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ABSTRACT:
The premise of Business Performance Management (BPM) is simple: companies can optimize performance by setting goals, monitoring progress against those goals and quickly reacting to change. Companies that embrace BPM are able to consistently achieve ambitious objectives, easily identify unexpected trends, and respond advantageously to outpace their competitors.
Each process - budgeting, reporting, analysis, forecasting - is conducted by a separate group, with independent spreadsheet-based models that pull data different back-end systems.
This whitepaper examines both the challenges of poorly integrated financial processes and the benefits of a unified approach; it also reviews technologies that enable companies to adopt BPM best practices.
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