Performance Management
The Challenges of Creating a Driver-Based Planning System
Read this blog to discover how to identify the most relevant drivers to incorporate into financial, operational, and strategic planning
Performance Management Budgeting & Planning Strategic Planning
IFRS16 business integration challenges
Why a lease engine, such as CCH Tagetik, is fundamental to cover all the aspects related to the IFRS 16 requirements that go into effect on January 1, 2019
Performance Management Disclosure Management Reporting & Compliance
How innovation in data platforms will elevate financial performance
Discover how financial and non-financial data hold the key to driving competitiveness and preparing CFOs for a new era of insight!
Start Leveraging Analytics Today!
Read this blog to discover why it's important to start incorporating more advanced analytics into your planning processes today!
Performance Management Business Intelligence & Analytics
Artificial Intelligence and Machine Learning: Start Thinking about the Future Now
What can you do to start preparing for AI and machine learning advancements that will definitely be coming your way in the not-so-distant future?
Performance Management Business Intelligence & Analytics
CCH Tagetik Spring '18 Release Now Available
This quarter’s release continues delivering on the transformation journey that is characterizing the office of finance today. Discover more!
Modernization Of Finance: Introducing the Data Hub
Read CCH Tagetik’s latest blog post: discover why it's important a data hub approach for analytical information and for make data governance a reality for your finance organization.
The Value of Modernizing Finance for CFOs
Read CCH Tagetik's latest blog post on finance modernization: what’s in it for you and your team and how do you get to a modern finance organization?
The Journey to Finance Modernization
Read CCH Tagetik's latest blog post and explore the drivers of finance modernization: learn what is needed to support this evolution!
With Modern EPM, Integrated Business Planning Is Now a Reality!
Discover how a modern Enterprise Performance Management solution like CCH Tagetik can help you to implement Integrated Business Planning in your company!
Performance Management Budgeting & Planning Strategic Planning
The Fourth Industrial Revolution and the Role of Smart Finance
Learn how digital technologies impacting the office of Finance today and which benefits CFOs can reach using them properly
“If It Ain’t Broke, Don’t Fix It”: One of the Many Excuses for Sticking with an Outdated Consolidation System
We surveyed over 100 financial executives across different regions and industries on the state of their financial consolidation process. Discover the results on CCH Tagetik’s blog!
Performance Management Consolidation & Closing
CCH Tagetik Winter ‘18 Release Now Available
This release reflects the visionary thinking of CCH Tagetik leaders and the company’s commitment to supporting the rapid changes transforming finance today.
How can CFOs make their Planning, Budgeting & Forecasting (PBF) process perform better?
Discover how the FSN’s research "The Future of Planning, Budgeting & Forecasting Survey 2017" does not simply highlights the main trends of budgeting, forecasting & planning but also stresses the main expectations of CFOs and the way they envisage to fullfill them.
Performance Management Budgeting & Planning Strategic Planning
Designing on Utopias: Taking a Lesson from Architecture
Discover what do you need to know to design an IT system for finance
Integrated Finance and Risk Architecture for Insurance and Reinsurance
Learn how to fix the most common challenges in insurance and reinsurance organizations
The simplest ideas are always the best!
Discover how Medline Industries has improved its Consolidation process with CCH Tagetik
Performance Management Consolidation & Closing
Don’t Settle: Get the Best of Both Worlds
Discover how to take advantage from both Excel spreadsheets and CPM systems
Risk Management at Astaldi (Part Two)
Discover the role CCH Tagetik plays in Astaldi’s Risk Management
Performance Management Reporting & Compliance
When It Comes to Your CPM Solution, Versatility Matters
Discover why CCH Tagetik is the strongest utility player in the corporate performance management market
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
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
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
CCH Tagetik: The Jose Altuve of CPM Software
Learn why CCH Tagetik resonate so well with Altuve's storyline
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
Risk Management at Astaldi (Part One)
The importance to consider risk as an integral part of the business
Performance Management Reporting & Compliance
Exploring Qlik Sense using CCH Tagetik as a source
Discover how Qlik Sense can be integrated into CCH Tagetik’s software to offer you a powerful reporting solution
Performance Management Business Intelligence & Analytics Reporting & Compliance
Process and System Design: A Key Component for a Successful Implementation
Discover the secrets to any successful CPM implementation
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
The Benefits of Working Prototypes
How KPMG and CCH Tagetik Collaborate to help Ensure Transformation Success
Performance Management Business Intelligence & Analytics
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
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
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
CCH Tagetik in Touch Comes to Montreal
Sessions designed around conference theme: Collaborate. Innovate. Elevate
Performance Management Business Intelligence & Analytics
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
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
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
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
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
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
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
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
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
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
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
Forrester`s Practical Alternative to RFPs
Insights from Forrester to better evaluate Enterprise Performance Management offerings.
Performance Management Business Intelligence & Analytics
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
#ThinkBigActBigger
Sharing Tagetik 2016 achieved results and 2017 goals in beautiful Budapest
Performance Management Business Intelligence & Analytics
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
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
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
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
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.
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?
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?
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
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
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
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
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
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.
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
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
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
What’s a CDO? Who cares? If you are in Finance or IT, you Should Care
Why should finance care the Chief Data Officer
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
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
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
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
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
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.
Budget Season: Excel Turns the Office of Finance into Scrooge
Research Shows Budgeting and Planning Still Painful for Most Companies
Performance Management Budgeting & Planning
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.
Tagetik in Touch 2015: Technology Insights for Finance Champions
Using Technology to Empower and Elevate the Office of Finance
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
Tagetik in Touch 2015: A Conference of Champions
More Than 750 Attendees from 30 Countries Gathered to Learn, Collaborate, and Network
Imperial UK Implementation - Week 2
Moving forward Imperial UK implementation: struggling with the historical data load process.
Performance Management Budgeting & Planning
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.
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
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
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
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
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
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
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
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
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.
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
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
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
The Consolidator Handbook
A Recipe for a Successful Consolidation Project from One of Tagetik’s Premier Customer Chefs
Performance Management Consolidation & Closing
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.
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
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
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.
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.
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.
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
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
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.
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 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%).
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
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
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
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.
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
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
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.
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.
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.
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.
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.
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.
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
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.
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.
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
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.
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.
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.
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.
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?
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!)..
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.
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!”
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.
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.
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
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.
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.
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?
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.
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.