OneStream XF from OneStream is a financial performance management (FPM) platform offering planning, budgeting and forecasting, statutory consolidations and reporting. The company was founded in 2010 and has been self-funded, which means that until recently its marketing and brand recognition efforts have been limited. I reviewed the company’s statutory consolidation capabilities earlier this year.
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Topics:
Office of Finance,
Recurring Revenue,
Continuous Planning,
Financial Performance Management,
ERP and Continuous Accounting
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...
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Topics:
Office of Finance,
Continuous Planning,
Financial Performance Management
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:
Office of Finance,
Continuous Planning,
Cloud Computing,
Collaboration,
Financial Performance Management
Workday recently presented a technology summit for industry analysts. The presentations focused on Workday’s ongoing product advancements as well as its approach to employing emerging technologies. These technologies include artificial intelligence (AI) and machine learning (ML), robotic process automation (RPA) and bots utilizing natural language processing. Ventana Research uses the term “robotic finance” to refer to these technologies when used in the office of finance. In our view, they...
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Topics:
Big Data,
Data Science,
Mobile,
Machine Learning,
Office of Finance,
Continuous Planning,
Cloud Computing,
Collaboration,
Financial Performance Management,
ERP and Continuous Accounting
OneStream XF from OneStream Software is a financial performance management (FPM) platform available on-premises or in the cloud. The company is a relative newcomer (it started in 2010) but its founders are industry veterans and it has a long list of referenceable customers. Being self-financed, it only recently began to raise its market profile. Its SmartCPM system consists of software for statutory financial consolidation, planning, forecasting, budgeting and reporting that’s used primarily by...
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Topics:
Office of Finance,
Continuous Planning,
Analytics,
HRMS,
Financial Performance Management,
ERP and Continuous Accounting,
Sales Planning and Analytics
The use of blockchain distributed ledgers in business processes is now a common theme in many business software vendors’ presentations. The technology has a multitude of potential uses. However, presentations about the opportunities for digital transformation always leave me wondering: How is this magic going to happen? I wonder this because the details about how data flows from point A to point B via a blockchain are critically important to blockchain utility and therefore the pace of its...
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Topics:
Planning,
Predictive Analytics,
Forecast,
FP&A,
Machine Learning,
Reporting,
budget,
Budgeting,
Continuous Planning,
Analytics,
Data Management,
Cognitive Computing,
Integrated Business Planning,
AI,
forecasting,
consolidating
Ventana Research uses the term “predictive finance” to describe a forward-looking, action-oriented finance organization that places emphasis on advising its company rather than fulfilling the traditional roles of a transactions processor and reporter. Technology is driving the shift away from the traditional bean-counting role. The cumulative evolution of software advances will substantially reduce finance and accounting workloads by automating most of the mechanical, rote functions in...
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Topics:
Planning,
Predictive Analytics,
Forecast,
FP&A,
Machine Learning,
Reporting,
budget,
Budgeting,
Continuous Planning,
Analytics,
Data Management,
Cognitive Computing,
Integrated Business Planning,
AI
Prophix is an established provider of financial performance management (FPM) software for planning and budgeting, forecasting, analysis and reporting, and managing the financial close and consolidation process. Its eponymous software is designed specifically for midsize companies or midsize divisions of larger corporations. These organizations are a distinctive segment of the market in that they have almost all the functional requirements of large enterprises but have fewer resources to apply...
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Topics:
Planning,
Office of Finance,
Reporting,
Budgeting,
Consolidation,
Continuous Planning,
Analytics,
Business Intelligence,
Collaboration,
Financial Performance Management,
Integrated Business Planning,
accounting close,
Price and Revenue Management,
Work and Resource Management,
Sales Planning and Analytics
In 2016 Unit4 acquired Prevero, a financial performance management software company. The acquisition reflects a trend toward the convergence of transactional and analytical business applications. ERP and financial management software vendors increasingly are adding analytic capabilities – especially in financial performance management (FPM) – to the core functions of transaction processing and accounting in order to broaden the scope of their offerings. The integration of transaction processing...
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Topics:
Marketing,
Office of Finance,
Continuous Planning,
Analytics,
Business Intelligence,
Cloud Computing,
Collaboration,
Workforce Management,
Financial Performance Management,
FPM,
Work and Resource Management,
Operations & Supply Chain,
Sales Planning and Analytics
Longview recently completed the acquisition of Tidemark Systems, a planning software vendor. Longview Plan powered by Tidemark is a suite of cloud-based applications that enable corporations to plan, assess performance and communicate results more effectively. The software facilitates what Ventana Research calls “continuous planning.” This is a highly collaborative, action-oriented approach to planning that relies on frequent, short cycles to rapidly create and update integrated company-wide...
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Topics:
Mobile,
Office of Finance,
Recurring Revenue,
Continuous Planning,
Analytics,
Business Intelligence,
Financial Performance Management,
Price and Revenue Management,
ERP and Continuous Accounting,
Sales Planning and Analytics