Unified Performance Management
Unified Performance Management as a way to unleash value and drive better outcomes.
Key concepts
Importance of Performance Management and its impact to value creation
Misuse of technology leads to unsatisfactory Performance Management solutions
The majority of the so called Performance Management solutions are actually just Profit & Loss Reporting systems and fail to integrate strategic, financial and operational planning into one coherent loop. Missing out on Cash flow metrics and value creation
Functional databases are much better suited to perform the task of Integrated planning than relational database systems and common Performance Management solutions offered by most vendors
The key enabler for a successful roll out is the know-how to properly build a fully integrated business model into a functional database
The author's journey as a CFO
Hand on heart, do you believe that your current Performance Management process, system or solution is actually supporting the execution of your organization’s strategy throughout the value chain?
If you can answer this question positively than you are one of the few that has achieved what is commonly known as “Unified Performance Management”.
If not, like almost everyone, you are still stuck in what I call the “age of performance darkness”.
I would even argue that few people really understand the concept of Performance Management over and above Financial Performance, which is why many companies have a very narrow view of their organization’s performance.
Why is it so hard to actually achieve what the software industry and many consulting companies have been advertising for years?
