For finance Gartner estimates 5% of the Corporate Performance Management (CPM) market is on a cloud solution. An FEI survey showed that 20% (link) are either looking or considering cloud for financial applications.

Cloud


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The era of the CPM “Suite” should finally end

Having multiple products that are ‘connected’ introduces data redundancy, slows things down, costs more to maintain, and worst of all - leads to errors. The real solution is a single platform that can handle all your processes. One financial performance platform that houses all the data needed for the Office of Finance to carry out its processes. This is the only pragmatic way to improve operational efficiencies, and provide strategic insight into your business. It’s 2014 – the time for “Suites” is over. It’s 2014 – the time for “Suites” is over.

Performance Management


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Welcome!

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.

Performance Management


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