Onvia’s 3 Trends Shaping State & Local Contracting Growth in 2015 reflects on important trends that are expected to shape government contracting this year.
Highlights from the report:
Onvia’s 3 Trends Shaping State & Local Contracting Growth in 2015 reflects on important trends that will shape government contracting over the coming year.
Highlights from the report:
• 2014 Review: A “slowing trend” in competitive opportunities, due to macro political-economic factors, with context for expected changes in 2015.
• 2015 Trend 1: Potential for stronger growth driven by an expected rebound in government tax revenue and greater bond income for large debt-financed infrastructure projects.
• 2015 Trend 2: Technology contracting volume gains traction in non-IT industry sectors, with insight into five niche technologies shaping 2015 procurement.
• 2015 Trend 3: Cooperative purchasing influences the overall state and local agency market, with implications for both local and national competitors.
Financial Executives Research Foundation (FERF) recently interviewed more than 20 experts to explore the best practices they are adopting to support business models and C-suite collaboration. What they found were serious changes in five key functions of the modern finance organization.
Businesses today expect finance to play an extended role across departments, including IT, human resources, compliance, operations, sales, marketing, and most importantly, corporate strategy.To successfully deliver on this role, the finance function needs to play a bigger and visible role in real-time decision making and continuous planning. This report explores how, using cloud and analytics, finance leaders can leapfrog a few generations of technology and offer mature analytical feature/functionality and skills to the entire organization.
Our latest study, Agile Finance Revealed, looks to identify the traits of agile finance leaders and benchmark their success in creating a dynamic new operating model that is resilient, responsive, and predictive – enabling finance to lead digital transformation – not just react to it. At Oracle, we believe that digital transformation brings companies into the future, and it enables them to be more competitive.
Migrating finance and HR systems to the cloud improves collaboration and saves more than expected. A recent global survey conducted by MIT Technology Review Custom—in partnership with Oracle—explores the motivations, benefits, and rewards that result from deploying finance and HR systems in the cloud.
This Webcast explores what the next generation of Finance function looks like.
Watch this webcast now to find out:
How companies are monitoring and measuring intangibles within their business.
How the CFO role is evolving in this increasingly digital economy that we are all living.
The need for closer collaboration between finance and HR has never been more important. Finance has become the co-pilot to the business, providing the forward-looking guidance management needs to capitalize on the next market opportunity. HR plays an essential role in ensuring that the business has the talent it needs to execute on digital strategies, and create a change-ready culture. Oracle commissioned new research by MIT Technology Review Custom, called Finance and HR: the Cloud’s New Power Partnership, to understand how closer collaboration between Finance and HR could support digital transformation and unlock new benefits.
The financial system you are running today can probably
trace its heritage back to the ‘80s and ‘90s. Since
then, the needs of finance organisations have changed
dramatically, but financial systems have failed to adapt at
the core. Built to serve only the most basic requirements,
these systems weren’t designed to meet the needs of
today’s finance organisation. With CFOs today facing
requirements very different from those they faced just a
decade ago, Workday believes that finance organisations
need applications built from the ground up based on
today’s needs – not yesterday’s. They need modern
Workday Financials is the only financial management
solution designed in the past ten years that incorporates
the latest technologies, functionality, and design ethics
at the core to address what modern finance
We discuss six key capabilities that separate Workday
Financial Management from old-world business apps.
The Staatsbetrieb Sächsische Informatik Dienste (SID) is the German Federal State of Saxony’s central IT service provider. SID supports the state administration with cutting-edge information technology and provides expert advice to its customers on all IT matters. Its brief includes the development, introduction, operation and maintenance of IT processes, planning, operation and administration of the IT infrastructure, and central IT procurement.
SID had been operating Oracle Databases at its datacenters for many years, running on IA64 hardware. However, this older technology had to be replaced for technical and financial reasons, while SID wanted to leverage the project to re-engineer its Oracle Database infrastructure. The project was initially financed and realized for migrating the IT system FÖMISAX (Landeseinheitliche Fördermitteldatenbank des Freistaates Sachsen), the State of Saxony’s subsidies database.
The very best CFOs are becoming “technology evangelists”, investing in the latest mobile, social, analytical and cloud technologies to modernize their finance organizations and become more strategic partners to the business. Find out more – download the report, “Empowering Modern Finance: The CFO as Technology Evangelist.”
AI, machine learning and predictive analytics are already driving big performance gains for CFOs and their teams. The ability for cognitive tools to learn at speed helps Finance progressively improve company intelligence and efficiency, including proactive identification of late- and non-paying customers. Get up to speed on the potential of cognitive, with Finance thought-leaders from Oracle and AICPA (American Institute of Certified Public Accountants).
Did you know that organizations with advanced finance teams are more likely to have a compelling digital customer experience? The driver behind this trend? A digital, customer-first way of working with greater investment in talent, innovation, and advanced technologies such as artificial intelligence (AI) and machine learning (ML).
While finance has long taken advantage of technology to help drive productivity and collaboration, the goalposts have recently moved. Today’s organizations must adopt an agile finance operating model— powered by emerging digital technologies and skillsets—to better support the demands of an economy driven by continuous innovation.
At many organisations, planning and budgeting take too long and devour resources. Finance teams spend too much time on administrative tasks relating to these processes—collecting, consolidating and reconciling data, for example—and are left with little time for analysis, strategy development and target setting. Accuracycan be patchy, results unreliable.
Bringing finance closer to the rest of the business is an enticing prospect. But enabling accountants to serve as advocates for other departments is much more than just a relocation task. This latest NetSuite guide helps finance leaders in a growing business discuss business partnering: the whys and the hows.
CFO’s need clear vision and technology to help them juggle new balls in the finance ecosystem: regulatory changes, artificial intelligence and blockchain. Finance must add these balls to its mix while still juggling its “traditional” responsibilities of internal controls, compliance and closing the books quickly.
Download this whitepaper to find out more about how CFO’s can master this jugging act
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