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Enterprise Performance Management
Everything you think you know is wrong
August 18, 2014
Enterprise Performance Management (EPM)
solutions have definitely evolved through the ages.
Today you need new ways of loo...
| Tidemark Confidential3
The Journey
Counting Beans
The traditional analytics offerings − big and bulky and still
relevant...
| Tidemark Confidential4
The Journey
Excel Hell
Analytics on 250 separate
Excel documents. Risky,
complex and understood
b...
| Tidemark Confidential5
The Journey
Collaborative and Mobile
Business Planning
New business performance
management offeri...
Why Legacy EPM Fails and Modern EPM Prevails
The era of CFOs as gatekeepers who primarily
oversaw transactions is over.
 ...
| Tidemark Confidential7
CFOs Who Don’t Embrace These Technologies
will be Left Behind
They need real-time insight, contex...
| Tidemark Confidential8
Is your Finance Department ready for the future?
The cloud is the way smart
business do business ...
| Tidemark Confidential9
Is your Finance Department ready for the future?
Mobile is now the de facto way
for business user...
| Tidemark Confidential10
Is your Finance Department ready for the future?
According to a recent survey
by research and co...
| Tidemark Confidential11
Is your Finance Department ready for the future?
The average company spends 4 months budgeting
u...
| Tidemark Confidential12
Is your Finance Department ready for the future?
In contrast, companies using
modern business pe...
| Tidemark Confidential13
Advantages to a Cloud-Based, Modern
Approach to Business Performance & Analytics
According to a ...
Are you ready to again pay that $250K maintenance
bill from your legacy vendor for zero innovation on a
product that’s 20 ...
| Tidemark Confidential15
The Choice is to Eat or Be Eaten
Real Time insight from big data and
modern systems gives CFOs t...
| Tidemark Confidential16
The Choice is to Eat or Be Eaten
Context around data − You
need it to extract value
Modern busin...
| Tidemark Confidential17
The Choice is to Eat or Be Eaten
Collaboration is Key
Your finance department is only one
depart...
| Tidemark Confidential18
The Choice is to Eat or Be Eaten
StorylinesTM Makes It Clear
The ability to see and share action...
| Tidemark Confidential19
CFOs need modern solutions to realize the full
potential of their business − they need platforms...
| Tidemark Confidential20
They need solutions that replace annual budgeting with
planning that are always current, saving ...
| Tidemark Confidential21
Footnotes
[1] Gartner, July 31, 2013. Tech Go-to-Market: Best Practices for Selling Services or ...
Are you ready to make the change?
Start your transformation today at
www.tidemark.com
| Tidemark Confidential22
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Everything you think you know about Enterprise Performance Management is Wrong

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The era of CFOs as gatekeepers who primarily oversaw transactions is over. To grow aggressively, companies need a modern approach to business analytics. CFOs need real-time insight, context around data, and collaboration capabilities to take their business to the next level. Real time insight from big data and modern systems give CFOs the data they need to improve decisions, reduce risk and improve performance.

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Everything you think you know about Enterprise Performance Management is Wrong

  1. 1. Enterprise Performance Management Everything you think you know is wrong August 18, 2014
  2. 2. Enterprise Performance Management (EPM) solutions have definitely evolved through the ages. Today you need new ways of looking at your business and modeling change − not the unkept promises of slow, expensive and unreliable legacy solutions. | Tidemark Confidential2
  3. 3. | Tidemark Confidential3 The Journey Counting Beans The traditional analytics offerings − big and bulky and still relevant for some analytics jobs but inflexible, slow and expensive Year 2000
  4. 4. | Tidemark Confidential4 The Journey Excel Hell Analytics on 250 separate Excel documents. Risky, complex and understood by only a select few within an organization. Year 2007
  5. 5. | Tidemark Confidential5 The Journey Collaborative and Mobile Business Planning New business performance management offerings leverage the cloud on any device, involving people from across the business to drive a data-driven culture. Today
  6. 6. Why Legacy EPM Fails and Modern EPM Prevails The era of CFOs as gatekeepers who primarily oversaw transactions is over.  The dark days of information trapped in systems only accessible by the few in finance are numbered. To grow aggressively, companies need a modern approach to business analytics.  They need applications that are cloud-based, mobile-first and field ready. | Tidemark Confidential6
  7. 7. | Tidemark Confidential7 CFOs Who Don’t Embrace These Technologies will be Left Behind They need real-time insight, context around data, and collaboration capabilities to take their business to the next level.  According to Gartner [1], CFOs are involved in 84% of all IT decisions. • Making the right technology decisions has never been more important.
  8. 8. | Tidemark Confidential8 Is your Finance Department ready for the future? The cloud is the way smart business do business − and it’s here to stay.  IDC [2] research predicts cloud technology spending will grow by 25 percent in 2014, reaching over $100B. Cloud
  9. 9. | Tidemark Confidential9 Is your Finance Department ready for the future? Mobile is now the de facto way for business users and consumers to devour and act on data.  Technologies that aren’t designed to work on every mobile device will lose market share in the coming year. Mobile First, Web Always
  10. 10. | Tidemark Confidential10 Is your Finance Department ready for the future? According to a recent survey by research and consulting firm McKinsey [3] & Co., more than a third of C-level executives predicted that successfully leveraging big data − along with mobile, social and cloud computing − would boost their operating profits by 10% in just three years. Big Data
  11. 11. | Tidemark Confidential11 Is your Finance Department ready for the future? The average company spends 4 months budgeting using legacy technologies. Error prone spreadsheets are usually to blame, and they’re costing companies 4 months every year that could be spent more productively.
  12. 12. | Tidemark Confidential12 Is your Finance Department ready for the future? In contrast, companies using modern business performance management spend only 14 days forecasting because their analytical processes enable fast, accurate and data-driven decisions.
  13. 13. | Tidemark Confidential13 Advantages to a Cloud-Based, Modern Approach to Business Performance & Analytics According to a July 2013 Gartner[1] report, CFOs stated their #1 priority in the coming year is growth. And they state that business analytics and performance management will be their most important tool for achieving growth.  With legacy systems it can take weeks to close the books, but businesses today move in real-time.  Can you afford to stick with technologies that can’t keep up with the pace of business? • And will you wait until your competition adopts them and you are left behind?
  14. 14. Are you ready to again pay that $250K maintenance bill from your legacy vendor for zero innovation on a product that’s 20 years old? Modern Performance Management in the cloud gives you more accurate, predictable results for competitive advantage, without the huge price tag. | Tidemark Confidential14
  15. 15. | Tidemark Confidential15 The Choice is to Eat or Be Eaten Real Time insight from big data and modern systems gives CFOs the data they need to improve decisions, reduce risk and improve performance. Using old data is like choosing your clothes on yesterday’s weather report. Hope you don’t forget your umbrella! Advantages
  16. 16. | Tidemark Confidential16 The Choice is to Eat or Be Eaten Context around data − You need it to extract value Modern business analytics use context to pinpoint where to place resources so that your business runs more efficiently. Would you rather use a GPS or a fold out map? We thought so. Advantages
  17. 17. | Tidemark Confidential17 The Choice is to Eat or Be Eaten Collaboration is Key Your finance department is only one department − but by integrating all departments and roles within your organization, budgeting and forecasting becomes dynamic and effective. No more Excel Hell − need we say more? Advantages
  18. 18. | Tidemark Confidential18 The Choice is to Eat or Be Eaten StorylinesTM Makes It Clear The ability to see and share actionable visualizations that dynamically tell the story of a company’s performance in the context of data driven decisions that make sense of massive amounts of internal and external data in real-time. Data that everyone can see, share and understand. Advantages
  19. 19. | Tidemark Confidential19 CFOs need modern solutions to realize the full potential of their business − they need platforms built for the cloud, for any mobile device and designed to take in real-time data from virtually any source.
  20. 20. | Tidemark Confidential20 They need solutions that replace annual budgeting with planning that are always current, saving time and resources and driving a culture of performance across the company. Only then will they move from bean counters to business performance management champions. Modern Solutions: • Improve decision making • Reduce risk • Improve business performance
  21. 21. | Tidemark Confidential21 Footnotes [1] Gartner, July 31, 2013. Tech Go-to-Market: Best Practices for Selling Services or Solutions [2] IDC Worldwide ICT Industry Predictions 2014 [3]McKinsey & Company Global Survey, “Minding Your Digital Business”, 2012 Still considering keeping your legacy EPM platform? Consider This: That’s like managing the next 10 years of business performance with a platform built for the last 10.
  22. 22. Are you ready to make the change? Start your transformation today at www.tidemark.com | Tidemark Confidential22

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