Four key areas to boost business performance management
There is rising interest in EPM (Enterprise Performance Management) solutions in all businesses, as visibility requirements show no signs of having peaked. To better manage and coordinate KPIs business-wide, decision-makers these days prefer intuitive, integrated solutions, providing a straightforward, unified view of financial and operational data.
This new generation of solutions shortens the time needed to switch from thoughts to deeds and meet the real management challenges faced:
- Improve decision-making by converging financial and operational reports across the whole business. This provides better understanding of how internal and external events influence performance.
- Reduce the time taken to access reports, by encouraging operational staff and decision-makers to work together in a unified environment, making it possible, for example, to streamline the budget preparation and approval processes.
- Limit risks and sources of error by choosing solutions that are simple to implement but also totally integrated with your existing systems. This eliminates any manual handling of data from different sources, and so improves the reliability of the results.
- Increase user productivity as the intuitive interfaces used by the new generation of such tools, and their integration with common desktop applications, means expanded usage across the whole organization.