Achieving Corporate Objectives
Benchmarking and Improving Your Business Performance
The purpose of this report is to provide guidance on implementing effective Enterprise Performance Management (EPM) - also known as Corporate Performance Management (CPM) or Business Performance Management (BPM) - and the corresponding capabilities and enabling technologies that help improve financial and operational control. Over 150 companies were surveyed between July and August of 2010 to identify best practices and current initiatives in corporate performance management. The top-performing companies demonstrated that to achieve a high-level of success in managing business performance, a strategic combination of process re-engineering and software automation should be implemented.
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Implementing business performance management can significantly improve operational and financial control, but many organizations lack the initiatives, capabilities and technological enablers to realize such opportunities. Organizations earning Best-in-Class status possess elaborate business performance management capabilities as defined by: a strong alignment of staff accountability to corporate objectives, and robust solutions that provide stakeholders with access to performance data and information for effective decision –making. The strategic actions of the Best-in-Class are identified in Figure 4 below.
How Demand Metric Can Help
If you need to improve your business performance management capabilities in order to improve operational and financial control, check out the following templates:
Balanced Scorecard Strategy Template
Business Strategy PowerPoint Presentation
Business Strategy Metrics Dashboard
Strategic Project Rank Template
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