1 © 2014 Adaptive Insights | Confidential & Proprietary
T H E G L O B A L L E A D E R I N C L O U D B I & C P M
FP&A Power Hour Finance Technology for Modern Enterprises
Featuring Forrester Research and Boston Scientific
2 © 2014 Adaptive Insights | Confidential & Proprietary
T H E G L O B A L L E A D E R I N C L O U D B I & C P M
FP&A Power Hour Finance Technology for Modern Enterprises
Featuring Forrester Research and Boston Scientific
3 © 2014 Adaptive Insights | Confidential & Proprietary
Today’s Speakers
Paul Hamerman Vice President and Principal Analyst
Paul Turner Senior Director
Strategy
Mark Powers Manager
Operations Finance
Finance Technology for Modern Enterprises
Accelerating FP&A with Adaptive Insights
Tapping the Cloud at Boston Scientific
4 © 2014 Adaptive Insights | Confidential & Proprietary
Agenda – Learning Goals
• The key trends in finance software and what they mean to you
• The value that Corporate/Financial Performance Management can bring
• Different deployment strategies that you can use
• How to apply real-life examples from enterprises that are using the cloud
Adaptive Insights Webinar:
FP&A Power Hour – Finance
Technology for Modern Enterprises
Paul Hamerman, Vice President and Principal Analyst
Forrester Research, Inc.
March 25, 2014
© 2014 Forrester Research, Inc. Reproduction Prohibited 6
Agenda
› FP&A drives financial performance
› Trends in finance software adoption
› Strategies to deploy FP&A solutions
Finance seeks greater levels insight and
predictability as the economy is
disrupted by the digital age
Digital businesses of the future ride 4 key technology trends: cloud, mobile, social, and big data
March 2013 “Capitalize On Emerging Technology For Innovation And Growth”
The digital economy – trends impacting finance
• The pace of acquisitions accelerates:
• Startups and cloud companies are targets
• Traditional businesses consolidate for efficiency
• Recurring revenue replaces up-front revenue
recognition, placing pressure on profitability
• Revenue growth, cash flow, and profits lead finance
priorities
• Finance will invest in cloud-based software technology
for flexibility and growth
FPM helps finance add value at multiple levels of the organization
© 2012 Forrester Research, Inc. Reproduction Prohibited
The Functional Scope Of Financial Performance Management
September 2013 “The Forrester Wave™: Financial Performance Management, Q3 2013”
The Financial Performance Life Cycle: Finance processes are conceptually linked across the time dimensions of past, present and future…
August 2011 “Align Financial Processes And Systems For Better Business Value And Compliance”
Financial business process challenges • Difficulty to integrate data from disparate transactional systems
• Financial and ERP software updates are costly and often deferred.
• A lengthy and complicated process to close the books
• Increasing compliance burdens (e.g., SOX, XBRL, IFRS) for
financial reporting and industry-level compliance
• Labor-intensive efforts to assemble external financial reports and
regulatory filings
• A volatile global economy, which complicates planning and
forecasting efforts
• A need for timely internal management reporting to speed decisions
Why companies buy FPM solutions
1. Agility: Changing business models and the need for increased flexibility
in planning and analysis drives the need for new or expanded
capabilities from the software solution.
2. Insight: Companies need relevant and timely information about how
their business is performing, with that ability to take corrective and
accelerating actions.
3. Obsolescence: Products that have been poorly maintained, heavily
customized, or reach end-of-life due to outdated technology. Customers
may be looking for an alternative deployment model (e.g., SaaS) to
reduce support resource requirements.
4. Efficiency: Companies struggle with labor-intensive processes that are
heavily dependent on spreadsheets and email
5. Regulation: Disclosure and accounting regulations, typically imposed
by national securities regulators and industry oversight (e.g., banking,
insurance, utilities).
14
© 2014 Forrester Research, Inc. Reproduction Prohibited 15
Agenda
›FP&A drives financial performance
› Trends in finance software adoption
›Strategies to deploy FP&A solutions
Source: Forrsights Software Survey, Q4 2013
Companies of all sizes invest in planning,
budgeting and forecasting software
9%
12%
12%
9%
33%
23%
3%
5%
8%
6%
12%
36%
28%
6%
Not interested
Interested but no plans
Planning to implement in a year or more
Planning to implement in the next 12 months
Implemented, not expanding
Expanding/ upgrading implementation
Don't know
Base: 1,811 at companies with 20 or more employees
>1000 employees
< 1000 employees
What are your plans to adopt the following packaged applications
(Planning, budgeting and forecasting):
Cloud-based software growth indicates an exodus from traditional software consumption models
July 2013 “A Mixed Outlook For The Global Tech Market In 2013 And 2014”
SaaS spending is growing, but the
majority remains on-premise
Companies Look To SaaS To Improve Agility And Speed
Source: Forrsights Software Survey, Q4, 2013
Base: 1,417 enterprise and SMB companies
57%
67%
69%
68%
69%
72%
75%
Ability to substitute upfront costs withregular monthly payments
Lower overall costs
Faster delivery of new features andfunctions from SaaS/as-a-service…
Support business innovation with newcapabilities
Allows us to focus resources on moreimportant projects
Speed of implementation anddeployment
Improved business agility
Agility
and
Speed
Cost
“How important were the following benefits in your firm's decision to use
SaaS?”
© 2013 Forrester Research, Inc. Reproduction Prohibited 20
SaaS is already well-adopted within Finance
© 2013 Forrester Research, Inc. Reproduction Prohibited 21
SaaS adoption in Finance, ERP and BI is growing rapidly
Benefits of putting financial systems in the cloud
› Business flexibility improves with software that is
designed to be managed by business people
Less dependence on internal IT for systems
support
› Systems are upgraded and updated regularly –
reduced obsolescence
› Transparent cost of ownership via subscription model
› Modern integration technology allows more frequent
updates and better connections to internal and external
stakeholders
› Business insight delivered quickly and in context
© 2014 Forrester Research, Inc. Reproduction Prohibited 23
Agenda
›FP&A drives financial performance
›Trends in finance software adoption
› Strategies to deploy FP&A solutions
3 models for FP&A Systems
1. ERP-centric, global
instance 2. Hub-and-spoke 3. Hybrid using
best of breed in the
cloud
Corporate
Accounting
System
FPM
Corporate
Accounting
System(s)
Consoli-
dations
Unit 1
Unit2
Unit3
Accounting
System(s)
PBF
Analytics
Consoli-
dations
Corporate
Planning
System(s)
In the hub and spoke deployment model, cloud adoption typically starts within a business unit and expands
Unit 1 Unit3
Corporate
Planning
System(s)
Unit 2
Hybrid strategy for enterprises: loosely-coupled financial systems, leveraging cloud and on-premise software
Corporate
Accounting
System
Revenue &
Operations
External Reporting
and
XBRL
Planning, Budgeting &
Forecasting
CRM
Divisional
Accounting
Systems
Divisional
Accounting
Systems
Divisional
Accounting
Systems
Performance
Analytics Financial
Consolidations
eCommerce
Recommendations
• Assess the health of your current set of financial
applications and processes
• Automate compliance-oriented processes to drive
efficiency from “close to disclose”
• Innovate your financial reporting and delivery
capabilities with advanced analytics technology
• Leverage modern cloud software solutions to
increase flexibility and continuously keep the
software up-to-date
• Choose a deployment model that fits your business
model – centralized, hybrid, or hub-and-spoke
29 © 2014 Adaptive Insights | Confidential & Proprietary
Adaptive Insights Overview
Using the Cloud to Drive CPM
30 © 2014 Adaptive Insights | Confidential & Proprietary
We Help Organizations Transform Efficiency
Customers Success Product
Partners Backing Analysts
1½ FTEs Freed up to focus
on strategy
100+hrs Less Finance effort
20wks Less planning and
reporting
83% Faster forecasting
103 Days to report
75% Fewer
Spreadsheets
31 © 2014 Adaptive Insights | Confidential & Proprietary 31
Complete Integrated Suite
Unified BI & CPM
Built for the cloud
Powerful & flexible
Intuitive experience
Continuous innovation
32 © 2014 Adaptive Insights | Confidential & Proprietary
2,000
customers
200+
partners
50%+
growth
85
countries
#1
share
Our cloud business analytics platform empowers management
teams to transform their planning, reporting, consolidations
and analysis – improving productivity, costs & decisions.
THE GLOBAL LEADER IN CLOUD BI & CPM
33 © 2014 Adaptive Insights | Confidential & Proprietary
Enterprises Run Adaptive
34 © 2014 Adaptive Insights | Confidential & Proprietary
T H E G L O B A L L E A D E R I N C L O U D B I & C P M
Tapping the Cloud at Boston Scientific Mark Powers, Manager, Operations Finance
35 © 2014 Adaptive Insights | Confidential & Proprietary
Q&A
36 © 2014 Adaptive Insights | Confidential & Proprietary
Additional Information
37 © 2014 Adaptive Insights | Confidential & Proprietary 37
Paul Turner Sr. Director of Strategy [email protected]
Talk to us anytime!
Take the Next Step!
Visit Adaptive Insights Web Site:
– Complete Demo:
http://www.adaptiveinsights.com/demo_recorded.php
– Free Trial:
http://www.adaptiveinsights.com/enterprise_trial/
Don’t forget to…
– Download your copy of the Forrester report,
“Planning, Analysis, And Reporting Solutions Drive
Financial Performance Management”
– Complete the short survey at the end of this webinar
for CPE credits
38 © 2014 Adaptive Insights | Confidential & Proprietary
Thank You. Be Adaptive!
Top Related