73 percent of survey respondents either have a BPM efforts in progress; have completed one; or are planning to do so.
Business Performance Management (BPM) is how IT supports managerial/analytics processes that allow organizations to define, measure and oversee performance goals. BPM can impact financial operations, consolidations, performance indicators and a host of other company needs. And the vast majority of organizations now indicate that effective BPM is critical to their success, according to a survey from advisory services firm BPM Partners, Stamford, CT. While the economy has certainly made an impact on the acceleration of these initiatives, commitment to BPM remains strong: Nearly three-quarters of organizations have been involved in some way with such a project this year, according to the survey. They are looking to use these tools to improve management reporting, enhance planning, increase operational analytics and "fix painful processes," according to respondents. Nearly 545 companies took part in the Internet-based survey, representing financial-services, energy, health-care, consumer-products and a host of other industries. Organizations represented included those from North America, Europe, Latin America and Asia-Pacific. Find out how big the demand is for BPM really is, and how companies are going about pursuing it:
Dennis McCafferty is a freelance writer for Baseline Magazine.
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