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Answers. Not More Reports. Jon Loomer InsightSoftware.com.

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Presentation on theme: "Answers. Not More Reports. Jon Loomer InsightSoftware.com."— Presentation transcript:

1 Answers. Not More Reports. Jon Loomer InsightSoftware.com

2 Slide 2 Session Objective More Answers. Less Reports.

3 Slide 3 From Strategic Learning by Willie Pietersen Information Age vs Conceptual Age The information age concentrated on the volume and ubiquity of data. It turned information into a commodity, which has become abundant, cheap and relatively transferable. In the conceptual age, your source of competitive advantage is no longer finding more information; it is making sense of the overwhelming volume of information already available to us. Sense-making, creativity, and ability to synthesize, not just analyze, have become paramount.

4 Slide 4 Information Age vs. Conceptual Age From Strategic Learning by Willie Pietersen The information age concentrated on the volume and ubiquity of data. It turned information into a commodity, which has become abundant, cheap and relatively transferable.

5 Slide 5 Information Age vs. Conceptual Age From Strategic Learning by Willie Pietersen In the conceptual age, your source of competitive advantage is no longer finding more information; it is making sense of the overwhelming volume of information already available to us. Sense-making, creativity, and ability to synthesize, not just analyze, have become paramount.

6 Slide 6 Information Age vs. Conceptual Age What the Conceptual Age Means for You Information Age Conceptual Age Report buildingInformation use Static reportsInteractive information Staged dataReal-time business answers Executive DashboardsPersonal Smart Views Business IntelligenceCollaborative Intelligence Information overloadInformation workflow Report run & distributionSelf service - anytime, anywhere, any device

7 Transformi ng Finance Collaborative Intelligence Simplifying the Business Educating the Enterprise What the Conceptual Age Means for You

8 Transforming Finance What the Conceptual Age Means for You

9 Slide 9

10 Slide 10 Transforming Finance Moving from paper pusher to strategic driver 3 major issues in finance today: 1.Poor utilization of talent 2.Loads of data, lack of information Just 33% are very confident in their companys ability to make decisions based on new data. * Only 12% of business intelligence professionals strongly believe employees have access to run experiments on data – undermining a companys ability to rapidly test and validate ideas and thus its approach to innovation. * 3.Using technology not purpose-built for the problem Frustration between IT and end users * Global Study:

11 Slide 11 Transforming Finance In action… San Jose Water: Reduced month-end from 7+ days to 3 Off-line spreadsheet wizardry automated and minimized Year-end audit streamlined (particularly around labor & AP) Less time spent building reports, more time spent analyzing

12 Fully Utilize Talent and Technology Transforming Finance What the Conceptual Age Means for You

13 Fully Utilize Talent and Technology Transforming Finance Collaborative Intelligence What the Conceptual Age Means for You

14 Collaborative Intelligence Working better together Why Collaborate… 1.Multiple sources help understand the complete problem 2.Quality control 3.Collaboration can lead to cost savings – even among competitors 4.Collaboration should not be confused with consensus

15 Slide 15 Engaging Collaborative Intelligence Leverage Subject Matter Experts and the Oracle community

16 Slide 16 Engaging Collaborative Intelligence Leverage Subject Matter Experts and the Oracle community

17 Slide 17 Leverage SMEs and the Oracle community Engaging Collaborative Intelligence

18 Slide 18 Leverage SMEs and the Oracle community Engaging Collaborative Intelligence

19 Slide 19 Leverage SMEs and the Oracle community Engaging Collaborative Intelligence

20 Slide 20 Leverage SMEs and the Oracle community Engaging Collaborative Intelligence

21 Leverage the Community Fully Utilize Talent and Technology Transforming Finance Collaborative Intelligence What the Conceptual Age Means for You

22 Leverage the Community Fully Utilize Talent and Technology Transforming Finance Collaborative Intelligence Simplifying the Business What the Conceptual Age Means for You

23 Slide 23 Simplifying the Business Know the TRUE cost of IT strategies to leverage your data Most IT-heavy products have hidden costs. Do you know where yours are? ERP consulting fees can be 3-4 times the cost of the ERP 1 Business Intelligence consulting fees range from 30% to 300% of the cost of the software 2 Opportunity cost of internal talent & time 1 TechRepublic: 2 Forrester blog post:

24 Simplifying the Business Let the experts build the foundation! Look for Pre-Built Content Easy to use Quick to install Rapid user adoption Quickly access key financial information in minutes One click drill down to improve your employee workload View what you need and slice and dice on the fly – not in a spreadsheet Speed up Month-End Close by investigating discrepancies in real time Better Understand your Business Needs

25 Slide 25 Live demonstration of Insight Console

26 Leverage the Community Fully Utilize Talent and Technology Transforming Finance Collaborative Intelligence Simplifying the Business What the Conceptual Age Means for You

27 Shortcut to the results Leverage the Community Fully Utilize Talent and Technology Transforming Finance Collaborative Intelligence Simplifying the Business What the Conceptual Age Means for You

28 Shortcut to the results Leverage the Community Fully Utilize Talent and Technology Transforming Finance Collaborative Intelligence Simplifying the Business Educating the Enterprise What the Conceptual Age Means for You

29 Slide 29 In These Competitive Times… …Real-time interactable information is a key to success! Leading performers use time and money gained from efficiency savings to improve the quality of analysis and provide critical decision support. Top performers have over 40% more (Finance) staff focused on business partnering. From PWC Finance Effectiveness Benchmark Study 2011

30 Slide 30 The business user is KING or QUEEN. Adoption, Adoption, Adoption Simplify complex data A report is not necessarily a report For example, reconciliations and troubleshooting. Finance is the heart of any ERP system. Educating the Enterprise means delivering answers to all areas of the business. Reporting is Yesterdays News Empower Your Business Users!

31 Shortcut to the results Become Self- Sufficient Leverage the Community Fully Utilize Talent and Technology Transformi ng Finance Collaborative Intelligence Simplifying the Business Educating the Enterprise What the Conceptual Age Means for You

32 Slide 32 UK/Europe : +44 (0) Netherlands: +31 (0) South Africa: Australasia: +61 (0) Headquarters : NORTH AMERICA WORLDWIDE InsightSoftware.com is a Partner in the JD Edwards Enterprise One, JD Edwards World and Oracle E-Business Suite applications-product focus areas. Insight is a registered trademark of InsightSoftware.com Ltd. Oracle and JD Edwards are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.


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