Corporations spend too much time budgeting and not enough time planning. As you kick off the budget season, you should be thinking about how to derive more business value from the process.
Recent TRG blog posts
Rick Yvanovich
Recent TRG Blog Posts
Going Beyond the Budget
Posted by Rick Yvanovich on Thu, Feb 16, 2012
Blog Topics: Enterprise Performance Management (EPM)
The Impact of the Economic Crisis on Software Buying Behavior
Posted by Rick Yvanovich on Thu, Feb 16, 2012
When the economic crisis hit, organizations scurried to find ways to cut back and keep their businesses afloat. Survival was key. Investments and projects of all kinds were put on hold, including upgrading and replacing enterprise software systems. A forecast alert by Gartnershowed that enterprise software spending between 2008 and 2009 dropped by 2.6%. No doubt, enterprise software spending is one of the areas in which organizations consciously chose to cut back.
Blog Topics: Talent Management
How online retail is shaping the store
Posted by Rick Yvanovich on Wed, Feb 15, 2012
It was never supposed to be this way; the store and the web site were going to ignore each other and customers would trade through one or the other, not both. Yet, here we are within a few short years, recognising that on line retail is already having a profound effect on the store and it’s going to go way past Click & Collect.
Blog Topics: Retail Management System
When the Discount Drug Doesn’t Work
Posted by Rick Yvanovich on Wed, Feb 15, 2012
The most powerful four-letter word in the entire English language for retailers used to be “Sale”. If you weren’t making your numbers you could easily whack up a big, red Sale sign and watch the punters come in, in their droves.
Blog Topics: Retail Management System
When the Discount Drug Doesn’t Work
Posted by Rick Yvanovich on Wed, Feb 15, 2012
The most powerful four-letter word in the entire English language for retailers used to be “Sale”. If you weren’t making your numbers you could easily whack up a big, red Sale sign and watch the punters come in, in their droves.
Blog Topics: Retail Management System
How online retail is shaping the store
Posted by Rick Yvanovich on Wed, Feb 15, 2012
It was never supposed to be this way; the store and the web site were going to ignore each other and customers would trade through one or the other, not both. Yet, here we are within a few short years, recognising that on line retail is already having a profound effect on the store and it’s going to go way past Click & Collect.
Blog Topics: Retail Management System
The Big Four: Who's Winning the Accounting Race?
Posted by Rick Yvanovich on Tue, Feb 14, 2012
Blog Topics: Financial Accounting Management Software
Optimizing expense management with digital receipt filing
Posted by Rick Yvanovich on Tue, Feb 14, 2012
An easy, cost-effective method for maximizing a company’s investment in automated expense management is the use of digital receipt filing for management of travel and entertainment (T&E) receipts.
Blog Topics: Retail Management System, Financial Accounting Management Software
Harnessing Analytics as a Means for Innovation
Posted by Rick Yvanovich on Tue, Feb 14, 2012
Ventana Research recently completed benchmark research on how finance departments use analytics makes clear that while they have a distinct competence in this area and execute the basics well, a majority of companies are immature in their use of advanced finance analytics. Regardless of industry or geography, few finance departments use predictive analytics or delve into important areas such as strategic profitability management.
This is of note because these undertakings are no longer difficult to pursue: With the growing availability of in-memory processing and the improved ability to work with large data sets, information technology now makes it possible for finance departments to embrace these to enhance the effectiveness with which they execute core functions.
Predictive analyticsis a powerful tool that most companies can use, but our benchmark research on finance analytics finds that only 11 percent of finance departments employ this technique. To be sure, predictive analytics typically are embraced to help plan and forecast, but they also are an especially effective monitoring tool that executives and managers could be using to focus attention on potential problems rather than always fighting fires after they’ve broken out.
Blog Topics: Talent Management, Financial Accounting Management Software
Cloud activity to explode in 2012
Posted by Rick Yvanovich on Mon, Feb 13, 2012
Key areas of growth in cloud activities include asset management, security monitoring, cloud service brokering, and service stacks
In testing cloud computing services and observing the growth of cloud activities, we've noticed that there are distinct phases that organizations go through in adopting cloud.