September 4, 2015

Removing Inefficiencies from Real-Time Processing

Being able to see transactions as they occur and account for their completion throughout the reporting period are two goals that every finance department should aim to attain. Real-time processing is also priceless for all areas of the business, as it allows different departments to understand their budgets without having to conduct intensive reconciliations at the end of each month.

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September 2, 2015

Optimizing Planning, Budgeting and Forecasting with Oracle PBCS

Even for those within a finance department, the tasks of planning, budgeting and forecasting can sometimes seem like building a house of cards. No matter how much time you and your staff spend trying to make the process repeatable, templated and streamlined, you are at the mercy of the other departments as they miss deadlines and accidentally report inaccurate or duplicate figures. All of this contributes to longer reporting cycles and more time spent cleansing and validating data than innovating.

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August 31, 2015

Eliminating the Silos from IT Project Management

When scanning business magazines and news sources, it's not uncommon to see mentions of "breaking down silos" within an organization. Gone are the days of each department focusing on itself in order to help businesses be self-sustaining. Instead, businesses today are leveraging technology and processes that connect people across departments and give everyone a more comprehensive view of the company's inner-workings across the board.

It's not just technology, however, that is fueling this change. Silos can create real risks to an organization. By discouraging communication between business units, it can hinder the enterprise from working as a whole. It can also diminish trust, as people who only communicate within their departments will know less about the people in others. As described by an article in Forbes, "Product development may view sales with suspicion, a global subsidiary looks at the American parent with great disdain, and so on. Without trust, you cannot create teamwork across an organization, and without a team that moves quickly, organizations fall behind their competitors."

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August 27, 2015

5 Key Steps to a Smooth Mobile Enterprise Solution Rollout

To enable the art of the possible, your employees have to be able to work more efficiently in any place and at any time. This is significantly easier said than done when the enterprise is dependent on contrasting methods of requesting services between departments. It can be especially difficult when you're out of the office to be able to have a real grasp on the requests that are waiting for you, the stages of requests you've made of others, and which documents show the most up-to-date data.

The best way to eliminate this confusion comes down to knowing your employees and operating within an established service catalog. In this post we'll take you through a methodology for rolling out a mobile solution that empowers your mobile workforce.

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August 25, 2015

3 Ways Automation Plays into a Business Growth Plan

There are some executives who want to encourage business growth but may be unsure of cloud computing or new technology as a whole. They may question its safety or whether automation takes away a department's ability to glean information from its data. What these individuals are missing is that cloud computing is the magic behind platforms that minimize risk, maximize time management and incite and sustain business growth—largely because of automation. In fact, automation gives your business the means to propel business-growth plans across the enterprise.

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August 21, 2015

A Consulting Approach to Change Management Processes

In its wiki, ServiceNow defines change management as something that "helps organizations understand and work to minimize risks of changes to the IT environment. It is essentially a process for managing the people-side of change." Within the sphere of Enterprise Service Management, change management goes beyond IT and expands to all departments within an organization.

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August 19, 2015

Taking Business Service Management to the Cloud

If you are considering moving your business service management to the cloud—or attempting to convince others that it's the right move—the process may seem daunting. Some may not be able to see past the amount of time and planning it takes to make a change. In reality, however, doing so can significantly improve your return on investment, since BSM and cloud technology work in tandem.

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August 17, 2015

Top 4 Reasons Why CFOs are Turning to Oracle PBCS

Modernizing finance to keep up with enterprise growth is an initiative that, if done correctly, benefits those both within and outside the department. In addition to delivering a modern experience to its users, the employees within finance have been excited to see their day-to-day tasks become less all-consuming. In turn this allows them to allocate significantly more time toward the innovations that will align finance with an organization's business growth strategies.

In order to accomplish the task of modernizing finance, an enterprise's people, processes and technology must be in line. And the technology that best enables process customization and communication among employees is the Oracle Planning and Budgeting Cloud Service.

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August 13, 2015

Using the Cloud to Aid Cost Reduction Strategies

Reducing costs within the enterprise is something that everyone wants but few know how to actually achieve. Often employees are just left with financial figures, which don't provide the necessary insight into the key factors driving a cost structure, nor do they indicate where costs could be trimmed. This is where a cloud-solution with built in metrics and a centralized data resource can help.

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August 11, 2015

Enterprise-Wide Access to Financial Performance Metrics

financial-performance-metricsA global study released by IBM in 2014 surveyed 576 chief financial officers and determined: "Their most critical task is measuring and monitoring their company’s performance. But providing strategic input comes a close second, and developing people with the right skills remains a top-of-mind issue." The truth is that all three of these issues can be tied to the proper use and transparency of financial performance metrics.

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