The top reason for implementing a business performance management (BPM) solution is to improve decision making in the organization, according to “Business Performance Management,” a new report released today by META Group, Inc. Gaining efficiency in the financial planning/reporting process and enhancing allocation of company resources rounded out the top three reasons most cited by respondents.
"The increased interest in BPM is primarily due to the rapidly changing economy and new public accounting regulations intended to provide greater transparency and visibility. These regulations have put tremendous pressure on organizations to provide better visibility and accountability in enterprise financial results," says John Van Decker, META Group vice president, Technology Research Services. "BPM initiatives typically begin with a desire to move from Excel in an attempt to support a more centralized, dynamic and active planning process within an organization. They often expand to cover reporting and metrics management and, when applicable, financial consolidations."
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