Enhancements made to performance management
The global economic crisis has put pressure on businesses, and in order to survive, organisations need to ensure they have the right information to provide financial clarity.
Businesses need to be able to automate and transform critical financial processes to stay ahead of the curve and gain real time insight into cost structures.
These issues were discussed at the recently held IBM Financial Performance Management (FPM) event. Lorraine Venter, FPM Solutions Specialist at IBM South Africa, highlighted the problems faced by business today, and outlined the updates the company has announced to its FPM product suite to help these organisations cope with and come out on top of the financial crisis.
Says Venter: “Financial Performance Management can help to cut costs, improve profits, drive cash flow and manage risk, delivering new intelligence that is complete, insightful, and actionable and driving smart decisions for better business outcomes.”
“There is also a need for efficient and sustainable compliance, and the necessity to drive for optimal business performance,” she adds.
Enhancements have been made to end-user planning and performance management experience with a new rich client, reduced deployment effort, an improved user experience and effortless migration of existing applications.
“The IBM Cognos Performance Management (PM) suite handles not only the automation needs of a business, but also transformation,” Venter concludes.