Since its introduction to the corporate landscape 18 months ago, business performance management (BPM) has come to be accepted as the means by which organisations can ensure competitive advantage and senior management can guarantee compliance with the legal requirements of the Sarbanes-Oxley Act, King 2, Basel II and the International Accounting Standards (IAS) 2005, among others.
To help those responsible for corporate transparency, financial consolidation or IT decision-making, GBI (Global Technology Business Intelligence) is hosting a BPM breakfast seminar on 8 October.
Marc Scheepbouwer, CEO of GBI, says: "BPM is the first business enabler that addresses both regulatory compliance and competitive advantage. Companies that fail to invest in BPM today will fail compliance requirements, and be at a competitive disadvantage. BPM is about the ability to drive strategic planning, budgeting and forecasting, query and analysis, reporting, monitoring and the balanced scorecard off one unquestioned version of corporate data."
BPM solutions support the typical business cycle involving strategic goal-setting, business modelling based on organisational constraints, allocating enterprise resources through planning, monitoring performance and adjusting the plan if necessary, continually analysing performance based on predefined metrics and, finally, reporting to stakeholders in the necessary format.
GBI is the local distributor for Hyperion`s suite of BPM applications, which give users a single version of the truth across the enterprise so they can collaborate and co-operate in the day-to-day management of the business.
Scheepbouwer notes: "In the same application, they can produce auditable reports for regulatory bodies, financial analysts and stakeholders, and also support internal product profitability and other line-of-business analysis requirements."
Working together, Hyperion`s BPM applications help focus resources, improve operational efficiency and management for profitable results and leverage opportunities for growth, Scheepbouwer adds.
"These solutions complement existing ERP and transaction systems by integrating data from multiple sources, providing a common view across the enterprise and enabling an integrated financial and performance management process that aligns individual goals with corporate objectives."
* For more information on the breakfast seminar, contact Tanya Furniss, product marketing manager: Hyperion at GBI on (011) 319-9800 or e-mail her on tfurniss@glotec.co.za.
Share
Editorial contacts