SRC (SouRCe) Contrast with DST, which is an abbreviation of "destination."
..... Click the link for more information. Software Inc has announced a slew of new software products designed to beef-up its flagship corporate performance management (CPM (1) (Critical Path Method) A project management planning and control technique implemented on computers. The critical path is the series of activities and tasks in the project that have no built-in slack time. ) solution.
Privately held SRC develops a tightly integrated suite of enterprise budgeting, forecasting, payroll and financial planning Financial planning
Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , and reporting applications aimed at mid-to-large organizations ($300m and up). Previously marketed as Advisor Series, SRC is now re-branding the solution as SRC CPM Suite.
The CPM Suite is itself comprised of two tightly integrated product suites: Budgeting & Reporting suite, which comprises SRC's core budgeting, payroll planning and reporting modules (classic Advisor Series); and Strategic suite, which includes newly released modules for long-range strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , dimensional forecasting, capital planning and scorecarding. SRC says the new modules are based on 'best practices' gleaned from SRC's 2000-plus customer installations.
Additionally, SRC has released several new 'expert' modules that extend and enhance the functionality of analysis and planning. These include applications for sales planning and demand forecasting and productivity management, and a proprietary consolidation and data integration tool.
"The development of these [expert] modules recognizes that planning is not just done in the finance department...we're verticalizing the planning function within ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. applications and across the organization," said Andrew Ferguson ''For the American journalist, see Andrew Ferguson (journalist)
Andrew Ferguson is Secretary of the New South Wales Construction and General Division of the Construction, Forestry, Mining and Energy Union. , executive VP and co-founder of the Portland, Oregon-based company.
One of SRC's greatest USPs in the market is its integrated platform. "The breadth of our suite offering is differentiated by a single source code approach..." said Ferguson. "Other so-called integrated solutions, such as Hyperion, are based on disparate systems that need to download code in order for modules to talk to each other". Ferguson points to significant benefits in terms of seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. between modules and a much smoother upgrade path.
Each module of the SRC CPM Suite is priced separately, though SRC is primarily marketing it as a complete functional suite.
