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Popular Articles
Why Built-in vs. bolt-on for XBRL n Disclosure management
Goodwill Automation in SAP® BusinessObjectsTM Financial Consolidation, Starter Kit for IFRS
Time to chill out with SAP Finance and Controlling Accelerator
SAP ports HANA in-memory database to support BusinessObjects 10.0
Dow Chemicals speeds the financial close with SAP
To gain any benefit – Xbrl tagging must be in house
Disclosure Management – an easy nut to crack
Starter Kits for the Financial Close – an obvious choice
How to best support financial planning and consolidation systems
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Articles in category: Last Mile
1-19 of 19
Key Analytics Trends For 2013
Business analytics has evolved dramatically from its humble beginnings in core data warehousing more than 30 years ago. It’s evolved from simple, decision support solutions to advancements in business intelligence (BI), enterprise performance management (EPM), and, most recently, intelligent data concepts and predictive analytic applications.
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Five Tips for SAP Business Planning and Consolidation Implementation Success
Complicated multinational reporting requirements, inter-company eliminations, multiple disparate ledgers, and time-consuming reporting practices – if any of these characterize your financial consolidation process, it might be time for an overhaul. I know of which I speak – at Citrix, we faced more than one of these challenges. The remedy: a complete overhaul of our consolidation system processes. The results: A lot of learning… and a few surprises along the way.
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Cloud boosts SAP revenue
SAP reported strong growth in cloud subscription and support revenue in the first quarter, even as the company saw a decline in software and cloud subscription revenue in the Asia-Pacific and Japan region.
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SAP Sweetens Hana Deal With Free Sybase Database
The most obvious sign of this admission is a dual-database deal whereby SAP is including the Sybase ASE transactional database -- meaning it's a free add-on -- when customers license SAP Business Suite Powered by Hana. SAP executives explained the offer in a follow-up interview with InformationWeek last week. "Customers could choose to deploy ASE or Hana in whatever mix of configurations they want," explained Prakash Darji, SAP's global VP for data warehouse solutions & SAP Hana platform.
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SAP Financial Consolidation 10.0 Starter kit for IFRS
As accounting standards and regulations evolve – such as IFRS, GAAP and the XBRL electronic filing format, so your own financial accounting processes need to evolve. If this is an area of focus for you then you might like to take a look at the SAP IFRS You Tube channel, where you’ll find a number of demos.
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Mentions: SAP
ERP’s Franken-soft and how Workday avoids it
For a decade or so, several ERP vendors have made naked plays for market share, maintenance revenue and customers. In the process, they created unwieldly firms with lots of redundant products and product lines. Now, multi-tenant cloud solutions, like Workday's, are showing the error in these Franken-soft creations.
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Mentions: Las Vegas
SAP’s New Social Strategy: Will Customers Want to Jam with SAP?
SAP unveiled the centerpiece of its refreshed enterprise social strategy: the SAP Jam social software platform. But will customers adopt the new technology being roll out by the SuccessFactors division on SAP?
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Mentions: Microsoft Salesforce Salesforce.com
How to best support financial planning and consolidation systems
There is often a poor relationship between Finance and IT, characterised by a mutual misunderstanding and distrust. Sometimes, it is easy to forget that these two functions work for the same company. No wonder, then, that I have seen many cases where the support of finance planning and consolidation systems is just not working.
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Mentions: SAP
Leasing Standards Take A Solid Step Forward
Last week the FASB and the IASB accounting standards boards met and took a solid step forward in finalizing new leasing standards that will impact customers reporting under International Financial Reporting Standards (IFRSs) and the U.S. Generally Accepted Accounting Principles (U.S. GAAP). Though the decisions are preliminary and final standards are still not here, the reaction from customers and [...]
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Mentions: SAP
Starter Kits for the Financial Close – an obvious choice
Customers are great fans of starter kits and rightly so in that they offer packaged best practice that can be quickly implemented and some come at a fixed price, which makes them even more attractive.
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Mentions: SAP
The regulators may not be ready for Integrated Reporting, but the technology sure is
Last week, the world’s biggest accounting firms joined forces under the guise of the International Integrated Reporting Committee (IIRC) to call for a radical overall of how companies report performance saying that the current way they communicate with investors is “broken” and “redundant”.
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SAP ports HANA in-memory database to support BusinessObjects 10.0
SAP have announced its in-memory database HANA now supports the 10.0 version of its BusinessObjects financial planning and consolidation application running on NetWeaver. HANA entered general availability last June and has quickly become a focal point for SAP's entire forward-looking technology strategy. The system holds data to be processed in RAM instead of reading it off of traditional disks, providing a performance boost that SAP has described as remarkable. SAP announces HANA in-memory data
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Mentions: Oracle SAP Boris Evelson
Disclosure Management – an easy nut to crack
Finance automated most of the high volume tasks long ago. But too often it has ignored tackling the less frequent tasks done by higher level and hence highly paid staff. If you work out the time, effort and cost involved in some of these yearly or quarterly jobs, it’s a real eye opener. As an example, take the financial close where many steps are automated with the use of solutions like those for SAP, starting with the local entity close in SAP ERP Financials and going right through to the corporate close using SAP BusinessObjects solutions for enterprise performance management. However, once the books have been closed, the results still need to be published and this – the final mile of finance- is rarely automated.
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Time to chill out with SAP Finance and Controlling Accelerator
The instant access to data and information provided by the likes of Google, iStore and Spotify has made people increasingly impatient with some of the legacy systems we use in our business lives – me included. There is nothing worse than waiting for a report to compile or a screen to refresh and it’s particularly annoying when you’re trying to do other things – and there’s time constraints.
So bear a thought for folk in the finance team reconciling various ledgers for the period end close:
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Goodwill Automation in SAP® BusinessObjectsTM Financial Consolidation, Starter Kit for IFRS
Accelerating companies 'financial close processes through innovation' is our main goal for Enterprise Performance Management. Over the past few months we have been interacting with SAP® BusinessObjectsTM Financial Consolidation customers and came to the decision that automating the goodwill calculation should be considered as a high innovation priority in 2011. Available now, customers can benefit from a brand new release of the IFRS Starter Kit including an Automated Calculation of Goodwill feature. This blog introduces a working document, which explains why and how Financial Consolidation Starter Kit for IFRS has been enhanced to offer this automatic calculation of goodwill.
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Dow Chemicals speeds the financial close with SAP
I guess this is an instance how seemingly small investments can deliver a big impact. With over 750 subsidiaries, The Dow Chemical Company faced the all-too-familiar challenge of reducing their financial close. This was no easy task for its finance team, which runs over 1,000 financial close jobs a month. To streamline and automate the process, they deployed tow SAP tools that often fall below the radar, but which can deliver impressive results for a small amount of effort – the SAP Financial Closing cockpit and the SAP Central Process Scheduling application by Redwood. Now Dow’s financial close process runs with greater efficiency and transparency at far lower cost.
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Mentions: SAP
SAP® Asset Retirement Obligation Management - Manage the Financial Lifecycle of Your Long-Lived Assets
Managing asset retirement obligations is challenging for companies in asset-intensive industries. Learn how the SAP® Asset Retirement Obligation Management application can automate many of the calculations required to meet these requirements -- all while complying with relevant accounting principles. (Read Full Article)
Mentions: SAP
To gain any benefit – Xbrl tagging must be in house
In this paper published in iBR in August, Sonia Simon of SAP explains why if you want to gain any benefits from XBRL tagging beyond mere compliance, the solution has to be in-house
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Mentions: SAP
Why Built-in vs. bolt-on for XBRL n Disclosure management
95 of fortune 100 companies in North America are looking at moving to built-in approach as they have realized challenges of bolt-on to solve the XBRL needs. Had the privilege of speaking alongside thought leader and LastMile topic guru Mike Willis, trying to highlight few aspects of this in this post
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Mentions: New York San Francisco SAP
1-19 of 19
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