Designed to manage and monitor business performance, cpm software holds the promise of helping businesses drive profitable growth. 

Key market forces - regulatory, competitive, and economic - are driving dramatic change for virtually all businesses today. Since most organizations have largely squeezed costs as much as possible, they now face significant pressure to grow the business and improve visibility. As a result, companies are looking to technology to help drive profitable growth.

But the traditional approach to cpm software has not served as a mechanism for driving growth. That's because there's more to cpm software than budgeting and planning tools, metrics, and dashboards. 

The problem for most organizations is that there is a fundamental disconnect between corporate strategy and day-to-day activities. Strategy, initiatives, resources, and risks are discussed at the executive level, but day-to-day activities and performance metrics are not connected to them. As a result, organizations can measure performance, but they can't manage it.

CPM Software Ties Performance Metrics to Business Strategy
The key to breakthrough performance is tying performance metrics to business strategy. To drive breakthrough performance, cpm software must tie performance metrics, initiatives, resources, and risks to strategic objectives.

Doing this, however, is a non-trivial task. It requires the same level of thoughtful discipline that organizations apply to operational processes. It cannot be managed effectively with desktop tools like Excel or PowerPoint. At the same time, it's outside the design intent and scope of budgeting and planning tools, ERP systems, and business intelligence tools. It requires a comprehensive system for managing strategy-related processes - it requires a Strategic Management System (SMS).

Breakthrough cpm software couples the capabilities of a Strategic Management System with performance metrics. Combining these key technologies allows organizations to tie performance metrics, initiatives, resources, and risks to strategic objectives in a closed loop.

There are three critical requirements for breakthrough cpm software:

   ► Purpose-Built Application - a single application built from the ground up for managing business performance across the enterprise, not a tool set,
       framework or collection of disparate applications
   ► Comprehensive Management Framework - an application that manages all strategy-related processes and supports any management discipline
   ► Scalable Architecture - cpm software must be built on a scalable architecture designed to tie performance metrics to all strategy-related processes across 
       a large and distributed enterprise; scalable cpm software is characterized by transactional capabilities, a native web architecture, Automated Data Xchange 
      (ADX), a robust security model, custom reporting, and open technology 

Contact us to find out how cpm software from CorVu can benefit you.