Corporate Performance Management
In the volatile business environment of today, where product life cycles are much shorter than before and global markets make it easier for new competitors to capture market share, it is vital for companies to implement a novel work process or some unique technology that sets them apart, puts them ahead of competitors and reward them with increased profitability.
BIC offers its clients this key to differentiation under the service Corporate Performance Management. BIC creates value for its clients through CPM services by leveraging its know-how in technology along with its deep expertise in accounting and finance.
The main areas of BIC’s Corporate Performance Management Services can be listed as follows:
- Strategic Planning
- Budgeting and Operational Planning
- Decision Support Systems and Performance Measurement
- Corporate Scorecards and Management Cockpits
- Data Mining
Strategic Planning
It is a common pitfall to think the path to success is clear after the right strategy is defined. Execution of the strategy is at least as important as the strategy itself. CPM consultancy offers a very effective approach to execution, implementation, and the monitoring of the strategy implementation by offering tools to measure the past, and to forecast the future.
Budgeting and Operational Planning
Budgeting and Operational Planning enables companies to define their yearly targets in financial terms, to compare actual figures with these targets and to investigate the reasons for any deviations.This way executives can track down the real source of a business problem and take prompt corrective actions.
Decision Support Systems and Performance Measurement
Should that underperforming plant in X closed down? Is it underperforming at all, considering the specific country situation, and the high inflation in the local currency? The output of decsion support and performance management systems helps to answer both continously asked questions (standard reporting) and questions depending on a certain case (ad-hoc-reporting).
Corporate Scorecards and Management Cockpits
What is really important to different stakeholders? The answer lies within defining the “Key Performance Indicators”, measures to define how successful the company is to progress towards its long-term organizational goals. After defining KPI’s, it is important to collect them under one roof , named "The Corporate Scorecard". Executives, managers who are drown in operational information, can take a deep breath since their KPI’s are already defined, fed by most actual operational data from their sources and shown in the Management Cockpit. This cockpit is sufficient to evaluate the actual status of the entire company, of a department, of a special product or product line, of a sales region, whatever is needed.
Data Mining
Who does not know the past, can not know the future. This motto is the gist of data mining more or less: to gather all relevant data from past, analyze them for making forecasts and estimations for the future. In a data warehouse using the right technological tools, patterns which cannot be caught by human eye are analyzed. This surely sheds light to the future.
Depending on the needs of our clients, BIC can offer both the conceptual design, and the selection and implementation of existing software tools to fulfill the specific requirements.
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