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| Corporate Performance Management |
Corporate Performance Management is an umbrella term that describes all of the processes, methodologies, metrics and systems needed to measure and manage the performance of an organizatin.
Despite this stability in definition, CPM as a practice has evolved greatly since 2001. Many companies from the Global 3500 and major public sector organizations have embraced the vision of CPM. They understand the value of enabling and engaging everyone in an organization to manage the organization's performance. They are deploying technologies and solutions to make that vision real. These organizations understand how CPM can help them answer their fundamental business questions :
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How are we doing ? |
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Why? |
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What should we be doing? |
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Scorecarding, Business Intelligence and Planning and Consolidation technologies answer these questions. The questions connect; CPM requires they not be stand-alone elements. Knowing what happened, without finding out why, is of little use to the business. Knowing why something happened, but being unable to plan and make the necessary changes is likewise of limited value.
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| Scorecarding |
Scorecards enhance conventional reporting by including user-set targets. You can set targets for operational priorities in your own department and monitor your progress. You can also use targets to manage objectives and execute on the larger strategy with approaches such as the Balanced Scorecard.See at-a-glance how you are doing now and as a trend against your targets. Drill-through to reports and data for detail about the scorecard metric to understand the "why" behind it.
Scorecarding can improve your performance:
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Deliver at a glance information-Rather than sifting through many reports, scorecards let people see immediately how the company is performing in its critical areas. |
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Communicate strategy and targets effectively-help your strategy succeed by expressing important information, key drivers, performance expectations, and the results. |
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Increase accountability-provide people with the information they need to take ownership of their performance: visibility into strategy, understanding of the part they play in making the strategy succeed, and the metrics to measure their success. |
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Connect departments-scorecard metrics are interdependent and show how one department affects another, leading to proactive cooperation among different areas. Enable your Balanced Scorecard.
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| Business Intelligence |
Business Intelligence softwares delivers the information that drives better business decisions to improve your organization's performance:
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Leverage your existing data investment-BI takes the volume of data your organization collects and stores, and turns it into meaningful reports and analysis that everyone can use. |
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Understand the why behind results-See information across departments and drill down to discover the underlying causes of how you're performing. |
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Align everyone with one, reliable version of business issues-with common data definitions and understanding of priorities, you will spend less time debating the data and more time deciding what to do. |
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Shorten the time to make the right decision-Timely reports and self-service reporting let you see changes when they happen and make the right decisions at the right time. |
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Meet the information needs of all users-flexible, user-friendly reporting means everyone can have the right information delivered in the right way. |
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The result is higher user adoption, better decisions, and a quicker response to threats and opportunities across the organization.
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| Planning and Consolidation |
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| Planning and consolidation software's improves your performance: |
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Plan and budget in real-time with dynamic plans that provide real-time feedback to everyone who is part of the process. |
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Secure a single, accurate view of key information by consolidating multiple diverse ledgers into a single, common chart-of-accounts structure. |
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Make adjustments as necessary with flexible plans and rolling forecasts that let you realign as events occur rather than annual budgets that are out of date as soon as they're printed. |
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Engage all necessary participants with inclusive plans that improve buy-in, rather than the pain of multiple, unlinked spreadsheets. |
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Communicate plans enterprise-wide and with external partners as necessary to keep everyone on the same page.
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