Optimizing performance and developing better management practices has been a major challenge for companies. More than standardized processes centralized in management systems, it is necessary that companies learn to use collected data in favour of their business, transforming information into corporate intelligence.
This level of efficiency and effectiveness can be achieved through Corporate Performance Management (CPM).
Corporate Performance Management (CPM) is a methodology that promotes the continuous collection, analysis, and monitoring of performance indicators of an organization as a whole (as opposed to a particular department or business unit, or even an individual employee) according to critical metrics and key performance indicators (KPIs) such as revenues, profits, expenses, costs, customer retention, or employee turnover to support decision making.
The knowledge that organizations have about themselves often defines the potential they have to achieve a position of competitive advantage over their competitors.
For its full effectiveness, CPM should be integrated with other strategic management tools. This set of best practices has as its primary objective to provide a systemic and integrated vision so managers can extract relevant insights that lead them to better business decisions.
Benefits of the Corporate Performance Management methodology
Have a more realistic perspective of strategic goals and objectives, allowing employees to work in a consistent manner and contributing to the achievement of the desired levels of efficiency
Measurement and real-time monitoring of all business relevant KPIs
Precise planning and budgeting, increasing the company effectiveness in maximizing results and reducing costs
Reduction of financial risk
Performance assessment and detection of skill gaps and process adjustments, contributing to a culture of continuous improvement for your company
Integrating CPM with other information systems, allows a shared vision about the business, creating updated reports that can be distributed to everyone involved in projects and processes
Enables the organization to make decisions faster, smarter, and in a timely manner by transforming data from operating systems into a single, real-time repository
Learn how Corporate Performance Management contributes to achieve competitive advantages