CPM & BPM - buzz words

CPM (also referred to as Business Performance Management, BPM) is a relatively young discipline. CPM applications help company management to control the performance and profitability of their enterprise. As opposed to Business Intelligence solutions which focus on summarizing and analyzing information from the past and present, CPM additionally involves planning and forecasting future business processes. Moreover, CPM aims to allow better operative use of corporate information. As a result, CPM solutions are based on the principle that every operative process is assigned specific indicators (metrics).

With myBiQ, you can implement Corporate Performance Management in your company.

You can:

• plan and analyze the performance of your company. This not only includes Budgeting and Financial Reporting, but also Human Resources, IT, Production, Marketing and Sales/Distribution, Logistics and Research & Development

• render strategic and tactical objectives quantifiable, e.g. by using corporate performance indicators (KPIs, OPIs) or balanced scorecards

• make performance information relevant to decision-making more readily available, and prepare it more transparently, e.g. using the myBiQ Cockpit.