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CPM: Trends, Best Practices & Solutions Sponsored by: Adaptive Insights

CPM: Trends, Best Practices & Solutions Sponsored by: Adaptive Insights. Presented by: Brian Storrs, CPA of Intuitive-TEK. Intuitive-TEK. Certified Consulting Partner for Adaptive Insights Top Partner Award: 2010, 2011, 2012, 2013 Run by Former Accountants

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CPM: Trends, Best Practices & Solutions Sponsored by: Adaptive Insights

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  1. CPM:Trends, Best Practices & SolutionsSponsored by: Adaptive Insights Presented by: Brian Storrs, CPA of Intuitive-TEK

  2. Intuitive-TEK • Certified Consulting Partner for Adaptive Insights • Top Partner Award: 2010, 2011, 2012, 2013 • Run by Former Accountants • CPAs and former accountants • Budgeting & Reporting Industry Experts • 30 years of software consulting experience • Headquartered in Lakewood, Colorado

  3. THE GLOBAL LEADER IN CLOUD BI & CPM Our cloud business analyticsplatform empowers management teams to transform their planning, reporting, consolidations and analysis – improving productivity, costs & decisions. 2,300customers 85 countries 200+partners #1 share 50%+ growth

  4. 2,300 Customers Worldwide Manufacturing Software Non-Profit/Edu Healthcare Consumer Financial Svcs Other Media

  5. CPMBest Practices

  6. CPM Best Practices • Planning • Budgeting, Forecasting, What-if’s • Analysis • Data Combo, Financial Reporting, Variance Analysis • Visualization • Dashboards, Alerts, Financial and Non-Financial Data

  7. Planning • Budgeting • Forecasting • What if Scenarios

  8. Analysis • Combine the Data in One Place • Financial Reporting • Variance Analysis

  9. Visualization • Dashboards • Alerts • Financial and Non-Financial Data

  10. Surprising Statistics Budget Tools Used 64% of companies use spreadsheets Time • Finance departments spend 26% of their time on budgetingand planning processes related to spreadsheets • CFOs spend 22% of their time on budgeting, planning, periodic reviews, and related processes • Ventana Research

  11. What Most Companies Use “More than 90% of spreadsheets contain serious errors, while more than 90% of spreadsheet users are convinced that their models are error-free.” Talking Technology, Spreadsheet Solutions, May 2008

  12. Planning is a Continuous Process • Economy and market are volatile • Snapshots do not show the whole picture • FP&A Manager using Excel • November 2008 – All is GREAT! Revenue and Profits are up! • June 2009 – Sky is Falling again! • December 2009 – Looking better. But what happens next? • The budget has become a step in the planning process • Planning year-round allows you to… • Look backwards and forwards • Compare Budget to Actual • Make mid-year adjustments • Continuous Planning Methodology!

  13. Collaboration is Critical • Budgeting, Planning, Reporting have moved beyond just the Finance Department • Companies want people to work together more easily • Online: Available ANYTIME, ANYWHERE • Drive greater alignment around plans, goals and objectives • Facilitate broader, deeper, more transparent participation

  14. Budget Modeling is Becoming More Analytical • “Last Year Comparison” is not enough • Why? • Market volatility reduces value of prior activity as basis for future planning • Managers don’t just manage numbers and $ • Companies using more realistic drivers • How many people? • How many widgets will you sell? • How much depreciation will truly hit? • Model based methodology = realistic • Huge Spreadsheets are born and grow and grow and grow………………!

  15. SaaS and Cloud Based • Software as a Service (SaaS) Advantages: • No IT Support • Faster Deployment • Lower Risk – Cleaner deployments • Higher Customer Satisfaction – Gartner says so

  16. CPM In Practice

  17. Adaptive Planning Implementation Process Data Integration (mapping, import, validation) and Customer Model Review

  18. Thank you! For additional information on Adaptive Insights • Call Intuitive TEK: 303-619-0762 • Email us: Brian.Storrs@Intuitive-TEK.com • Visit us: www.Intuitive-TEK.com

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