Join Us at Ascend 2019—Take Your Next Journey to BI360 Growth
New Conference Name…Same Awesome Location…Better Learning and Networking Need a quick business data management pick-me-up? Want to hone your BI360 skills or even become your organization’s next BI360 guru? Then you’ve got to come to Ascend 2019, August 19-22 at the Hyatt Regency Huntington Beach. It is Solver’s reimagined annual BI360 partner and user conference, taking the place of Focus, Solver’s previously successful event. You might be asking why the change? For one thing
The Benefits of Using a Data Warehouse
This article describes the value in organizing and visualizing data. Having a clear view of your company or organization’s performance enables strategic decisions. Having access to a clear view of your company’s performance to begin with, however, can be a major obstacle for many organizations. As the big-picture of a company’s performance combines different types of data, accurately gathering and uploading data into a single location can be arduous or sometimes, impossible
Top Advantages of Using the Cloud
This article focuses on the benefits of using cloud-based software. Selecting the correct implementation strategy for a particular new application you are considering can be daunting. Many organizations today are adopting a “cloud first” strategy when deploying new applications, but what makes sense for your business? When thinking about the answer, hosts of other questions arise, “Does this approach work in all cases for all of my applications?” “What are the security and i
The Most Efficient Reporting & Analysis Tools
This article will break down the best-in-class corporate performance management solutions as described in the e-book “Enabling World-Class Decisions” Reporting and analysis, previously a centralized, corporate activity with an executive audience, has evolved into an increasingly democratic practice. Today, leading organizations are “democratizing” information by making relevant ad-hoc analysis, reports and dashboards available near real-time for rank and file employees. In
The Benefits of Budgeting with Budget Templates Part 2
This article focuses on part two of the importance of budget templates series. In part 1 of the series of The Benefits of Budgeting with Budget Templates, it is mentioned that budgeting is a topic that is not very popular in many companies, and the process may seem like a headache to many employees. Although a pain, it is necessary to communicate the importance of a budget to the entire company so the employees take ownership of it. In this article, we will continue the discu
The Benefits of Budgeting with Budget Templates Part 1
This article focuses on the importance of budgeting. Budgeting is a topic that is not very popular in many organizations, and it can be an extremely time-consuming project for many employees. This is why it is important to communicate the significance of a budget to all employees so they take pride and ownership of it. A tip is to not make complex templates as the goal is an estimate for the coming year. If employees can’t have small variances, then they will make decision
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More and More Companies Are Trusting the Cloud With Their Data According to a recent Forbes article, Cloud revenue in the second quarter of 2018 grew at amazing rates for Microsoft, IBM, and SAP. Companies are spending billions of dollars to move their core business applications to the Cloud. These are not just the mundane applications that calculate depreciation on equipment we are talking about. Companies are moving their entire sales processes to the Cloud where the mos
How to Build a Corporate Performance Management Solution
How to Build a Corporate Performance Management Solution Let’s talk about strategy and goals. There are many reasons for communicating strategy but very few organizations include strategy as part of the planning process. The managers and employees who are involved in the budgeting and forecasting process should know the strategy and goals prior to planning, but it also should be front and center while entering the data. A goal of the company should be to provide the strateg
The Best Way to Improve Your Organization’s Internal Processes
This article focuses on the importance of process improvements and KPIs. How do you create a best-in-class process? And how do you implement it across the organization? These are some of the questions that may come to mind when thinking about process improvements. Our organization changed the monthly reporting as well as the monthly financial process, and the analysis process has become more effective. Prior to the changes, the financial statements were emailed out to the ex
Creating a Closed-Loop Planning, Reporting and Analysis Process
This article will concentrate on improving these tasks and processes and ensuring that the strategy is aligned with the reporting, planning, and analysis. Every company has many tasks and processes, but a key question to ask the team is whether there is a purpose for them and if it has an impact on the decisions being made in the organization. At the same time, can managers make the correct decisions with the information being provided, and are they capable of knowing when a
