CorVu
Key Market Forces
Regulatory, competitive, and economic pressures are driving dramatic change for virtually all businesses today. Since most organizations have largely squeezed costs as much as possible, they now face significant pressure to grow the business and improve visibility. As a result, companies are looking to technology to help drive profitable growth.
Performance Management technology, which is designed to manage and monitor business performance, holds the promise of helping businesses drive profitable growth. But the traditional metric-focused approach has fallen short. That's because there's more to performance management than metrics, dashboards, and scorecards.
The problem is that there is a fundamental disconnect. Strategy, objectives, resources, and risks are discussed at the executive level, but day-to-day activities and performance metrics are not connected to them. As a result, organizations can measure performance, but they can't manage it.
The Key to Breakthrough
Performance management is tying performance metrics to business strategy. It's not just about performance metrics, it's about tying performance metrics to strategic objectives, corporate initiatives, resources, and risks.
CorVu 5 combines the two key technology components necessary for driving breakthrough performance:
Strategic Management System - a purpose-built application that ties performance metrics to business strategy by managing strategy related processes, including objective and initiative management, budgeting and planning, risk management, and incentive management
Performance Metrics - a robust business intelligence platform for automated data exchange, reporting, and analysis
Regulatory, competitive, and economic pressures are driving dramatic change for virtually all businesses today. Since most organizations have largely squeezed costs as much as possible, they now face significant pressure to grow the business and improve visibility. As a result, companies are looking to technology to help drive profitable growth.
Performance Management technology, which is designed to manage and monitor business performance, holds the promise of helping businesses drive profitable growth. But the traditional metric-focused approach has fallen short. That's because there's more to performance management than metrics, dashboards, and scorecards.
The problem is that there is a fundamental disconnect. Strategy, objectives, resources, and risks are discussed at the executive level, but day-to-day activities and performance metrics are not connected to them. As a result, organizations can measure performance, but they can't manage it.
The Key to Breakthrough
Performance management is tying performance metrics to business strategy. It's not just about performance metrics, it's about tying performance metrics to strategic objectives, corporate initiatives, resources, and risks.
CorVu 5 combines the two key technology components necessary for driving breakthrough performance:
Strategic Management System - a purpose-built application that ties performance metrics to business strategy by managing strategy related processes, including objective and initiative management, budgeting and planning, risk management, and incentive management
Performance Metrics - a robust business intelligence platform for automated data exchange, reporting, and analysis
0 Comments:
Post a Comment
<< Home