What is CPM?: the crucial role of CPM in achieving your organization goals
Organizations are constantly searching for effective ways to manage corporate performance to respond to the demands and speed of the market, boost their growth and achieve objectives. Managing corporate performance has become essential for companies to survive and grow in a dynamic market. But why should you focus on management support solutions such as Corporate Performance Management (CPM)?
Corporate Performance Management (CPM) offers a holistic approach to the optimizing performance challenge. By encompassing the definition of strategic goals, the monitoring of relevant KPIs, the analysis of trends and the alignment of operational activities with strategy, CPM seeks to optimize performance and guarantee the competitiveness of organizations.
However, traditional performance management methods, based only on historical data of limited relevance, lacking current context, unrepresentative in scale/sample, poorly predictive of future events, and subject to selection bias, are no longer sufficient.
There lies the importance of Data & Intelligence CPM. Integrating data into CPM increases effectiveness by providing valuable insights (relevant, accurate, clear, timely and actionable) for making informed decisions.
Managing corporate performance has become essential for businesses
In this article, we'll explore the need for Data & Intelligence CPM, its benefits, how to choose the right KPIs and how your company can achieve better performance with Izertis software that makes it possible to give a more personalized response to the demands of each sector and business context.
What is Data & Intelligence CPM?
Data & Intelligence CPM utilizes advanced technologies such as Data Analytics and Machine Learning (ML) to gather, process and analyze relevant information. While integrating internal and external data, Data & Intelligence CPM offers a holistic, real-time view of corporate performance.
How do you choose KPIs to evaluate your company's performance?
Choosing the right KPIs (Key Performance Indicators) is crucial to evaluating company performance effectively. KPIs should be SMART - Specific, Measurable, Achievable, Relevant, and Time-bound - and also simple, straightforward and easily understood by employees. The process involves: selecting metrics for each objective, responding to the established criteria, assigning responsibility to business leaders for monitoring them, reporting regularly to assess performance and making data-driven decisions. These KPIs are essential for measuring performance in Finance, Sales, Operations and Human Resources, but it's vital to adapt them to the specific needs of each organization and sector.
What are the Izertis software solutions for Data & Intelligence CPM?
Izertis offers advanced software solutions to power Data & Intelligence CPM to enable organizations to achieve maximum performance. With a variety of specialized options tailored to each business, our solutions help meet the challenges of the dynamic market and make informed decisions:
1. Infor EPM (Enterprise Performance Management): A complete solution that offers total visibility of business performance. By integrating intelligent planning, budgeting, financial consolidation and visualization of different projections, EPM enables reliable reporting, measurement of past and current performance, and forecasting of future activities. With features such as planning, financial and sales consolidation, capital forecasting and budgeting.
2. Talentia CPM (Corporate Performance Management): is a global CPM platform that offers real-time financial reporting, business analysis, budgeting, forecasting, consolidation and closing processes. With features such as multi-standard statutory consolidation, portfolio management, Intragroup reconciliation, accounting review and reports in XBRL format, it makes information more reliable, increases team productivity and facilitates decision-making.
Conclusion
CPM software is essential for providing a comprehensive, real-time view of company planning in Finance, Sales, Operations and Human Resources, enabling a complete understanding of organizational health.
In addition, it facilitates strategic planning, offers valuable insights through Data Analytics and AI, and enables continuous monitoring of KPIs to make corrective decisions quickly. Automating processes improve team productivity and simultaneously ensures compliance in the financial planning of data from different sources. This set of operational advantages contributes to more informed decisions, organizational alignment and sustainable business success.
Contact the Izertis team for a performance strategy and a CPM software customized to your company's needs. Conquer your organization's goals and achieve exceptional results!