Today’s corporate leaders are often forced to choose
between acting on outdated or incomplete data and delaying
crucial decisions until managers can locate unstructured information
tucked away in obscure corners of the enterprise. Both paths
are fraught with risks that can imperil a company’s
ability to make the timely, well-informed decisions necessary
to remain competitive or even stay afloat in today’s
turbulent markets.
What a Unified, Next Generation
BPM Solution Can Do
A new breed of Business Performance Management (BPM) software
is the key to marrying structured and unstructured business
information throughout the entire organization into a single,
unified version of the facts. New developments in BPM software
are allowing companies to drive more meaningful plans, better
understand and manage corporate performance and, most importantly,
achieve desired results quickly and more effectively. When
information is made available to every internal decision-maker
and external stakeholder accountable for any portion of the
overall corporate plan, today’s BPM solutions can help
companies gain a comprehensive, real-time snapshot of their
current performance, build an accurate forecast for the future,
and precisely determine the optimal actions required to achieve
their objectives.
Through the implementation of a solution from one of the
BPM industry’s leading solution providers, SPL Worldgroup
achieved a holistic outlook of their enterprise from functional,
geographic, and business unit views. Enterprise-wide consolidation,
budgeting, analysis, planning, forecasting, reporting, and
process management led to an increase in the accuracy, timing,
and quality of forecasts at SPL. Report preparation has decreased
from weeks to hours, giving way to over 1000 reports per month,
and enabling in-depth analysis where none previously existed.
Elimination of manual processes around HR headcount reporting
saves 520 hours of manpower per year.
So, how should a company go about evaluating and selecting
a BPM solution that will meet their requirements? Here are
several considerations:
Single Back-End Application
A single, unified application that handles the full range
of BPM processes will be easier to implement, manage, and
use than a solution that is built on multiple applications.
But look beyond the user interface: several BPM solutions
claim to be a single solution but are really multiple BPM
processes patched together.
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