Gartner Research

Organizations Must Leverage Mobile Business Applications for Finance

Published: 19 June 2014

ID: G00263991

Analyst(s): John Van Decker

Summary

Financial management applications are evolving to take advantage of mobile capabilities for analytics and process management. IT and financial application strategists need to determine when these applications are robust enough to adopt and when they must develop mobile strategies.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • CPM strategists are struggling with the potential of mobility, including analytics, workflow/approvals and data entry
    • Collaboration Platforms for Plan Development, Monthly Close and Results Commentary
    • Management Planning Process Workflows
    • Consolidation Process Workflows
    • Access to Benchmarks and External Data
    • Scenario Planning Generation
    • Performing Data Entry for Planning
  • TEM applications are integrating mobile device applications' functions to provide finance managers with more process improvements and efficiencies than Web-based applications alone
  • Integrated financial management/value chain applications provide mobile capabilities for analytics and workflow/approvals that IT and finance professionals need a strategy to leverage

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