Ventana Research Analyst Perspectives

AI Energizing HCM for Better Employee Experience

Posted by Steve Goldberg on Jul 30, 2018 9:25:27 AM

Over the last two years, investments in digital technologies such as artificial intelligence (AI) by nearly every major provider of HCM systems and tools have transformed the HR technology landscape. Many of the investments have gone into developing distinctive product capabilities, particularly capabilities that rely on machine learning technology.

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Topics: digital technology, Machine Learning and Cognitive Computing, Human Capital Management, HRMS, Learning Management, Payroll Optimization, Total Compensation Management, Work and Resource Management, Workforce Management, employee experience

Make Budgeting Easier for the Budget Owner

Posted by Robert Kugel on Jul 18, 2018 9:07:39 AM

Budget season is about to begin for many companies. I’ve spent a few decades doing research into – as well as thinking and writing about – the planning and budgeting processes in corporations. I’ve closely examined the role of the Financial Planning and Analysis (FP&A) group, which is usually charged with managing the corporate budget process. About seven years ago, I published a research note, Putting the ‘A’ Back in FP&A. In it I made the point that the time saved by using dedicated planning and budgeting software and therefore not having to deal with spreadsheet machinations would enable people working in FP&A to do what they were hired to do: Analysis.

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Topics: Office of Finance, Continuous Planning, Financial Performance Management

Workday to Acquire Adaptive Insights

Posted by Robert Kugel on Jul 1, 2018 11:09:06 PM

Workday will acquire Adaptive Insights for $1.55 billion in cash, with the transaction scheduled to close in the third quarter of this year. The combination adds Adaptive Insight’s well-developed cloud-based financial performance management software to Workday’s workforce and financial management suite. Workday says Adaptive will operate as a standalone business and continue with its current product strategy.

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Topics: Cloud Computing, Collaboration, Office of Finance, Continuous Planning, Financial Performance Management