As an integrated solution, Performance Management controls the strategy, planning, budgeting, and the implementation of measures and offers comprehensive reporting functions.
Data usually originate from Performance Measurement and Business Intelligence systems that are rated as time-consuming by users, since the lion‘s share requires approximately 60% of the expenditure for data collection and preparation, leaving the critical value-adding analysis behind.
This is caused by error-prone and insufficiently automated Excel processes that many companies continue to use to collect their data. Furthermore, coverage of many BI and PM tools must be regarded as defective because core processes and system requirements are partially or totally disregarded.
This whitepaper intends to demonstrate what Performance Management is really about, which processes it integrates and how they can be implemented.
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