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Are You Ready For the Cloud?

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 [...]

From Start-up to Maturity: The Evolution of your Subscription-Based Business

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 [...]

Blog Post: Are You Ready For the Cloud?

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 [...]

Top 3 reasons why you should measure Employee Profitability and Profitability by Case

In today’s rapid changing market, the greatest asset of successful firms is the strength of its talented workforce.  Employees must be motivated, trained, retained, and effectively managed to ensure they help your firm increase its profitability.  Many times, firms only measure the profitably per partner as a key performance indicator of profitability.  However, there is [...]

An Organization’s Secret Weapon: CPM and KPI Analysis

A Key Performance Indicator (KPI) is a quantifiable measurement for gauging business success. You need to focus on the issues and fires burning today-not tomorrow, so the most important consideration is to improve strategies that deliver optimum results. A company must establish its strategic and operational goals and then choose the KPIs that best reflect [...]

Migrating from Cognos FSR to CDM

IBM Cognos Disclosure Management (CDM) is essentially an upgrade to IBM Cognos Financial Statement Reporting (FSR). Built using the same logic, the IBM Product Team gathered FSR end user feedback to produce the next major version of the product, and CDM was the result. With an updated architecture, significantly improved performance, an Office 2010 look [...]

Introducing IBM Cognos TM1 10.2

IBM Cognos TM1 has further enhanced its features for an improved user experience with its latest release, TM1 10.2. Some of the existing functionality that current TM1 users are familiar with includes: Powerful planning and analysis with a 64-bit, in memory OLAP server capable of consolidating huge volumes of data Enterprise level planning and analysis [...]

How to Build Effective Dashboards

The purpose of dashboards and scorecards is to provide key stakeholders with a high-level overview of their organization’s performance based on various metrics or KPI’s; however, different users within some organizations request different types of data to be displayed, which eventually leads to the dashboard being difficult to read and filled with non-critical data. When [...]

Best Practices for Budgeting and Planning

The rapidly changing business environment constantly challenges companies urging them to look for more effective business practices. What are the main factors and limitations needed to be taken into consideration for a successful budgeting and planning processes? For an effective planning and budgeting process, the following should be properly determined: Budget process definition The right [...]

How a Corporate Performance Solution can improve your Capital Expenditure (CAPEX) Planning

Capital expenditure planning can be an important part of an organization’s budgeting process. The need to effectively plan capital purchases and depreciation can be critical with maintaining accurate budgeting and forecasting throughout the fiscal year. Despite the importance of maintaining effective capital expenditure plans, many firms may find the process tedious or cumbersome. This can [...]