Office of Finance

Focus Areas

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Research Perspective

Achieving a Shorter Close

Completing the accounting close quickly has been a longstanding objective for finance departments. Among those participants in our benchmark research whose departments take more than a business week to close; most (69%) said they want to shorten th

Research Perspective

Achieving State-of-the-Art Finance Analytics

By itself data isn't useful for business. It requires analytics to transform data into actionable information. Analytics of one sort or another has long been a core competence of finance departments; applied to balance sheets; income statements or c

White Paper

Addressing Finance�s Data Problem

Numbers are the raw material for everything finance departments do. That�s why it�s essential that they have all the data they need and that it be of the highest quality. Without a guarantee of data availability and quality;

White Paper

Analytics Is Critical to Effective Performance Management

In order for an organization to run efficiently and effectively it must actively manage its performance. Corporations; small businesses; government entities and nonprofits all must be able to set objectives; plan and budget; and review and evaluate

eBook

The New Corporate Productivity Tool

Companies routinely collaborate in creating; editing; updating; proofreading; and approving composite documents. These documents have common characteristics: They combine text and numerical data; Present numerical data in

Research Perspective

Benefits of Modernizing FP&A

Over the past decade; senior executives have increasingly demanded more from financial planning and analysis (FP&A) professionals. Corporate leaders who once might have been satisfied with assessments informed by intuition now demand data-driven gui

Research Perspective

Best Practices for a More Effective Close

The number of days it takes it to close the company�s books � that is; the number of days into the following month required to completed all the activities associated with the financial close � is a reliable way to gauge the effectiveness of a finan

Webinar

Best Practices in Next-Generation Finance Analytics Webinar

Businesses collect; track and analyze data from a wider and deeper set of sources than ever before. They use these analytics-based insights increasingly in every aspect of their business � to assess financial performance; process quality; operational

Value Index

Business Planning 2015

Planning is a key component to all businesses; but often; the reality does not go according to plans. In businesses; this discrepancy can increase costs and waste time. But with the right tools; organizations can more closely align their plans to the

White Paper

Calculating the Return on Better Planning

Realizing an appropriate return on capital spending is critical. Poor allocation of strategic funds can impair the competitiveness and profitability of a corporation; which is why well-run organizations have a disciplined methodology for making thes

Research Perspective

Clarifying the Value of Human Capital for Finance Professionals

Today�s CFO knows that human capital is an organization�s most valuable asset; but in practice most organizations rarely connect their investments in people to their overall financial performance. A primary reason for this gap is that business proce

Research Perspective

Cloud Financial Performance Management: Ready for the Large Enterprise

Many discussions of cloud computing concern how cloud-based software and services enable small and midsize businesses to acquire many of the same capabilities as large ones. In fact; though; large companies have been adopting the cloud; too � and wi

White Paper

Continuous Accounting Drives Strategic Transformation

Ventana Research coined the term continuous accounting� to describe how recent advances in information technology can help finance organizations to fundamentally restructure their departmental operations to transform their function.

Research Perspective

Eliminating the Risks of Spreadsheets in Finance

Finance organizations; especially those in growing midsize companies; often find their workloads overwhelming. They�d like to find ways to operate more efficiently but think they�re too busy to look for ways to save time. As our research makes clear

White Paper

Enhancing Global Channel Visibility

Over the past decade; markets have grown increasingly global; especially for technology companies. Rising incomes in underdeveloped countries have led to increased demand for a wide range of products. However; this opportunity also brings with it a

Research Perspective

Fast-Tracking the Financial Close

It�s generally accepted that companies should be able to close their books within a week of the period end; whether monthly; quarterly or semiannually. Yet our recent benchmark research shows that only half of participating organizations accomplish

Benchmark

Finance Analytics

Organizations are maturing slowly; the research found; because the focus is  on traditional finance-related metrics and too little attention is paid to new; more advanced techniques such as predictive analytics and employing leading indicators (35%);

White Paper

Finance Analytics

Ventana Research is the first research company to benchmark organizations use of information and technology to employ analytics in finance organizations. The research assessed the maturity by examining the people; process; information and technology

Presentation

Finance Analytics

The research assessed the maturity by examining the people; process; information and technology competencies required to make the most effective and efficient use of analytics. The research reveals that organizations are aware of the value analytics

Benchmark

Finance Performance Management

Information plays a critical role in managing a company; and IT systems enable companies to work with this information. Your responses to this survey will help us understand the extent to which The information you get to do your job is timely a

Value Index

Financial Performance Management 2013

Financial performance management software plays a critical role in organizations. These tools deal with the full cycle of the finance department; including planning and budgeting; analysis; assessment and review; closing and consolidation; and intern

White Paper

Financial Performance for the 21st Century

Many organizations fail to optimize performance because they remain focused on solving yesterday�s problems. For many years; proponents of information technology have promised great benefits to business; typically far in advance of actual products be

Research Perspective

Five Costs and Perils of Spreadsheets for Business Analytics

Managing performance effectively requires that a company be able to provide executives; managers and employees with accurate; timely information and make it possible for them to work interactively with that information

Benchmark

Governance; Risk and Compliance

Governance is essential to the management of a corporation. Without it there can be no reliable way to guide the actions of individuals to align them to corporate objectives and requirements. Risk; for its part; comes in many forms; including interna

White Paper

Governance; Risk and Compliance

The business activities known as governance; risk and compliance (GRC) are tightly linked. Governance; risk management and compliance management are separate but closely related activities that take place in any organization. Governance is essential

Presentation

Governance; Risk and Compliance

The business activities known as governance; risk and compliance (GRC) are tightly linked. Governance; risk management and compliance management are separate but closely related activities that take place in any organization. Governance is essential

White Paper

Human Capital Analytics Drives Strategic Business Decisions

In today�s intensely competitive markets; managers can�t rely on decisions based completely on gut feelings without running the risk of making wrong decisions that are costly in terms of both money and expertise. Instead they need high-quality infor

eBook

Improve Agility through Continuous Planning

A continuous planning approach that uses frequent portfolio analyses to evaluate new project demand against in-progress work will help organizations achieve greater agility; flexibility; coordination and accountability in their operations and project

White Paper

Keys to a Fast; Clean Close

Closing the books and reporting financial results are core functions of the finance department. Not only is the close essential for fiscal governance; executives and managers use these quantitative business results to assess performance and identify

Benchmark

Long Range Planning

Dedicated planning software has existed in relatively sophisticated forms for more than a decade. Yet our research shows that almost half of all large global companies prepare plans and budgets in time-consuming primarily using spreadsheets. Spreadsh

Webinar

Long Range Planning Best Practices Webinar

Long range planning (LRP) is a process and discipline that companies use to determine the best strategy for succeeding in the markets they serve. These initiatives when done well; supports strategic goals and objectives and allow organizations to all

White Paper

Long Range Planning

Long-range planning (LRP) is a process and discipline that companies use to determine the best strategy for succeeding in the markets they serve and to ensure they have the capabilities needed to support their strategic objectives; they also must pla

Research Perspective

Making the Case for Automating the Close

There�s longstanding agreement that it�s important for a company to close its books as quickly as possible: Doing so allows it to accelerate financial and management reporting and gives it more time to prepare analyses. In our research on the financ

Research Perspective

Making the Controller�s Job Easier

The role of the controller is a demanding one. To be successful in this position; an individual must possess strong interpersonal and communications skills. He or she also must be superbly well organized and an expert at multitasking and have a keen

Webinar

New Tools for Finance Transformation

Finance organizations find it difficult to assume a more strategic role in their company when they are bogged down by inefficient processes. Yet; many think that enterprise software automation projects are too difficult and time consuming. The answer

Benchmark

Next-Generation Enterprise Resource Planning

The enterprise resource planning (ERP) system is a pillar of nearly every company�s record-keeping and management of business processes. It is essential to the smooth functioning of a business�s accounting and finance functions. In manufacturing and distribution; ERP also can manage inventory and logistics. Some companies use it to handle human resources functions like tracking employees; payroll and related costs.

White Paper

Next-Generation Enterprise Resource Planning

The enterprise resource planning (ERP) system is a pillar of nearly every company�s record-keeping and management of business processes. It is essential to the smooth functioning of a business�s accounting and finance functions. In manufacturing and distribution; ERP also can manage inventory and logistics. Some companies use it to handle human resources functions like tracking employees; payroll and related costs.

Benchmark

Next Generation Finance Analytics

Software vendors have begun to introduce new; more advanced analytic applications that are more accessible and no longer require a trained statistician. This next-generation of finance analytics capabilities may make it possible to access and analyze

White Paper

Next Generation Finance Analytics

Software vendors have begun to introduce new; more advanced analytic applications that are more accessible and no longer require a trained statistician. This next-generation of finance analytics capabilities may make it possible to access and analyze

Benchmark

Next-Generation Business Planning

Today; budgeting and operational planning effrots are typically only loosely connected. In contrast; Next-Generation Business Planning closely integrates unit-level operational plans with financial planning. Relying on information technology; it enab

Best Practices

Next-Generation Business Planning

Next-generation business planning closely integrates individual operational plans with financial plans. Supported by dedicated software; it enables companies to plan faster with less effort to achieve greater accuracy and agility.

Webinar

Next-Generation Business Planning

Compensation management used to address a very specific need; managing compensation. But as the information age has transformed how businesses utilize and leverage analytics; compensation management has grown in scale. While the main function is the

White Paper

Next-Generation Business Planning

Ventana Research undertook this Benchmark Research into the Next Generation of Business Planning to examine systems and tools that operate across business processes; influencing the optimal use of information and technology to manage performance. Thi

Benchmark

Office of Finance

Finance transformation� refers to a longstanding objective: shifting the focus of CFOs and finance departments from transaction processing to more strategic; higher-value functions. Our research confirms that most executives want their finance depar

Webinar

Office of Finance

Finance transformation� refers to a longstanding objective: shifting the focus of CFOs and finance departments from transaction processing to more strategic; higher-value functions. Our research confirms that most executives want their finance depar

White Paper

Office of Finance

Finance transformation� refers to a longstanding objective: shifting the focus of CFOs and finance departments from transaction processing to more strategic; higher-value functions. Our research confirms that most executives want their finance depart

Benchmark

Optimizing Payroll Management

Payroll management has traditionally been in a domain of its own; occupied solely with ensuring correct and timely payment along with compliance with relevant regulations. As a narrowly focused and transaction-oriented process; payroll management has

Value Index

Payroll Management 2015

In many organizations; routine functions can be overlooked as places for improvement; and payroll management is one of those areas. With the growth of integrated systems in human capital management; the once stand-alone function of payroll is being b

Research Perspective

Performance Management in Financial Services Isn't Only for Executives

Performance management is a strategy and a set of methodologies and processes that can be used for managing performance in financial services organizations. Its purpose is to achieve a common set of goals and objectives in the most efficient manner.

Research Perspective

Performance Management Isn't Only for Executives

Performance management is a strategy and a set of methodologies and processes for managing the performance of the organization and its business network; its purpose is to achieve a common set of goals and objectives. At its core; then; performance m

Benchmark

Planning and Budgeting

Budgeting and planning is an area of finance that is long-established yet ripe for change. There is widespread dissatisfaction with the budgeting process. Nearly all business people regard it as a waste of time and resources. Typically; it eats up 10

White Paper

Planning and Budgeting

Budgeting and planning is an area of finance that is long-established yet ripe for change. There is widespread dissatisfaction with the budgeting process. Nearly all business people regard it as a waste of time and resources. Typically; it eats up 10

White Paper

Product and Supply Chain Analytics

The Product and Services Analytics Benchmark confirms that metrics and key indicators are important; and are used most often to evaluate cost- and budget-related factors. And they show that analytics processes are not very effective in most organizat

Benchmark

Recurring Revenue

The term recurring revenue refers to models for selling and billing typically based on a combination of initial fees and periodic charges. In recent years; it has gained popularity in a variety of industries.

Best Practices

Recurring Revenue

The term recurring revenue refers to models for selling and billing typically based on a combination of initial fees and periodic charges. In recent years; it has gained popularity in a variety of industries.

Webinar

Recurring Revenue

The term recurring revenue refers to models for selling and billing typically based on a combination of initial fees and periodic charges. In recent years; it has gained popularity in a variety of industries.

White Paper

Recurring Revenue

Ventana Research undertook this first independent; rigorous primary research in Recurring Revenue makes clear that organizations increasingly are choosing to adopt this model to increase revenue and improve their customers� experience. Pioneered by t

White Paper

Robotic Process Automation for Finance

Robotic process automation (RPA) is a relatively new concept in the software industry. It involves the use of programming or analytical algorithms to execute the most appropriate action in an automated workflow without human intervention.

eBook

Steps to Accelerate the Financial Close

Product Information Management (PIM) is essential to business processes; the customer experience; and ultimately financial performance. It is shared among business units; customers; partners and distributors and may take many forms; including text; v

Exclusive Q&A

Strategic Financial Planning and Management

Explore important questions about Strategic Financial Planning and Management in this Ventana Research Q&A. Questions Include: What are the most important trends in financial planning? What new technology trends are most likely to impact fin

Viewpoint

Streamlining Finance Processes for Subscription Billing

The subscription business model has grown in popularity with providers of services or products because it establishes a regular; predictable income stream. This is particularly true for technology companies. However; the subscription model poses challenges; primarily in handling the accounting and billing for subscriptions.

eBook

Successful Enterprises Use Performance Management

Product Information Management (PIM) is essential to business processes; the customer experience; and ultimately financial performance. It is shared among business units; customers; partners and distributors and may take many forms; including text; v

eBook

Taking Control of Corporate Spend

As organizational spend continues to evolve; key expenses such as business travel and employee spend are becoming increasingly difficult to control. Organizations that have deployed separate manual processes to manage aspects of spending often continue to use

White Paper

Taking Control of Corporate Spend

There has long been a desire on the part of CFOs to have their departments play a more strategic and active role in the management of their organization. Many envision moving Finance from a backward-looking stance of bean counting� to an action-oriented business unit.

Research Perspective

The Case for Benchmarking Finance and Accounting

Business benchmarking is a decades-old practice that now is entering a new era. Providers of today�s cloud-based business systems can create process benchmarks quickly and efficiently by monitoring and measuring how customers use their service. The

Research Perspective

The Digital Transformation of Planning and Budgeting

Digital transformation is a popular term that encompasses a range of fundamental changes caused or catalyzed by modern information technology. The internet and intelligent mobile devices have changed how people live; work; shop and communicate. Wh

White Paper

The Fast; Clean Close

CFOs are looking for ways to close their books faster. Completing the accounting cycle quickly and accurately is a good indicator of efficiency in a finance organization. In most organizations; though; a complex set of issues impedes achieving a fast

Presentation

The Fast; Clean Close

CFOs are looking for ways to close their books faster. Completing the accounting cycle quickly and accurately is a good indicator of efficiency in a finance organization. In most organizations; though; a complex set of issues impedes achieving a fast

Benchmark

The Fast; Clean Close

CFOs are looking for ways to close their books faster. Completing the accounting cycle quickly and accurately is a good indicator of efficiency in a finance organization. In most organizations; though; a complex set of issues impedes achieving a fast

Research Perspective

The Fast Close Imperative

Many CFOs and controllers find themselves in a bind. They look for ways to give the finance department a more strategic role in their company; yet they cannot provide the resources Finance would need to be able to handle core functions quickly and e

White Paper

The Value of Continuous Accounting for Business

Many senior finance executives want their department to play a more strategic role in the management and operations of their company. They believe there is value in shifting their focus from processing transactions to higher-value functions in order

Value Index

Total Compensation Management 2014

Compensation management used to address a very specific need; managing compensation. But as the information age has transformed how businesses utilize and leverage analytics; compensation management has grown in scale. While the main function is the

White Paper

Using Automation to Close Sooner with Less Effort

There is general agreement that it is good practice for companies to close their books within one business week. Our benchmark research on the Office of Finance confirms that; finding that on average executives and managers in midsize and larger com

Research Perspective

When to Upgrade Financial Consolidation Software

Most companies need to accelerate their close-to-report cycle � the periodic process of closing the ledgers; consolidating the financial data and then reporting results both internally and externally to third parties such as shareholders; lenders an

Viewpoint

Why Companies Should Implement Active Profitability Management

Managing profitability effectively is especially important in today�s constrained pricing environment. Shifts in market structures; including globalization and better informed customers; have made it difficult to raise prices.

White Paper

Workforce Analytics Enables Smarter Decisions

To achieve success in today�s intensely competitive market environment; businesses must take all steps possible to enable their employees to perform at their best and must allocate their workforce as effectively as possible. In Ventana Research�s vi

Research Perspective

Key Indicators and Data Enable Performance Management

Performance management consists of the strategy; methodologies and processes to manage the performance of an organization and its business network to achieve an agreed-upon set of goals and objectives. It is an undertaking that returns significant v

eBook

Improving Financial Performance with Predictive Analytics

Many Organizations today are applying predictive analytics. 83% of participants in our research said that predictive analytics is important to their organization, and nearly all executives said they consider predictive analytics important.

White Paper

Beyond Keeping the Lights On

CIOs and senior IT leaders such as directors of global applications and enterprise architects constantly face the challenge of reducing technology costs while continuing to deliver consistent value to the business. The IT organization must always be seeking opportunities to automate the infrastructure and processes used throughout the enterprise to improve efficiency.

Viewpoint

Performance Management Supports Continuous Accounting

Continuous improvement is a pillar of continuous accounting – an approach to managing finance and accounting organizations that makes improving the department’s effectiveness practical by increasing its efficiency. A business culture that has embraced and internalized continuous improvement sets increasingly rigorous objectives, reviews performance vis-a-vis those objectives and makes addressing shortcomings a departmental priority.

Viewpoint

Using FloQast to Accelerate the Close

Despite widespread agreement that shortening the monthly and quarterly close is important, over the past decade our research has found no progress toward achieving this objective. Perhaps one reason is the available technology, which some companies have found too expensive, too cumbersome and too inflexible for their needs.

Viewpoint

Continuous Planning Provides Action, Agility, and Accuracy

Today’s corporate planning is flawed. For example, our benchmark research finds that companies often react too slowly to changing market conditions. They miss opportunities to sell more and wind up allocating resources to less productive or less profitable activities.

Viewpoint

Software Drives the 21st Century Tax Department

he challenges facing tax departments are mounting. Governments worldwide are scrutinizing companies’ reporting more closely in an attempt to raise revenue. In response, corporate boards and executives increasingly are demanding greater visibility into direct (income) tax positions and their implications.

Research Perspective

Performance Management Isn’t Only for Executives

Performance management is a strategy and a set of methodologies and processes for managing the performance of the organization and its business network; its purpose is to achieve a common set of goals and objectives. At its core, then, performance management is about aligning day-to-day processes and activities with organizational strategy. This makes it of obvious value to savvy executives and finance professionals: It communicates to all stakeholders an agreed-upon strategy and helps align the organization around it.

Viewpoint

Planning and Budgeting under ASC 6060 and IFRS 15

New rules governing revenue recognition for contracts will go into effect for publicly held companies in 2018 and for private ones in 2019. The Financial Accounting Standards Board, which administers Generally Accepted Accounting Principles in the U.S.