Business Performance Management

Business Performance Management (BPM) is built on a foundation of business intelligence and marries it to the planning and control cycle of the enterprise.

BPM allows organizations to plan, monitor and analyze business performance. The planning process may draw upon methodologies such as Balanced Scorecard and Strategy Maps pioneered by Kaplan and Norton.

It is  critical to successful organizations to monitor and manage performance. The result of successful BPM is greater visibility and accountability and meeting - if not exceeding, goals set by strategic and operational planning processes.

Business Performance Management enables organizations to combine planning and data analysis for developing strategic and tactical goals, and track progress toward meeting those goals using financial and operational metrics.

Wave assists organizations to implement performance management solutions.

With the release of Office PerformancePoint Server 2007 organizations have available to them an innovative and cost effective alternative that integrates seamlessly with Microsoft Office.

Office PerformancePoint Server 2007 provides all of the functionality that is needed for performance management in a single, integrated application including:

• scorecards
• dashboards
• management reporting
• analytics
• planning
• budgeting
• forecasting
• consolidation