Performance Management: The Next Generation Explained
Implementing a next-generation performance management solution will help future-oriented companies become more strategically aligned, with streamlined and collaborative processes that reduce error and deliver a single version of the truth.
“As a certified vendor, Prophix is an appropriate choice for any organization looking to evaluate leading solutions that can meet market requirements today and be ready to meet expanded needs tomorrow.”
Business Performance Management enables an organization to plan, Monitor, and execute on its strategy.
- BPM is a set of integrated, closed-loop management and analytic processes, supported by technology, that address financial as well as operational activities
- BPM is an enabler for businesses in defining strategic goals, and then measuring and managing performance against those goals
- Core BPM processes includes financial and operational planning, consolidation and reporting, modeling, analysis, and monitoring of key performance indicators (KPIs) linked to organizational strategy