Hyperion’s 2007 survey (2007 Business Finance Hyperion Mid-Enterprise Survey) of requirements for business intelligence (BI) and enterprise performance management (EPM) solutions revealed the differences in requirements, evaluation criteria, and purchase influencers between midsize companies and large enterprises. With a heavy reliance on spreadsheets to support EPM processes, top investment areas for midsize companies include budgeting and planning as well as management reporting solutions. Executive influence plays a significant role in selecting software, and ease-of-use and pricing are key evaluation criteria.
The notion that midsize companies have the same BI and EPM requirements as large enterprises is partly true. However, the survey makes clear that these requirements evolve as companies grow from single locations to multiple locations, expand internationally, or change from private to public ownership.
The first few questions in the survey focused on BI and EPM usage and investment plans. In terms of current BI and EPM deployments, the areas most often cited as being currently deployed by midsize companies were budgeting and planning and management reporting. These were followed by financial modeling, query and reporting, dashboards, and performance scorecards. More-advanced functions such as statutory reporting and advanced analysis were less-frequently mentioned. The BI and EPM usage trends for midsize companies were very similar to those for large enterprises surveyed. The results differed more when respondents were asked about future deployment plans.
When asked about the tools currently being used to support BI and EPM processes, spreadsheets were the most of ten used tool, followed by a combination of spreadsheets and general ledger (GL) or enterprise resource planning (ERP) systems. The number of companies relying mainly on packaged applications and tools to support their BI and EPM processes is much lower in the emerging business segment (8%) than in large organizations (24%). A large percentage of respondents (25%) rely on a combination of packaged applications, GL or ERP solutions, and spreadsheet.
For the full survey report, please visit MindStream Analytics.
Tuesday, July 23, 2013
Tuesday, July 16, 2013
Below are some key benefits of DRM:
- Save time and resources spent reconciling reports and measure across business units
- Perform reliable what-if scenarios and impact analyses
- Maintain data integrity across divisions and systems
- Ensure consistent corporate definitions and metrics
- Reduce/eliminate errors in data flow between operational and analytical systems
Thursday, July 11, 2013
Join MindStream Analytics at AICPA Financial Planning and Analysis Conference in Bellagio, Las Vegas July 22-24th!
Creating Certainty for Leaders in an Uncertain World – the theme of this new conference is geared to those who are involved with financial planning, strategy and analysis.
Sharpen Your Skills. Broaden Your Knowledge. This hands-on training conference will expand your expertise in strategy, performance management, financial planning, forecasting and analysis.
For more information please visit http://bit.ly/14rfSxr!