Bob Vesely had a vision several years back of what he wanted to be able to do with the planning and budgeting software he would purchase for Advantage Sales & Marketing LLC. Advantage is a sales and marketing agency that represents 1,200 manufacturers and moves about $35 billion worth of their products each year, and Vesely, as its CFO and executive vice president, was looking to do much more than just getting away from spreadsheets.

Vesely wanted a system that could give his executives a so-called real-time snapshot of how the company was performing. That meant using the Web to make the system and its information accessible to all of Advantage's 100 offices across the country. In Vesely's mind, it also required linking the software with other company data, and not necessarily financial data.

When Vesely had this vision, the scandals with Enron, WorldCom and Tyco had not happened yet, and Sarbanes and Oxley probably hadn't even had their first conversation on corporate governance. On Vesely's part, it was pure prescience.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.