Following TRG's seminar entitled "Office of the CFO: Change the way work is done", Saigon Entrepreneurs (Doanh Nhan Sai Gon) magazine and Business Forum (Dien Dan Doanh Nghiep) published their articles on the event as well as on some of the topics discussed by our event speakers, including:
Topics: Corporate Performance Management CPM, CFOs, Enterprise Performance Management (EPM), Risk Management, Financial Accounting Management Software, Technology trends, TRG International, TRG PR & News
HCM City – March 21st 2013 – Speakers from TRG, CIMA and Infor walked the audience through the Office of the CFO concept for the first time at an event held on March 20th at New World Hotel.
According to Vietnam National Administration of Tourism (VNAT), the total number of international tourists in 2012 reached 6,847,678, representing a 13.86% growth year on year. This year, the Vietnamese tourism industry “planned to welcome 7.2 million international visitors and 35 million domestic passengers, and is targeting a total revenue of VND190 trillion (equivalent to US$9.5 billion).” Not too long ago, we discussed some competitive criteria necessary for hospitality businesses to stay ahead in the game. Now we will zoom in on the hotel industry and take a closer look at trends in Vietnam and around the world.
Booming technologies are quickly changing the perception of people about mobility. The expectations are higher as everyone wishes to carry their favourite gadgets around, whether it is for business or leisure purposes. But what about hotel experience? Yes, technology is changing that too. Hotel owners and management companies are thus, faced with fresh challenges.
Topics: Technology trends
The big technology trends in 2012 will be extensions of trends that began in 2011 or earlier. For example, wiredFINANCE noted the Consumerization of IT back in September. Expect it to pick up speed in 2012. Similarly, back in January you read about The Internet of Things. That too will drive technology trends in 2012.
The tech trends below are based on the numerous vendor briefings and conferences wiredFINANCE attends as well as talking with dozens of IT and finance managers. Most shouldn’t surprise you if you have been reading wiredFINANCE, but a few might.
Here are the technology trends for 2012:
BYOD—smartphones mainly but the twist is the growing adoption of Bring-Your-Own-Device (BYOD) in which workers are encouraged to bring their personal smartphones to work while IT will support a range of popular devices, selectively open interfaces to data and applications, and insist on a certain level of security, such as data encryption. Reimbursement policies vary from zero to all.
Social Networking for Business—will only grow in the coming year. Social networking is the way the next generation of workers live and increasingly work. Businesses will identify and capitalize on opportunities in social networking starting with collaboration.
The Internet of Things—the digital transformation of the economy continues as chips are embedded in more things, allowing companies to meter and monitor processes. RFID is just the start. Watch for more digital instrumentation appearing.
Automated, Real-time Data Analytics—expect to see the growing adoption of advanced data analytics, which increasingly will be automated to keep up with the high volume and in near-real time to allow for dynamic data-based decision-making. This is part of the Big Data trend.
Bio-metric Authentication—passwords provide poor security. Watch for increased adoption of bio-metrics in the form of fingerprints, retina scans, facial/voice recognition, and such to replace the use of passwords for authentication.
Everyone to the Cloud—most companies will develop a cloud strategy at some level, whether for backup to the cloud, SaaS, to augment existing capabilities, or something else.
Virtualized Enterprise—look for increasing virtualization of every digital aspect of the enterprise, from data networking to voice communications.
Electronic Wallets—smart devices, including smartphones, used for almost anything from buying a can of soda to proving who you are. Big vendors already are fighting over who provides the e-wallet.
Geo-Location—between smart devices and GPS look for businesses increasingly to take advantage of geographic data, first for marketing (combined with QR codes) and then much more.
In-Memory Computing—combining processing with memory drastically speeds performance. Expect to see entire databases processed in memory.
Gamification—applying aspects of computer gaming to business software offers the possibility of more compelling and engaging business applications. Could AR processing be improved through gamification?
However things shake out, 2012 should be an interesting year for technology, and wiredFINANCE will stay on top of it.
eProcurement offers most organisations a genuine opportunity to derive quantifiable business benefits around cost control, process efficiency and procedural visibility. These benefits will be maximised both during, and as a result of, an implementation project if the strategic goals are clearly defined and sufficient groundwork is done to ensure the project is adequately scoped and welcomed by the work force.
While many organizations have spent a lot of time and effort moving toward the very worthwhile goal of implementing content-filtering-based technology such as data leak prevention (DLP), the truth is that a lot of fundamental groundwork needs to be laid before an organization should even think of DLP. The following five steps are some very effective ways to improve data security in a cost-effective manner and are the first steps toward readying an organization for more robust data protection measures such as DLP.
The results are in from most of the top names in on-premises ERP software, and the results are clear: SAP is leading, Infor and Epicor are doing well, but Oracle is lagging big time.
SAP on Friday released preliminary numbers for its fourth quarter ended Dec. 31, 2011, that showed software revenue increased 16% over the year-earlier period (17% in constant currencies) to 1.74 billion Euros ($2.2 billion). Software and software-related services revenue were up 12% over Q4 2010 to 3.72 billion euros ($4.7 billion), handily beating analyst's estimates of 3.6 billion Euros.
By contrast, Oracle's software sales for its fiscal second quarter ended Nov. 30 were up just 2% compared with the year-earlier quarter, whereas analysts expected at least a 7% increase.
The contrast is even sharper if you separate software revenues by type. Oracle's new-license revenues for databases and middleware were up 4% while applications revenue--primarily ERP and CRM--actually declined by 2%. Oracle blamed the overall shortfall on purchase delays tied to new internal approval requirements at customer firms.
In a statement, SAP claimed "significant" market share gains and declared "our innovation strategy is winning."
Backing up the innovation claim, SAP said sales of Hana, the company's in-memory appliance for real-time analytics exceeded its 100 million euro ($127 million) 2011 sales target by generating more than 160 million euros ($202 million) in sales.
SAP was not alone in reporting robust enterprise application revenues. Epicor on Thursday issued a preliminary report that software revenues increased in the range of 8% to 10% during the three-month period ended Dec. 31 (its first fiscal quarter). Total revenue for the quarter is expected to be $218 million to $219 million, up 4% to 5%.
Private equity firm Apax Partners acquired and merged Epicor Software and Activant Solutions last year to create a larger ERP and retail software vendor under the Epicor name. The firm's annual revenues are likely to exceed $800 million in 2012. The Q1 estimate of an 8% to 10% increase was for organic growth over and above the combined results of the two formerly separate companies.
Infor reported earlier this month that its software license revenue grew 16% over the year-earlier period in its second fiscal quarter ended Nov. 30, the same time period in which Oracle suffered a 2% decline. Infor acquired Lawson Software last year and is now the third largest ERP vendor after SAP and Oracle, with revenues expected to exceed $2.5 billion. The 16% increase at Infor did not include results from Lawson.
Microsoft is estimated to fall between Infor and Epicor in enterprise apps revenue, but the software giant does not break out financial details of its comparatively small Microsoft Dynamics business.
So with SAP and Infor posting double-digit gains and Epicor verging on that territory in its most recent quarter, what's the matter with Oracle? As I wrote earlier this month, Oracle customers may be suffering from what Nomura equities analyst Rick Sherlund dubbed "Fusion confusion," a reference to the new Fusion application suite Oracle rolled out in 2011.
"Contacts tell us that Fusion may be freezing Oracle out of the final stages of some apps deals as customers resist buying the old product but are not convinced the new Fusion suite is ready for prime time," Sherlund told StreetInsider.com .
Oracle portrays Fusion as its long-term replacement for Oracle E-Business Suite, PeopleSoft and JD Edwards ERP systems, and Oracle and Siebel CRM systems. The Fusion Suite is designed to be delivered as a service from the cloud or run on premises. But Oracle is not heavily promoting Fusion. Instead, Oracle is trying to get people to ease in pieces of Fusion with what it calls a "co-existence strategy and architecture" for Oracle E-Business Suite, PeopleSoft, JD Edwards and Siebel apps, and Fusion.
In the case of PeopleSoft, for example, Oracle suggests the combination of PeopleSoft's financial and human capital management software with Fusion Talent Management. PeopleSoft also offers talent management capabilities, but they were only recently introduced, so customers might want to jump directly to the cloud-deliverable Fusion version of that application.
The coexistence strategy surely appeals to customers that want to avoid the chaos of rip-and-replace software deployments. But it also presents the dilemma of when to choose stability and when to opt for Fusion features including services-based delivery, role-based interfaces and embedded business intelligence.
Oracle and SAP are both selling the same idea: Keep the legacy core of software we've sold you, and buy our innovative new software that goes with it. SAP calls it "innovation on top of a stable core." The core is the single application code base of Business Suite 7, which SAP has committed to support with maintenance through 2020. In the latest quarter at least, it appears SAP's brand of innovation is winning.
Source:InformationWeek Author:Doug Henschen