Purpose-built corporate performance management software, or CPM software from CorVu enables organizations to tie performance metrics to business strategy. It combines two critical technologies:

• Strategic Performance Management- Managing the key business processes that impact strategy execution through dashboards, scorecards and other visualization tools.  Strategy is executed through objective management, initiative management, resource management, risk management, and incentive management 
• Performance Metrics - a robust business intelligence platform for automated data exchange, reporting, and analysis

Corporate performance management software provides comprehensive capabilities, including interactive scorecards, strategy maps, briefing books, dashboards, and out-of-the-box reports and views. Critical enabling technology for corporate performance management software includes:

• Objective Management – CPM software provides automated monitoring and management of strategic objectives; performance measures are associated with each strategic objective
• Metrics Management – corporate performance management software tracks key performance indicators (KPIs), automatically loads data from other systems and data sources, and provides email reminders when manual data entry is due
• Initiative Management – CPM software provides performance monitoring of individual initiatives (projects and activities) and objectives; initiative management graphically tracks and manages the status of all initiatives and subordinate tasks with Gantt charts and links to existing project management systems
• Causal Modeling – corporate performance management software automatically constructs cause-and-effect diagrams that highlight interdependencies that exist between objectives and functional areas; it provides comprehensive performance modeling, including “what-if” analysis, time series regression, and resource planning
• Knowledge Management – CPM software provides a communication and collaboration framework that enables organizations to discuss performance, communicate decisions, and record relevant actions
• Resource Management – corporate performance management software links the budgeting and planning process to business strategy with centralized management of the financial planning cycle; strategic initiatives associated with strategic objectives are the focal point of the budgeting and planning process
• Risk Management – CPM software monitors and manages the threats and obstacles to achieving strategic objectives; risk management ties key risk indicators (KRIs) to objectives and desired outcomes
• Incentive Management – the #1 reason cited for failed performance management initiatives is lack of alignment between employees and organizational objectives; corporate performance management software links employee performance results, appraisals, reviews, and variable compensation to strategic objectives

Contact us to find out how corporate performance management software from CorVu can benefit you.