Sponsored by Host Analytics

Learn how to address the many challenges of an under-powered or overly rigid financial consolidation system with a modern solution.

• Author: BPM Partners
• Date: March 2016
• Pages: 7
• This white paper is available for Instant Download

Executive Summary:

All companies know they require planning and forecasting software to replace spreadsheets, but many do not think they need a financial consolidation solution. If they require just minimal or no currency conversion, or have only one general ledger, they often tolerate the struggle to get through quarterly and year-end close and reporting manually. As other processes in Finance are improved, though, the difficulties in the financial close stand out more.

Sponsored by Centage

• Warning signs that indicate it’s time to make the move, and steps to minimize the costs and time frame required to implement.
• Author: BPM Partners
• Date: August 2013
• Pages: 12
• This white paper is available for Instant Download

Executive Summary:

When and how should an organization with revenues up to $250 million make its move from budgeting and forecasting that are based exclusively on spreadsheets, to a packaged application? How can the SME significantly lower its TCO (total cost of ownership) for a business performance management (BPM) solution? A valid starting point is to establish which processes urgently need automation and how dominant a factor implementation time will be in your system selection process. For some companies, especially those with very small IT departments, the amount of pre-configuration and built-in logic or financial intelligence are important; in other words, how ready the application is right out of the box.

Sponsored by IBM

• Why it’s strategically important, and what steps are required to automate the last mile of Finance.
• Author: BPM Partners
• Date: March 2011
• Pages: 15
• This white paper is available for Instant Download

Executive Summary:

The Last Mile of Finance is a term that describes the business processes and activities that take place between the trial balance and the filing of SEC‐required statements and other statutory reports. At present, the Last Mile has become much tougher to traverse due to new regulatory disclosure requirements including eXtensible Business Reporting Language (XBRL) and efforts to enhance Internal Controls over Financial Reporting (ICFR).   The penalties for getting financial statements wrong or filing them late can be extremely costly. They include Security Exchange Commission (SEC) fines and technical defaults on debt and bonds, not to mention negative exposure on stock price and a higher cost of capital. Simply put, organizations have strong motivation to avoid these penalties.