SoftExpert CPM

Corporate Performance Management

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    The Challenge

    Often managers do not have an easy way to measure and monitor performance indicators – or an effective method for communicating goals and objectives. As a result, too much focus can be placed on financial indicators and lagging performance measures while not enough emphasis is given to critical operation metrics and key performance indicators (KPIs).

    Companies risk wasting resources and efforts when they lack a commonly shared and understood strategy.

    In the absence of a shared source of metrics, managers may measure performance in areas not related to the corporate strategy or not aligned in the correct way.

    The employees know they are responsible for driving corporate performance. However, not every employee knows if or when they are responsible for resolving a performance-related problem. Many problems persist or go unaddressed simply because no one person, team or department has been specifically assigned to resolving them.

    The Solution – SoftExpert CPM

    SoftExpert CPM is a robust web-based integrated corporate performance management solution that helps organizations to manage the strategy formulation process, translate it into practical action and monitor performance and execution in a simple way.

    SoftExpert CPM is an integrated performance management software that empowers organizations with a full set of capabilities to translate strategy into operational objectives, driving both behavior and performance, defining and collecting metrics to measure and control business performance and measure progress. Managers can track and analyze performance in real time through a user-friendly dashboard, improving management comprehension which leads to better, faster and more relevant decisions forward to action.

    With SoftExpert solution for Corporate Performance Management (also known as Business Performance Management or Enterprise Performance Management), organizations are confidently and more easily provided of consistent access to information with optimized performance. Companies can maximize their investments with a solution that is modular, meeting immediate business demands and challenges, but integrated for a more complete solution, creating greater value. The solution supports management of performance deviations, risks, initiatives, action plans, resources and processes, as well as a wide range of best-in-class performance management models and practices, like Balanced Scorecard, Six Sigma, etc.

    framework-cpm

    Corporate Performance Management – CPM

    This robust web-based software makes data entry simple for users, eliminating the task of gathering multiple data or cutting and pasting data. SoftExpert CPM leverages a controlled workflow cycle to manage input processes, which includes due dates and task reminders, such as data entry, approvals, revisions, or adjustments. SoftExpert CPM streamlines the information flow by automatically integrating and consolidating data from different sources (external databases, Excel spreadsheets, formulas) and provides access to users anytime and anywhere.

    SoftExpert CPM software offers strategy maps and analysis graphs and diagrams designed to help in understanding the cause-and-effect relationships of key processes and metrics. It also provides a specialist tool to solve performance problems and define the appropriate actions for the team in charge, creating a culture of performance.

    • Strategy planning (Strategy Map)

      Strategy planning (Strategy Map)

    • Measuring and monitoring

      Measuring and monitoring

    • Initiative management

      Initiative management

    • Performance deviation process

      Performance deviation process

    • Real-time portals

      Real-time portals

    • Analysis tools

      Analysis tools

    Main Benefits

    Improves decision making.

    Minimizes uncertainty and meets KPIs and objectives.

    Focuses on the indicators that reflect strategy and are most critical.

    Synchronizes communication of goals, strategies and metrics across broad geographic areas and allows users to view, update, share and work simultaneously on common information.

    Minimizes problems associated with reporting detailed financial and operational data from multiple applications, databases and legacy systems.

    Empowers organizations to make faster, smarter decisions in real time by capturing and transforming data from operational back-end legacy systems into a real-time data storage.

    Integrates key management processes within a single IT platform in a closed-loop environment.

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    Features

    Strategy

    Strategy mapping and scorecarding with objectives, indicators, tactical plans and all you need to put your strategy into action.

    Risk

    Streamlined risk and compliance assessment providing holistic views of data across multiple business environments.

    Corrective actions

    Corrective actions to lead underperformance indicators into the right way.

    Integration

    Data integration and consolidation from different sources using formulas, spreadsheets and external databases connectors.

    Analysis Tools

    Deep analytics and business intelligence to transform information into actionable insights.

    Portals

    Real-time performance monitoring through personalized portals.

    Solution Overview

    Solution Overview

    Return on Investment (ROI)

    Traditionally, when enterprise professionals discuss the ROI of an investment, they are mostly thinking of "financial" benefits. Today, organizations must also consider the "non financial" benefits of an investment.

    Financial Benefits include impacts on the organization's budget and finances, e.g., reduced costs or increased revenues.

    Non-Financial Benefits are the so-called "intangible", "soft," or "unquantifiable" benefits of an investment. Unlike financial returns, there may be no widely-accepted metrics for organizations to apply. However, the SoftExpert solutions present undeniable potential for producing positive impacts on business performance and mission results. These include improved customer satisfaction, more precise information and a shorter cycle time.

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    It’s hard, if not impossible, to calculate the ROI of better decision making. Unlike some IT systems that replace more expensive systems, manual processes or headcount, performance application’s benefits are often “soft” or intangible. While there may be some ROI metrics that support a business case, CPM projects often require a bit of faith on the part of the people writing the checks – and some savvy selling by IT and business users.

    The SoftExpert Corporate Performance Management (CPM) solution offers the following benefits:

    Financial ROI:

    Annual Savings

    • Increase productivity. Optimized business processes creation of scorecard templates and structured performance management planning, execution and control will allow your staff to achieve better results in less time.
    • Reduces the budgeting cycle by eliminating spreadsheet management, data transfer errors, manual reconciliation and version control issues.
    • Leverages zero footprint to minimize maintenance costs while providing extensive hierarchical drill-down and analysis capabilities.
    • Reduced time and effort for tasks such as planning and budgeting.
    • Reduced budget spending, especially in the wrong metrics. Attention must be sustained on metrics that are actionable, predictive and connected to the big picture lagging indicators.
    • Cuts costs and increases revenue by:
      • Increasing collaboration on data and knowledge.
      • Eliminating manual errors.
      • Automating input of data.
      • Facilitating the performing of tasks.
      • Accelerating cycle times for key processes.
      • Reducing time with custom implementations and integrations.

    Investment

    • The investment in SoftExpert CPM will depend upon the business unit size and implementation approach.

    Return on Investment (%)

    • (((Total Annual Savings x n years) – Initial Investment) / Initial Investment) x 100.

    Payback Period (years)

    • Initial Investment / Total Annual Savings.

    Non Financial ROI:

    • Ensures goal alignment between business strategies, business measures and business actions.
    • Improves consolidation process accesses combining all corporate data regardless of source for an enterprise-wide snapshot of performance.
    • Provides streamline reporting minimizing problems associated with reporting detailed financial and operational data form multiple applications.
    • Increases collaborative management synchronizing communication of goals, strategies and metrics across broad geographic areas.
    • Eliminates alternative versioning and data integrity issues.
    • Enhances an organization’s ability to separate critical information from extensive “mounds of data”.
    • Empowers organizations to make faster, smarter decisions in real time by capturing and transforming data from operational back-end legacy systems and customer-facing front-end systems into a real-time (or near real-time) data store.
    • Reduces the number of tasks done manually and automatically decreases the number of resources needed.
    • Provides integration of compliance management capabilities into current business processes to support regulatory compliance.
    • Helps to increase corporate transparency.
    • Helps to balance short-term, middle-term and long-term trade-offs.
    • Encourages value-creating investments.
    • Improves the allocation of resources, streamlines planning and budgeting.
    • Helps to better deal with increased complexity and greater uncertainty and risk.

    Featured Resources

    Ebook

    8 Essential Features of Great Performance Management Solutions

    Read this eBook to find out which are these features and how they can help on the overall organization’s performance.
    Download
    Ebook

    7 Capital Tools for Management Excellence

    The Management Excellence Model and its systematic use of key practices and tools.
    Download
    Ebook

    How to create effective KPI dashboards

    How to create great KPI dashboards, describing every step you need to take to implement them at your own organization.
    Download

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