Is your company in the process of selecting a new software for your business? Will you be involved in software implementation, but you’re concerned because you’re not very experienced in this kind of project or because you’ve experienced its fail before? Is your company seeing this as a business or an IT project?
The debate about the last question has a long history, but it’s hopefully a generally accepted view at this stage that a software implementation isn’t an IT project for its own sake, but to enable a business change, to become more effective, to free up time for more value-add activities, and to remain competitive. Read more
The annual budget is an essential business practice and needs to comply with some factors to be carried out to the best.
First of all, it has to be aligned and integrated with the organisation’s sales strategies and plans, as well as to be supported by a dedicated software.
Secondly, it is important to communicate the forecasts measuring KPIs, to automate the calculation of operational and financial data, to be fully integrated with the associated planning, forecasting and reporting exercises, and to reduce the time needed to complete the process.
At Learning Technologies 2018 in London recently, a presenter showed a collage of the most used applications for learning and asked how many the audience had used in the last week in their personal lives. Hands shot up everywhere in the audience. ‘How many have you used in your workplace last week?’ Some hands stayed up, most came down. ‘Wouldn’t we want the tools we find helpful, maybe even love, in our personal lives to enable us in the workplace?’ he continued to a wave of nods in the auditorium.
Financial reporting cycles are under greater pressure than ever before. New compliance standards, increased transparency expectations and heightened traceability levels have all contributed towards a sizeable shift in the way in which organisations report performance information. As a result, Corporate Performance Management (CPM) is now becoming widely embraced as it allows organisations to be more efficient monitoring and managing their performance.