answers. not more reports. jon loomer insightsoftware.com
TRANSCRIPT
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Answers. Not More Reports.
Jon LoomerInsightSoftware.com
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Slide 2
Session ObjectiveMore Answers. Less Reports.
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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.
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Slide 4
Information Age vs. Conceptual AgeFrom “Strategic Learning” by Willie Pietersen
The information age concentrated on the volume and ubiquity of data.
It turned information into a commodity, which hasbecome abundant, cheap and relatively transferable.
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Slide 5
Information Age vs. Conceptual AgeFrom “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.
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Slide 6
Information Age vs. Conceptual Age
What the Conceptual Age Means for You
Information Age
Conceptual Age
Report building Information use
Static reports Interactive information
Staged data Real-time business answers
Executive Dashboards Personal Smart Views
Business Intelligence Collaborative Intelligence
Information overload Information workflow
Report run & distribution Self service - anytime, anywhere, any device
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Transforming Finance
Collaborative Intelligence
Simplifying the BusinessEducating
the Enterprise
What the Conceptual Age Means for You
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Transforming Finance
What the Conceptual Age Means for You
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Slide 9
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Slide 10
Transforming FinanceMoving 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 company’s 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 company’s 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: http://www.emc.com/collateral/about/news/emc-data-science-study-wp.pdf
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Slide 11
Transforming FinanceIn 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
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• Fully Utilize Talent and Technology
Transforming Finance
What the Conceptual Age Means for You
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• Fully Utilize Talent and Technology
Transforming Finance
Collaborative Intelligence
What the Conceptual Age Means for You
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Collaborative IntelligenceWorking 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”
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Slide 15
Engaging Collaborative IntelligenceLeverage Subject Matter Experts and the Oracle community
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Slide 16
Engaging Collaborative IntelligenceLeverage Subject Matter Experts and the Oracle community
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Slide 18
Leverage SMEs and the Oracle communityEngaging Collaborative Intelligence
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• Leverage the Community
• Fully Utilize Talent and Technology
Transforming Finance
Collaborative Intelligence
What the Conceptual Age Means for You
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• Leverage the Community
• Fully Utilize Talent and Technology
Transforming Finance
Collaborative Intelligence
Simplifying the Business
What the Conceptual Age Means for You
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Slide 23
Simplifying the BusinessKnow 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 ERP1
Business Intelligence consulting fees range from 30% to 300% of the cost of the software2
Opportunity cost of internal talent & time
1 TechRepublic: http://www.techrepublic.com/article/four-factors-that-shape-the-cost-of-erp/1054263 2 Forrester blog post: http://blogs.forrester.com/boris_evelson/11-08-12-question_on_bi_total_cost_of_ownership
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Simplifying the BusinessLet 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
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Slide 25
Live demonstration of
Insight Console
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• Leverage the Community
• Fully Utilize Talent and Technology
Transforming Finance
Collaborative Intelligence
Simplifying the Business
What the Conceptual Age Means for You
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• 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
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• 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
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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
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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 Yesterday’s NewsEmpower Your Business Users!
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• Fully Utilize Talent and Technology
• Leverage the Community
• Shortcut to the results
• Become Self-Sufficient
Transforming Finance
Collaborative Intelligence
Simplifying the Business
Educating the Enterprise
What the Conceptual Age Means for You
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Slide 32
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