To assist in delivering improved overall business performance, CFOs have reasserted their role as owners of both financial and management information and processes. A corporation with the right processes in place is able to turn its attention to added value finance: evaluating strategies, assessing how to drive top line growth, improve the bottom line, and using assets more effectively. Most management processes are linked to each other in one way or another. Budgeting and planning, for instance, are intrinsically intertwined with other financial processes like consolidation, reporting, risk management and analysis. These processes, in turn, provide critical insight for managing risk, steering corporate performance and shareholder value, as well as making strategic decisions.
Recent TRG blog posts
Managing risk through better planning
Posted by Rick Yvanovich on Thu, Feb 2, 2012
Blog Topics: Planning and Budgeting, Enterprise Performance Management (EPM)
Corporate Performance Management Heats Up
Posted by Rick Yvanovich on Thu, Feb 2, 2012
“The market for corporate performance management (CPM) suites continues to grow rapidly,” declared Gartner in its latest Magic Quadrant for CPM suites. Why? Gartner explains: “because CPM has helped to manage cost optimization efforts and is now increasingly employed in supporting growth-based strategies.”
That certainly was what led the AAA in west/central New York to opt for CPM from Prophix Software. “We’re able to provide our executive team with business information faster than ever before and do analysis on the information so they can see why something is up or down,” said Kristy Chapman, the auto club’s financial planning and reporting manager.Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
Singapore Petroleum improves budgeting with Infor CPM
Posted by Linh Dao on Fri, Jan 20, 2012
"We don't have to spend a lot of time training users on a new system." —MS. WONG WOON CHUN, MANAGER, MANAGEMENT SERVICES DEPARTMENT, SINGAPORE PETROLEUM COMPANY LIMITED.
Blog Topics: Planning and Budgeting, Enterprise Performance Management (EPM)
Workload Automation Challenges and Opportunities
Posted by Rick Yvanovich on Mon, Jan 16, 2012
Enterprise IT workload environments are becoming more complex, dynamic, and unpredictable. Traditional static batch processing workloads are being run side by side with dynamic business-critical composite applications and process flows that can have highly variable resource consumption requirements and peak hours.
Blog Topics: Talent Management, Enterprise Performance Management (EPM)
Intelligent Performance Management
Posted by Rick Yvanovich on Fri, Jan 13, 2012
Blog Topics: Talent Management, Enterprise Performance Management (EPM)
Hitachi Automotive Strengthens Financial Reporting with Infor
Posted by Rick Yvanovich on Wed, Nov 30, 2011
Infor Performance Management Consolidates Financials with Robust Functionality and Simplified Data Access
Infor, a leading provider of business application software serving more than 70,000 customers, today announced that Hitachi Automotive Systems Americas, Inc., a top automotive systems manufacturer, has expanded its relationship with Infor by implementing Infor10 Corporate Performance Management (PM10) to consolidate budget processes and facilitate more efficient and detailed financial reporting. Hitachi Automotive employees now have access to comprehensive data from each of Hitachi's five locations operating Infor CPM, enabling both faster financial approvals and simplified data retrieval. Additionally, the scalability and multi-currency functionality of Infor CPM will play a key role in Hitachi's global growth initiatives, including plans for a new facility outside the United States.
Blog Topics: Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)