Earlier this month, Magnitude and TruQua hosted ‘The Central Finance Exchange’, where SAP Central Finance customers convened to share their perspectives and best practices. The attendees participated in a pre-workshop survey which highlighted valuable insights on a fundamental discussion theme: the need to deal with data from third party non-SAP sources. Read more
To compete in the age of omnichannel commerce, marketers need to exploit new channels: whether its Amazon, other distribution partners or direct-to-consumer. This requires that marketers have a handle on product information and its management (PIM) as the foundationfor meeting customers wherever they are.
Our Richard Hunt shares his perspective for how marketers can accomplish this in MarTech Advisor’s guest column. Read more
Sometimes I have to remind myself that we’re just a toddler with a strong family history … Fresh from a quarterly board meeting, after closing out a great quarter ahead of plan, it felt like a good time reflect on where we’ve come.
Four years ago, we formally announced the formation of Magnitude Software. We had an ambitious goal: disrupt the status quo in the information management space. While we had some strong provenance from our founding entities, we were still an infant, with no name recognition and no following. But we had the backing of a strong financial sponsor, a strong team and even bigger ambitions. The last four years have flown by and I thought it would be a good time to reflect on where we have come and what we’ve accomplished … Read more
The unfolding drama of the Facebook and Cambridge Analytica debacle is further fueling the impending landmark GDPR regulations, but what are most companies doing?
Like other software companies that serve hundreds of Fortune 500 companies, we’re seeing a rapid increase in vendor request forms to attest to our GDPR practices. We’re also engaged in ongoing and frequent dialogue with compliance professionals, business process owners and technology teams on the implications. Read more
At Collaborate18, in Las Vegas, April 22-28, Magnitude will be giving a ‘sneak peek’ of the next generation of business analytics for Oracle ERPs and beyond.
Magnitude’s approach to Unified Business Analytics builds on and extends the rich legacy of NoetixViews, NoetixAnalytics as well as RapidDecision in delivering packaged business analytics for Oracle ERPs to accomplish 3 main goals. Read more
Magnitude puts a lot of emphasis on ensuring customers get the most out of our software. Of course, it’s a major focus during the initial deployment, but equally important, if not more so, is an ongoing checkpoint of whether our customers are hitting the targets they have defined for themselves. Read more
From Gartner’s ‘Create Powerful Customer Experiences With a 360-Degree View of Your Products ,’ data and analytics leaders will unlock greater business value through their programs by connecting master data to product data assets in support of customer-centric experiences. Read more
The first post in this series discussed the 5 types of data integration required to fully enable SAP Central Finance. This post considers the different sources that must be integrated.
Having established the 5 key integration requirements, let us now go a little deeper and consider the many source systems that may need to be integrated, and how they can be handled. First though, it is worth noting that most companies have a LOT of source systems. Part of the value of introducing Central Finance in the first place, is that financial systems are gathered over time, through acquisitions and reorganizations and they tend to be very ‘sticky’, meaning they are difficult to remove without a lot of concerted effort. So companies end up with many systems that comprise of many different versions and instances – and a deep need for Central Finance! Read more
These days, one of the top challenges of corporate finance is to provide a simple and complete view of corporate financial information. Typically, this involves pulling information from multiple systems and finding some way to integrate it – typically intensive, manual, error-prone work that often falls short of the objective of the ‘simple, complete’ objective. Fortunately, SAP has introduced SAP S/4HANA Central Finance to solve this problem! The core value proposition of SAP Central Finance is that it can pull together data from multiple financial systems and present it in a single, unified system for maximum visibility and control – a worthy and most valuable objective, to be sure!