Enterprise Performance Management is basically a set of management processes, often supported by technology, that help to improve the strategic decisions people in organisations make every day. In the end it is the quality of those decisions that will separate successful companies from the rest. Performance Management is therefore a modern umbrella term for a set of management approaches that enable organisations to define and execute their strategy, and to measure and monitor performance in order to inform strategic decision making and learning.
In the first step to Enterprise performance management model, organisations start with defining their strategy, then move on to measuring performance, then use these indicators to analyse performance in order to extract insights and make better informed decisions which lead to actions and performance improvements. Let’s briefly look at each of these steps:
Upon the initial steps of Enterprise performance management approach it integrates with other key management processes. Here we briefly look at some of those processes in turn and explore the need for alignment.
Executive decision makers need access to integrated information to truly focus on profitability and performance. This requires a performance management platform that provides historical information, current results, and predictive analytics. Today’s performance managers need to know what’s happened and why it happened, align this knowledge with objectives, and articulate a plan to establish a forward-looking view of the business.
Accely offers specialized services to meet your goals. Our solutions deliver quantitative data on performance metrics and provide critical detail about the causes of how a company is performing. We also provide powerful tools to improve the speed, flexibility and accuracy of planning, budgeting and consolidation cycles. Together, these solutions improve decision making, allow a quicker response to threats and opportunities across the enterprise and help an organization to perform at its best.
Our EPM practice consists of providing Consulting and Implementation Technology solutions by adapting the enterprise tools from: