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The Renewed Finance Function: Extending Performance Management Beyond Finance
The role of the finance team has changed recently, due to increased oversight from regulators, more active investors, and company-specific changes in business

3 broad areas of finance  unit leaders. (See Figure 3.) At educational materials publisher Cengage Learning in Belmont, California, Ashish Gupta says finance works on strategic projects more closely with the company's CEO and Board than it had it the past. This trend, says Mr. Gupta, spans across industries, but I've seen it more in my current position, perhaps because of our recent sale to private equity. He says, Finance is a key player in various metrics-driven projects to analyze where the gaps are in the business, to find Read More...
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Documents related to » 3 broad areas of finance


Transforming Performance Management in an SAP Environment: Considerations for Finance
Finance professionals who plan, budget, and forecast in an SAP environment always need to drive additional value from their SAP solutions. One of the most

3 broad areas of finance  the average company comprises 372 separate line items, but that best-practice companies operate with far less detail—as much as 80 percent less. Asking for unnecessary detail in plans and forecasts creates unnecessary work for everyone involved in the process. It also encourages gaming and creates stress as employees plug in numbers they know they will later have to create a rationale for. Worse—in the case of revenue forecasts—is the prospect of overconfident (or fearful) employees plugging in Read More...
State of the Market: HR
More than ever, executives are looking to transform human resources (HR) from a seemingly low-priority function into a strategic part of the business. This

3 broad areas of finance  (ADP) , Softscape, Workbrain, 360Commerce (now part of Oracle), Kaba Benzing, MBH Solutions (including the recently acquired Concur HR product), WorkForce Software, and CyberShift. Customer Success Story: Core HR Nikon Reaps Benefits from Ultimate Software 's UltiPro' Situation Based in Melville, New York, Nikon Inc. is the world leader in digital imaging, precision optics, and photo imaging technology. The choice of professional photographers the world over, Nikon is the only major optical company in Read More...
Why BI Is Ripe Now for Businesses of Any Size
Businesses of all sizes need real insight into operations and customers@to do their planning, forecasting, modeling, and adjusting based on data that’s current,

3 broad areas of finance  can move towards a 360-degree view of their customers and their own operations. Oracle's approach to the market reflects its vision that business intelligence represents a broad continuum. Companies can start with a system that focuses on one area of the business - as Taleo has in finance - and provides solutions for very specific requirements, such as planning, budgeting and forecasting. Then, as the company's needs and capabilities grow, it can expand into a business-wide EPM solution that provides a Read More...
Driving Costs Out of the Supply Chain: Inbound Logistics
One of the most neglected areas of the manufacturing and retail supply chain is the inbound logistics segment. Following best practices and creating a

3 broad areas of finance  can be divided into 3 major categories: Inventory carrying costs Transaction costs Basic unit cost of product/ service With the global interest rates near an all time low, inventorycarrying costs today are negligible. At 2% p.a. weekly inventory carrying cost is a lowly 0.04% i.e. if the item costs $100 the interest cost is around 4 cents per week. Transaction costs can be broken into the following components: Shipment documentation Invoicing costs Receipt documents (GRN, BOL, etc.) Payment and Read More...
Threshold of a New TEC Advisor
I'm happy to announce the beta launch of our new tool to help people start their research and evaluations of enterprise software systems. Think of it as the

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Glossary of Enterprise Applications Terminology Part One: Accounts Payable Through Internet
As enterprise applications systems developed over time, a continuous stream of new terminology surfaced. This is a glossary of those terms.

3 broad areas of finance  Q , and Part 3: From R to Z . Accounts Payable through CRM accounts payable (AP) : The value of goods and services acquired for which payment has not yet been made. accounts receivable (AR) : The value of goods shipped or services rendered to a customer on which payment has not yet been received. Usually includes an allowance for bad debts. advanced planning and scheduling (APS) : Techniques that deal with analysis and planning of logistics and manufacturing over the short, intermediate, and long-term Read More...
Justification of ERP Investments Part 1: Quantifiable Benefits from an ERP System
Studies that surveyed manufacturers about the impact of ERP systems on firm performance indicate that company size and industry do not affect the results

3 broad areas of finance  Originally published - February 13, 2004 Justification of ERP Investments* The expected return on investment provides the cost justification and motivation for investing in ERP. There are quantifiable benefits as well as intangible benefits in the ERP investment decision. The quantifiable benefits have a bottom-line impact on profitability, asset turnover, and a potential effect on stock value. This section discusses the quantifiable and the intangible benefits of an ERP system, which compares firm Read More...
The Many Faces of PLM Part Two: The Future of the PLM Suite
The future of the PLM Suite will include more applications that cover product-related functionality and further expand the benefits available. As the PLM Suite

3 broad areas of finance  Many Faces of PLM Part Two: The Future of the PLM Suite The Future of the PLM Suite The future of the PLM Suite will include more applications that cover product-related functionality and further expand the benefits available. As the PLM Suite matures, companies will benefit from increased functionality and increased integration between business processes. The ultimate expression of this more mature solution will result in a broad suite of focused, integrated applications that leverage a core of Read More...
Analysis of Adobe’s Integration of IslandData’s Automated E-mail
Adobe’s support site receives approximately 1.3 million client inquiries per month and has been in need of an automated response system to decrease escalating

3 broad areas of finance  support site receives approximately 1.3 million client inquiries per month and has been in need of an automated response system to decrease escalating support costs. To alleviate the burden of manual responses to end users needs and concerns, Adobe has selected IslandData's e-mail automated response system. IslandData's response system has met Adobe's needs through automated response systems, which takes less than 10 seconds to address a user's inquiry in addition to a dramatic decrease in cost. However, Read More...
Voice of the Customer Analytics
Verint Voice of the Customer Analytics solutions provide a solution set to centralize customer feedback across channels, interpret it in the context of

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WorkWise's eWarehouse provides Groschopp with added control of the entire life cycle of its inventory
Groschopp initially purchased TCM in 1994 and subsequently expanded its usage to over 40 TCM licensed users and 12 data collection users. Groschopp has

3 broad areas of finance   Read More...
Soaring across the Regions: A View of the Impact of the Internet on Business
The Internet offers companies the opportunity to present a commercial image independent of size and location. With this and the Internet’s ability to extend a

3 broad areas of finance   Read More...
Eco-mode: Benefits and Risks of Energy-saving Modes of UPS Operation
Many newer uninterruptible power supplies (UPS) systems have an energy-saving operating mode known as “eco-mode” or by some other descriptor. Nevertheless

3 broad areas of finance  DCIM, data center, data center infrastructure management, DCIM management, DCIM software, DCIM software tools, IT, IT infrastructure, APC by Schneider Electric, data center cooling system, data center PUE, PUE, UPS system, uninterruptible power supplies Read More...

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