By Jennifer Toomey, Senior Director, Cloud Business Group, Oracle When food giants Heinz Co. and Kraft Foods were merged by 3G Capital, the clock on...
By Jennifer Toomey, Senior Director, Cloud Business Group, Oracle When food giants Heinz Co. and Kraft Foods were merged by 3G Capital, the clock on return-on-investment started ticking immediately. The merged companies had eight $1 billion-plus legacy brands between them, and the pressure was on to quickly realize value through a global cost-management initiative based on zero-based budgeting (ZBB). Fortunately, the company had Oracle as a partner. Both ZBB and Oracle have...
By Jennifer Toomey, Senior Director, Cloud Business Group, Oracle When food giants Heinz Co. and Kraft Foods were merged by 3G Capital, the clock on return-on-investment started ticking immediately....
By Jennifer Toomey, Senior Director, Cloud Business Group, Oracle Zero-based budgeting (ZBB) is making a comeback among financial leaders as they look for ways...
By Jennifer Toomey, Senior Director, Cloud Business Group, Oracle Zero-based budgeting (ZBB) is making a comeback among financial leaders as they look for ways to more strategically plan and manage spending. ZBB is a simple concept that has been around since the 1970s. Fundamentally, it proposes that instead of relying on historic spending data to forecast budgets, start at zero and build budgets based solely on costs with a justified need. Companies of all sizes and in many...
By Jennifer Toomey, Senior Director, Cloud Business Group, Oracle Zero-based budgeting (ZBB) is making a comeback among financial leaders as they look for ways to more strategically plan and...
By Andy Starks, Practice Director, Edgewater Ranzal Most finance professionals recognize that operational and strategic planning are equally important. However,...
By Andy Starks, Practice Director, Edgewater Ranzal Most finance professionals recognize that operational and strategic planning are equally important. However, investments in one area often mean that the other gets shortchanged—especially when it comes to technology. There are only so many resources available, and a focus on improving operational planning sometimes means that improvements in strategic planning get set aside until more money becomes available—or vice versa....
By Andy Starks, Practice Director, Edgewater Ranzal Most finance professionals recognize that operational and strategic planning are equally important. However, investments in one area often mean...
By Todd Rebner, Datavail The goals of financial planning and analysis are many, but at the very heart of it, most financial managers and directors simply want...
By Todd Rebner, Datavail The goals of financial planning and analysis are many, but at the very heart of it, most financial managers and directors simply want accurate reports and forecasts, and simple and efficient processes so that they can make timely decisions that will increase revenue and grow the business. According to Gartner, “Digital business requires quick detection of changes in the business environment and effective response. Application leaders supporting CFO IT...
By Todd Rebner, Datavail The goals of financial planning and analysis are many, but at the very heart of it, most financial managers and directors simply want accurate reports and forecasts, and...
It’s a given: every company needs to manage profit and loss. Competition is fierce in this digital age, and it’s harder than ever to raise prices. If you want...
It’s a given: every company needs to manage profit and loss. Competition is fierce in this digital age, and it’s harder than ever to raise prices. If you want to increase profitability, you need to know where you can reduce costs and where you should invest more. To do this, you need a complete and accurate understanding of your cost drivers and allocations. Yet the majority of companies are stymied by the sheer complexity of their own data. Companies today collect more data...
It’s a given: every company needs to manage profit and loss. Competition is fierce in this digital age, and it’s harder than ever to raise prices. If you want to increase profitability, you need to...
We’ve written before in this blog about the risks associated with spreadsheets and the reasons finance managers hate them. But another risk has recently reared...
We’ve written before in this blog about the risks associated with spreadsheets and the reasons finance managers hate them. But another risk has recently reared its ugly head in the news: loss, theft, or unintended distribution. Last month it happened to a major US bank. As part of a legal discovery process, a law firm for the bank mistakenly disclosed information unrelated to the case—including spreadsheets filled with customer names, social security numbers, investment...
We’ve written before in this blog about the risks associated with spreadsheets and the reasons finance managers hate them. But another risk has recently reared its ugly head in the news: loss, theft,...
By Jeff Jacoby and Michael Gobbo, Oracle Research from the American Institute of CPAs (AICPA) and Oracle shows that finance teams want to be more...
By Jeff Jacoby and Michael Gobbo, Oracle Research from the American Institute of CPAs (AICPA) and Oracle shows that finance teams want to be more strategic—spending less time on data gathering and routine tasks, and more on data analysis and business influence. The research, Agile Finance Revealed: The New Operating Model for Modern Finance, found that the most agile finance teams have embraced a new operating model, encompassing three pillars: Greater efficiency through...
By Jeff Jacoby and Michael Gobbo, Oracle Research from the American Institute of CPAs (AICPA) and Oracle shows that finance teams want to be more strategic—spending less time on data gathering...
Research from the American Institute of CPAs (AICPA) and Oracle shows that finance teams want to be more strategic—spending less time on data gathering and...
Research from the American Institute of CPAs (AICPA) and Oracle shows that finance teams want to be more strategic—spending less time on data gathering and routine tasks, and more on data analysis and business influence. Finance leaders want to be operationally agile, able to shift gears quickly to provide this strategic leadership. Yet only 30 percent of survey respondents described their own finance functions as agile. The research found that that the following three traits...
Research from the American Institute of CPAs (AICPA) and Oracle shows that finance teams want to be more strategic—spending less time on data gathering and routine tasks, and more on data analysis and...
By Sujoy Choudhuri, Partner, PwC New York Let’s face it: your CFO wants to have a seat at the table, advising and guiding the CEO on where to go next. To do...
By Sujoy Choudhuri, Partner, PwC New York Let’s face it: your CFO wants to have a seat at the table, advising and guiding the CEO on where to go next. To do that, he or she needs fast access to reliable data that tells a complete story. In fact, better reporting is one of the hallmarks of a modern, agile finance organization, according to recent research from the American Institute of CPAs (AICPA) and Oracle. The research found that agile finance teams share three major...
By Sujoy Choudhuri, Partner, PwC New York Let’s face it: your CFO wants to have a seat at the table, advising and guiding the CEO on where to go next. To do that, he or she needs fast access...
