Cartesis, the business performance management (BPM) software specialist, and Robert Frances Group announced the availability of the study "Improving Compliance Sustainability with Business Performance Management" that defines 15 critical BPM capabilities for compliance. While many organizations already spend heavily on services, the research proposes that they shift focus to BPM technologies, which can provide effective controls for sustainable financial reporting and regulatory compliance.
The 15 necessary BPM capabilities that lead to improved compliance include: comprehensive "built-in" financial controls, global compliance metrics, integration of financial results with process assessment, audibility, role-based security, automated validation of reporting packages, ability to drill-down to all levels of details, data aggregation functions, transparency and traceability, automation of legacy and manual processes, process monitoring and disclosure speed, single integrated data model, data categories, dimensions and eXtensible Business Reporting Language (XBRL).
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