BI and Performance Management

On Friday IBM announced its new Finance Transformation Workbench tool to help CFOs identify underperforming finance functions within their company and identify new opportunities to transform and improve the finance function. According to the 2008 IBM Global CFO Study, one-third of CFOs and senior finance executives stated they are ineffective at measuring and monitoring business […]

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[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.] How To Turn Your Online Bill Pay Expense into a Revenue Stream [NACHA Payments] Peter Gordon Partner, eCom Advisors Synopsis from Conference Program For a decade, banks' rapidly increasing expenditures on EBP have been justified on concepts […]

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[I am in Las Vegas for the TAWPI Payments in Transition conference – these are my notes from one of the sessions. An index of all of the sessions and links to the rest of my notes is here. - EMc] Keynote: Unlocking the Value of Your Customer DataMalcolm Netburn, Chairman and CEO of CDS […]

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Last week I posted about how CFOs need to be more strategic and lead change, now I am following up with this tidbit from Frank Buytendijk's business intelligence blog on CIOs as change agents: It is the current best practice to define the role of the CIO as a change agent within the organisation. He/she […]

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Information for everyone! The latest Treasury & Risk explores how mid-level managers are enjoying the drill down capabilities and real time metrics reporting of business intelligence dashboards. A case study featuring Dow Corning demonstrates how dashboards support a company wide dispute management system, providing dispute coordinators and managers in sales, customer service, credit and collections […]

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Consolidation of the business intelligence industry continues as IBM makes a $4.9 offer for Cognos, a 9.5% premium over Friday's closing price. IBM has had a long standing partnership with Cognos. This is the third major acquisition this year: one month ago SAP offered $6.8 billion for Business Objects and in March Oracle bought Hyperion […]

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SAP is buying Business Objects for 4.8 billion euros ($6.8 billion) in a departure from its organic growth strategy. Up until now, SAP's largest acquisition was OutlookSoft earlier this year. Listen to the press conference tomorrow or listen to the replay. According to Business Object's Timo Elliott the plan is that CEO John Schwartz will […]

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Check out this exchange of posts between Frank Buytendijk (Oracle/Hyperion) and Tom Hudock (Online Business Systems) about the role of business in IT initiatives (they are particularly concerned with business intelligence but the sentiment holds true for all technology projects). Frank and Tom are dismayed that business leaders have taken a hands-off role in key […]

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The ERP + Performance Management challenge heats up as SAP acquires OutlookSoft in order to compete with Oracle (and it's recent acquisition, Hyperion)   Read more:SAP/OutlookSoft press releaseArticle at CFO.com

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If you are contemplating a Business Intelligence initiative (or in the midst of one) I strongly encourage you to read this post by Timo Elliott at the BI Questions Blog. He lists five fatal assumptions about BI and offers insight on how to avoid failure: 1. BI isn't about technology, it's about people.2. BI is […]

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Over at the EyeOnBI blog Mike Leano summarizes a recent Gartner presentation on the cost of "dirty data" – data that is inaccurate, incomplete, or duplicated. Gartner estimates that more than 25% of the data within Fortune 1000 companies is flawed, and will continue to be flawed for the foreseeable future at most companies. Gartner […]

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According to the WSJ, interim CEO Robert Fisher at the Gap, Inc. is counting on faster decision making and less bureaucracy to turn around the struggling clothing retailer.  Fisher hopes to combat high turnover in critical leadership roles by attracting and retaining creative talent. The company has become paralyzed by analysis and overly reliant on […]

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A recent article in CFO.com explores the benefits — and challenges — of implementing Business Intelligence (BI) capability company wide. Traditionally BI tools were deployed within silos and limited to tactical usage. Now BI is getting more strategic. Features of Strategic Business Intelligence Cross-function, department, and organization (vs. single function, siloed solution) Wide end-user usage: […]

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Lauralee Martin, CFO of Jones Lang LaSalle spoke at CFO Magazine's Corporate Performance Management conference in Chicago today. She shared how her company has developed a compensation program that drives performance across a wide spectrum of real estate and money management functions. The key to Jones Lang LaSalle's success is a balanced approach, simultaneously addressing […]

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Jim Flaws, CFO of Corning spoke at CFO Magazine's Corporate Performance Management conference today. He presented lessons learned as his company rode the wild wave of telecom enthusiasm and bust. In 1996 Corning spun off its healthcare and consumer products division (50% of sales) in order to focus on communications and display technologies. This proved […]

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