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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