The term Corporate Performance Management (CPM) refers to targeted and centrally controlled management tasks in a company. Strategy and goals are aligned in such a way that the highest possible performance / performance is achieved in the long term. If the planned or achieved results are consistent with the defined corporate goals, they are also referred to as performance. Both the result and the process of service provision play an essential role.
The basis for achieving such a performance is high-quality information and a comprehensive market orientation. Corporate goals must be clearly formulated internally and communicated. The expansion of corporate performance management should support the development of the individual potential of individual employees. This can be done inter alia by targeted motivation or by the removal of corresponding obstacles.
CPM looks to the future - When we look at retrospective analyzes and evaluations, we speak classically more of Business Intelligence, with forward-looking projections of actual data we talk about corporate performance management. In this type of management, the ideal-typical phases of the so-called management cycle can be recognized. It starts with the planning, which is implemented according to plan and then the acquired results are checked. After this cycle (planning, implementation, control), further planning is specifically optimized. Corporate performance management focuses increasingly on financial figures from its own company, but also includes other key figures such as customer satisfaction, production data, personnel costs and maintenance costs for machines. Balanced scorecards enable a holistic corporate management of the organization and its employees. Through the previous KPI analysis that was collected with Business Intelligence, the information about changes of internal and external factors, the relevant business processes can now be optimized via CPM and adapted in time to the company's strategy.
Corporate Performance Management has a clear mandate, the historical perspective that Business Intelligence delivers to combine the areas of monitoring (the current situation) and planning as well as forecasting (for the future) in a so-called controlling loop or management loop.
Various business processes and requirements from the financial sector mapped in a software solution. Plus points:
Business processes and requirements are mapped in a software solution
the prerequisite for uniform structures is created
Process optimization and significant time savings in reporting
easier and faster internal coordination in the company
For more than three decades, CoPlanner has been engaged in the implementation of corporate performance management (CPM) systems for mid-sized companies, as well as specialist departments of DAX companies. Our product is called like the company: CoPlanner. The mature corporate performance management software provides management and controlling with flexibility and freedom to focus on optimizing and effectively expanding their business. With CoPlanner you can modernize your business planning and budgeting to the latest state-of-the-art, with certified consolidation and predictive planning to make closing cycles, as well as year-end financial reporting, much faster and future-oriented. As a flexible web application, CoPlanner offers a holistic solution for corporate performance management (CPM), developed for finance and specialist departments.
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