ENTERPRISE PERFORMANCE MANAGEMENT SYSTEMS
GLOBAL FINANCIAL REPORTING EVENT
Monday 30 March 2020
Monday 30 March 2020
Financial Planning and Analysis
Financial Planning and Analysis
08:00 - 08:30 Registration
08:30 - 16:30 Presentations
- Adaptive Insights
Adaptive Insights, a Workday company, formerly Adaptive Planning, Incorporated, is a software-as-a-service company headquartered in Palo Alto, California and founded in 2003.
The company's acquisition by Workday Incorporated was completed in August 2018.
Adaptive Insights covers the planning, consolidation, analytics and reporting functions with its Business Planning Cloud.
The company offers Adaptive Insights for Finance, Adaptive Insights for Sales, and Adaptive Insights for Workforce Planning as well as the capability to flexibly model virtually any kind of functional use, such as project, capacity and operational planning.
The application is built on an in-memory database, has an in-browser user interface similar to that of a spreadsheet, and the
drag-and-drop characteristics of a web-based consumer application.
Adaptive Insights automates consolidations and integration of data from other systems and enables collaboration and real-time updates via its on-demand SaaS model.
In 2009, Adaptive Insights partnered with NetSuite Incorporated and currently is a member of the SuiteCloud Developer Network.
The company also integrates with other cloud ERP solutions from Sage Intacct, Microsoft, and others.
Adaptive Insights has partners in Australia, Canada, Europe, India, Japan, New Zealand, the UK and the United States.
In 2003, Robert S. Hull and Richard L. Dellinger co-founded Adaptive Planning to market enterprise budgeting, forecasting, and reporting software as an alternative to spreadsheet-based planning or larger, on-premises software.
Adaptive Planning was an early user of the software-as-a-service (SaaS) model for business intelligence and corporate performance management.
The company was funded in late 2003 and incorporated in Delaware as Visus Technology and then renamed to Adaptive Planning.
In September 2012 the company acquired the Louisville, Colorado based company myDIALS for an undisclosed amount.
By October 2013 Adaptive Planning held a fourth round of funding, raising $45 million and added salesforce.com as a backer.
In February 2014, Adaptive Planning was renamed Adaptive Insights and released a new version of the software with an updated user interface.
In January 2015, the company appointed Citrix Chairman Tom Bogan as CEO.
In June 2015 the company reported another investment round of $75 million with several investors, including Norwest Venture Partners, ONSET Ventures, Bessemer Venture Partners, Cardinal Venture Capital, Information Venture Partners, and others.
In June 2016, Adaptive Insights appeared in the leaders quadrant of a Gartner Strategic CPM report and marked the first time a cloud-only vendor was in the leaders section of the Strategic CPM Magic Quadrant.
In 2017, Gartner included only cloud companies in its 2017 Magic Quadrant for Cloud Strategic Corporate Performance Management Solutions report.
Adaptive Insights was placed highest in the leaders quadrant for ability to execute.
In December 2017, the company surpassed $100 million in annualised revenue, an accomplishment that fewer than 1% of software companies achieve.
In April 2018, the company announced it added 500 net new customers in fiscal 2018 and currently has more than 3,700 customers worldwide.
In June 2018, Workday agreed to acquire Adaptive Insights for approximately $1.55 billion.
In August 2018, Workday completed the acquisition of Adaptive Insights, announcing that the company would operate as
Adaptive Insights, a Workday company.
Anaplan is an American cloud-based planning software company headquartered in San Francisco, California, with operations in over 13 countries, 175 partners, and more than 950 customers worldwide.
Anaplan sells subscriptions for cloud-based business-planning software and provides data for decision-making purposes in areas ranging from finance to human resources.
Anaplan's product is a cloud computing, multi-tenant data architecture SaaS platform with a patented, in-memory calculation engine
Anaplan's Hyperblock architecture is a hybrid of relational, vertical, and OLAP databases with an in-memory data store multi-threaded calculation engine. The Hyperblock automatically records updates at a granular level by amending only the affected cells. As volumes scale, users can instantaneously update or change models.
A patent application for the technology was filed on November 19, 2009, and US Patent 8151056B2 was awarded on April 3, 2012.
In November 2014 Anaplan announced the launch of the Anaplan App Hub, a community for Anaplan users to build, share, and deploy planning apps.
In 2006, Anaplan was founded by Guy Haddleton, Sue Haddleton, and Michael Gould in Yorkshire, England.
By the end of 2010, Anaplan had started to gain market traction.
In 2012 Anaplan brought on Frederic Laluyaux as CEO, attracted new funding, and expanded. Laluyaux left the company in April 2016.
The company closed a Series B funding in January 2012 with a $11.4M investment coming from Granite Ventures and Shasta Ventures as the lead of investors of this round.
In February 2013 Anaplan acquired its reseller Vue Analytics in the UK for an undisclosed amount, with the goal to strengthen its market position in Europe, Middle East and Africa.
Anaplan closed its Series C funding in March 2013 with a $33M investment from Meritech, Shasta Ventures, Granite Ventures, Salesforce.com, and additional private investors.
Anaplan announced at its Hub 2014 conference in San Francisco that it had completed a Series D round of $100 million in financing, bringing total investment in the company to $150 million.
Lead investor of this round was DFJ Growth.
In 2015, Anaplan scaled up its cloud platform and updated the user interface.
In 2016, the company updated its App Hub, added platform enhancements, and improved tools for app-builders.
Another round of funding was announced in January 2016, amounting to $90 million, along with confirmation of Anaplan's status as a tech "unicorn," with a valuation of over $1 billion.
Lead investor of this Series E investment was PremjiInvest.
In January 2017 Anaplan appointed Frank A. Calderoni to be CEO. Calderoni took the company public in 2018 with Goldman Sachs
and Morgan Stanley as the lead underwriter.
On October 12, 2018, Anaplan listed with NYSE for public trading under the ticker symbol PLAN.
Anaplan’s value on its first day was over 40 percent above the IPO price.
- BOARD International
BOARD International S.A. is a Business Intelligence (BI) and Corporate Performance Management (CPM) software vendor known for its BOARD toolkit.
The company is headquartered in Chiasso, Switzerland, where it was founded in 1994, and Boston (MA).
While its core markets are still located in Europe, BOARD International has been expanding globally and now operates in 15 countries worldwide.
It has a total of over 2,500 customers from a number of different industries, including large international corporations such as ABB, Best Western, GlaxoSmithKline, NEC, and Puma.
BOARD International offers only one product, the BOARD toolkit.
It combines various BI and CPM functionalities within a single graphical software environment.
BOARD's BI capabilities include multi-dimensional analysis, ad-hoc querying, dash-boarding and reporting, while its CPM capabilities include budgeting, planning and forecasting as well as "other finance-related activities".
Like Business Intelligence software in general, BOARD is used in an effort to improve productivity and decision making while lowering costs.
It does not require any programming skills to build BI and CPM applications.
As of version 7, the BOARD toolkit features a service-oriented architecture that relies heavily on Microsoft technology, especially the
.NET Framework with its Windows Communication Foundation.
This allows for a tight integration with other Microsoft products, such as Microsoft Office, but requires Windows in order to run the full client, a limitation which has been identified by Gartner as a possible factor for preventing a deeper market penetration.
In 2012, the company introduced an update of its proprietary multi-dimensional database that BOARD is based on.
This new technology was labelled as HBMP (Hybrid Bitwise Memory Pattern).
It introduced a new compression method and combines disk-based and in-memory database approaches.
It supports both relational and multi-dimensional data models.
Its direct competitor is SAP with Analytics for Cloud.
According to The BI Survey 12, a worldwide BI and CPM user survey, the most widely used application areas of BOARD are reporting, ad-hoc querying, dashboarding, budgeting & planning, OLAP analysis, visual analysis & data discovery, predictive analysis & data mining and financial consolidation (in descending order of use frequency)
In terms of technology, the introduction of the .NET-based BOARD 7 earned the company a Microsoft. NET Swiss Innovation Award in 2010.
BOARD was rated as one of only two vendors "offering a modern analytics and BI platform with integrated financial planning and reporting functionality", which works on premises as well as in the cloud.
Its direct competitor is SAP with Analytics for Cloud.
Among the cautions noticed by the BOARD reference customers, there were the lowest data volumes sourced by MOLAP or ROLAP datasets, without use cases of clients performing complex analyzes on different types of data sources.
Apart from its Swiss headquarters, BOARD International has a total of 17 offices spread across five continents and 15 countries.
The company has recently been expanding, opening three new offices in 2011 (China, Japan and Mexico), but still has a higher presence in Europe than it does elsewhere.
- CCH Tagetik
Tagetik develops and sells cloud and on-premises corporate performance management software applications for use by corporate finance teams and their business users.
Tagetik has headquarters in Lucca, Italy and Stamford, Connecticut.
In July 2014, the company announced $36 million in outside funding.
In June 2015, the company acquired iNovasion, a Netherlands-based company, and opened its Benelux direct operation.
In February 2016, Tagetik established Tagetik GmbH, a direct operation for the German, Austrian, and Swiss markets.
In September 2016, the company opened a new office in Brussels.
In December 2016, Tagetik established Tagetik Nordic AB, a direct operation for the Swedish, Norwegian, Finnish, Danish, and Icelandic markets, and opened a new office in Stockholm.
On 6 April 2017 Tagetik was acquired by Wolters Kluwer.
The company’s software monitors and manages financial performance and processes, such as budgeting, consolidation, planning and forecasting, disclosure management, and reporting.
The software uses Microsoft Office, using Microsoft Excel, Word and PowerPoint for input and report templates.
The software also has connectors to Microsoft Power BI, SharePoint, SQL Server, Dynamics AX and NAV and runs on Microsoft Azure.
Tagetik runs on Microsoft SQL Server, PostgreSQL, Oracle or SAP HANA databases.
The company also has developed a connector to the Qlik Analytics Platform and to SAP to automate extracting and mapping data and metadata from SAP ECC FI, and BW tables.
Customers and Partners
As of June 2015, Tagetik had approximately 750 corporate customers around the world.
Representative customers include: Fiat Chrysler, Henkel, Webster Bank, Randstad, Carillion, and John Hancock-Manulife.
Major consulting partners include Accenture, Alper & Schetter Consulting GmbH, Deloitte, Ernst & Young, KPMG, and PwC.
Among Tagetik’s technology partners are Amazon Web Services, Microsoft, NetSuite, Qlik, and SAP
- Host Analytics
Host Analytics is a cloud-based, enterprise performance management platform for planning, consolidation, reporting, and analytics.
Host Analytics was founded in 2001 by Jim Eberlin and is headquartered in Redwood City, California.
In 2012, the company appointed Dave Kellogg as CEO.
In November 2014, the company raised a Series E round of $25 million in financing, bringing total investment in the company to $92 million.
In December 2018, the private equity firm Vector Capital agreed to acquire Host Analytics for an undisclosed sum.
Host Analytics is a cloud-based enterprise performance management software platform for the office of Finance and beyond.
The products in its platform include Planning, MyPlan, Modeling, Consolidation, Reporting, Dashboards, and Data Integration.
In 2018, Host Analytics launched Host Analytics Solution Exchange, a place for Host customers, partners, and expert staff to post, share, and download business solutions.
In 2018, Host Analytics was named a Leader in the Gartner Financial Planning & Analysis and Financial Consolidation & Close Magic Quadrants for the second year in a row.
Host Analytics Perform is Host Analytics’ largest annual event and gathering of customers, prospective customers, partners, industry experts, and employees.
In 2017, the event was held in Nashville, Tennessee, with Daymond John, Shark Tank investor as the keynote speaker.
Sponsors of Perform include AFP, Bakerfield Solutions, Blue Line, CFO Solutions, WG Consulting, Workiva, and UHY Advisors.
In 2018, the event was held in Dallas, Texas, with Bert Jacobs, CEO of Life Is Good as the keynote speaker.
Host Analytics has been supported by several rounds of funding and investors, including:
Advanced Technology Ventures
The International Business Machines Corporation (IBM) is an American multinational information technology company headquartered in Armonk, New York, with operations in over 170 countries.
The company began in 1911, founded in Endicott, New York, as the Computing-Tabulating-Recording Company (CTR) and was renamed "International Business Machines" in 1924.
IBM was incorporated in New York.
IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology.
IBM is also a major research organization, holding the record for most U.S. patents generated by a business (as of 2020) for 27 consecutive years.
Inventions by IBM include the automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, and dynamic random-access memory (DRAM).
The IBM mainframe, exemplified by the System/360, was the dominant computing platform during the 1960s and 1970s.
IBM has continually shifted business operations by focusing on higher-value, more profitable markets.
This includes spinning off printer manufacturer Lexmark in 1991 and the sale of personal computer (ThinkPad/ThinkCentre) and
x86-based server businesses to Lenovo (in 2005 and 2014, respectively), and acquiring companies such as PwC Consulting (2002),
SPSS (2009), The Weather Company (2016), and Red Hat (2019).
Also in 2015, IBM announced that it would go "fabless", continuing to design semiconductors, but offloading manufacturing to GlobalFoundries.
Nicknamed Big Blue, IBM is one of 30 companies included in the Dow Jones Industrial Average and one of the world's largest employers, with (as of 2018) over 350,000 employees, known as "IBMers".
At least 70% of IBMers are based outside the United States, and the country with the largest number of IBMers is India.
IBM employees have been awarded five Nobel Prizes, six Turing Awards, ten National Medals of Technology (USA) and five National Medals of Science (USA).
In the 1880s technologies emerged that would ultimately form the core of International Business Machines (IBM).
Julius E. Pitrap patented the computing scale in 1885;
Alexander Dey invented the dial recorder (1888);
Herman Hollerith (1860–1929) patented the Electric Tabulating Machine; and
Willard Bundy invented a time clock to record a worker's arrival and departure time on a paper tape in 1889.
On June 16, 1911, their four companies were amalgamated in New York State by Charles Ranlett Flint forming a fifth company, the Computing-Tabulating-Recording Company (CTR) based in Endicott, New York.
The five companies had 1,300 employees and offices and plants in Endicott and Binghamton, New York; Dayton, Ohio; Detroit, Michigan;
Washington, DC; and Toronto.
They manufactured machinery for sale and lease, ranging from commercial scales and industrial time recorders, meat and cheese slicers, to tabulators and punched cards.
By 1933 most of the subsidiaries had been merged into one company, IBM.
Headquarters and Offices
IBM is headquartered in Armonk, New York, a community 37 miles (60 km) north of Midtown Manhattan.
Its principal building, referred to as CHQ, is a 283,000-square-foot (26,300 m2) glass and stone edifice on a 25-acre (10 ha) parcel amid a 432-acre former apple orchard the company purchased in the mid-1950s.
There are two other IBM buildings within walking distance of CHQ: the North Castle office, which previously served as IBM's headquarters; and the Louis V. Gerstner, Jr., Center for Learning (formerly known as IBM Learning Center (ILC), a resort hotel and training center, which has 182 guest rooms, 31 meeting rooms, and various amenities.
IBM operates in 174 countries as of 2016, with mobility centers in smaller markets areas and major campuses in the larger ones.
In New York City, IBM has several offices besides CHQ, including the IBM Watson headquarters at Astor Place in Manhattan.
Outside of New York, major campuses in the United States include Austin, Texas; Research Triangle Park (Raleigh-Durham), North Carolina; Rochester, Minnesota; and Silicon Valley, California.
For the fiscal year 2017, IBM reported earnings of US$5.7 billion, with an annual revenue of US$79.1 billion, a decline of 1.0% over the previous fiscal cycle. IBM's shares traded at over $125 per share, and its market capitalization was valued at over US$113.9 billion in September 2018.IBM ranked No. 34 on the 2018 Fortune 500 rankings of the largest United States corporations by total revenue.
Jedox is an Enterprise Performance Management software solution which is used to create planning, analytics and reporting solutions.
The company was founded in Freiburg im Breisgau, Germany, in 2002 by Kristian Raue and has approximately 200 employees.
Other branch offices are located in Frankfurt/Main, Düsseldorf, and Paris.
Since 2008, Jedox has been a stock corporation which is supported, among others, by KfW-Bank and the venture capital corporations
Wecken & Cie, eCapital and Iris Capital.
In December 2014, Jedox acquired German software company Reboard, solutions provider for advanced analytics and mobile reporting.
In July 2015, Jedox announced the opening of a new subsidiary and branch office in Boston.
In the same month, the acquisition of Australian software company Naked Data was disclosed, which resulted in the opening of new Jedox branch offices in Singapore, Sydney and Melbourne.
The managing board consists of the Chief Financial Officer Max Prinz zu Hohenlohe and the Chief Sales Officer Bernd Eisenblätter.
Chief Executive Officer is Florian Winterstein.
Its core solution is a cell-oriented, multi-dimensional in-memory OLAP database that has been especially designed for budgeting and forecasting, and data consolidation.
The software has a modular Software as a Service (SaaS) platform.
It uses Microsoft Excel as its user interface and a Jedox-specific spreadsheet, both browser independent.
Jedox is developed by the software provider of the same name (Jedox AG).
Field of use and circulation
Jedox has been developed for planning, analysis, reporting and data consolidation tasks and may be used in all industries and departments.
Jedox extracts the required operational data from the downstream systems, converts it into an analyzable form and makes it available to various user groups through need-based evaluations or access options in multiple user-friendly front-ends.
It is the most salient feature of the software that apart from covering Business Intelligence applications, e.g. OLAP analyses and retrospective reports, it also includes the option to create Performance Management solutions, such as what–if analyses, demand planning, simulation, budgeting, financial planning, and balanced scorecards.
Jedox is used in approximately 120 countries and is shipped in 26 languages.
Organizations that have used Jedox to build Business Intelligence and Performance Management solutions are, among others, Metro Group,
the German Federation of Chambers of Commerce (DIHK) and Swissport.
The company offers its software suite in rental models.
The rental models give customers the choice of a cloud-based or an on-premises model.
Operation is possible through Microsoft Azure Cloud Services in the form of a Software-as-a-Service (SaaS) offering.
In addition, Jedox offers a 14-day cloud and a 30-day on-premises trial version as well as various demo cloud solutions.
- Kaufmann Hall (Axiom Software)
Kaufman Hall's head office is in Chicago, Illinois.
Kaufman Hall helps organisations realise sustained success amid changing market conditions.
Kaufman Hall offers customers independent, objective insight and financially-centered software tools that support decision making and enable the development and execution of sustainable strategies and goals.
Kaufman Hall provides management consulting services, enterprise performance management software, and benchmark data and analytics that help clients to sustain success in a changing environment.
Axiom Software (formerly Axiom EPM) is a performance management tool that arms finance teams and executives with the best tools for budgeting, forecasting, planning, reporting, and more.
Axiom Software is used to analyse results, model the future, and optimise organisational decision making.
Axiom Software enables finance teams to be more agile and spend more time analyzing data to better understand the drivers that affect their organizations.
Kepion was founded in September 2009 by Jeffrey Wang and Kevin Hsu.
It's headquarters is in the Greater Seattle Area, West Coast, Western US
Kepion is the leader in corporate performance management (CPM) solutions for planning and analysis on the Microsoft BI Platform.
Kepion is a performance management software that integrates planning, budgeting and forecasting capabilities with analysis, scorecards and dashboards to optimize collaboration and communication within the organization.
- Longview Solutions
Founded in 1994, Longview provides leading corporate performance management (CPM), tax, and business intelligence (BI) solutions to enterprises across industries worldwide.
The company’s flagship product, Longview 7, is a unified, scalable platform that automates the following key processes:
budgeting and forecasting
disclosure management/XBRL reporting
task management, transparency or any combination thereof
Together with arcplan 8, the power behind its flexible BI solution, Longview has helped hundreds of Fortune 1000 and FTSE 100 companies create a single-source system to better manage their businesses and significantly improve data integrity, decision-making, and financial transparency.
The unique extensible dimensionality allows their customers to deliver strict corporate controls along with business unit operational
relevance all in the same application.
In addition, OneStream are uniquely capable of simplifying all the complexities that enterprise customers expect for true statutory consolidations, account reconciliations, driver based financial and operational planning, powerful data quality, workflow, integration and drill back to virtually any source system all in a single product and application where data and metadata live together.
OneStream’s XF MarketPlace allows their customers to download new solutions like Account Reconciliations or People Planning directly to their application to begin solving the business problem on day one without adding any technical complexity or the need to integrate multiple products, modules or applications.
OneStream's XF solution is available On-Premise or on The Cloud.
OneStream XF Integrations
QAD, SAP, Oracle, JDE, PeopleSoft, Plex, MS Dynamics, Workday and all other open source systems or web services available systems
OneStream XF Competitors
Oracle Enterprise Performance Management, CCH Tagetik, SAP BPC
OneStream only sell to Enterprise customers so pricing for software is based on number of total users.
OneStream supported countries: Americas, EMEA, South Africa
The company sells database software and technology, cloud engineered systems, and enterprise software products - particularly its own brands of database management systems.
In 2019, Oracle was the second-largest software company by revenue and market capitalization.
The company also develops and builds tools for database development and systems of middle-tier software, enterprise resource planning (ERP) software, Human Capital Management (HCM) software, customer relationship management (CRM) software, and supply chain management (SCM) software
Larry Ellison co-founded Oracle Corporation in 1977 with Bob Miner and Ed Oates under the name Software Development Laboratories (SDL). Ellison took inspiration from the 1970 paper written by Edgar F. Codd on relational database management systems (RDBMS) named "A Relational Model of Data for Large Shared Data Banks". He heard about the IBM System R database from an article in the IBM Research Journal provided by Oates. Ellison wanted to make Oracle's product compatible with System R, but failed to do so as IBM kept the error codes for their DBMS a secret. SDL changed its name to Relational Software, Inc (RSI) in 1979, then again to Oracle Systems Corporation in 1982, to align itself more closely with its flagship product Oracle Database. At this stage Bob Miner served as the company's senior programmer. On March 12, 1986, the company had its initial public offering. In 1995, Oracle Systems Corporation changed its name to Oracle Corporation, officially named Oracle, but sometimes referred to as Oracle Corporation, the name of the holding company. Part of Oracle Corporation's early success arose from using the C programming language to implement its products. This eased porting to different operating systems (most of which support C).
Prophix is a global leader in Corporate Performance Management (CPM) software leveraged to transform the office of finance through innovative approaches and technologies.
Focused on the mid-market enterprise, Prophix helps finance leaders improve profitability and minimize risk by automating budgeting, planning and reporting so they can direct their attention to what matters most - uncovering business opportunities, making insightful business decisions, and driving competitive advantage.
Established in 1987, Prophix Software is headquartered in Ontario, Canada.
Privately held, Prophix recently announced its total annual recurring revenue (ARR) for 2018 increased by 42% from fiscal year 2017.
Revenue from its cloud business increased 440% year-over-year, and the company has established a strategic path to achieve $100M in ARR by 2023.
2018 was highlighted by Prophix’s successful shift to a cloud delivery business model and expanding its global cloud client portfolio.
Prophix added more than 200 new customers in 2018, 85 percent of which are cloud-based.
Prophix has invested more than 20% of revenue in R&D to re-invent the office of corporate finance through the application of technologies like artificial intelligence, natural language processing and machine learning.
In the rapidly changing environment of today’s business world, what’s worked before simply doesn’t cut it anymore.
Prophix’s software helps financial professionals re-frame their everyday challenges.
By providing greater visibility into their company’s financial health, financial executives can easily track company performance against planning and quickly make adjustments as needed.
Through its investment in "The Cloud", Prophix provides a trusted and scalable platform for customers looking to accelerate their financial planning and analysis (FP&A) capabilities and adopt next generation solutions encompassing advanced technologies like artificial intelligence and machine learning.
Paul Barber is the chief executive officer of Prophix.
The company is especially known for its ERP software.
SAP is headquartered in Walldorf, Baden-Württemberg, Germany with regional offices in 180 countries.
The company has over 425,000 customers in over 180 countries and is a component of the Euro Stoxx 50 stock market index.
When Xerox exited the computer hardware manufacturing industry in 1971, it asked IBM to migrate its business systems to IBM technology.
As part of IBM's compensation for the migration, IBM were given the rights to the Scientific Data Systems (SDS)/SAPE software, reportedly for a contract credit of $80,000.
Five IBM engineers from the AI department (Dietmar Hopp, Klaus Tschira, Hans-Werner Hector, Hasso Plattner, and Claus Wellenreuther, all from Mannheim, Baden-Württemberg) were working on an enterprise-wide system based on this software, only to be told that it would no longer be necessary.
Rather than abandoning the project, they decided to leave IBM Tech and start another company.
In June 1972, they founded the SAP Systemanalyse und Programmentwicklung ("System Analysis and Program Development" / "SAPD") company, as a private partnership under the German Civil Code.
Their first client was the German branch of Imperial Chemical Industries in Östringen, where they developed mainframe programs for payroll and accounting.
Instead of storing the data on punch cards mechanically, as IBM did, they stored it locally in the Electronic System while using a common Logical database for all activities of Organization.
Therefore, they called their software a real-time system, since there was no need to process the punch cards overnight (for this reason their flagship product carried an R in its name until the late 1990s).
This first version was also a standalone software that could be offered to other interested parties.
Enterprise Resource Planning
In 1973, the first commercial product was launched.
SAP completes its first financial accounting system - RF.
This system serves as the cornerstone in the ongoing development of other software modules of the system that will eventually bear the name SAP R/1.
This offered a common system for multiple tasks.
This permitted the use of a centralized data storage, improving the maintenance of data. From a technical point of view, therefore, a database was necessary.
In 1976, SAP GmbH Systeme, Anwendungen und Produkte in der Datenverarbeitung ("Systems, Applications, and Products in Data Processing") is founded as a sales and support subsidiary.
Five years later, the private partnership is dissolved and its rights are passed on to SAP GmbH.
The headquarters moved the following year to Walldorf, Germany.
Three years later, in 1979, SAP launched SAP R/2, expanding the capabilities of the system to other areas, such as material management and production planning.
In 1981, SAP brought a re-designed product to market.
However, SAP R/2 did not improve until the period between 1985 and 1990.
SAP released the new SAP R/3 in 1992.
SAP developed and released several versions of R/3 through 1995.
By the mid-1990s, SAP followed the trend from mainframe computing to client/server architectures.
The development of SAP's internet strategy with mySAP.com re-designed the concept of business processes (integration via Internet).
As a result, R/3 was replaced with the introduction of SAP ERP Central Component (ECC) 5.0 in 2004.
Architectural changes were also made to support an enterprise service architecture to transition customers to a services-oriented architecture.
The latest version, SAP ERP 6.0, was released in 2006.
SAP ERP 6.0 has since been updated through SAP enhancement packs, most recently: SAP enhancement package 8 for SAP ERP 6.0 in 2016.
In August 1988, SAP GmbH became SAP AG, and public trading started on 4 November 1988.
Shares were listed on the Frankfurt and Stuttgart stock exchanges.
In 1995, SAP was included in the German stock index DAX and, on 22 September 2003, SAP was included in the STOXX Europe 50.
The company's official name became SAP AG (a public limited company) after the 2005 annual general meeting.
In 2014, SAP changed from an AG to a European Company (Societas Europaea or SE).
Focus on cloud
Since 2012, SAP has acquired several companies that sell cloud-based products, with several multi-billion dollar acquisitions seen by analysts as an attempt to challenge competitor Oracle.
In 2014 SAP bought Concur Technologies, a provider of cloud-based travel and expense management software, for $8.3 billion, SAP's most expensive purchase to that date.
Analysts' reactions to the purchase were mixed, with Thomas Becker of Commerzbank questioning whether Concur was the right choice for SAP, while Credit Suisse called the acquisition an "aggressive" move.
In 2014, IBM and SAP began a partnership to sell cloud-based services.
Likewise, in 2015, SAP also partnered with HPE to provide secure hybrid cloud-based services running the SAP platform.
Both HPE and IBM provide infrastructure services to SAP, and SAP runs its SAP HANA cloud solution on top.
SAP has announced additional partnerships with Microsoft in order to give customers tools for data visualization, as well as improved mobile applications.
SAP exceeded its revenue projections due to the expansion in its cloud business and the success of SAP HANA.
The growth can also be partially attributed to the acquisitions of Concur and Fieldglass.
The company announced plans in 2016 to invest heavily into technology relating to Internet of Things (IoT) as part of a strategy to capitalize on the growth in that market.
For that purpose, €2 billion is planned for investment in relevant sectors by the end of 2020.
SAP will also launch a new product line called SAP IoT, which "will combine large amounts of data from things connected to the Internet with machine learning and SAP's real-time database S/4 HANA."
In 2015, the company launched S/4HANA, the newest generation of the SAP Business Suite.
It was written natively for the SAP HANA platform.
It offers cloud, on-premises and hybrid deployment options to customers, with its benefits including a smaller data footprint, higher throughput, faster analytics and faster access to data.
It also allows existing SAP Business Suite customers to upgrade to this product from SAP Business Suite.
In 2016, SAP introduced SAP HANA, Express Edition which is meant to run on personal computers or on cloud computing platforms for students and other small-scale developers.
On January 29, 2019, SAP announced plans to cut approximately 4,000 positions at the company in a strategic plan to shift to more modern cloud-based technologies such as blockchain, quantum computing, machine learning, Internet of Things, and artificial intelligence.
- Vena Solutions
Vena Solutions appreciates why Excel remains essential to almost every business professional.
It is familiar, flexible and powerful.
Vena Solutions embraces the full power of Excel.
Vena Solutions provides a cloud-based solution that combines Excel with a centralized database, highly customizable workflow, advanced reporting and modeling functionality, and the ability to generate custom reports that help to spot trends and make better business decisions.
Support is offered via phone, email, Vena e-learning platform, and other online resources.
Vena Solutions transforms Microsoft Excel into a financial planning and analysis solution - automating the tedious processes and centralizing the data so everyone works from the same, reliable numbers.
With Vena Soutions, finance teams have cut cycle times by 75% and reporting times by up to 99%.
Vena Solutions provides users with enterprise data for better planning, decision making, and an elevated role for finance.
Unlike traditional CPM/EPM solutions which attempt to replace Excel, Vena Solutions drives adoption by embracing Excel and empowering it to do all the things you wish it could do - enterprise workflow and approvals, version control, collaboration, and being your single version of the truth.
Vena Solutions is leveraged by companies in high-growth mode, organizations dealing with significant change, and finance teams who are fed up with outdated or broken processes and overworked staff.
Vena Solutions has more than 650 customers worldwide - the finance teams are now spending more time analyzing and telling the stories in the numbers rather than spending unnecessary time manually distributing, collecting, validating and manipulating data.
The company was originally founded in 2008 as WebFilings.
Workiva's main product is Wdesk, a cloud-based enterprise management and auditing software-as-a-service platform that enables companies to create and file financial and compliance reports and documents to the SEC and other federal and state regulatory agencies.
The Wdesk platform integrates information from disparate content formats, including spreadsheets, presentation documents, emails and other unstructured data, into a single cloud-based report.
The company employs approximately 1,300 people with offices in 16 cities in the United States, Canada, Europe and Asia Pacific.
Workiva Incorporated was formed as WebFilings LLC in California in August 2008 by six entrepreneurs - four engineers and two accountants who previously served as public-company chief financial officers.
Three of the six founders are still active with Workiva:
CEO Martin Vanderploeg, PhD (former engineering professor at Iowa State University)
Jeffrey Trom, PhD, CTO, (former CTO at EAI)
Joseph Howell, VP of Strategic Initiatives (former CFO of several public companies)
Vanderploeg has served as Workiva's CEO and Managing Director since 2008. Vanderploeg has 20+ years of experience in mechanical engineering and advising start up companies. Prior to founding Workiva in 2008, Vanderploeg was a founder of EAI and served as EAI’s Executive Vice President from 1993 up until they were acquired by Unigraphics Solutions in 2000. Vanderploeg served as CTO of EAI from 1989 to 1999. Following the acquisition of EAI, Vanderploeg continued to be an advisor to various technology start-up companies.
Three founders are no longer with Workiva: Matthew Rizai, Ph.D., (former CEO of Workiva and EAI); Jereme Behar (former CFO of EAI); and Daniel Murray (former Chief Software Architect of EAI).
Recent historyIn July, 2014, the company's name was changed to Workiva LLC, and was converted into a Delaware limited liability company in September 2014. Five of the founders previously served as executives at Engineering Animation Inc. (EAI), a 3D computer animation company, also based in Ames. EAI was acquired in 2000 by EDS/UGS PLM, and is now a division of Siemens, the German technology multinational.
WebFilings changed its name to Workiva in July 2014 and went public in December 2014 (NYSE: WK).
In October 2014, Workiva opened its Ames campus in Iowa State University Research Park.
A May 2016 Gartner Magic Quadrant analysis of the ten leading financial corporate performance management software firms, ranked Workiva in the "Leader" quadrant along with three others: SAP SE, Oracle and BlackLine. In Deloitte's 2015 Technology Fast 500 survey of fastest growing technology companies in America, Workiva ranked fiftieth among all software companies. In the DevOps Excellence Awards 2019, Workiva won Best Software-Defined Product.
In 2016, Forbes magazine listed Workiva as one of the 25 Highest-Rated Public Cloud Computing Companies To Work For, according to its Glassdoor rankings.
ApplicationsWorkiva's first SaaS product was SEC reporting software designed to enable corporations to automate their SEC filings by using a proprietary system of document tags and linking. The platform also enabled companies to file electronically directly with the SEC, using the business mark-up language XBRL (Extensible Business Reporting Language), required by the SEC. A Workiva customer was the first company to file Inline XBRL with the SEC.
The company has since expanded to include other corporate financial and compliance reporting functions, including:
- Sarbanes–Oxley reporting and Recovery and Resolution Plans (RRP) - WDesk integrates documentation required for financial statements, risk assessment and forecasts required by the Sarbanes–Oxley Act into a single view.
- SEC Filing - including EDGAR HTML conversion and xBRL mapping, creating and filing documentation for IPOs, S-1s, 10Ks, 10-Qs, 20-Fs, as well as the reports needed to meet Investor Relations, Mutual Fund reporting regulations.
- CAFR and State and Local Reporting - used by municipal securities issuers or agents for preparing documentation for Continuing Disclosures to the Municipal Securities Rulemaking Board and documentation required of state and local education departments to meet mandated guidelines.
- Sustainability and Corporate Social Responsibility (CSR) - WDesk supports most global reporting frameworks that track CSR including Global Responsibility Index, the Carbon Disclosure Project and the Dow Jones Sustainability Indices.
- Internal Reporting - these tasks include compiling management reports, risk assessments, board reports, among others.
09:30 - 10:00 Coffee break
11:00 - 11:30 Coffee break
12:30 - 14:00 Lunch
15:00 - 15:30 Coffee break
16:30 - 18:00 Socialising