Control over your organization’s KPI
Optimizing performance, developing best management practices and utilizing the insights generated in favour of business have been some of the big business challenges. More than standardized and centralized management systems processes, companies need to learn how to use centralized data in favour of their business by transforming information into corporate intelligence.
This level of efficiency and effectiveness can be achieved through Corporate Performance Management (CPM), which includes integrated software for planning, budgeting, reporting, analysis, forecasting and scorecarding, thus providing a 360-degree vision of the business. It is a broad term that describes methodologies, metrics, processes and systems that are used to monitor and manage company performance.
Corporate Performance Management (CPM) is a methodology that promotes the continuous storage, 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 their 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 tools of strategic management. This set of best practices has as its primary objective to provide a systemic and integrated vision for managers to extract relevant insights that lead to better business decisions.
Benefits of the Corporate Performance Management methodology
Have a more realistic perspective on your strategic objectives and goals, allowing employees to work in a consistent manner and contributing to the achievement of the desired levels of efficiency
Real-time measurement and monitoring of all KPIs relevant to the business, with well-structured performance metrics that support the decision-making process by mapping the organizations' strategy
Accurate planning and budgeting, increasing the effectiveness of the company in maximizing results and reducing costs.
Proactive monitoring of performance, creating notifications for all users in case of an error
Evaluate performance and detect gaps of skills and process adjustments, contributing to a culture of continuous improvement of your company
Reduced financial risks (Governance Compliance) and associated impacts, since CPM gives greater confidence in financial data with greater efficiency of workflows
By integrating CPM with other information systems, it offers a shared vision of the business, creating updated reports that can be distributed to all those involved in the processes and projects
Enables the organization to make decisions faster, smarter, and in a timely manner by getting and transforming data from operating systems into a single, real-time repository
Align operations with operational strategy, monitoring progress according to proposed objectives
Increased standardization and process automation. A CPM solution simplifies the collection, storage and analysis of data from multiple sources
Learn how Corporate Performance Management contributes to achieve competitive advantages