The Basics of BPM

Improving outdated budgeting-and-planning processes is a critical starting point, and pre-requisite, for BPM—but it's not the endgame.

"Over time, a carefully conceived and well-implemented business performance management strategy can help a company better execute its strategic plan, increase profitability, and strengthen its balance sheet. Yet many companies initially set off down the path toward BPM, also known as corporate performance or enterprise performance management, with a much less ambitious goal in mind: overhauling outdated and inaccurate manual budgeting-and-planning processes."

SOURCE: CIO Insight