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New Revenue Recognition Rules Require Software

For most of the past decade businesses that decided not to pay attention to proposed changes in revenue recognition rules have saved themselves time and frustration as the proponents’ timetables have slipped and roadmaps have changed. The new...

Posted June 3, 2015    

Order-to-Cash Cycle for Revenue Recognition

Revenue recognition standards for companies that use contracts are in the process of changing, as I covered in an earlier perspective. As part of managing their transition to these standards, CFOs and controllers should initiate a full-scale review...

Posted May 28, 2015    

Adaptive Insights Highlights Importance of Strategic Finance

Adaptive Insights held its annual user group meeting recently. A theme sounded in several keynote sessions was the importance of finance departments playing a more strategic role in their companies. Some participating customers described how...

Posted May 1, 2015    

SaaS Buyers and Customers Beware: Data Issues Are Cloudy

There’s a long history of companies not paying close enough attention to the contractual elements of acquiring software. Today, this extends into the world of cloud computing. Many companies are choosing to acquire software services through cloud-...

Posted April 29, 2015    

Deciding When to Replace ERP Is Complicated

A company’s enterprise resource planning (ERP) system is one of the pillars of its record-keeping and process management architecture and is central to many of its critical functions. It is the heart of its accounting and financial record-keeping...

Posted December 22, 2014    

Intacct Improves Cloud of Collaboration, Payments and Reporting

Financial management software provider Intacct recently held its fourth annual user conference. In addition to a long list of enhancements in current and upcoming product releases, the company used the occasion to announce Intacct Collaborate,...

Posted November 27, 2014    

Data-Driven Business Processes Essential for Optimization

When applying information technology to drive better business performance, companies and the systems integrators that assist them often underestimate the importance of organizing data management around processes. For example, companies that do not...

Posted October 17, 2014    

Oracle Financials Is in the Cloud

Like most vendors of on-premises ERP and financial management software, in moving to the cloud Oracle has focused on developing for existing and potential customers the option of multitenant software as a service (SaaS). (I’m using the term “ERP” in...

Posted September 23, 2014    

The Interplay of Software and Hardware with Business and Consumers

“What’s next?” is the perennially insistent question in information technology. One common observation about the industry holds that cycles of innovation alternate between hardware and software. New types and forms of hardware enable innovations in...

Posted September 12, 2014    

Businesses Must Make Self-Service Reporting a Priority

One of the charitable causes to which I devote time puts on an annual vintage car show. The Concours d’Élegance dates back to 17th century France, when wealthy aristocrats gathered with judges on a field to determine who had the best carriages and...

Posted August 4, 2014    

Finance Analytics Requires Data Quality

Our research consistently finds that data issues are a root cause of many problems encountered by modern corporations. One of the main causes of bad data is a lack of data stewardship – too often, nobody is responsible for taking care of...

Posted July 6, 2014    

Epicor Faces a Challenging Future

Epicor used its recent user group conference to explain its strategic direction and product roadmap. The company is the result of multiple mergers of business software corporations over the past 15 years; its target customers are midsize companies...

Posted July 2, 2014