Enterprise Performance Management from Business Objects UK IThound

Enterprise Performance Management
by Business Objects UK
Published:August 2007
Format: Portable Document Format (.pdf)( 159.4 KB )
Length: 20 pages
Overview

Are you managing your company’s performance as effectively as possible? Many organizations think they are, when actually they are using poorly integrated planning, reporting, and analysis systems that pass for enterprise performance management (EPM) solutions. This lack of integrated EPM results in inconsistencies in data and in legal and management reporting, an inability to track, measure, and improve performance, and poor execution on business strategy. It also burdens organizations with extra work and costs as well as critical delays when staff is forced to manually reconcile reports.

A discipline by which corporations monitor and measure performance using an integrated set of metrics, processes, and systems, EPM is at its most effective when everything in the EPM environment is linked, shares the same data, and plays by the same rules. This is a key factor in determining whether a “solution” is truly a solution or part of the problem.

EPM solutions can become part of the problem when by their very design they plant multiple and inconsistent database models throughout the customer’s organization. These disparate databases create unintentional silos of information—especially if there’s no easy or automated way to move the data from system to system, application to application, or stakeholder to stakeholder, as is the case when using spreadsheets to plan, budget, forecast, and report. Even when these disconnected databases are able to transfer data between systems, applications, and people, the information is inconsistent or inaccurate.

These data inconsistencies and largely manual distribution systems make it difficult for a company’s leadership to identify which areas of the business are reaching full potential and which are underachieving, and to communicate any changes in strategy across the organization.

Fortunately, a few EPM systems have “come of age” to meet all of the definitional requirements of EPM. The providers of these solutions take a holistic approach, enabling organizations to meet all of the most significant barriers to EPM via data and systems integration; process automation; speed, performance, and scalability; and seamless compatibility with proven and ubiquitous technology standards.

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