Business Objects announced BusinessObjects Performance Manager. This new product represents the second phase of the company's enterprise performance management (EPM) strategy. Unlike other products on the market, Performance Manager goes beyond basic dashboarding to provide advanced goal management and scorecarding capabilities as well as guided analysis of metrics.

Enterprise performance management is one of today's most visible management trends, enabling organizations to use reporting and analysis of metrics and key performance indicators to create more efficient enterprises. In January 2003, Business Objects launched the first phase of its EPM strategy, which included: the release of BusinessObjects Dashboard Manager, the Business Objects Open Financial Applications Initiative, and a new relationship with A.T. Kearney. Performance Manager is part of what was formerly code-named Project Sundance, and allows companies to leverage goal definition and management to close the loop between corporate strategy, metrics, and daily tactical performance.

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