Strategic Tech Slideshow: Business Performance Management is in Demand

Business Performance Management is in Demand

73 percent of survey respondents either have a BPM efforts in progress; have completed one; or are planning to do so.

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58 percent of those surveyed say performance management applications are essential to their organizations.

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Only 5 percent of respondents consider BPM to be a luxury. Nearly one in four consider it "nice to have" but not vital.

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21 percent of large organizations (those with more than 2,500 employees) have spent more than $1 million on BPM projects.

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30 percent of medium/large companies (those with more than 2,500 employees but less than 5,000) spent $250,000 or more on BPM this year.

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Only 15 percent of companies required a year or more to implement a BPM solution, down from 31 percent in 2008.

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47 percent spent more than four months researching their BPM initiative before proceeding with vendor selection, ultimately saving time for final implementation.

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Only 23 percent of enterprise organizations are buying "pure packaged" applications for BPM; the majority prefer to configure an existing application.

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43 percent of small companies are looking at SaaS or cloud solutions to implement BPM, versus 23 percent of larger enterprise organizations.

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38 percent of BPM product portfolios are hybrids. Best-of-breed was next popular (34 percent), followed by a mega-vendor approach (14 percent).

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Top reasons for not having a BPM initiative in progress? (percent respondents)1. Benefits are perceived as not being clear (38 percent). 2. Lack of executive sponsorship (34 percent). 3. Lack of funding (27 percent).