Business Performance Management
Today’s businesses face a common set of challenges in three critical areas of performance management.
First, despite requiring substantial resources, planning, budgeting and forecasting, processes are often not strategically aligned. Second, performance reporting processes are often fragmented and inflexible and frequently produce irrelevant results. Third, performance measurement fails to effectively measure and incent the most valuable metrics.
Companies have tried to overcome these challenges with heavy investments in enterprise resource planning software and best-of-breed software applications, and these have helped in certain areas. Yet many businesses still do not make decisions based on a fully integrated view of performance which includes the drivers, the measurements and the overall shareholder value they create.