Winning in today’s extremely competitive global market place requires organizations to establish a flexible but clear business strategy, with focused teams driving innovation and ideas for delivering results. There are also added pressures on business units in every organization to show clearly how and where they are creating or adding value to the organization. Furthermore, the corporate focus on IT costs is often driven by the enterprise-wide mandate to do more for less and growing demands for compliance and governance-led transparency. The use of corporate performance management (CPM) solutions helps organizations in achieving these strategic goals.
Many times, CPM system is often limited to the finance personnel within organizations but a closer look reveals a variety of opportunities for leveraging CPM tools company-wide. If customer’s thinking CPM as a planning solution, it's because they have some business need around planning, budgeting or forecasting and it needs to be address now; and hence they are not thinking about financial consolidation and performance measurement across departments. CPM includes the processes used to manage corporate performance, such as strategy formulation, budgeting, planning and forecasting, financial consolidation; the methodologies that support these processes, such as balanced scorecard. In fact, BI and CPM together extends this to other areas of the business, and even provide operational managers and employees with actionable business intelligence.
ASTRAL offers a broad range of CPM services, coupled with technology solutions from Oracle, IBM (Cognos) and Infor (As per Gartner’s Magic Quadrant for CPM, these are the key vendors providing CPM solutions globally). We help organizations to identify an appropriate solution and also implementing them to achieve its business objectives.