Whew – it’s over! Yearly financial planning, that is. And many corporate finance teams are breathing a collective sigh of relief. You can put those challenges of pushing and pulling budget data from your ERP system behind you, at least for another few months or so, right? Budgeting is out of sight, out of mind ― for now.
“Business has continued to be more interested in thinking, in general, than any other sector of society. The explanation for this is because there is a reality test. There is a bottom line. There are sales figures and profit figures. There are results.”
– Edward de Bono; Maltese physician, psychologist, author and consultant
With business finances, the devil is in the tiniest of details, yet The Halifax Herald Ltd. (The Herald) had struggled with reporting detailed business data from its Oracle E-Business Suite since installing the ERP system in 1999. The independently-owned publisher of The Chronicle Herald