Office of Finance

Focus Areas

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Research Perspective
Making the Case for Automating the Close

There is longstanding agreement on the importance of a company closing its books as quickly as possible. A short close becomes all the more important during periods of business disruption and uncertainty because it allows an organization to accelerat

eBook
Five Things Every CEO and CFO Must Know About Pricing

More effective management of pricing usually is the biggest profitability lever available to corporations. Yet, senior executives often cannot manage pricing effectively because they encounter five common obstacles. First, they lack visibility into a

White Paper
Efficiently Achieving Sustainable Compliance

Still using spreadsheets for SOX404 and 302 compliance? Organizations need software, not spreadsheets, to achieve sustainable and efficient compliance

Research Perspective
Bottom-Line Impact: How the Modern CFO Leverages Sourcing and Procurement

Digital finance transformation improves the performance of the finance department using digital technologies to integrate and automate business processes. Using technology, performance is improved through, for example, greater efficiency and lower co

Research Perspective
Five Ingredients for Finance Transformation

Over the next ten years, technology will do more to change the nature of the work done in the finance and accounting organization than it has over the past 50. A range of technology advances affecting databases, data processing, analytics, user exper

White Paper
Make Finance and Accounting Cool

Make #accounting cool: liberate everyone by eliminating administrivia, simplify and speed processes, improve control while promoting efficiency. How? Practical, proven and affordable software designed specifically to meet the demanding needs of midsi

Presentation - VOD
How to Effectively Achieve Sustainable Compliance Presentation Slides

Software designed to manage compliance can provide strong controls that meet the demands of SOX. In addition to improving accounting department efficiency, the software can lower the risk of non-compliance, streamline SOX processes, and reduce costs.

Presentation
Planning Budgeting and Forecasting Under ASC 606 and IFRS 15

Companies need software that enables immediate access to all their business unites’ plans simplifies data collection, facilitates analysis and drilling down into detail, offers dashboards that are easy to create and modify and supports automated self

Presentation
Budgeting for the Budget Owner

The time saved by using dedicated planning and budgeting software and therefore not having to deal with spreadsheet machinations would enable people working in FP&A to do what they were hired to do: Analysis. 

Presentation
Self-Service Data Prep

Data is gathered from multiple sources into a form and format readily available to business analysts for multiple uses. Multiple sources enrich analysis and reporting. But, data preparation has some challenges. 68% of companies spend the largest sha

Presentation - VOD
A New Era Dawns in Accounting

The first big wave of public company filers are wrapping up their first quarter of reporting under ASC 842. But, for many companies the 10-Q was a brute force effort dependent upon spreadsheets, workarounds, and lots of staff. While organizations can

White Paper
Five Ingredients for Effective Business Planning

Predictive planning empowers organizations to achieve a higher return on the time they invest in planning. Technology plays a key role in enabling predictive planning.

Videocast
Integrated Business Planning Drives Better Performance

Integrated Business Planning is an approach to business planning that integrates strategy, operations and finance. While the annual budget focuses on financial planning, IBP gives executives and managers operational tools to manage business planning

Q&A
Know When the Time is Right to Migrate

The software can become functionally obsolete even if it still operates. This makes it difficult to know when it’s time to replace a legacy system. Finance organizations should assess replacing existing software when it limits departmental efficiency

Executive Summary
Office of Finance 2019

Ventana Research has conducted quantitative research on the performance of the finance organization for 15 years. The research has been conducted against the backdrop of the idea that finance organizations must play a more strategic role in the manag

White Paper - VOD
Office of Finance 2019

Ventana Research has conducted quantitative research on the performance of the finance organization for 15 years. The research has been conducted against the backdrop of the idea that finance organizations must play a more strategic role in the manag

Research Perspective
The Impact of AI on Finance and Accounting

Technology in general and AI in particular have the potential to change the nature of work done by finance and accounting departments. It will increase individuals’ productivity, eliminate tedious repetitive work and enhance the quality of financial

Research Perspective
The Continuous Accounting Platform

A central aspect of continuous accounting is controlling accounting and other data that affects financial statements continuously, from start to finish. This form of control, known as “straight-through processing,” addresses the significant issue of

Research Perspective
When Spreadsheets Aren’t the Right Choice

The electronic spreadsheet is among the top five most important advances in business management to come along in the last 100 years. It has revolutionized almost all aspects of finance and accounting.

White Paper
Taking Control of Profitability

The basic concepts used for measuring, analyzing and managing profitability are well established. The challenge has been to translate the concepts into practical methods and processes. Technology now enables organizations to address those challenges.

Research Perspective
The Advance of Business-Owned Technology

CIOs face the constant challenge of having resources available for strategic projects while still performing essential “keep-the-lights-on” activities. IT organizations can shed non-essential workloads, especially as they forge a relationship with th

Q&A
Accounting in a Time of Crisis

There are times when organizations can be overwhelmed by financial stress while simultaneously embracing distributed working environments and other operational constraints they weren’t prepared for. Finance and accounting departments that can utilize

Viewpoint
Building Agility Through Continuous Planning

Finance executives need to rethink their planning and budgeting processes to make them faster, more agile and more predictive to achieve their objectives under any circumstances.

Analyst Perspective
Fortune Favors the Prepared

I like Louis Pasteur’s observation that “fortune favors the prepared mind.” So-called black swan events happen regularly and can have a very negative effect on a business.

Analyst Perspective
The Central Ledger: Restructuring Accounting with Technology

Sometimes it takes a while for technology to fundamentally change how work is done. That’s because several innovations usually have to come together before a transformation can occur.

Analyst Perspective
Virtualizing the Close

The global pandemic crisis was, in effect, an unrehearsed stress test measuring the resiliency of the department. The crisis highlighted the importance of sustaining confidence in the accuracy and control of accounting processes, not just efficiency.

Viewpoint
Plan for Business Continuity, Sustainability and Success

Dedicated software is the most effective tool for organizations seeking to plan for business continuity, sustainability and success

Analyst Perspective
The Bottom Line is the Bottom Line

The Chief Financial Officer can enable her or his finance department play a more strategic role in company operations by adopting what I call profitability management.

Analyst Perspective
Rating CFO Performance in Audit Costs

For decades I’ve heard people talk about cutting audit costs to reduce administrative overhead but based on my observations, I was skeptical — mostly because, until recently, the documented success stories haven’t been about going from good to great

Analyst Perspective
Fortune Favors the Prepared (Video)

I like Louis Pasteur’s observation that “fortune favors the prepared mind.” So-called black swan events happen regularly and can have a very negative effect on a business.

Analyst Perspective
Fortune Favors the Prepared

I like Louis Pasteur’s observation that “fortune favors the prepared mind.” So-called black swan events happen regularly and can have a very negative effect on a business.

Analyst Perspective
Make Automating Finance and Accounting a Priority

We find in our recent Change in the Office of Finance benchmark research an indication of the value of using automation to execute finance department functions.

Analyst Perspective
Workday Does Source-to-Pay

In late February I attended Spark, the Scout annual user group meeting. This was the third and likely the last such meeting, as Scout was recently acquired by Workday.

Analyst Perspective
Three Essentials for a Digital Office of Finance

One of the objectives of our recent Change in the Office of Finance benchmark research was to assess the technological capabilities of finance and accounting departments.

Analyst Perspective
The Next-Generation CFO

I was invited to sit on a panel at CFO 3.0 events held in San Francisco and New York hosted by Sage Intacct.

Analyst Perspective
The Office of Finance in 2020: Ventana Research Agenda

Ventana Research recently announced its 2020 research agenda for the Office of Finance, continuing the guidance we’ve offered for nearly two decades on the practical use of technology for the finance and accounting department to help these organizati

Analyst Perspective
The Office of Finance is a Numbers Factory

Yes, it’s an easy metaphor, but a worthwhile one to consider. For the Office of Finance, figures are its raw material.

Analyst Perspective
Host Analytics Becomes Planful

Host Analytics recently announced it will now go by the name Planful.

Analyst Perspective
Blockchains Pose Problems of Persistence and Trust

I’ve written before about blockchain’s significant potential. A lot of the current discussion on the topic centers on cryptocurrencies and financial trading platforms, both of which are already in operation.

Analyst Perspective
Price Optimization: Cover Your Bases

Pricing is an eternally vexing issue in business. Over the years, organizations have used different strategies to establish prices for their products, depending on custom, the nature of the business and the degree of competitiveness in the market.

Analyst Perspective
Move Finance to the Cloud

In a recent note on virtualizing the close, I observed that finance and accounting organizations that can operate in a virtual mode are better able to adapt to changing circumstances and overcome obstacles.

Research Perspective
Virtualize the Close

“Virtualizing” the accounting close involves applying software automation, substantially reducing manual and paper-based processes and incorporating electronic collaboration. Virtualization enables finance and accounting departments to achieve speed

Analyst Perspective
Sage Intacct Looks to the Future of Finance

Sage Intacct recently hosted its annual user group meeting, Advantage, and earlier this year met with industry analysts. Both meetings shed light on how the company is addressing two key opportunities.

Analyst Perspective
Cutting Audit Costs Significantly? It’s Actually Possible

For years I’ve viewed with skepticism the claim that one technology or another will reduce audit costs. For one, there’s rarely a silver bullet.

Analyst Perspective
CFOs in Midsize Companies Face Challenges

Ventana Research recently published benchmark research findings on the Office of Finance, many of which show a trend in the right direction.

Analyst Perspective
FP&A Performance Is Improving, But …

The financial planning and analysis (FP&A) group is the linchpin of any transformation effort in the Office of Finance. Our recently completed Office of Finance benchmark research was conducted against the backdrop of the idea that finance organizati

Analyst Perspective
Achieve Fatter Margins with Dynamic CPQ

Configure, price and quote (CPQ) software has been around for decades. Lately, I’ve been using the term “Dynamic CPQ” to apply to a variant of this software category that explicitly aims to produce a quote that optimizes the trade-off between the pro

Analyst Perspective
Be FIT: Modern Finance Needs Finance IT

The traditional office of finance has five main organs: accounting keeps the books; financial planning and analysis (FP&A) analyzes performance and manages the forward-looking activities of the company such as planning, budgeting and forecasting;

Analyst Perspective
Finally, a Faster Close

A quarter century ago the “fast, clean close” became a key measure of a finance and accounting department’s effectiveness.

Analyst Perspective
Dynamic Insights from Research on Finance Analytics

By itself, data isn’t useful for business; the application of analytics is necessary to transform data into actionable information.

Analyst Perspective
News from the 2019 Infor Innovation Summit

Infor recently held their Innovation Summit at Infor corporate headquarters in New York. At this annual event, they spend a good deal of time talking about progress on current initiatives and the exciting parts of the development roadmap.

Analyst Perspective
The Promise and Perils of a Platform Strategy

“Platform,” as used in the world of technology, originally referred to an operating system on which one could construct software applications.

Analyst Perspective
How to Prove You Aren’t a Dog: Blockchains For Identity Management and Certification

Identity management is an old problem that has taken on new dimensions in the digital world. In 1993, at the dawn of the World Wide Web (WWW), The New Yorker ran a cartoon featuring two dogs talking, one perched in front of a computer.

Analyst Perspective
Business Planning: Establish a Continuous and More Effective Path to Planning

Business planning in most companies is a relic, a process hemmed in by obsolete conceptions of what it can be. “Business planning” encompasses all of the forward-looking activities in which companies routinely engage, including marketing, sales, cust

Analyst Perspective
Oracle NetSuite: Steady as She Goes

From my perspective there were two significant takeaways from this year’s SuiteWorld.

Analyst Perspective
Prophix Supports the Strategic Midsize CFO

Prophix is a financial performance management (FPM) suite from Prophix Software offering statutory financial consolidation, planning, budgeting and reporting capabilities designed expressly for midsize companies and divisions of larger corporations.

Analyst Perspective
Scout RFP is Reimagining Sourcing and Procurement

Last week, Scout RFP held their 2nd annual user conference, Spark 2019. Scout’s software is designed to manage sourcing and procurement processes in companies.

Analyst Perspective
Blockchain's Presence at IBM THINK 2019

IBM’s THINK conference, just held this February in San Francisco, is IBM's annual user conference.

Analyst Perspective
Supply Chain Management and Sourcing in a New Era of Trade

We’re in a new era of trade, the result of converging issues that have been building for at least a decade.

Analyst Perspective
Revenue Recognition Standards Pose Planning Challenges

New rules governing revenue recognition for contracts have gone into effect for larger companies and are about to go into effect for smaller ones.

Analyst Perspective
Straight-Through Processing for Business and Commerce

“Straight-through processing” (STP) is a business process and data architecture methodology.

Analyst Perspective
BlackLine Exorcises Accounting Details

I recently attended BlackLine’s annual user conference. The company aims to automate time-consuming repetitive tasks and substantially reduce the amount of detail that individuals must handle in the department.

White Paper
Virtualizing the Close

Virtual accounting enables the department to achieve speed and resilience without sacrificing accuracy and control. Start by virtualizing the close.

Analyst Perspective
The Corporate Tax Management Software Imperative

Recent events are forcing corporations to adopt dedicated software for tax provision, transfer pricing and tax analysis.

Q&A
Planning for Continuity in the Public Sector

Dedicated planning and budgeting software improves public sector finance department efficiency and enables responsive, high-quality service.

Analyst Perspective
2020 Reporting: Improving Visibility, Transparency and Perspective

FP&A and business analysts can make reporting more effective by reimagining how, what and when their company does its reporting.

Analyst Perspective
Workiva Chains Liberates FP&A

Workiva recently introduced Chains, a visual workflow tool for the Workiva platform.

Research Perspective
Business Continuity in the Public Sector

Dedicated planning and budgeting software will help government organizations build the ability to maintain business continuity.

White Paper
The Value of Close Automation for Midsize Organizations

Midsize organizations face a unique set of challenges. Software can help enable growth without adding administrative overhead, and close automation is a great place to start.

Analyst Perspective
OneStream Wins Our Innovation Award in Office of Finance with Analytic Blend

One of the challenges of being a practically minded technology analyst is squaring the importance of “the next big thing” with the reality of what most organizations are doing.

Analyst Perspective
Scenario Planning is a Strategic Imperative

A great deal has changed in how finance and accounting departments operate since the start of 2020.

Analyst Perspective
Updating FP&A’s Mission - A New Approach for the 2020s

In this Analyst Perspective from Robert Kugel, learn how FP&A can redefine its mission to achieve the long-stated goal of making it more of a strategic partner with the rest of the organization.

Analyst Perspective
DADs Address the Mother of All Data Problems

An important recent development in software designed for the Office of Finance is the addition of what we’re calling a data aggregation device (DAD) for analytical applications.

Analyst Perspective
Sustainable Sourcing and Supply Chains

A couple of years ago, I started talking about a “New Era of Trade.” Its starting point was the world financial crisis in 2007, but the evidence that we were experiencing a shift only became obvious years later.

Podcast
Business Continuity in the Public Sector Podcast

What business continuity lessons have public sector organizations learned during recent challenging times? How can planning and budgeting software contribute to agility that helps promote business continuity? How can the accounting and finance depart

Analyst Perspective
Fundamental Change is Coming to ERP Systems

Enterprise resource planning (ERP) systems are central to nearly every organization’s management of operational and financial business processes.

Analyst Perspective
Value-Based Planning Improves Corporate Performance

In preparing this research note I took the precaution of searching “value-based planning” to see what came up. Over the years, the term has been used in several contexts each with different shadings.

Research Perspective
Achieving Sustainable Continuity for the Office of Finance

The critical lesson learned from any crisis is the importance of resiliency to cope with sometimes rapidly changing circumstances. Technology has demonstrated that it provides the essential ingredient to achieving this resiliency.

Analyst Perspective
Profitability Management is a CFO Imperative

One of the oddities of corporate management is that, as a rule, nobody oversees managing profitability.

Videocast
Moving Beyond Traditional FP&A

Charles Darwin never said evolution was a matter of the survival of the fittest. On the contrary, he said: It is not the strongest of the species, nor the most intelligent that survives. It is the one that is most adaptable to change.

Analyst Perspective
Make Accounts Receivable Pay

Can you imagine a more arcane and boring topic than accounts receivable? Unless you are the CFO, controller, chief accounting officer or treasurer of an organization, maybe not.

Viewpoint
The CFO Answer Machine: Past, Present and Future Visibility for Small and Midsize Companies

Effective financial management requires the ability to understand an organization’s current condition while having visibility into its potential future state.

Viewpoint
Agile Planning for Small and Midsize Organizations

The purpose of planning is to enable executives and managers to make better-informed decisions more consistently. Planning within an organization requires setting objectives and weighing the alternative methods of achieving those objectives, because

Viewpoint
The Way Forward with RPA

Robotic Process Automation (RPA) is a core digital technology for increasing productivity and efficiency, speeding the completion of work, and increasing its quality and controllability.

White Paper
The Digital Transformation Partnership

Information technology will have a greater impact on how the finance department operates over the next 10 years than it has over the past 50. The cumulative impact of a decade of steady technology evolution along with the demographic shift to digital

Analyst Perspective
Continuous Planning is Optimized with AI and External Data

In the context of planning, budgeting and benchmarking, external data includes information about the world outside an organization such as economic and market statistics, competitors and customers.

Analyst Perspective
BlackLine Matches Receivables for Continuous Accounting

BlackLine recently held its first virtual user conference, Beyond the Black, where it detailed numerous additions and enhancements to its applications.

Research Perspective
Achieve Agility in Planning and Execution

Finance executives have come to value contingency planning and adaptability in the face of uncertainty, whether it is caused by a worldwide crisis or simply the variance of day-today business.

Analyst Perspective
Use Software for More Effective Tax Management

The post-pandemic world will see much returned to normal, but there will also be change. For businesses that faced shutdowns, these changes will include higher taxes to pay for the costs of mitigating the economic impact, and the loss of tax revenue.

Analyst Perspective
The Ventana Research 2021 Market Agenda: How Digital Effectiveness Impacts Organizational Agility

Ventana Research has announced its market agenda for 2021, continuing the tradition of transparency in our efforts to educate and guide the technology market but also our independence as we do not share our market agenda or analyst perspectives with

Analyst Perspective
Profitability Management: A CFO Priority to Gain Competitive Advantage

Profitability management produces a sustainable competitive advantage but by 2025 only one-third of companies will have implemented a profitability management initiative, explains Ventana Research SVP and Research Director Robert Kugel.

Analyst Perspective
The Office of Finance Market Agenda for 2021: Accelerating Adoption of Digital Technology

Ventana Research recently announced its 2021 market agenda for the Office of Finance, continuing the guidance we’ve offered since 2003 on the practical use of technology for the finance and accounting department.

Analyst Perspective
Robotic Process Automation is a Core Finance Competency

Robotic Process Automation (RPA) has emerged as a core digital technology for finance and accounting organizations. It can drive significant gains in productivity and efficiency by automating mechanical, repetitive accounting processes in a continuou

Analyst Perspective
Streamlining Spending for Savings and Control

Irked by the need to account for every penny of his college expenses, poet Robert Frost penned the lines:

Analyst Perspective
A Virtual Audit Enables Savings Through Efficiency

The challenges of the pandemic prevented auditors from visiting client offices, which led to widespread adoption of remote audit processes.

Analyst Perspective
Trintech Speeds up Financial Close with Automation

Organizations have long sought ways to achieve a fast but “clean” (accurate) financial close. The most widely accepted benchmark is to be able to close within one business week.

Analyst Perspective
IBM Planning Analytics Makes Planning Easier for Business Unit Leaders

IBM Planning Analytics, formerly known as TM1, is a comprehensive planning and analytics application designed to integrate and streamline an organization’s planning processes. It can support multiple planning use cases on a single platform, including

Viewpoint
Multinational Corporations Need Intercompany Financial Management

Ventana Research defines intercompany financial management (IFM) as a discipline for structuring and handling transactions within a corporation and between its legal entities that is designed to maximize staff efficiency and accounting accuracy while

Viewpoint
Five Reasons for Upgrading Your Entry-Level Accounting System

Small business owners are fortunate to have a choice of feature-rich, flexible, and affordable entry-level accounting packages. Eventually, though, successful businesses grow and will often find that the very accounting software that once made things

Analyst Perspective
Modern ERP Improves Organizational Performance

The ERP system is at the core of nearly every organization’s record keeping and business process management. Its smooth and uninterrupted functioning is essential to an organization’s accounting and finance functions.

Analyst Perspective
FourQ Builds Confidence and Trust in Intercompany Financial Management

FourQ is an intercompany financial management (IFM) Solution-as-a-Service provider. IFM is a discipline for structuring and handling transactions within a corporation and between its legal entities, and is designed to maximize staff efficiency and ac

Self-Assessment
Intercompany Financial Management

Ventana Research defines intercompany financial management (IFM) as a discipline for structuring and handling transactions within a corporation and between its legal entities that is designed to maximize staff efficiency and accounting accuracy while

Analyst Perspective
Consolidation Software Builds Staff Effectiveness in Midsize Companies

Financial consolidation software assists companies in executing their accounting close process - especially those that use multiple ERP systems or have multiple legal entities - and with other characteristics that can complicate the process such as k

Analyst Perspective
Unit4 Democratizes Agile, Data-Driven Decision-Making

Unit4’s Financial Planning and Analysis (formerly Prevero) is a planning and budgeting application designed for the requirements of midsize corporations and the public sector.

Analyst Perspective
Integrated Business Planning Uses Zero-Based Budgeting to Improve Performance

The objectives of zero-based budgeting are well aligned with what I call integrated business planning, a technology-enabled approach to managing the forward-looking activities of a corporation including forecasting, planning and budgeting.

Analyst Perspective
Reduce Risk and Improve Departmental Effectiveness with Intercompany Financial Management

Ventana Research defines intercompany financial management as a discipline for structuring and handling transactions within a corporation and between its legal entities.

Research Perspective
Build an Actionable Profitability Management Initiative

Corporations continually confront profitability issues and opportunities caused by competitors’ actions, shifts in demand, as well as changes in commodity prices and other factor costs.

Analyst Perspective
Digital Process Reengineering Improves Business Performance

Business process reengineering (BPR) was a consulting fashion in the early 1990s that spurred many companies to purchase their first ERP systems. BPR proposes a fundamental redesign of core business processes to achieve substantial improvements in ma

Research Perspective
Business Continuity in the Public Sector

Business continuity is the ability of an organization to maintain normal operations without compromise, regardless of external conditions. Because they provide emergency and other critical services, government organizations must be able to maintain b

White Paper
Introducing the Virtual Audit

A business crisis alerts finance leaders to their organization’s vulnerabilities. When lockdowns prevented people from being in their offices in 2020, organizations with the right technology and processes demonstrated their ability to adapt, overcome

Viewpoint
Gain Competitive Advantage Using External Data and Predictive Intelligence

Darwin never claimed that evolutionary success came down to survival of the fittest. To the contrary, he stated, “it is not the strongest that survives; but…the one that is able best to adapt and adjust to the changing environment in which it finds i

Analyst Perspective
Controllers: Always Be Closing

These days it strikes me that the motto of successful salespeople – "ABC: Always Be Closing!" – should apply equally to corporate controllers, albeit in the accounting sense.

Research Perspective
The Imperative for Integrated Planning

The purpose of planning is not planning; it is decision making. And the purpose of reimagining operational planning as a continuous, connected process is to deliver business value, making these processes faster, more agile and more intelligent so tha

Analyst Perspective
Finance IT Improves Departmental Performance

A year of business uncertainty, lockdowns and operational disruptions forced finance and accounting organizations to adapt and change in many ways that are proving to be permanent.

Analyst Perspective
Zuora Earns Office of Finance Digital Innovation Award for 2021

The annual Ventana Research Digital Innovation Awards showcase advances in the productivity and potential of business applications, as well as technology that contributes significantly to the improved processes and performance of an organization.

Podcast
Redefining FP&A: Three Key Trends Driving Change

This episode features [Rob Kugel], [SVP & Research Director, Office of Finance] at Ventana Research, talking about the mission for a truly strategic financial planning and analysis group in the 2020s, and an approach to achieving that mission, someth

Q&A
Why Invest in Profitability Management

Standard planning software helps executives achieve profitability objectives by establishing top-level revenue targets and setting aggregated expense limitations. On the other hand, profitability management is designed to achieve consistently higher

Analyst Perspective
Meet the Environmental Social and Governance (ESG) Reporting Challenge

Environmental, social and governance reporting by public corporations has become a top-of-mind issue for senior executives and boards of directors as countries increasingly consider or mandate its implementation in some form.

Analyst Perspective
Essential Technology for Continuous Planning

As a result of the rapidly changing business landscape in 2020 and the need to quickly – and intelligently – change business plans and budgets, many more companies have been deciding to adopt a continuous planning approach to be able to add speed and

Viewpoint
Future-Proofing Forecasting

An important and durable lesson of recent massive disruptions is that organizations need to forecast and plan with agility so they can quickly adapt to evolving economic, market, legal, regulatory and behavioral conditions. Organizations that have in

Viewpoint
Three Key Planning Deficiencies Impeding Successful Decision Making

Any crisis, whether worldwide or impacting a single organization, tests an executive team’s ability to seize a fleeting opportunity, address an existential problem or mitigate future risks. Global turmoil highlights the need for the financial plannin

Analyst Perspective
Managing Price Inflation Effectively with Technology

A looming challenge for companies in the developed world is price inflation, an issue periodically fretted over – but not experienced at a macroeconomic level in most developed economies – over the past four decades.

White Paper
Reimagine Planning to Improve Enterprise Performance

Any crisis, whether a global pandemic or one confined to a single company, tests the ability of an organization (and especially its executives and managers) to quickly respond to events by seizing opportunities, addressing problems or mitigating risk

Videocast
Build An Actionable Profitability Management Initiative

Everyone running a business knows that the bottom line is the bottom line. But how does your company manage profitability? There’s an important distinction between managing to profit objectives and what Ventana Research calls “profitability managemen

Viewpoint
Digital Transformation with Application Platforms

Digital transformation is achieved by using digital technologies to create new (or modify existing) processes and methods to meet evolving business and market requirements. For finance departments the term is associated with, among other changes, usi

Analyst Perspective
Digitize Tax Departments for Increased Strategic Value

Managing corporate income taxes is a challenge for chief financial officers. Tax codes are often complex, so tax accounting as well as the data required for tax provisions and tax compliance are different enough from statutory accounting to create si

Research Perspective
Digital Transformation in Payments and Spend Management

Organizations have traditionally handled the multiple components of payments and spend management in a scattershot manner due to the legacy of paper-based systems used by individual business units.

Analyst Perspective
Digitally Transform Purchasing to Improve Performance

Digital transformation of the Office of Finance has been a recurring theme for several years, but adoption accelerated when offices were locked down and organizations had to collaborate remotely

Infographic
CONTINUOUS PLANNING to Improve Business Performance

Continuous Planning is a high participation, collaborative approach that connects and aligns operational and financial forecasts to support action-oriented planning. This method promotes agility that is valuable both in times of crises and in a stead

Analyst Perspective
Evolving ERP Systems Redefining Office of Finance Operations

Over the past decade, how organizations manage processes and record data related to transactional events captured by an enterprise resource planning system has undergone a significant evolution. Some of the more recent changes have been the result of

Analyst Perspective
Fix Sales and Operations Planning to Improve Financial Efficiency

For decades, sourcing and supply chain management was focused almost exclusively on achieving the lowest cost, and the world’s trade environment supported this approach. However, I observed that the new era of trade, supply chain planning and executi

Viewpoint
Building the Best Team and Reducing Turnover for Organizational Resilience

In today’s fluid operating environment, organizations must be agile and resilient to deal successfully with unpredictable events and rapid changes in their operating environment.

Q&A
Finance Q&A: Five Ways FP&A is Evolving

How will digital transformation affect the role of Financial Planning and Analysis (FP&A)?

Infographic
MANAGE PROFITABILITY to Boost Your BOTTOM LINE

Profitability management is especially valuable as corporations confront cost-price pressures, shifting demand and supply conditions, and structural changes in markets and economies. Having the right tool along with the right data is the first step t

VentanaCast
From Data-Driven to Data Leader

The idea that finance organizations should play a more strategic role in company operations isn’t new. For some time, there's been general agreement that finance departments must evolve. They must provide better insights on what just happened, guidan

Analyst Perspective
Tackling ESG Reporting Challenges

Robert Kugel discusses the reality, predictions, considerations and benefits about Environmental, Social, Governance (ESG) reporting for organizations.

Market Perspective
Xero Energizes Small Business with Cloud-Based Accounting and Finance

A digital finance and accounting organization is one that uses software to enhance efficiency by eliminating manual operations and automating workflows, improving financial data quality. This is especially relevant to small to midsize organizations t

Market Perspective
Power ON Modernizes Business Planning

Power ON is software designed for organizations to streamline their business planning, budgeting, forecasting, reviewing and reporting, in order to make these processes more effective and accurate.

Market Perspective
FloQast Automates Accounting for Faster Close

Over the past decade, close-management software has evolved to enable even midsize organizations to streamline department processes, operate in a virtual mode, accelerate the accounting close and reduce staff stress. It’s one step toward continuous a

Market Perspective
Migros Aare Earns Overall Digital Leadership Award with Unit4 for 2021

The annual Ventana Research Digital Leadership Awards recognize organizations and individuals that utilize technology to advance business and IT. The Digital Leadership Awards showcase the professional leadership and their use of business application

Analyst Perspective
Configure, Price and Quote Software Supports Profitability Management

Pricing is an issue that almost every for-profit company confronts – and usually agonizes over. Chief financial officers must play a part in setting the strategic direction of pricing in their organization. They should not be involved in tactical pri

Market Perspective
Emburse Audit Employs AI to Improve Spend-Related Processes

Historically, it’s been difficult to convince chief financial officers to invest in technology that makes it easier to spend money. That’s probably because before digital technologies, the natural impediments to spending stood as crude but effective

Market Perspective
Teledyne Technologies Earns Digital Leadership Award in Office of Finance with OneStream Software for 2021

The annual Ventana Research Digital Leadership Awards recognize organizations and individuals that utilize technology to advance business and IT. The Digital Leadership Awards showcase the professional leadership and their use of business application

Analyst Perspective
Augmented Reality Will Evolutionize Business Computing

As with many IT innovations, augmented reality (AR), extended reality (XR) and the related topic of spatial computing had been discussed to death long before they became a practical reality. As a user interface, AR is already well understood in terms

Analyst Perspective
2022 Market Agenda: Digital Business Enables Organizational Resilience

Ventana Research has announced its market agenda for 2022, continuing the tradition of reliability in our efforts to educate and guide the technology market. Our assessments are backed by our expertise and independence, as we do not share our market

Analyst Perspective
The Office of Finance Market Agenda for 2022: Effectiveness and Profits

Ventana Research recently announced its 2022 Market Agenda for the Office of Finance, continuing the guidance we have offered since 2003 on the practical use of technology for the finance and accounting department.

Analyst Perspective
The Value Index for Business Planning Classifies and Rates Vendors

I am happy to share insights gleaned from our latest Value Index research, an assessment of how well vendors’ offerings meet buyers’ requirements.

Analyst Perspective
Business Planning Software Unifies Siloed Planning

Having just completed the 2022 Ventana Research Value Index for Business Planning, I want to share some of my observations about the business planning software market and how it has advanced as an important part of our market coverage for almost two

Analyst Perspective
Progress for AI in Office of Finance Applications

The use of artificial intelligence (AI) using machine learning (ML) will be the single most important trend in business software this decade because it can multiply the investment value of such applications and provide vendors an important source of

Market Perspective
IBM is Exemplary in the 2022 Business Planning Value Index

Ventana Research is sharing insights about IBM, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Market Perspective
SAP is Exemplary in the 2022 Business Planning Value Index

Ventana Research is sharing insights about SAP, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Market Perspective
Oracle is Innovative in the 2022 Business Planning Value Index

Ventana Research is sharing insights about Oracle, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Market Perspective
Board International is Exemplary in the Business Planning Value Index

Ventana Research is sharing insights about Board, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Analyst Perspective
Why Automating Reconciliations Must be a Priority

Reconciling accounts at the end of a period is one of those mundane finance department tasks that are ripe for automation. Reconciliation is the process of comparing account data (at the balance or item level) that exists either in two accounting sys

Market Perspective
Anaplan is Exemplary in 2022 Business Planning Value Index

Ventana Research is sharing insights about Anaplan, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Market Perspective
Wolters Kluwer is Vendor of Assurance in Business Planning Value Index

Ventana Research is sharing insights about Wolters Kluwer, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Market Perspective
OneStream Software is Exemplary in 2022 Business Planning Value Index

Ventana Research is sharing insights about OneStream Software, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Market Perspective
Workday is a Vendor of Assurance in the Business Planning Value Index

Ventana Research is sharing insights about Workday, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Analyst Perspective
Automate the Close Cycle for Consistently Better Performance

Software that automates the full scope of the accounting close, including reconciliations, consolidation and reporting, has grown more capable and affordable over the past five years. By enabling consistent process management that captures best pract

Market Perspective
insightsoftware is Vendor of Merit in Business Planning Value Index

Ventana Research is sharing insights about insightsoftware, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Market Perspective
Vena Solutions is Vendor of Merit in 2022 Business Planning Value Index

Ventana Research is sharing insights about Vena Solutions, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Webinar
Continuous Accounting for ​Recurring Revenue ​and Subscription Businesses​

Join analyst Robert Kugel and Zuora’s Yash Mahajani to learn about key opportunities and challenges associated with recurring revenue for accounting and finance teams.

Market Perspective
Prophix is a Vendor of Merit in the 2022 Business Planning Value Index

Ventana Research is sharing insights about Prophix, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Market Perspective
Planful is a Vendor of Merit in the 2022 Business Planning Value Index

Ventana Research is sharing insights about Planful, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Market Perspective
Unit4 is a Vendor of Merit in the 2022 Business Planning Value Index

Ventana Research is sharing insights about Unit4, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Market Perspective
Unit4 Expansion Targets Enhancements for People-Centric Organization

I recently attended an analyst conference held by Unit4, an enterprise resource planning vendor focused on midsize organizations in people-centric industries. The conference was intended to communicate the company’s strategy, product updates and road

Market Perspective
Infor is Innovative Vendor in the 2022 Business Planning Value Index

Ventana Research is sharing insights about Infor, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements.

Market Perspective
Fluence Offers Finance Streamlined Financial Close

Financial consolidation is the process of combining financial data (notably assets, liabilities, income and expenses) from multiple subsidiaries’ general ledgers across an organization for the purpose of creating a parent company report. The current

Analyst Perspective
Value-Added Tax Transformation Streamlines Compliance

Value-added tax is a type of levy that is applied at each step of a transaction chain, from basic inputs to the final good or service. The amount assessed is based on the value added by an organization (hence the name) when a transaction occurs. VAT

Market Perspective
Vertex Enhances Tax Compliance Technology

Indirect taxes — known variously as sales-and-use, value-added or goods-and-services tax — can get complicated, particularly in countries that have overly complex tax regimes such as Brazil, India and the United States. For example, in the U.S., stat

Analyst Perspective
Simplifying Budgeting and Planning is FP&A’s Mission

Ventana Research recently published the results of our Business Planning Value Index Research and I commented on its connection to our emphasis on using software to unify planning processes across an enterprise to improve performance. Since 2007, we

Analyst Perspective
Spend Management is More Effective with Software and Cards

The term "corporate spend" usually refers to the incidental but still significant outlays organizations make to support operations. Especially in nonmanufacturing industries, purchases of indirect goods and business services – such as computers, offi

Analyst Perspective
Blockchain Payment Systems Have Significant Potential

How payments are effected is an afterthought to many involved in a transaction, but flaws in this process can be a source of pain and frustration for those in the back office, especially in accounting and treasury. To improve the way payments are han

Analyst Perspective
Reordered Global Trade Requires Agile Sales and Operations Planning

I first wrote about a new era of trade a few years ago to make the point that the period of optimizing supply chains for the lowest cost was over, and that companies needed to redesign them to achieve greater resiliency. That observation proved corre

Analyst Perspective
Sage Intacct Moves into Manufacturing to Spur Growth

Sage recently announced that it is expanding its Sage Intacct software offering to support discrete manufacturing, with its initial foray into this competitive market centered in France. The move supports the company’s strategy of building out the sc

Analyst Perspective
Using External Data in Planning

Organizations need to use external data in planning and budgeting, both data and third-party forecasts. This need also extends to external data in training artificial intelligence systems to assist in planning and for predictive analytics.

Analyst Perspective
AI Will Create Strategic Advantage for the Office of Finance

Artificial intelligence using machine learning has passed through the bright, shiny object stage and software vendors are well into the process of making the concept a reality in their offerings.