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Follow UsIt is well understood in the corporate world that the difference between a good corporation and a great corporation is execution. Most enterprises are fairly complex entities with major divisions, departments, sales offices, manufacturing plants, suppliers and distributors. This mini-universe of inter-relationships produces volumes of data on a daily basis
Unfortunately, it is virtually impossible to decipher the meaning of raw data emanating from within and without the corporation. If sales increase in one region while decreasing in another, it can imply a variety of possibilities such as differences in marketing, pricing, product need, consumer affordability, inventory shortfalls, inadequate servicing etc. The problem is that raw data does not translate into intelligence and without intelligence one cannot take appropriate action to optimize business performance.
Over the last few years, corporations have increasingly understood that there is a need for BPM solution. In simple terms, with a Business Performance Management (BPM) system, managers and executives will find it possible to justify their decisions based on a specific understanding of their corporate context.
In contrast to the effort involved in setting up the execution elements of the company (sales, marketing, business operations etc.), there is woefully little effort put into understanding the achievement of strategic objectives. BPM aims to fill the gap between execution and strategy.
This Whitepaper will take you through an introduction to Business Performance Management (BPM), the corporate need for BPM, solution characteristics and the resulting corporate benefits on implementation of a BPM software. Also enclosed is a case study that provides practical cognizance of the BPM application.