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Winning in Omnichannel begins with a 360 View of your Customer

The value of customer data has never been more valuable given the morphing of retail into an omnichannel world. In this age of the customer, the holy grail is capturing a 360 view of your customer both online and offline.

Just look at the recent Amazon and Whole Foods deal. According to WSJ, the big prize in this deal lies in the data. By bringing together online and offline data, Amazon can entice customers to make more impulse purchases online. Coordinating all the online and offline data points into a single person’s profile is the ultimate quest for any customer-centric brand. Google’s recent announcement to bridge the “online ad–offline purchase” gap to track credit and debit card transactions and link them to online consumer behavior is another leap forward in this area. Read more

Why I joined Magnitude Software

Having spent more than two decades at the leading edge of the data management sector entrenched in its evolution and leading businesses across big data, data management and connectivity, I’m an ‘industry veteran’ in corporate speak. So at this defining point in my career, there are many boxes to tick in choosing my next move. After careful deliberation, I’m thrilled to announce that I’ve joined Magnitude Software as General Manager for its Connectivity business. Read more

Guide to Accelerating your SAP Central Finance Implementation

The value of using pre-built integrations for non-SAP data sources was the focus of a previous post on Third Party Integration for SAP Central Finance. Here is a follow-up, providing an overview of the main components of the Magnitude SourceConnect for SAP solution set, which provides solutions to both physical and logical data integration into SAP Central Finance: Read more

EBS Migration Digest

Whether you’re looking to take advantage of new functionality, support compliance requirements or improve performance and reliability, the decision to migrate or upgrade to Oracle EBS on-premises or on Oracle Cloud isn’t one you’ll take lightly. The results can be rewarding, though the process daunting. To help you prepare for such a project, Magnitude gathered some lessons learned from those in the industry who already travelled this path. Read more

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Developments to watch: Blockchain for the enterprise

While blockchain is renowned as the underlying foundation for the crypto-currency Bitcoin, interest is bubbling up for blockchain across industries as entrepreneurs experiment with new use cases. Beyond financial services, healthcare IT sees promise, as does the Office of Finance for its record keeping and auditing needs. Beyond the benefits of blockchain is a reality to be faced by organizations: it’s another technology to manage in already fragmented enterprise environments. Read more

Third party integration SAP central finance

Third Party Integration for SAP Central Finance

The allure of SAP Central Finance for Finance organizations to completely reimagine business processes for the digital age is compelling. SAP rightly claims some significant benefits from Central Finance and the impact of pulling together all financial information as a single source of truth is strategic and powerful.

In moving forward with your Central Finance implementation, you will quickly discover that SAP does not provide source system connectors for non-SAP data so the question of how to integrate ‘external’ source data quickly becomes a hot topic. Any company considering Central Finance has certainly done many system integration projects before, and at first glance it may seem natural to tackle this project as a typical in-house (or system integrator-led) custom development effort, but with a little consideration, you will see that is it not so simple, and that in fact, custom development is fraught with risk. Read more

The Strategic CFO Is a Reality

The data-driven business world demands near-real-time insights and action. In an earlier post, I discussed how the role of the CFO is expanding to encompass “data arbiter.” Today, some CFOs are not only responsible for managing and forecasting based on financial data, but on operational data as well. These CFOs are critical support, a veritable lighthouse of data and strategic insights for CEOs, COOs, CROs and Boards of Directors. Read more

Strengthening the C-Suite by Transforming the CFO Role

A CRO’s Perspective

The Office of the CFO is undergoing transformation, with data as the catalyst. A recent survey by Intacct indicates CFOs now spend less than 30% of their time closing the books. They’re spending more time getting their arms around company data … beyond financials. This includes CRM, ERP, R&D and other critical data, which are essential to managing corporate performance. Read more

CTO perspective: Is your business equipped for the API economy?

As a CTO, I find it it fascinating to watch the explosive growth of the API economy. APIs have become the fuel that’s enabling companies to create and launch new business models at unprecedented speeds. According to programmableweb.com, there are more than 16,000 APIs. HBR cites that Salesforce.com generates 50% of its revenue through APIs, Expedia.com generates 90%, and eBay, 60%. Read more

Excel4Apps Honors Magnitude with Top Partner Award

Operational reporting for Oracle EBS doesn’t have to be all-consuming. In fact, it can be rather straightforward – even to retrieve real-time data in Excel, still one of the most popular tools for those looking to visualize key operational data and metrics. The Excel4Apps/Magnitude partnership is all about making that happen effectively, efficiently and in a self-serve manner. With that in mind, and on behalf of the entire Magnitude team, I thank Excel4Apps for recognizing us again this year as a top partner. Receiving a Top Partner Award for a second straight year attests to how well-received our combined product offering is in the marketplace Read more