Treetop Tech ( www.treetoptech.com ), ranked by Inc. Magazine as one of the fastest growing IT Services organizations in the country since 2004, announced the formalization of its Enterprise Performance Management (EPM) consulting practice in response to the rapidly developing EPM market.
EPM also referred to as corporate performance management (CPM) holds the promise of helping corporations drive growth and government agencies become results-oriented organizations. Defined by AMR Research as "a superset of applications and processes that cross the traditional department boundaries to manage the full lifecycle of business decision-making," EPM combines planning, forecasting, performance metrics, operational reporting and modeling capabilities with strategy execution.
Research firm Gartner estimates that by 2008, more than 80 percent of publicly traded companies will have a formalized EPM strategy and roadmap as key elements in their compliance and governance framework.
Today, integration technologies have advanced to where it is now feasible to create a common platform for delivering integrated performance management solutions. Computing power has increased while data storage capacity and costs have fallen dramatically, and end-user information access has seen a pervasive change through the rapid adoption of Web-based reporting and analysis solutions. As a result, the software market is converging as vendors from each of the three classes are rushing to capitalize on these technology advances. The trend is toward integrated product offerings, commonly referred to as enterprise performance management suites, which respond to the growing demand for more integrated and robust performance management tools.
Treetop Tech indicated that these trends in the EPM market and the resulting increase that they have seen in the need for IT consulting services to integrate these new EPM technologies is what prompted them to formalize their EPM consulting practice.
"Challenged by growing pressures to respond to rapidly changing business environments and continued pressure to improve financial results and achieve emerging compliance requirements, we are finding our enterprise clients increasing their investments in EPM technologies such as Business Intelligence (BI) and the associated analysis, modeling, forecasting and reporting capabilities, " said Charles Skamser, Vice President of Business Development for Treetop Tech.
"This increase in demand is great for the EPM software vendors with whom we are partners," Skamser continues. "However, we are finding that our Fortune 1000 client base and the state and local government agencies that we support are a bit overwhelmed with integrating and leveraging all of this new technology. This need to integrate and leverage all of this new EPM technology is what fueled our decision to formalize our EPM practice and expand our partnerships to enable us to more effectively meet the overall EPM requirements of our client base."
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