Crisis and Management

Lately, in corporate echelons, the term ‘corporate performance management software’ (CPM) is fast becoming one of hottest topics to discuss. What is it really? Why is it so sought after?

As a concept introduced by Gartner Research in 2001, CPM was something “all of the processes, methodologies, metrics and systems needed to measure and manage the performance of an organization. An ‘ideal’ corporate performance management software delivers the basic management functions–mainly budgeting, forecasting, reporting, consolidation, personnel planning and other financial functions–in a single solution.

The software allows a systematic, integrated approach that links enterprise strategy to core processes and activities. Routine management jobs such as planning, budgeting, analysis and reporting can now yield the measurements that empower management decisions.

CPM enables dynamic business calculations, investigation of what-if scenarios, allowing forecasts to be updated and budget adjustments to be made. CPM provides a unified and consistent version of facts and figures that the whole organization can use in their decision making.

This entry was posted on Wednesday, November 14th, 2007 at 9:35 pm and is filed under Communication, Corporate, Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.