I have seen many clients keep pondering on the question of SAP
products for Performance Management vs Hyperion.. and wasting time! Here is a very useful research insight from the Best Practices Gurus at Hackett Group! There is a cost to
complexity - the sooner the executives who are taking such decisions realize the better it will be for
everyone!By moving to a single ERP system for finance and at the same time implementing consistent
data and technology standards, companies can cut the cost of finance operations by 23 percent, according to Hackett's Book
of Numbersâ„¢ Research. But companies that take either of these approaches independently may see little to no savings, or
even a slight increase in finance operations costs, Hackett found.World-class finance organizations rely on both of these approaches, which help them spend 31
percent less than their peers on finance, operate with nearly half the staff, and also complete their financial reporting
cycle more quickly each month.In addition, they turn to a wide range of other complexity reduction techniques that
help them generate even more cost savings. World-class finance organizations, for example, rely on a single chart of
accounts, use half the bank accounts of typical companies, and do fewer budget
iterations.In fact they go on to say that one-stop ERP plus performance management system
is the better alternative:Research identified two areas as among the most significant - the number of
finance or ERP systems and adherence to data and technology standards, including the use of standard hardware and peripheral
software tools for finance and usage of common data definitions.Research shows that individually, reducing complexity
in these two areas had little impact on cost. In fact, companies which had not moved to a single common ERP system
saw cost of finance rise slightly as they implemented standards. But when companies focused on both together, they saw
significant cost reductions.Any insights from other users here? http://www.zoundry.com -->
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