What is the current state of business performance management (BPM) in your organization? Undoubtedly, your response will be that you have planning and forecasting capabilities and that management reporting for your organization has been consolidated. Mike Morini, president of OutlookSoft in North America, challenges that response - one he hears quite frequently as he visits Fortune 1000 companies throughout the United States. "What we're seeing is that while most organizations have processes in place for financial and operational planning, forecasting and reporting, many are dissatisfied with their underlying software and systems. Common gripes center on data quality, accessibility and management. There are also several external forces that are causing executives to look for better BPM systems. One example is the new Sarbanes-Oxley legislation, which requires more transparent and timelier reporting. That's why companies are calling on OutlookSoft for what we term unified business performance management," explains Morini.
Morini continues, "What it comes down to is a company's ability to trust its results. Factors such as data transparency, accuracy, consistency and accessibility are key. Given this, companies are demanding absolute confidence in their numbers and data - the proverbial 'single version of the truth and facts.' This is the promise that a unified approach to BPM delivers on - and then some."
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