Business Intelligence Blog from arcplan
13Jun/110

The Top 5 BI Projects That Never Pay Off (What’s Your BI ROI? – Part 2)

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Part 1 of our BI ROI series examined key questions to consider when evaluating the potential ROI of a new business intelligence project. As a company that’s implemented our solutions thousands of times and gone through just as many ROI justifications, we’ve come to think of ourselves as experts in this area…and not just with regard to what pays off, but also what doesn’t. And never will. Below are the top 5 BI projects that never actually produce a tangible financial return on investment. That doesn’t mean you shouldn’t tackle them ever – in fact, you may be forced to at some point. Read on:

  1. ‘Rip and replace’ your business intelligence platform.
    Replacing your existing platform as quickly as the wind changes poses a tremendous strain on resources to get to the exact place to where you are today. Don’t switch platforms just for the sake of switching. Your new BI project or platform should address a pressing issue or solve a problem. You may hear complaints like “the interface is too difficult” or “it takes too long to run reports” and think that a platform switch is the answer, but there are other investments you can make – like implementing a different front-end, or trying overnight batch processing – that will relieve your pains without costing a fortune (and taking years off your life).
  2. Regulatory/ legal requirements for reporting.
    Reporting standards, such as Sarbanes-Oxley (SOX), International Financial Reporting Standards (IFRS) and HIPPA for example, are mandatory regulatory requirements. A solution that helps make compliance more convenient is nice to have, but in reality these regulatory reports can be summed up as the cost of doing business. If you’re forced to implement BI to meet reporting requirements, you’re unfortunately just going to have to suck it up – this rarely pays off financially.

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28Apr/101

Takeaways from the FEI Leadership Summit 2010

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FEIWe just got back from the FEI Leadership Summit in Las Vegas where we met a ton of financial executives from organizations nationwide (and some from Canada!). We hosted a networking dinner at Neros in Caesar’s Palace and had the opportunity to meet one-on-one with many wonderful people with whom we hope to continue conversation in the future. Thank you to everyone who attended and generously spent your night with us.

arcplan’s own Kathleen Rohrecker is a member of FEI’s Committee on Finance and Information Technology and spoke on a panel called “The Corporate Performance Dashboard: Planning, Budgeting and Forecasting.” We thought it would be helpful to provide you with a summary of this panel, as well as links to some additional resources.

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