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For Finance, four paths to better performance
Delaney Turner 270002T14M email@example.com | | Tags:  finance cfo
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For the second post of the day I'm finally getting around to highlighting one of the hidden treasures of the IBM Cognos Web universe: our Financial Performance Management Resource Center. It's a site that every two weeks posts new analyst research, White Papers and customer success stories relating to the core functions of the Office of Finance.
Specifically, these are:
If you've read my posts on the IBM CFO study, you'll know that there are repercussions for each one of those functions in its findings. So, starting today and every two weeks hereafter, I'll be highlighting two of the newly available pieces you can download.
Were you to visit the site today, for example, you'd find in the Budgeting and Forecasting section a new IBM White Paper entitled Shifting Gears: Moving from Reactive to Proactive Enterprise Planning. Here's an excerpt from the Executive Summary:
If you can’t put a halt to revenue and profit surprises, all the hard, earnest planning, process development and resource and technology investments that go into your major corporate initiatives might be wasted. Those outcomes can be especially painful when the economy is mercurial and the effective use of time and resources is essential. Leading and “up and coming” enterprises are changing the nature of how they plan. An enterprise-wide planning and analysis solution is recognized as one of the rock-solid components that can reset this process to one that is anticipatory, rather than reactive, and stand tall in these hard-blowing economic winds. In this paper, we examine the most troublesome conditions that restrict planning success along with those planning approaches that enable businesses to make better decisions faster.
Or, if you were more inclined toward Strategy and Scorecarding, you'd find a new report by John Hagerty of AMR Research entitled Using BI/PM to Accelerate Out of the Downturn. It contains findings from a multi-client study of nearly 600 companies of all sizes across established and emerging markets. if you're looking at financial performance management software to drive growth this year, you'll most likely be interested in Hagerty's conclusions, including these:
Naturally, there's lots more on the site than I can write about here. If you'd like to sign up, your email, phone number and a few other facts about you are all that we ask in return. Won't you give it a try?
Alternately, you might want to register for our Virtual Finance Forum on May 19, where we'll be discussing the findings of the IBM CFO Study and the role of business analytics software in helping you respond to the changing world it describes.
How are you keeping pace with what's going on out there? Send me a note or leave a comment if you'd like to share your success.