What is Business Performance Management?
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Business Performance Management (BPM) is a systematic approach that helps organizations improve by defining goals, measuring performance, and analyzing results. BPM software automates this process by consolidating data and aligning business activities with strategic objectives using frameworks like the balanced scorecard. It provides tools for benchmarking, reporting, and detailed performance insights to support decision-making across various management disciplines.
What is Business Performance Management?
- 1. What is Business Performance Management? Essentials of Business Performance Management Software
- 2. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 2 Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. Business Performance Management in the most simplistic terms, is what business does to get better. Typically, supported by technology it consists of planning and setting goals usually via some metric, executing against those goals, and the management analyzing the results. DEFINITION
- 3. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 3 Business Performance Management Main Activities Business performance management has three main activities: Defining goals and key measurements Measurement and data collection of information and results related to progress against the defined goals Managers assess this information to continuously improve future performance against these goals
- 4. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 4 Business Performance Management Business Performance Management discipline gives companies a top-down framework by which to align planning and execution, strategy and tactics, as well as business units and enterprise objectives OVERALL STRATEGY Strategic Planning and Thinking Using the Balanced Scorecard Source: The Institute Way: Simplify Strategic Planning & Management with the Balanced Scorecard (www.balancedscorecard.org) Mission Purpose: What we do Vision Picture of the future Perspectives Different view of organizational performance Strategic Themes and Results Main focus areas (pillars of excellence) driving key results Strategic Objectives and Strategy Maps Key strategy components connected to tell a cause-and-effect value creation story Performance Measures and Targets Captures whether an organizations performing at the desired level or not Strategic Initiatives Projects and action plans that drive results Customer / Stakeholder / Market Needs Strategic Altitude 30,000 ft. 25,000 ft. 25,000 ft. Ground Level
- 5. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 5 Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. Business Performance Management Source: Wikipedia Regardless of the organization size, the challenges are the same - collecting large amounts of data, reporting of this data, and then applying analytics in an effort to assist management decision making
- 6. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 6 What is BPM software? Definition Business performance management software helps automate performance management by supporting a variety of business performance frameworks used in various business domains, and encompasses the planning, analytics and execution of related processes. It helps organizations to map the vision and mission with everyday business activities. “
- 7. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 7Source: Wikipedia Business Performance Management software assists in the process of consolidating data, collecting, analyzing and reporting data. With this data performance can be benchmarked and measured. Business Performance Management Software HOW? By consolidating data from various sources, querying, and analyzing data By offering a comprehensive overview of business performance
- 8. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 8 • Business Performance Management software helps automate performance management according to the framework adopted by the organization • Among the various frameworks for implementing business performance management, the balanced scorecard is often used as the basis for business performance management activity within organizations Business Performance Management Software VMOT SWOT Porter 5 Forces PESTEL SOAR Boston MatrixBoston Matrix BSC
- 9. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 9 Business Performance Management software helps to capture performance management information as per the structured hierarchies of the business model and link them to strategy Business Performance Management Software
- 10. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 10 Business Performance Management software helps to align individual goals and objectives with the company strategy COMPANY GOALS INITIATIVES OBJECTIVES KPIS Business Performance Management Software
- 11. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 11 Business Performance Management software provides even a granular view of performance, with highly detailed performance indicators FOR ILLUSTRATION PURPOSES ONLY Business Performance Management Software
- 12. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 12 Business Performance Management software provides insights into performance by using dashboards that engage active participation from all stakeholders. FOR ILLUSTRATION PURPOSES ONLY Business Performance Management Software
- 13. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 13 With Business Performance Management software, you can link management disciplines, such as risk, strategy, operations, quality, projects, processes, HR, and finance in a single interface to enable the right business context to make the right decisions FOR ILLUSTRATION PURPOSES ONLY Business Performance Management Software
- 14. Confidential and/or proprietary. Not to be copied to third parties. © Copyright Corporater AS - All rights reserved. 14 Run Your Business More Effectively by Measuring, Managing, and Driving Performance See How BPM Software works REQUEST DEMO