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In Part 1 of this 6-part blog series we discussed embracing theconsumerization of IT and in Part 2 we found out that software in the cloud is a great option for some businesses. In Part 3 we learned that “Big Data” is a big problem.

This week, in Part 4 we will discover a fourth budget boosting theme – around the importance of budgeting for technology and taking th

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e reins when it comes to making decisions.

Plan, Plan, Plan

It is critically important to have a clear picture of your requirements, your goals, your budget and a timeline. This is the only way to ensure the success of any IT project. Vague goals and a poor outline only lead to a poor solution, or at best, one that will only work temporarily. You must prioritize what needs to be accomplished and when, as well as clearly defining your current needs and budget.

Technology and tech vendors can only do so much for a company that lacks a plan and a team to support new initiatives. To help small to mid-sized Energy Services companies safely get from concept to planning, we encourage our clients to consider SAP BusinessObjects Edge Planning and Consolidation (SAP BPC). It provides ready access to business data you can trust. The application helps create efficiency across planning, execution, reporting, and monitoring activities – so you can focus less on the technology and more on your current projects in the field.

SAP BPC overcomes the limits of manual planning and forecasting with rapid insights to your business. It streamlines and automates strategic planning and budgeting with both a top-down and bottom-up approach. This simplifies forecasting and leveraging of historical operations and financial data. In the end, planning, budgeting, forecasting, and reporting are streamlined into efficient, collaborative, dependable processes.

The Business V

Post by Nicole Baron
September 9, 2011