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EVERYTHING YOU THINK YOU KNOW ABOUT ENTERPRISE PERFORMANCE MANAGEMENT IS WRONG
COUNTING BEANSThe traditional analytics offerings – big and bulky and still relevant for some analytics jobs but inflexible, slow and expensive.
EXCEL HELLAnalytics on 250 separate Excel documents. Risky, complex and understood by only a select few within an organization.
COLLABORATIVE AND MOBILE BUSINESS PLANNINGNew business performance management offerings leverage the cloud on any device, involving people from across the business to drive a data-driven culture.
Enterprise Performance Management (EPM) solutions have definitely evolved through the ages.
Today you need new ways of looking at your business and modeling change — not the unkept
promises of slow, expensive and unreliable legacy solutions. There is a better way.
TODAYYEAR 2000 YEAR 2007
THEY NEED REAL-TIME INSIGHT, CONTEXT AROUND DATA, AND COLLABORATION CAPABILITIES TO TAKE THEIR BUSINESS TO THE NEXT LEVEL
The Cloud is the way smart businesses do business – and it’s here to stay.
IDC[2] research predicts cloud technology spending will grow by 25 percent in 2014, reaching over $100B.
Mobile is now the de factoway for business users and consumers to devour and act on data.
Modern business analytics use context to pinpoint where to place resources so that your business runs more efficiently. Would you rather use a GPS or a fold out map? We thought so.
Your finance department is only one department – but by integrating all departments and roles within your organization, budgeting and forecasting becomes dynamic and effective. No more Excel Hell – need we say more?
COLLABORATION IS KEY
CFOs need modern solutions to realize the full potential of their business –
they need platforms built for the cloud, for any mobile device, and
designed to take in real-time data from virtually any source.
REAL TIME INSIGHT FROM BIG DATA AND MODERN SYSTEMS GIVES CFOS THE DATA THEY NEED TO IMPROVE DECISIONS, REDUCE RISK AND IMPROVE PERFORMANCE
Using old data is like choosing your clothes based on yesterday’s weather report. Hope you don’t forget your umbrella!
CONTEXT AROUND DATA – YOU NEED IT TO EXTRACT VALUE
They need solutions that replace annual budgeting with planning that are always current, saving time and resources and driving a culture of performance across the company. Only then will they move from bean counters to business performance management champions.
Still considering keeping your legacy EPM platform?
CONSIDER THIS: THAT’S LIKE MANAGING THE NEXT 10 YEARS OF BUSINESS PERFORMANCE WITH A PLATFORM BUILT FOR THE LAST 10.
ARE YOU READY TO MAKE THE CHANGE? START YOUR TRANSFORMATION TODAY AT WWW.TIDEMARK.COM
According to a July 2013 Gartner [1] report, CFOs stated their #1 priority in the
coming year is growth. And they state that business analytics and performance
management will be their most important tool for achieving growth.
CAN YOU AFFORD TO STICK WITH TECHNOLOGIES THAT CAN’T KEEP UP WITH THE PACE OF BUSINESS? And will you wait until your competition adopts them and you are left behind?
THE JOURNEY
WHY LEGACY EPM FAILS AND MODERN EPM PREVAILS
IS YOUR FINANCE DEPARTMENT READY FOR THE FUTURE?
The era of CFOs as gatekeepers who primarily oversaw transactions is over. The dark days of information trapped in systems only accessible by the few in finance are numbered.
To grow aggressively, companies need a modern approach to business analytics. They need applications that are cloud-based, mobile-first and field ready.
ADVANTAGES TO A CLOUD-BASED, MODERN APPROACH TO BUSINESS PERFORMANCE & ANALYTICS
With legacy systems it can take weeks to close the books, but businesses
today move in real time.
ADVANTAGES
THE AVERAGE COMPANY SPENDS 4 MONTHS BUDGETING USING LEGACY TECHNOLOGIES. Error prone spreadsheets are usually to blame, and they’re costing companies 4 months every year that could be spent more productively.
THE AVERAGE COMPANY SAVES 25 DAYS by transforming their analytical processes with modern business performance management that enables fast, accurate, and pro-active decisions.
CFOs WHO DON’T EMBRACE THESE TECHNOLOGIES WILL BE LEFT BEHIND
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According to Gartner[1], CFOs are involved in 84% of all IT decisions. Making the right technology decisions has never been more important.
According to a recent survey by research and consulting firm McKinsey[3] & Co., more than a third of C-level executives predicted that successfully leveraging big data – along with mobile, social and cloud computing – would boost their operating profits by 10% in just three years.
The ability to see and share actionable visualizations that dynamically tell the story of a company’s performance in the context of data driven decisions that make sense of massive amounts of internal and external data in real-time. Data that everyone can see, share and understand.
STORYLINES™ MAKES IT CLEAR
Modern Solutions• Improve decision making• Reduce risk• Improve business performance
84%
THE CHOICE IS TO EAT OR BE EATEN
10%
FOOTNOTES[1] Gartner, July 31, 2013. Tech Go-to-Market: Best Practices for Selling Services or Solutions to CFOs
[2] IDC Worldwide ICT Industry Predictions 2014
[3] McKinsey & Company Global Survey, “Minding Your Digital Business”, 2012
Technologies that aren’t designed to work on every mobile device will lose market share in the coming year.
Q1 Q2 Q3 Q4
CLOUD MOBILE FIRST, WEB ALWAYS BIG DATA
Are you ready to again pay that $250K maintenance bill from your legacy vendor for zero innovation on a product that's 20 years old? Modern Performance Management in the cloud gives you more accurate, predictable results for competitive advantage, without the huge price tag.
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