The challenges facing today’s finance leaders
I returned from CFO Magazine’s Corporate Performance Management Conference last week with a sense that many finance leaders are experiencing similar problems when it comes to achieving a holistic view of company performance. I like to reflect on the common themes after a conference, and after this one, I kept coming back to the theme of “one shared challenge.” As a vendor who exhibits at several conferences per year, we’re used to hearing about a multitude of BI/analysis/data issues, but at this event, everyone seemed to be on the same page.
arcplan sponsored the CPM Conference, held around the corner from our US headquarters at the Loews Philadelphia. It brought together 150 CFOs, VPs of Finance, Directors of FP&A, Controllers, and Analysts for three days of workshops, case studies and networking. We had plenty of time to speak with attendees, and it was remarkable how many times I heard the same challenge:
I can’t connect all of my data on one screen.
I talked to many people using IBM Cognos, SAP, Oracle, and other systems simultaneously with no method to make them all work together. The inability to easily share critical business insight across the organization was a hot topic during every networking break. Again and again I was asked how arcplan could solve the issue of everyone spending their time of the process of monthly data gathering and not on the analysis…
I’d like to extend an invite to our readers to attend CFO Magazine’s CPM Conference in Philadelphia at the end of this month (January 27-29 at the Loews Hotel). Attendees will learn best practices for linking finance with IT to drive performance, network with fellow finance professionals, earn CPE credits, and return to work with new ideas for maximizing corporate performance.
Check out the agenda, learn more about the event, and register here >>
arcplan is a Roundtable Sponsor, so we’ll be holding 2 roundtable discussions during breakfast on January 29th. You’ll need to sign up in advance for one of our topics:
Not Your Father’s Financial Statement
The standard financial reporting process that your organization uses to manage itself has been in existence for over a century. There is no reason why executives should settle for financial statements that were first designed prior to the existence of computers. Join us to discuss best practice techniques to visualize the data locked in your financial systems and alternative formats for your financial statements. Let’s talk about making your statements more visual and interactive with ratio analysis using radar graphs, historical performance using bridge and waterfall analysis – in effect, let’s discuss how to make your company’s financial data more consumable to a broader audience.
Next-Generation Budgeting for Contract, Capital and Indirect Projects
Your organization’s budgeting process used to be simple when your business wasn’t so complex. The act of revenue, expense and capital planning used to be a singular exercise. With many organizations moving to more project-based budgeting and planning for contract, capital and indirect projects, the challenge for modern-day CFOs is to keep up with each budgeting project as its own business unit. The session will review some of the key challenges associated with differentiating financial project planning vs. traditional program and project management planning, managing multiple budget threads and rolling up this data into a final integrated budget, identifying organization and resource constraints in a project-based organization, and utilizing technology to automate larger budgeting processes with the same amount of resources.
Will we see you at Corporate Performance Management 2013?
Join arcplan on Tuesday, August 7th @ 2pm Eastern for our free webinar on Best Practices in Budgeting, Planning & Forecasting/CPM Deployments, presented by our Senior Vice President for Solutions Delivery, Dwight deVera. This 60-minute webinar reviews a myriad of “know before you go” considerations for executives, finance teams, and planning professionals evaluating BP&F/CPM software.
- How to translate your planning process into system design requirements
- How to manage expectations and avoid scope creep
- The “gotchas” and obstacles you may face during deployment and how to overcome them
- Who should comprise your budgeting & planning team and their responsibilities
- The elements of an ideal budgeting & planning system
- And much more
We’ll also host a live Q&A at the end of the webinar.
You’ll come away from this presentation knowing everything it takes to achieve a successful technology deployment that enables you to dynamically adjust your plans on a monthly basis.
Hope to see you there.