Planning & budgeting: what users want. (Business Briefs).Access and integration capabilities, not surprisingly, scored highest among users of financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and budgeting systems when they were asked what criteria they use to select those systems. The data, culled over the past year by Comshare Inc. in polling its customers, show that the top five criteria are: * 64% -- Providing easy access to budget data for all accountable managers * 61% -- Integrating the budgeting system with the planning and forecasting system * 60% -- Using a central database for integration of actuals Actuals 1. A term used to describe the underlying in future and forward contracts, dealing with commodities rather than financial instruments. 2. A term used to describe a securities historical volatitity. Notes: 1. for budget/forecast comparisons * 57% -- Integrating the budget system with the general ledgers General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. * 55% -- Quick turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. for budget consolidation In addition, the data found that Oracle Corp. is still king when it comes to database installation, with 45 percent, well ahead of Microsoft (Microsoft Corporation, Redmond, WA, www.microsoft.com) The most successful and influential software company. Microsoft's software and Intel's hardware pioneered the PC and revolutionized the computer industry. (31 percent). The market share is much more diverse in the ERP/transaction systems area, with Oracle Financials and PeopleSoft tied at 13 percent each. |
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