What is Enterprise Performance Management/Business Performance Management?

In the early 90's, commercial businesses realized a need to shift from error-prone, time-consuming, manual processes for operational data collection and reporting to automated systems that provided more accurate and uniform data.  During that transition many for-profit companies spent millions of dollars not only to purchase but to implement and maintain systems for performance analytics.  The first major data warehouse built for Coca-Cola (by team members who eventually joined Global Analytics) came with a performance analytics hardware, software and services price tag of many millions of dollars.

Now, with the commoditization of hardware and software as well as the significant growth and maturity of online technologies, the corporate sector has learned to collect and share data for performance analytics more efficiently . . . and without going broke doing it.  The accuracy of reporting in a performance management solution now results in increased productivity and increased profitability.  Today, Enterprise Performance Management/Business Performance Management (EPM/BPM) solutions include applications and tools that build dashboards, scorecards, and alerts.  They leverage existing information technology investments, are user friendly, enhance communication, and enable better informed decision making for performance analytics.    

Do I need an Enterprise Performance Management Solution?

Today, performance management solutions track certain ratios and values as indicators of the relative strengths and weaknesses within your firm.  Have you ever reviewed a report, put it down, and realized that as a result of your inspection you had more questions? How tough was it to get answers to your questions? If you're like most leaders in business today, the answer to the first question is an emphatic YES. To the second question, your answer might depend on whether or not you have an effective enterprise performance management solution in place.

For many, the answers to data-based, critical questions are not available for days or even weeks. A decision-maker must be able to scrutinize their data, ask questions and get answers at the speed of thought so they have the information needed to take action. A properly built and implemented enterprise performance management solution provides the performance analytics that enable informed action.

What can I expect in an Enterprise Performance Management/Business Performance Management Implementation?

During the implementation, your organization designs and implements the solution in a way that satisfies your original requirements.  Besides meeting the project budget and schedule, part of the plan will be to gain end-user acceptance.  Once the solution is in place, you should experience improved visibility into data, increased agility in performance management cycles, and strategic alignment of goals with initiatives, priorities, budgets, reports and analysis.  Your employees will smile more.

Why should we use consultants in our Enterprise Performance Management/Business Performance Management implementation?

Implementation of an Enterprise Performance Management/Business Performance Management solution is not inherently a do-it-yourself project.  Most companies need proven, practical, hands-on expertise, reliable software, dedicated service and support they can count on to reinforce their own company resources.  Global Analytics helps ensure performance management success for your company because we have the experience and agility that comes from many years of successful implementations led by skilled consultants who include the founders of the performance management space. Here are some of the areas in which we can help:

Give us a call, we are ready to help now!  For a list of phone numbers, click here.