Financial and accounting staff need to extract more reporting data from their systems – and this could bring them into the new domain of ‘corporate performance management’. Gartner’s Lee Geishecker explains what CPM involves.
Corporate performance management on the rise - Part 3 | Part 1 | Part 2
Identifying the ‘pain points’ is not enough to build a CPM
roadmap. Corporate strategists must also determine whether
any current projects can be leveraged to deliver broader benefits
to the enterprise.
For example, enterprises could expand a finance-driven initiative
to replace a spreadsheet-based budgeting system with BI applications,
to link to demand planning in the supply chain area and provide
a far more powerful enterprise model for forecasting revenue.
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