THIS is what the New Generation of Business Analytics looks Like

Adaptive insights, cloud cpm software, corporate performance management, business budgeting software, budgeting and forecasting, visual analytics, financial reporting software, financial consolidationThere’s never been a more exciting time to be a business leader. If you’re thinking, “reporting on the past, closing the books, and creating process controls is not my definition of exciting,” you’ll love the changing role of the office of the CFO.

In the new world, CFOs spend less time looking in the rear view mirror. The new generation of finance leaders is firmly positioned at the center of the organization, looking out toward the future and engaging their formidable analytical skills for strategic purposes. In this bigger, more strategic role, finance needs an organization-wide view of the business – and they need new kinds of tools to gather and synthesize data from across the company to extract insights that lead to fast, well-informed decisions.

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Can Data Analysts & IT Pros Finally Align Around Business Objectives?

Adaptive insights, cloud cpm software, corporate performance management, business budgeting software, budgeting and forecasting, visual analytics, financial reporting software, financial consolidationGiven the increased importance companies worldwide are putting on big data analytics, it should come as no surprise that demand for “Data Analysts” is nearing a frenzy. BusinessDay is even calling it the “choice job of the 21st century”.

While more data-driven decision-making is a largely positive shift for organizations, the growing popularity and demand for data analysts – financial data analysts in particular – has put more of a maintenance burden on IT teams.  As analysts adopt new data discovery tools, IT is often left “holding the bag” – charged with solving difficult technical issues when integrating new tools with existing applications and scaling use of those tools throughout the organization. Quelling this conflict is at the core of the new Adaptive Insights 2014.2 release.

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Leading with Financial Analysis: Accelerating The Information Loop

Adaptive insights, cloud cpm software, corporate performance management, business budgeting software, budgeting and forecasting, visual analytics, financial reporting software, financial consolidationNew technology that’s transforming financial strategy, management, and information collection has business information traveling faster than ever. It’s a trend that has helped to position corporate finance teams to better help the CEO and Board set corporate strategies.

But there’s one thing every finance executive should know if they want to take advantage of the opportunity to become a strategic authority within their company: The level of leadership and influence finance can provide is directly associated with how quickly the team can produce valuable financial metrics to influence business decisions.

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Cloud & On-Premise Software: The Ying & Yang of Business Technology

Guest blog by Daniel Caringi, National Solutions Manager, BDO Canada LLP Solutions

Daniel Caringi (@dancaringi) helps business leaders connect technology to strategy with business solutions that promote financial and operational effectiveness.   To read more about Technology and Business visit the Driving Business Transformation Group and Blog.By now, most have heard of cloud computing. Many of us use it every day, and for the most part we have a general idea of what it can do and how it can help us more efficient, successful businesses.

What many still struggle to understand is how cloud computing has quickly become to the “Yin” to traditional, on-premise software’s “Yang.” Cloud computing and on-premise software could not be more different, in both purpose and design. In true Yin-Yang fashion, however, these two opposite technologies are beginning to form a balanced symbiosis to give solutions for many businesses.

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AdapTip Tuesday: Financial Planning & Consolidation Using Multiple Currencies

Adaptive insights, cloud cpm software, corporate performance management, business budgeting software, budgeting and forecasting, visual analytics, financial reporting software, financial consolidationOur Tuesday Tip blog series may have a new name, but we’re still giving out the same level of valuable financial advice.

Today’s topic? Multi-currencies: something that’s increasingly popular among Adaptive customers, who are among the fastest-growing companies in each of their industries (just look at the pace at which they’re issuing IPOs).

That incredible growth often means companies are expanding geographically and opening locations around the world. This inevitably introduces new financial complexities, such as creating more financial plans and budgets, using multiple currencies, and consolidating several entities.

Luckily there’s an easy way to manage that.

Adaptive Planning and Adaptive Consolidation have several features to streamline finance processes within companies using multiple currencies. Auto detection of the user’s locale. Auto recognition of accented and ideographic characters that are not part of the ASCII (A to Z) set. Numbers in sheets and reports displayed in the proper format according to the user’s locale. Dates displayed in the geographically correct manner.

The list goes on. And today, we’ll briefly run through how Adaptive simplifies three otherwise complex components for companies budgeting, planning, and consolidating using multiple currencies.

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The Mindset of an Entrepreneurial CFO: A Podcast with Adaptive Founder & Chairman Rob Hull

Adaptive Insights Corporate Performance Management Business Intelligence Integrated Software Suite LinkedIn Adaptive Customer Group Best Practices Technology Industry Leadership Enterprise Performance Management Rob Hull

Rob Hull, Founder & Chairman, Adaptive Insights

Before Rob Hull became founder & Chairman of Adaptive Insights, he was a CFO like so many of Adaptive’s worldwide customers. His path to becoming a CFO was an nontraditional one, having come from a managerial background rather than an accounting one.

Throughout the various roles in his career, from coder to analytical services management, Rob’s process management acumen helped ease his transition into a finance leadership position.

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The Secret to Increasing Financial Productivity without Increasing Headcount

Adaptive insights, cloud cpm software, corporate performance management, business budgeting software, budgeting and forecasting, visual analytics, financial reporting software, financial consolidationNeed to get more work done? Hire more people.

It’s a reasonable first reaction for any department leader, including those in finance.

More heads = more production.

Of course there are times when hiring and adding headcount makes sense for your organization.  For example, you’ll need finance teams at new remote locations as your business expands into regions and you add more offices. You need CFOs and controllers and other experienced finance professionals to analyze the data and provide strategic guidance to the rest of the business.

But some of today’s most efficient finance teams are leveraging new business intelligence and performance management technology to create productivity-boosting processes while maintaining the same headcount. They’re not growing their teams or getting current employees to work harder.  They’re instead helping employees to work smarter, and they’re doing it with financial automation technology.

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