What is Corporate Performance Management?

Corporate Performance Management involves planning, budgeting and forecasting (Analyst, Contributor and TM1), consolidation (Controller) and reporting (Business Intelligence).

CPM serves both operational and financial performance by including the process of collecting the data and performing analysis and reporting in a collaborative manner from executives, managers, and staff through all levels of your business.

The Corporate Performance Management Cycle

Implementing a CPM system enables a closed-loop process that starts with understanding where your business is now, where it plans to go, the targets that should be set, and how resources can be allocated to achieve those goals.

Once the plans are made, the system is used to monitor the performance of those plans, investigate deviations and provide insight as to why they occurred. The CPM solution allows for the assessment of alternatives from which decisions can be made. This closes the loop by leading back to the planning phase allowing a new plan to be created deciding where the company wants to go.

Corporate Performance Management using IBM Cognos products

The IBM Cognos products can be categorised within the CPM cycle:

Plan

• IBM Cognos 8 Planning
• IBM Cognos 8 Controller
• IBM Cognos TM1

Monitor

• IBM Cognos 8 Metrics

Report

• IBM Cognos 8 Business Intelligence

We will help you to implement and continuously fine-tune your CPM cycle by providing consultancy, support and knowledge transfer, helping your business develop and evolve.