July 2014

Successful sales and operations planning (S&OP) processes are dependent on tools that can analyze data and present executives with the up-to-date information needed to make meaningful decisions.

Well-functioning S&OP tools prevent executives from having to go through multiple request layers to access crucial data. Only when top-level department executives are properly informed about the status of Sales and Operations departments can they make decisions that drive business growth.

According to John Westerveld of Kinaxis, an S&OP and supply chain solutions provider, the best S&OP tools:

Continue reading 7 Characteristics Of World Class S&OP Tools

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Upgrading or migrating your old, legacy accounting system to a unified, web-based corporate performance management solution could significantly benefit your company.

In his article, “5 Signs You Need a New Accounting System”, Brian Dietz, CPA, of Brittenford Systems, says that, rather than procuring, implementing, and training users on a net-new solution, companies should consider augmenting their existing accounting system with an automated, web-based corporate performance management (CPM) solution.

Here are five signs that your company’s accounting system is inefficient and an explanation of the ways a CPM solution can help extend its life.

Continue reading Time For A New Accounting System? 5 Signs You Need to Upgrade Today

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Bank capital planning processes are coming under greater scrutiny as the Federal Reserve begins assessing firms’ internal controls more frequently and directly over the course of a year.

After the economic meltdown of 2008, the Feds designed a “stress test” to hold banks to higher risk management standards and ensure they have enough capital to continue actively lending to households and businesses in adverse economic conditions.

However, in June, 2014, Federal Reserve Governor Daniel Tarullo announced that banks need to be more closely supervised because some “still lack reliable information about their business and exposure” and are “unable to measure or understand how stressful conditions can change the performance of their material business lines”.

Continue reading Important News About Bank Capital Planning: Feds To Supervise Banks’ Plans Year-Round

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