answers. not more reports. jon loomer insightsoftware.com

Answers. Not More Reports.

Jon LoomerInsightSoftware.com

Session ObjectiveMore Answers. Less Reports.

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.

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.

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.

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

Transforming Finance

Collaborative Intelligence

Simplifying the BusinessEducating

the Enterprise


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

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

• Fully Utilize Talent and Technology



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”

Engaging Collaborative IntelligenceLeverage Subject Matter Experts and the Oracle community

Leverage SMEs and the Oracle communityEngaging Collaborative Intelligence

• Leverage the Community









Simplifying the Business


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

http://www.techrepublic.com/article/four-factors-that-shape-the-cost-of-erp/1054263

http://www.techrepublic.com/article/four-factors-that-shape-the-cost-of-erp/1054263

http://blogs.forrester.com/boris_evelson/11-08-12-question_on_bi_total_cost_of_ownership

http://blogs.forrester.com/boris_evelson/11-08-12-question_on_bi_total_cost_of_ownership

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

Live demonstration of

Insight Console

• Shortcut to the results













Educating the

Enterprise


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

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!




• Become Self-Sufficient




Educating the Enterprise


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answers. not more reports. jon loomer insightsoftware.com

Documents

device slide

lack of information

transforming finance

strategic learning

ubiquity of data

loads of data

new data

companys ability