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Answers. Not More Reports .

Answers. Not More Reports. Jon Loomer. InsightSoftware.com. Session Objective. More Answers. Less Reports. Information Age vs Conceptual Age. From “Strategic Learning” by Willie Pietersen.

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Answers. Not More Reports .

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

  2. Session Objective • More Answers. Less Reports.

  3. 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. 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. 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. 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 ismaking sense of the overwhelming volume of informationalready available to us. Sense-making, creativity, and ability to synthesize, not just analyze, have become paramount.

  6. What the Conceptual Age Means for You • Information Age vs. 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

  7. What the Conceptual Age Means for You

  8. What the Conceptual Age Means for You Transforming Finance

  9. Transforming Finance Moving from paper pusher to strategic driver • 3 major issues in finance today: • Poor utilization of talent • 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.”* • 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

  10. 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

  11. What the Conceptual Age Means for You • Fully Utilize Talent and Technology Transforming Finance

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

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

  14. Engaging Collaborative Intelligence Leverage Subject Matter Experts and the Oracle community

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

  16. Engaging Collaborative Intelligence Leverage SMEs and the Oracle community

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

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

  19. 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 ERP1 • Business Intelligence consulting fees range from 30% to 300% of the cost of the software2 • Opportunity cost of internal talent & time 1TechRepublic: 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

  20. Simplifying the Business • Easy to use • Quick to install • Rapid user adoption Let the experts build the foundation! Look for Pre-Built Content • 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

  21. Live demonstration of • Insight Console

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

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

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

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

  26. Reporting is Yesterday’s News • 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. • Empower Your Business Users!

  27. What the Conceptual Age Means for You

  28. NORTH AMERICA WORLDWIDE Headquarters : 1-855-467-4448 UK/Europe : +44 (0)845-467-4448 • Netherlands: +31 (0)71-52-49-221 • South Africa: +27 11-463-8114 • Australasia: +61 (0)2-8216-0810 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. InsightSoftware.com is a Partner in the JD Edwards Enterprise One, JD Edwards World and Oracle E-Business Suite applications-product focus areas.

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