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Integrating Operations and Finance: A Two-Way Street
An Oracle White Paper
One of the hot buttons in enterprise performance management (EPM) is operational and financial integration. In many organizations, operational plans and financial results are not aligned very well, and in most cases, both have their own set of performance indicators. From a top-down perspective, the reasons for better alignment of operational plans and financial results are clear.
• Alignment provides senior management with increased insight and control
• Alignment gives financial managers higher predictability of financial results
• Increased insight, control, and predictability allow the organization to be transparent and to comply with regulations with confidence
However, the opposite business case—sharing financial information with operational
managers—is less often explored because too often financial data is held “close to the vest.” This is unfortunate because financial information holds interesting operational insights that can be crucial for operational managers.
Operational and finance integration should not be a one-way street for financial and general managers that’s used only for external reporting and executive decision making. Integration should be a two-way street allowing financial information to go both ways.
Integrating Operations and Finance: A Two-Way Street
An Oracle White Paper
One of the hot buttons in enterprise performance management (EPM) is operational and financial integration. In many organizations, operational plans and financial results are not aligned very well, and in most cases, both have their own set of performance indicators. From a top-down perspective, the reasons for better alignment of operational plans and financial results are clear.
• Alignment provides senior management with increased insight and control
• Alignment gives financial managers higher predictability of financial results
• Increased insight, control, and predictability allow the organization to be transparent and to comply with regulations with confidence
However, the opposite business case—sharing financial information with operational
managers—is less often explored because too often financial data is held “close to the vest.” This is unfortunate because financial information holds interesting operational insights that can be crucial for operational managers.
Operational and finance integration should not be a one-way street for financial and general managers that’s used only for external reporting and executive decision making. Integration should be a two-way street allowing financial information to go both ways.
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