Archive for August, 2008

It’s Still the Economy, Smarty

An American Institute of Certified Public Accountants (AICPA) study released this month found that 62 percent of CPAs in business-executive positions are pessimistic about the economic outlook for the United States over the next year. Yet 38 percent are upbeat about the near-term future of their own company. How do they expect their organizations to fare better than the economy as a whole? According to Deloitte it’s not through smart cost-cutting. A Deloitte survey found that companies are, indeed, tightening their figurative belts, but it also found that two-thirds of executives expect those measures to result in only single-digit savings.

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

No Comments

Related Topics: Industry News |

Demand for Better Supply Chain Management

In a recent McKinsey & Co. survey of 273 corporate executives from around the world, 77 percent said that the amount of supply-chain risk faced by their company has increased in the past five years. In 2006, only 65 percent felt supply-chain risk was on the rise. The causes of this increasing risk aren’t surprising; among North American respondents (who could choose as many as three answers each), 35 percent blamed it on the increasing complexity of products and services, 39 percent blamed it on rising energy prices, and 38 percent blamed it on increasing financial volatility. However, responses to the risk are lackluster. Only 35 percent of participants (75 percent of those who cited product complexity as a risk-stimulator) said their company has taken action in the area of product complexity; 18 percent (62 percent of those who complained about it) have taken action on financial volatility; and 16 percent have taken action to mitigate the risk related to rising energy prices.

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

No Comments

Related Topics: Industry News |

Don’t Diss Integration

Last month in BPM Express, I talked about the fact that amid all the hype about integrated technologies and the oversized marketing budgets of the big players in the business performance management (BPM) space, many companies are still stuck in spreadsheet hell. They don’t need the complexity of a big-budget solution. They can pretty dramatically increase the efficiency and effectiveness of their performance management processes by implementing a very basic BPM application.


I believe that’s true for many companies. But I came across an interesting white paper this month that takes the opposite view. Companies that are going to do BPM, it argues, should aim to fully integrate their various technologies in order to synchronize data across planning, customer management, and operations. The white paper makes the point that decisions are better when companywide data is consistent — and it raises some questions companies should consider when shopping for performance management software today.


The white paper was put out by Ventana Research, and was sponsored by Cognos. One might expect it to be skeptical about Oracle and SAP’s claims that they have achieved full integration and all’s hunky-dory within their family of BPM products. It is. “Identifying fragmented performance management platform offerings can be difficult,” Ventana states. “The vendors have … pressure on their sales staffs to sell larger packages or more than one of their products. Hence you wind up in the crosshairs of extreme marketing, replete with words like ‘complete,’ ‘unified,’ ‘integrated,’ and other characterizations that aren’t precise or technically accurate and more often are matters of opinion.”


That’s strong language, but ever since the BPM megadeals of 2007, it has been hard to get a handle on exactly what products will be integrated, how integrated they’ll be, and when. The Ventana white paper offers advice on how to figure out the level of connectivity among different offerings from the same vendor. The first suggestion is to hire a consultant for professional guidance. This is, probably, the safest route. Another good suggestion is to ask the vendor to commit to a specified deployment schedule for the software, and then ask for customer references who can vouch for the vendor’s ability to meet its deadlines.


Moreover, Ventana recommends remaining skeptical throughout the process. “Can you actually achieve an integrated environment with disparate tools?” the white paper asks. “How do you weigh the fragmentation challenges of the vendor’s technology and the amount of implementation consulting required, which could heavily outweigh the cost of the software? … Ask, and be sure you understand, what levels of effort, time, and skill will be required to build and maintain disparate environments.”


Finally, Ventana advises, buyers need to dig beyond the vendor demos that are designed to show how integrated products are. Just because its dashboards are flexible and configurable doesn’t mean the data is seamlessly (or easily) integrated. In the end, buyers must do their best to evaluate their requirements for the software in the areas of installation, configuration, data modeling, user preparation, and readiness for business usage. Scrutiny of the vendor’s claims, in addition to testing with data integration top of mind, can give a company a better idea of how much integration a particular product offers.


To those readers who are braving today’s somewhat muddled market and investing in a major BPM suite: Drop me a line. I’d love to hear (and share) your techniques for evaluating how integrated the big vendors’ products really are.

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

1 Comment

Related Topics: The Latest Word |

Leveraging the Power of On-Demand Analytics to Drive Finance and Sales Performance

Sponsor: Xactly

September 18, 2008

In this webcast, you’ll learn how post-sales analytics can provide new and strategic insight into an organization’s selling patterns, commission spend, product performance, sales rep and team performance, and sales plan effectiveness.

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

No Comments

Related Topics: Research & Events |

IFRS Readiness: Preparing for the Inevitable

In a Business Finance Webcast on September 11, IBM Global Business Services partner Zohair Mirza, BPM Partners CEO Craig Schiff, and Tagetik North America general manager Mark Corsetti will discuss what the adoption of International Financial Reporting Standards (IFRS) means to an organization’s finance office. They will also offer ideas on proactive steps companies can take to prepare for IFRS and explain the technologies that are currently available to support GAAP/IFRS. Register now.

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

No Comments

Related Topics: Research & Events |

Product Brief: MicroStrategy 8

MicroStrategy has released a new version of its business intelligence software. MicroStrategy 8 now offers better integration with SAP BI objects, and it is available for the Apple iPhone.

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

No Comments

Related Topics: Product Briefs |

Product Brief: Callidus Plan Communicator

Callidus Software has released a product called Callidus Plan Communicator, which is designed to improve the speed and efficiency of the process of developing (and modifying) sales plans. The product stores sales plans and monitors changes to them, along with the approval process for those changes. Plan Communicator is available on the Force.com AppExchange platform.

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

No Comments

Related Topics: Product Briefs |

Product Brief: PROPHIX for SQL Server 4.1

Late last month, PROPHIX Software released version 4.1 of its PROPHIX for SQL Server performance management suite. The new version enables users to enter data when they’re not connected to the PROPHIX server. Also, it provides tracking of which users logged into the model, or who added an account to the structure, and when. In addition, version 4.1 includes enhancements to the software’s data visualization and workflow capabilities.

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

No Comments

Related Topics: Product Briefs |

Product Brief: SAP and Business Objects Integration Efforts

On August 12, SAP released new versions of its various performance management products, all designed to leverage the depth of SAP and BusinessObjects as a combined company in the realm of BPM. Now SAP Strategy Management integrates more tightly with SAP GRC Risk Management. BusinessObjects Financial Consolidation integrates more tightly with BusinessObjects XI 3.0, and SAP Business Planning and Consolidation now runs on the SAP NetWeaver platform with little configuration.

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

No Comments

Related Topics: Product Briefs |

Product Brief: Actuate Performancesoft Views 8

On August 4, Actuate released Actuate Performancesoft Views 8 with the goal of “addressing the challenges of true operational performance management initiatives.” The software combines Actuate’s business performance management (BPM), business intelligence (BI), and reporting technologies; its Web services APIs and information objects enable companies to connect performance data with the underlying operational details within any enterprise data source. Views 8 also includes a new reporting user interface that enables users to view their performance management information in the format with which they are most comfortable. For example, a business manager who oversees multiple functions could view performance data in a briefing book format, while an operations manager might prefer to see KPI data through an interactive Web page.

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

No Comments

Related Topics: Product Briefs |

About

BPM Express covers developments and trends in the market for business performance management systems and services. It is written by Meg Waters, editor in chief of BPM Magazine.

Calendar

August 2008
M T W T F S S
« Jul   Sep »
 123
45678910
11121314151617
18192021222324
25262728293031

Your Account

Subscribe

Subscribe to RSS Feed

Subscribe to MyYahoo News Feed

Subscribe to Bloglines

Google Syndication