By Pietro Ferrari, CTO, BOARD International

I recently read an article on the development of modern music that resonated with my thoughts on where the fields of BI and analytics are headed. At the dawn of our digital era more than half a century ago, a man named Robert Moog invented the most commercially viable and popular music synthesizer that forever improved the art of music production.

Rather than replicating versions of individual instruments – strings, brass, percussion – Moog designed a system in 1964 that allowed musicians to recreate the sounds of all of them. And by synthetically replicating every possible musical tone, he broke down the barriers between individual instruments, allowing musicians to mix and modulate multiple sounds to create entirely new ones in revolutionary new compositions.

The benefits of data-driven decision-making

Recent meetings with BOARD enterprise customers around the world have illustrated a similar revolutionary convergence in which they have benefited from what had been individual products (BI reporting, forecasting, planning, and predictions) being combined into a single software platform.  They too have broken down the barriers between those individual components, giving them a powerful multiplier effect that is far greater than the sum of individual parts.

By aligning strategy with execution and finance with operations, they are now able to make strategic decisions for the entire enterprise with a degree of reliability and accuracy previously unknown in the BI/Analytics realm.

Industry Analyst Wayne Eckerson of the Eckerson Group has documented similar findings in his new report “Decision Making Platforms – Driving Decisions from Insights.”   Eckerson writes that in decision-making software, “the same integrated repository of data used for reporting and analysis tasks can be used by visual discovery tools, data science and planning and budgeting tools.  Rather than create duplicate data sets for each functional area, a decision-making platform uses one data set to support all workloads.”

“Similarly, planning tools set targets that can be incorporated into dashboards and scorecards.  And planning spares BI tools from having to create a clumsy what-if analysis without detailed models that come from planning and budgeting tools.”

Using decision-making tools in practice

As an example, Eckerson sites executives of a major US university trying to understand the potential impact on infrastructure and resources if it grows its student population by 10%.  “Performing this ‘what-if’ analysis is a manual process that requires a team of expert data analysts.  They need to spend weeks combining and crunching data from many different sources.  The result is a static document with no ability for members of the executive council to adjust the scenario.

“In contrast, with a decision-making platform the executives themselves can create various scenarios using a point-and-click interface.  They can adjust variables in the models, click a button, and see the impact on other variables, such as staffing, class size, teacher-student ratio, and costs.  The application is ready and available when they want to use it; it doesn’t require a team of data analysts to customize the data set and visualizations.”

What Robert Moog and earlier engineers did for music production half a century ago is now being done for enterprise-class decision making.  And, just as music composition was revolutionized then, the productivity and accuracy gains to corporate adopters of decision-making platforms is transforming the BI market, delivering far more than the mere sum of those platform’s parts.

 

Click here to read the full Decision-Making Platforms – Driving Decisions from Insights

The client’s installation process was not standardised across many of the African countries. Often this process differed between branches, agents and dealers within these countries. This added unnecessary complexity and increased cost to the client. The client was also faced with numerous installation related issues negatively impacting the customer journey from purchase to consumption of their service.

To read more click here http://digiterragroup.com/wp-content/

Today marks exactly 10 days before the largest annual international trade fair CEBIT 2018 in Hannover Germany commences. CEBIT, a computer expo features a conference and an exhibition on the latest technology and digitisation trends. This year’s theme “Europe’s Business Festival for Innovation and Digitisation” will probably be the biggest, with some of the key topics being: The Internet OF Things, Virtual Reality,  Artificial Intelligence and Drones.

Digiterra is excited to be attending this prestigious event, and will be exhibiting on all five days from 11 June – 15 June 2018 on stand number G45 in hall 15. Our stall will be representing South Africa with our new Software Factory now open in Cape Town, some of our offerings will include : Digital Transformation (Software Development), Reporting & Dashboarding (Business Intelligence,Corporate Performance Management) and Business & IT Transformation (Process Optimisation).

We will also be showcasing our new product DigiView, which are predefined, best practice KPI’s and metrics in “plug and play” dashboards and reports.

CEBIT 2018 will be covering the digitisation of businesses, government and society from every angle. Its four sections: d!conomy, d!tec, d!talk and d!campus will represent an entirely new approach, but one thing remains, the show’s core focus is on generating leads and business for all concerned.

So if you happen to be in Hannover Germany, come to CEBIT 2018 expo and pay Digiterra a visit on stand G45 in Hall 15.

 

Digiterra is proud to announce its new offices in San Diego, California, in the United States of America.  We will be fully functional in April 2018.The offices will be managed by Jennifer Flagg, who can be contacted as follows:

Mobile:  +1 386 283 0830

Email: Jennifer.flagg@Digiterragroup.com

Our USA offices will be providing our full range of services including:

Watch this space for more information

Finance Indaba Africa is only 3 weeks away! Approximately 5 000 people including your finance colleagues have already registered to attend the event of the annual finance calendar. Check out the programme for day 1 and day 2. 

Register now with Digiterra – click here and you will:

  1. Meet thousands of your peers from different industries
  2. Learn about the latest in analytics and automation
  3. Hear about the personal experiences of leading South African CFOs​
  4. Engage with thought leaders and FinTech entrepreneurs
  5. Hear from female leaders shattering the glass ceiling
  6. Tips on exercising corporate governance and due diligence
  7. Personal lessons from international finance leaders
  8. Advice on balancing work and life

Hear from your public sector servants on how they are building a better future for South Africa & South Africans.

CFO South Africa has announced the official speakers for the Finance Indaba 2017,

click here to view the list of speakers 

Visit our stand and get to know more about our Corporate Performance Management software, and also get a one on one session with our experts. Looking forward to seeing you there.

 

 

Article posted by CFO South Africa on August 22, 2017 at 8:00 – View Article

“Technology, shared resources and digital collaboration provide businesses with a global view of business,” says Christopher Jones, CEO of Digiterra, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.

Finance professionals and accountants register for the Finance Indaba for free with code FI150

In the coming weeks and months, we will be chatting to all the Indaba partners, asking them why they are joining the event and what their most important message for finance professionals is.

The Finance Indaba is the biggest annual event on the continent for financial managers and specialists who are seeking partnerships to drive progress. Thousands of delegates will gain valuable insights into realising financial performance and growth, becoming more efficient and accessing funding, among a host of other opportunities from leading players in financial services.

 Why will you be present at the Finance Indaba?
“We want to network with finance professionals, as well as showcase and demo our Enterprise Performance Management solution and follow up on any interest.”

What will you be talking about or showcasing?
“We will be showcasing our Board International Enterprise Performance Management solution.”

What challenges can you help finance professionals/firms with in 2017?

  • Consolidating information (from various sources into a single view)
  • Budgeting, planning and forecasting
  • Analytics and Dashboards to provide meaningful information for informed decision-making
  • Trend analysis

How important is technology and innovation in your business?
“It is our core business – we believe that the right technology solution enables processes and provides the means for effective decision-making.”

With offices both locally and globally, how do you ensure a uniform standard of service?
“Technology, shared resources and digital collaboration provide businesses with a global view of business.”

Do you want to about Digiterra’s enterprise performance management solution?  Do you want to be informed about the latest and greatest in finance? Then dont miss the Finance Indaba Africa 2017

Register Now

18 July 2017

By Daniel Phillips, Marketing Manager, BOARD UK

Board International Future of Finance

As business finance functions face pressure to deal with a growing array of data sources, it becomes increasingly clear that spreadsheet-based consolidation, reporting and forecasting can no longer keep up with the pace of change. While spreadsheets are obviously going nowhere fast (recent research by financial modelling firm F1F9 suggests 71% of large British businesses use spreadsheets to make key financial decisions), the question of how to maximise the effectiveness of the modern finance function remains, when exports and comparisons of data from different systems clearly still play a huge part in their activities.

BOARD and PwC recently came together to explore just that, delivering a two-hour breakfast briefing at The Brewery in London entitled “The Future of Frazzled Finance Teams”, attended by over 80 finance professionals. Featuring keynotes from PwC, ZF, Calvin Capital and BOARD, the event explored the ways in which finance departments are dealing with an increasingly demanding and data-driven environment.

Technological advancement in the office of finance

Unsurprisingly one of the key themes to emerge from the morning was that of upgrading finance technology. In a benchmarking survey by PwC, 56% of respondents felt improvements in finance technology would make finance processes more effective. In a similar vein, PwC shared the fact that it regularly sees over 40% of time spent on waste and activities that could be automated in relation to billing and management reporting. Both of these statistics are indicators that the future of the finance function lies in greater, more effective use of technology.

‘When’ not ‘what’

When the word ‘automation’ is mentioned, there’s an assumption this will mean a negative effect on human job roles, but the reality is far from this. In PwC’s survey, regular activities such as billing, management reporting, budgeting and forecasting are rated amongst the top tasks which could benefit from an automated approach, freeing up time and enabling staff to perform more value-added activities, in turn increasing efficiency and productivity.

With the tools already available in the marketplace to support this step change in process efficiency, it seems more a question of ‘when’ rather than ‘what will things look like’. BOARD offers companies the capability to perform financial consolidations, produce budgets/forecasts and deliver management reporting packs with just a few clicks, and more than 3000 organisations worldwide are already benefiting from being more financially and operationally efficient.

Take the journey

In PwC’s experience, the move to a more future-proofed finance function is a journey. Establishing good financial processes, underpinned by a robust business solution, can do wonders for your organisation.
If this blog has peaked your interest in taking your first steps, take a look at the event overview video below to get a feel for how things went on the day, check out our Events page for more upcoming sessions, or request a free BOARD demo for a demonstration of our capabilities. Change could be easier than you think.

We are excited to showcase our BOARD Business Intelligence and Corporate Performance Management Solution – discover more about BOARD here

Beware of Invisible Waste!

Thursday, 08 December 2016 by

Adrian Reed discusses why assessing customer demand and understanding waste is extremely useful in information-rich processes.

When analyzing and improving processes, it is often very valuable to understand customer demand and focus on reducing waste. Wasteful activities include….. more….

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“81% of senior finance professionals believe CFOs will be more influential in decision making”

Download the Survey

Board infographic

Finance professionals are facing some of the most demanding and challenging conditions for decades and this survey brings into sharp reality the progress they have made along the modern finance journey, namely:

  • Striving to be better business partners
  • Nurturing new finance talent to meet the exceptional demands of the digital economy
  • Guiding imaginative strategies and innovation
  • Standardizing and automating core finance processes and linking  them to back office systems
  • Learning how to manage and analyse the burgeoning volume and variety of data.

This detailed survey was completed by more than 760 senior finance members of the FSN Modern Finance Forum on LinkedIn.

The responses were gathered from across the globe and from 23 different industries, making it one of the largest and most authoritative studies of its kind.  And it didn’t disappoint in terms of its findings.

As proud sponsors of this research report, BOARD hopes you find this study interesting and enlightening.

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