Financial management software provider Intacct recently held its seventh annual user conference. In addition to a long list of enhancements in current and upcoming product releases, the company used the occasion to announce Intacct Collaborate, a capability built into its software that enables finance and accounting organizations to work together to answer questions or resolve issues while performing a process. Our benchmark research shows that collaboration ranks second in importance behind analytics as a technology innovation priority. Collaborative capabilities in software will multiply over the next several years as software transitions from the rigid constructs established in the client/server days, which force users to adapt to the limitations of the software, to fluid and dynamic designs that mold themselves around the needs of the user. A while back, I noted that finance and accounting organizations need collaborative capabilities although they might not realize it. At the same time, finance departments have their own requirements for these systems that reflect the character and constraints of the work they do. This means narrowcast, not broadcast, feeds (Finance doesn’t want a Facebook or Twitter experience because it considers much of what it does to be confidential) and in-context collaborative capabilities to simplify the working environment.
Topics: Analytics, Business Analytics, Business Collaboration, Business Performance, Chatter, Cloud Computing, cloud ERP, Collaboration, Dashboards, ERP, Financial Performance, FinancialForce, Intacct, NetSuite, Performance Management, Reporting, Sales Performance, Salesforce.com, Office of Finance, Human Capital Management
Salesforce.com made a surprising announcement of its agreement to acquire Rypple, a software company that defines its product as a social goals application. I call this a surprise because although Salesforce has been extending its reach beyond sales and customer service to IT in providing a platform, tools and a database for building applications and storing data in the cloud, until now it has not entered directly into other lines of business. After its annual Dreamforce conference last summer, I analyzed the company’s strategy and products. Now I want to consider what this acquisition means for Salesforce and the human capital management market.
Topics: Business Applications, Business Performance, Business Technology, Chatter, Cloud Computing, CRM, Customer & Contact Center, HR, Human Capital Management, Information Management, Marketing, Operational Performance, Oracle, Sales Performance, SalesCloud, Salesforce.com, SAP, SFA, Supply Chain Performance, Talent Management, Workforce Performance, digital technology, CFO, CIO, COO, Service Cloud
Tibco recently introduced Spotfire 4.0, the most recent version of its interactive discovery and business intelligence (BI) tool. Spotfire comes at BI through visualization. It uses in-memory processing and good user interface design to develop highly interactive displays of data. Version 4.0 attempts to enhance Spotfire’s dashboard capabilities and offers integration with enterprise collaboration tools. The former capabilities are necessary to broaden Spotfire’s appeal and applicability for more BI projects, but the latter capabilities are more interesting since they represent a fundamental shift in the way enterprises use business intelligence.
Topics: Business Analytics, Business Intelligence, Business Performance, Chatter, Collaboration, Customer & Contact Center, Dashboards, Financial Performance, Operational Performance, Sales Performance, Social Media, Spotfire, Supply Chain Performance, Tibco, Twitter, Workforce Performance, Sales
At the Dreamforce conference, Salesforce.com (NYSE:CRM) CEO Marc Benioff unveiled the latest evolution of the company’s strategy and supporting technology for cloud computing and mobile technologies. Its aim is to enable businesses to engage with customers and prospects via social media channels – what Salesforce calls the “social enterprise” – and empower employee and customer social networks to operate individually and together. Note I did not mention CRM, which doesn’t have a role in this platform for basic interactions with prospects and customers and is accompanied by a large ecosystem of partners that provide dedicated marketing and contact center applications. As summarized in its announcement, Salesforce’s strategy is clearly different from that of others in the applications market, including Oracle and SAP, which have products for the cloud computing environment and have made strides into integrating collaboration and social media capabilities into their applications.
Topics: Business Analytics, Business Collaboration, Business Mobility, Business Performance, Chatter, Cloud Computing, CMO, Collaboration, CRM, Customer & Contact Center, DF11, Financial Performance, Marketing, Operational Performance, Sales, Sales Cloud, Sales Force Automation, Sales Performance, Sales Performance Management, Salesforce.com, Service Cloud, SFA, Social Media, Workforce Performance, Mobile