Talentia Software’s Post

❓  What is the first step if you want to further develop corporate performance management (#CPM) processes, e.g. reporting? Many people think here of selecting a suitable tool or, in the case of reporting, perhaps also of redesigning the reports as modern dashboards. ❗  However, the first step should always be a different one: Checking whether the #SteeringLogic is up-to-date and complete! Steering logic sounds somewhat abstract, but at its core it is about the question of which criteria (#KPIs) are used to measure whether the individual units are working well in the interests of the company. 1️⃣  So before redesigning processes, you should ask whether the criteria by which they are measured are clearly defined for the steering objects concerned. 2️⃣  And you should always ask critically whether the KPIs used so far are really effective. There are many prominent examples of inappropriate steering (e.g. steering sales teams mainly according to order entry). I know I'm repeating myself here, but ignoring this question is for me the basic mistake of many projects in the area of corporate performance management! 👉 What do you think? How important is a proper steering logic? Feel free to comment!

Boost your business performance with the right software. Learn the differences between Corporate Performance Management (CPM) and Financial Performance Management (FPM) and discover how it can impact your business. Read our article to find out more: https://ow.ly/3BTa50QgBae #BusinessPerformance #PerformanceManagement #BusinessSuccess

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Forget endless spreadsheets and manual calculations. Corporate Performance Management (CPM) streamlines financial planning and analysis, ensuring your business operates at peak performance. From budgeting and modeling to data gathering, our top CPM tools empower your finance team to analyze, collaborate, and plan with speed and accuracy. Know more: https://lnkd.in/gtqKFpYd #cpm #automation #epm #performancemanagement #SAMCorporate

Disruptive technologies in the Enterprise Performance Management (EPM) challenge traditional planning. Success requires more than just deploying the right solution; it involves finding innovative ways to use it, maintaining long-term relevance, and navigating challenges whilst focussing on expected outcomes. Read more: https://deloi.tt/4dGRAH7 Aditya Dube #DigitalTransformation #Technology

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Effective Strategy Review Meetings need excellent preparation! Well presented, not always well implemented!

S&OP in EPM Stands for Sales and Operations Planning in Enterprise Performance Management. It's a process that integrates sales and operational activities to align them with an organization's strategic goals. In the context of Enterprise Performance Management (EPM), S&OP helps optimize resource utilization, improve forecasting accuracy, and enhance overall business performance.