Related Information

Corporate Performance Management

Benefits of CPM

More than 70% of companies who adopted some sort of Corporate Performance Management program generated high-impact improvements in key performance metrics, and these results were consistent across industry segments and company size:

Average Improvement from a Corporate Performance Management Initiative:

• 5.0 percentage points gain in return on assets (ROA)
• 4.9 percentage points gain in Percent Gross Margin

However, the above study found that Best in Class companies take a significantly different approach than their peers to Corporate Performance Management - and achieve better performance as a result. 

Best in Class companies approach CPM analysis with a far greater focus than their competitors on:

• Tracking new product introductions
• Balanced Scorecard versus individual metrics
• Continuous improvement and closed loop decision processes
• Cross-functional root cause analysis
• Forward-looking business data analysis and simulation
• Performance metrics aligned with corporate strategy & monitored via balanced scorecard and executive dashboard software applications
• Implement one portions of CPM at a time and not buying into the hype of the very large software companies
• Realizing that many software vendors sell products that are complex to install, operate and understand, products that are designed for IT not the average business user

Aberdeen Research Group

• Easy to use tools for senior managers to make budget decisions
  
  
• Integrated data at your fingertips
  
  
• Increases budgeting accuracy while reducing the burden on managers so they can spend their time and effort making informed decisions and not on collecting data.
  
• Enable analysis of what-if scenarios and business rules to support strategic goals via Advanced modeling capabilities.
  
  
• Custom scorecards and dashboards to monitor pre-aligned KPI's in real time.
  
  
• Time Efficient and highly effective consultants.
  
  
• Measure, Monitor, Report, and Plan with ease.
  
  
• Analyze any area of your enterprise and get and an instant visual of each areas performance.

MGI provides step-by-step implementation, ensuring each application is being utilitzed to it's fullest capacity and is actually delivering what is needed and wanted.