With the increasing benefits of cloud servers, on-premise solutions are fast becoming obsolete and irrelevant. Cloud-Based Corporate Performance Management (CPM) solutions are the immediate future and exponentially gaining popularity in both SMEs and large enterprises. The major benefits are detailed below: SaaS (Software-as-a-Service) For small to medium businesses, the benefit of a subscription service is an important one to consider when comparing fixed costs vs. variable costs. For on-premise solutions, there is a high initial cost involved to set up servers and infrastructure to support the solution. Whereas for cloud-based services, companies subscribe to “pay as you go” licenses and will [...]
A budgeting or reporting solution implementation can go smoothly if you apply some implementation best practices. Before you start your solution implementation, revisit your business process. This is the prime time to re-engineer your process! Define your business requirements which align your corporate strategy with your end-users. After you are satisfied with your business process, avoid these four common pitfalls to implement your budgeting solution right the first time. 1. Requirements Are A Constantly Moving Target You want to avoid changing requirements too often as they can drag on the project. With changing requirements, time and effort is misused trying to [...]
Delbridge was proud sponsor of the Wolters Kluwer CCH Tagetik User Conference in Miami! As a trusted partner, Delbridge was also a key speaker. Harjot Ghai, our COO, presented a session on best practices of implementing a CPM solution to a packed room of attendees. Check out some of our pictures from the event!
With so many CPM solutions in the marketplace showcasing similar capabilities, choosing one can be a daunting task.
There are ten key areas for consideration when evaluating what solution fits your organization.
1. Data Model
- The data model is the foundation of your CPM system. It stores all information in a centralized location (can be cloud-based or on premise).
- Ability to create more than one data model with multiple data sets.
- Shared dimensions
- Ability to attach unstructured data
- Calculation capabilities
Our COO, Harjot Ghai is speaking at CCH TAGETIK IN TOUCH 2018. Join us! Topic: How to Implement your CPM solution right, the first time! When: Thursday, May 10 at 4:40 pm Where: Eden Roc Hotel, Miami The CCH Tagetik community will come together to share ideas, network with peers, learn from subject matter experts, and discover new ways to solve common business challenges. Don't miss out on the many in-depth sessions, hands-on demonstrations showcasing the latest product updates, and best practices delivered by CCH Tagetik customers, partners and product experts. Why Attend? Learn how to optimize your investment with CCH Tagetik Hear [...]
Professional services firms, small or large, are always looking to improve their operations. In recent times, Cloud computing has re-defined how firms manage their corporate solutions. Not only is the Cloud gaining more acceptance, it is reducing IT costs and increasing productivity of firms. Cloud computing has been on the rise with now 82% of enterprises (up from 74% in 2014) having a hybrid cloud strategy. While still a relatively new concept, if you are using systems such as Salesforce, Office 365 or a multitude of Google products (e.g. Google Docs) means you’re already in the cloud! What is the Cloud? [...]
Start-up businesses don’t remain start-ups forever, especially in the subscription economy where growth expectations of 50% or more per year are common. As your business grows, you will need to revise your plans and goals to ensure that you are accomplishing your core strategy. Typically the main shift occurs when you begin to establish your customer base and the need to engage with these clients becomes much broader than just signing a contract or setting them up on your service. We typically see three clear transition periods in the business that the leadership team must manage to drive growth. These transitions [...]
CPM Vendor Selection | Find the right fit for your budgeting & forecasting needs Start Date: Thursday Dec 14th, 2017 Time: 2:00pm-3:00pm EST Join us as we provide some insight on evaluation criteria you should consider when looking for a new solution for your Budgeting, Forecasting, or Consolidation process. We’ll share what factors to consider and why to consider them, including ease of use, architecture and post go live maintenance. Presented by Thomas Ho, Director of Professional Services at Delbridge Solutions. The webinar will discuss the following topics: Corporate Performance Management (CPM) overview Issues with using Excel for Budgeting, Planning & [...]