Smart Decision-Making in the New Era of Financial Challenges

Oracle discusses how organisations can apply the principles of Monte Carlo modeling to Enterprise Performance Management and Business Intelligence applications.

Key points include:

• The Road Ahead: Decision-Making in Times of Turmoil and Opportunity
• The Perils of The Past: Basing Financial Decisions on “Best Story Wins”
• How the Monte Carlo Method Drives Productive Risk-taking
• “People Are Systematically Overconfident in Almost Everything They Do.”
• The Value of Simulations: Predicting Worst-case Scenarios and Mitigating Outcomes

Enterprise Performance Management - The CFO's View

CFO Innovation Insight Survey: Asia and Enterprise Performance Management - The CFO's View

In an ideal world, a robust enterprise performance management system should be enabled by business application software, with fully integrated components that is accessible to everyone in the organisation and gathers and reports data in real time or near real time.

However, CFO Innovation's recent survey of Asia’s finance directors, controllers and other senior executives, sponsored by Oracle, reveal otherwise.

Key Findings:

• Strong confidence in enterprise performance management
• Actual practice falls short of the ideal
• The quality of EPM in Asia is judged to be generally ‘adequate’
• Business intelligence and strategy setting are the weakest areas
• Focus on financial management: Failure to manage uncertainty
• Focus on business intelligence: Ambivalence about gut feel

This free report will help you benchmark your company’s EPM practices and spark ideas about how to enhance productivity, efficiency and competitiveness in the post-recession business environment.

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