Many organisations may already have a performance management philosophy in place, but simply monitoring financial and operational performance is not enough. Whether the company is using a framework such as balanced scorecard, EFQM, Baldrige or Six Sigma, an Enterprise Performance Management (EPM) business model to mobilise resources more easily and intelligently is necessary.
EPM combines these recognised strategic frameworks with intelligent software systems that span the enterprise to provide both a strategic "heads-up" and the power to know how to act. This approach is both the strategy and the process of connecting traditional business measures with intangible assets, such as creative employees, customer behaviour, collaborative wisdom and healthy supplier relationships.
SAS' Strategic Vision solution captures the EPM strategy, independent of the philosophy used, and assists organisations in integrating, distributing, analysing and acting upon enterprise-wide information.
"Strategic Vision facilitates strategy communication, organisational alignment, and provides continual feedback on how well strategy is being executed," explains Ariana Swanepoel, solutions architect at SAS Institute SA. "This solution is a new class of enterprise software that enables a company-wide shared vision that spans the ecosystem of the organisation, customers and suppliers. It allows for clear performance indicators that help a company to see the causes and effects of its strategy."
The Strategic Vision solution uses SAS technology to combine data from disparate systems into one information repository that is fine-tuned for decision-making. With this knowledge base, IT professionals can simplify, organise and audit all enterprise information, while users can receive automatic alerts or early excellence or poor performance indicators. With a template based on a balanced scorecard, the solution has been certified by the Balanced Scorecard Collaborative, co-founders of this approach.
"By focusing on critical areas, a company can identify the true sources of business failure and best practices for future success," says Swanepoel.
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