Introduction: The WFA (Work from Anywhere) dynamic has challenged the traditional mission of HCM professionals. With these changes come new and unique ways that HCM and HRMS providers should be engaged and negotiated with. As you read through our top 10 providers, some strategic imperatives to keep in mind: Innovation: Shifts to WFA models require rapid, nimble, innovation focused providers. Keep this in mind when researching your renewal and or new agreements. Ensure the agreement’s terms and conditions meet YOUR expectations and projected business requirements – not the providers sales and margin goals. Return of the niche providers: HCM ...
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Clients often ask how we can stay on top of the market due to its constantly changing nature, and our answer is simple. We are constantly researching and analyzing the market in real-time, availing ourselves of a variety of resources. First among those is our own FMI (Federated Market Intelligence) gathered from thousands of executed deals since 2002. It’s a luxury to have that kind of data to inform Client strategy and optimization. However, we do also frequently vet our own understanding of the market by using a variety of resources, including the major Technology Review Platforms. If you can imagine, there are literally hundreds of ...
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Veeva Systems by their own declaration is experiencing spectacular growth. In their latest earning call for Q3 2021 (from December 2020), they confirmed total revenue was up 34% year over year! The global pandemic certainly contributed to this growth by their own admission, but they have taken steps to ensure this streak continues. In our experience and analysis with Veeva, we see three main points to consider when starting or renewing agreements, because understanding their place in the market and the way they sell are just as important as their functionality. Below we outline these three areas and offer approaches to help ensure you get ...
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While recent articles proclaim Oracle is ‘Turning into a Cloud Giant’ and why their stock is should be considered a ‘buy’ (Barron’s, Feb 19th, 2021) – we say, “really?” While NET(net) does not pretend to be in the stock price benchmarking business, we can say based on experience that if Oracle is indeed becoming a ‘Cloud Giant’, then it’s probably bad for their customers. Historically, Oracle has grown new lines of business by pressuring customers into purchases they really don’t want or quite yet need but are left with few choices lest they become another audit victim. Consistent with that strategy, Oracle has thrown up some daunting ...
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Cloud spend is anticipated to continue its massive growth trajectory for the foreseeable future. However, the spend does not have to match that same growth curve! To help our Clients maintain sound Cloud Optimization programs, we've assembled a series of articles and tips called: 12 for '21 Cloud Optimization Series (note: request a download of all 21 here). Today we review the third installment in the series: Demand Management. It is critical that workloads and their consumption profile match with the appropriate cloud infrastructure. Most of the cloud waste originates from a lack of consistent, dynamic governance. With few clicks, any ...
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While researching for this article on Treasury Management Systems (TMS) and with the 2020 tax season around the corner, I was wondering where the word “treasury” came from. It derives from the French word “tresorie” and it was first used in a business context by the The Bank of Scotland in 1658. In a more recent setting, it reminded me of former con man, check forger and imposter, Frank Abignale, who was memorialized by Leonardo DiCaprio and chased by Tom Hanks as an FBI agent in the movie Catch Me If You Can. A Houston Police Chief once said about him: "Frank Abagnale could write a check on toilet paper, drawn on the Confederate States ...
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Working with our Clients during a time of heightened need has given us a unique perspective on the market with an ability to see the Industry in real time and in practical terms. Being ahead of the market has its advantages in that we can see the ‘up and comers’ emerging; those technology suppliers who are showing up in more Client accounts offering high value solutions with real world application and practical use cases. In our first ever post of its kind, here is our list of the Top 10 Technology Suppliers to Watch in 2021: One: Veeva Category: Life Sciences Data Management Location: Pleasanton, CA By: Steve Zolman Veeva Systems is the ...
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Table of Contents: Introduction Background Market Summary Current Market Conditions Use Case Competitive Market Government Regulation Bloomberg News Fossil AI's Role in Trading Bloomberg in Disruption Loss of Customer Trust Failure to Innovate Instant Bloomberg Arrogance Help Intro – Here’s How You Can Save 30-93% on your Bloomberg Costs The name Bloomberg conjures up images of the Night King himself, but also of the market dominance in the Financial Services industry, of its flagship product, the Bloomberg Terminal. Just whispering the Bloomberg name also sends shivers up the spines of their customers when they think about the exceedingly ...
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Cloud spend is anticipated to continue its massive growth trajectory for the foreseeable future. However, the spend does not have to match that same growth curve! To help our Clients maintain sound Cloud Optimization programs, we've assembled a series of articles and tips called: 12 for '21 Cloud Optimization Series (note: request a download of all 21 here). Today we review the second installment in the series: Consolidation. Consolidating under-utilized and over-utilized instances out of your fleet can be a quick start on the path of cost savings. By leveraging native analytics, you can generate recommendations toward consolidation (e.g. ...
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Cloud is an integral part of almost every company's strategic technology portfolio. As legacy migrations continue and cloud spend increases across every industry, its never been more critical to understand both your specific cloud investments, and the suppliers (AWS) that drive them. Only those that fully understand these market dynamics will enjoy the competitive advantage that comes with informed insight. Conversely, those who fail to comprehend their waste, overspend and the market dynamics behind it, are doomed to escalating spend, blown budgets, and lagging transformation efforts. Below we give you that market insight, updates on AWS as ...
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