Independent team concept and game changer business organization or political movement change symbol and disruptive group innovation icon as a sn organized set of jet airplanes breaking through the establishment with 3D illustration elements.--Corporate Performance Management (CPM).

Adaptive Insights CEO: Why Corporate Performance Management Will Disrupt Financial Forecasting

The annual corporate financial plans that have long been a business staple seem almost quaint in the context of today’s breakneck business pace. The hottest new concept is corporate performance management, known as CPM, an evolution of business intelligence that gathers data from around the organization in a closed-loop process of continuous adjustment. The intent is to make the company more nimble and responsive to changes in its environment.

Adaptive Insights Inc. was one of the first companies to provide a cloud-based CPM solution and, with more than 3,000 customers, has broken into a market that includes some of the largest software vendors. It has raised $176 million in the process. Its chief competitor, Anaplan Inc., has raised $234 million and recently lured Red Hat Inc. CFO Frank Calderoni to become president and chief executive.

In an interview with SiliconANGLE, Tom Bogan, CEO of Adaptive Insights, said these moves testify to the promise of the CPM market.

Watch the webcast “Effective CPM: Integrating Finance and Operational Planning”

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CFOs, Don’t Get Left Behind. The Analytics Revolution Is Here to Stay.

Analytics is arguably one of the top tools driving business today. As the discipline matures and technology advances, many companies are finding analytics to be an absolute necessity to better gauge a wide range of factors that directly affect their business—from customer demand to weather patterns.

But is finance at the center of the analytics revolution? According to a recent study, only 30% of respondents say FP&A is a priority where accessing information and analytics capabilities is concerned. In other words, the very people who need the tools the most don’t appear to have access to them. This makes it challenging for FP&A to drive analytics if they don’t have what’s necessary to succeed.

Watch the webcast “Creating and Owning a Culture of Analytics: How CFOs can Transform FP&A”

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Rolling Forecasts Help ZAGG Save $8 Million

When ZAGG missed its guidance estimates of net sales by 33% a few years back, the mobile accessories company turned to Adaptive Insights for a cloud finance solution that enables active planning—planning that’s collaborative, comprehensive, and continuous.

Today, ZAGG has the analytics and insights it needs to understand key business drivers and quickly develop accurate product forecasts. Continue reading

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Active Planning: The Answer to FP&A’s Biggest Problem

Sometimes the first step toward solving a problem is defining it. Give it a name, and the challenge becomes easier to get your hands—and head—around.

Then, if you can identify the clear solution, well, now we’re talking.

That’s the process we recently underwent at Adaptive Insights. We focused on identifying the near-universal problem that vexes FP&A: How can FP&A become more invested in the strategic analysis aspect of finance and engage operations in the planning process?

You know the drill. Finance does most of the work while others are called upon to “submit input.” The process is considered drudgery by many and a necessary evil by others. In addition, it prevents finance pros from adding optimal value to their organizations or reaching their full potential.

Watch the webcast “Put an End to Inefficient Planning Cycles”

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How to Improve Your Financial Budgeting Process

What’s inefficient, hinders corporate progress, and stifles productivity? You guessed it—the financial budgeting process.

In an era where the modern CFO is steadily emerging as a strategic force—armed with real-time data and game changing insights—it’s clear that old-school, static budgeting procedures just don’t make the cut. An active budgeting process, on the other hand, is collaborative, comprehensive, and continuous—and can increase buy-in and accountability throughout the organization.

So why do business finance professionals today still struggle with traditional financial budgeting? We’ve broken it down to the following four reasons based on the Harvard Business Review’s white paper, “The Annual Performance Trap: Why the Budgeting Process Must Change.”

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5 Steps to Bringing Your Analytics A-Game in 2017

There is a burning need for FP&A teams to become more strategic partners to business. When we surveyed more than 300 finance leaders for the Adaptive Insights CFO Indicator Q2 2016 report, 75% said they wanted their teams to have a significant and strong impact on their organization—but only 46% believed they could have that kind of impact by 2017. What was the disconnect? The chief reason cited was a lack of time for strategic planning.

With 2017 now underway, it’s clear that visionary finance leaders need to reimagine the very ways that FP&A teams function and collaborate—and usher in a new shift in culture. Kerman Lau, vice president of finance at Adaptive Insights, and Hitesh Peshavaria, a partner and advisory leader at Deloitte, recently discussed this in a webinar. They offered practical steps that FP&A leaders can take to realize a culture of analytics—where FP&A spends less time on manual and transactional tasks, and more time on analysis and generating strategic insights.

Watch the webcast “Creating and Owning a Culture of Analytics: How CFOs can Transform FP&A”

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CFOs Report: KPIs, Team Skills, & the New Chief Data Officer

Throughout 2016 we surveyed more than 1,300 CFOs on topics ranging from their relationship with CEOs to multiple scenario planning to hiring plans to the tracking of nonfinancial KPIs. While the topics are varied, one commonality emerged: The expectations for CFOs and their teams continue to rise. As finance increasingly is integrated deeper into the business—no longer just a gatekeeper, but a true partner—CFOs reported on key changes they and their teams are experiencing or expect to experience in the coming years. Continue reading

NASHVILLE, TENNESSEE-FEBRUARY 4, 2015: The Grand Ole Opry is a landmark in Nashville, Tennessee that beckons country music fans from around the world.

Country Music Association Walks the Line with Cloud Finance

At Adaptive Insights, we love to see how our cloud-based corporate performance management software can help organizations make a difference in the world. A standout customer in this regard is Nashville’s nonprofit Country Music Association (CMA).

One of CMA’s biggest initiatives—the CMA Foundation—is to enhance music education in public schools. Swapping Excel for the Adaptive Suite has allowed the foundation to streamline its budgeting and forecasting processes. This has in turn minimized the operational expenses of its fundraisers so that more revenue can be donated to schools. Continue reading

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3-Step Guide to Automating Consolidation

It’s no secret that CFOs want to be more strategic. So what’s holding finance back? It’s the old-world tools they’re using for routine tasks, such as the financial close and reporting, which add risk and drain time and resources.

Take financial consolidation as an example. Many companies use spreadsheets to manage intercompany eliminations and allocations, which is time-consuming and error-prone—and this manual work slows down the entire close. According to Ventana Research, only 38% of companies can close their quarterly books in six days or less.

So how can you improve your process to execute faster and provide critical financial information sooner? Here’s a three-step guide.

Watch the webcast “Take the Pain Out of Financial Consolidation”

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5 Ways FP&A Can Build Better Relationships in 2017

Who says relationship advice has to be limited to glossy magazines in the newsstand rack? After all, developing healthy relationships between FP&A and business partners is critical to improved collaboration, better decision-making, and stronger performance.

Consider the results of an Ernst & Young study that found companies perform better, have stronger employee engagement, and experience higher degrees of productivity if their chief human resource officer (CHRO) and CFO have a strong relationship. In the report, 80% of CFOs and CHROs say improving their working relationship led to measurable improvements in workforce productivity and even company earnings.

Watch the webcast, “CFO Indicator Q4 2015: Collaborative Finance Organizations: The Way Forward in Business Transformation”

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