Looking for a Lease Accounting Software to comply with ASC 842 or IFRS 16? Here are Six Important Factors to Consider.

A major change in lease accounting standards, effective as of January 1, 2019, has left many public companies scrambling to adjust their operating lease accounting practices. Operating leases include all leases related to business operations, including office space, factories, warehouses, ships, planes, and automobiles. In the past, operating leases were [...]

CPM Platform Implementation – Should You Outsource or Implement In-house?

Getting the most from your investment into a Corporate Performance Management (CPM) solution heavily relies on a successful platform implementation. While a lacklustre implementation limits the platform’s true scope and utilization, it also fails to inspire user adoption due to potential gaps in product training, improper or incomplete template, report, [...]

CPM Solution Implementation Potholes – Lessons Learned on the Road to Success

Implementing a new Corporate Performance Management (CPM) solution is not a simple task. Significant attention must be paid in multiple areas to ensure that the promise of workflow automation, data integrity, auditable processes, and greater financial planning flexibility are realized once the platform goes live. A successful implementation isn't a [...]

What to look for in a Corporate Performance Management solution?

What factors should organizations consider when selecting a Corporate Performance Management solution for their budgeting, forecasting, and reporting needs? This is a very subjective question as the answer is different based on each company’s unique requirements. You must know the right questions to ask software vendors when looking to enhance [...]

Cloud or On-Premise… What’s Right For You?

An important step when selecting a Corporate Performance Management (CPM) solution is deciding whether to use a cloud-based or an on-premise solution. They both have their benefits and perceived drawbacks but, with the increasing availability, flexibility, and scalability of cloud services, on-premise solutions are becoming a less preferred option. However, [...]

Best practices for implementing leading Budgeting, Forecasting and Reporting solutions like CCH Tagetik, Adaptive Insights and Vena

Leading budgeting solutions like CCH Tagetik, Adaptive Insights and Vena help businesses optimize their budgeting practices with automation and process enhancement. Successful implementation of a budgeting solution requires strategic planning, skillful resources and meticulous execution. You should start the implementation by first understanding the existing business process and what you [...]