High-performing companies are increasingly attributing their success to total business visibility and the ability to quickly respond to changing environments. Many of these top-performing companies are relying on an emerging category of software called business performance management to help them manage dynamic change and to align objectives, strategies and tactics across extended enterprises, according to an announcement at Hyperion’s Solutions 2002 user conference.
Business performance management takes a holistic approach to the way in which organizations manage themselves and their relationships with customers, partners, suppliers and employees. It empowers every department in a company to set, measure and hit its goals and brings the results together in a way that promotes cross-functional collaboration across the entire enterprise.
“Customers are looking for ways to measure performance, to continuously drive growth and profitability and to anticipate where their business is going,” said Jeff Rodek, chairman and CEO of Hyperion. “Business performance management is built on integrating technology that is helping companies gain visibility into their operations and to better manage those operations. The beauty is that it applies process and intelligence to the data derived from operations to give visibility into the drivers that effect profitability. As a result companies are better able to align plans and strategy, establish accountability and gain an integral understanding of their total business performance in order to drive execution and results.”
Managing corporate value by looking not only at a company’s past and present performance but by also taking an accurate read of its likely future represents a significant step forward in enterprise software. Business performance management, an evolution of business intelligence (BI) software, encompasses all that BI has to offer but also takes advantage of additional capabilities, such as real-time analysis, advanced planning and predictive modeling that are closely linked to operational data, to anticipate where a company is going.
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