BPM Partners, a leading independent authority on business performance management (BPM) solutions, and the author of the "Beyond the Hype" series on the BPM industry, has opened the 2007 edition of the influential BPM Partners BPM Pulse Survey (http://www.bpmpartners.com/BPMSurveyCentral.shtml). This year's survey will focus on key aspects of Performance Management 2.0 and, as in previous years, ask end users for business-level feedback and assessment of established and emerging BPM vendors.
The results of the study will provide vital information detailing the success or failure of real world BPM implementations which can be used as a guide by both vendors and end users to make sure they get BPM right. Participants who complete the survey will receive a free summary of the survey's results.
"Previous BPM Pulse Surveys reveal a sizable number of companies have been successful with BPM," said Craig Schiff, president and CEO, BPM Partners. "These same companies are now extending core BPM systems to critical new areas to further enhance their ability to make better informed decisions. This growth includes a focus on operational analysis and performance measurement, a deeper dive into critical areas of financial management and an attempt to be able to better anticipate future results combined with more vertical breadth."
Summary Results from the 2006 BPM Pulse Survey
The 2006 Pulse Survey presented information and feedback from actual BPM users in today's forward-thinking enterprises in an easy-to-use graphical report. More than 500 financial, IT and corporate executives contributed to the project. Last year's results showed an increasing use of BPM outside of finance, an indicator of BPM going mainstream, and a general rising of vendor satisfaction rates. Other trends revealed included:
- The majority of companies have started a performance management initiative - 83 percent of respondents either have an initiative in place or have plans for an initiative in the near future. One common reason cited for no plans is that they simply have other priorities.
- The rise of applications - 77 percent of the respondents preferred either an applications vendor or one that offers both tools and applications.
BPM - a growing software category with more than 100 vendors - is a combination of business processes, select measures (metrics, key performance indicators) and systems that enable an organization to understand, act on and influence its business performance. Budgeting, planning, consolidation, scorecards, dashboards, business intelligence (BI) and analytic applications all fall under the BPM umbrella. In addition, regulatory issues such as Sarbanes-Oxley, Basel II and IFRS compliance are often business drivers for today's BPM applications.
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