Bardess
provides a wide array of Business Performance Management (BPM) solutions that enable
companies to track, measure and understand business performance in relation to enterprise-wide
objectives and goals.
Bardess can help you to access, analyze and share business critical information,
identify the key performance indicators and ultimately improve business decisions
through implementation of BPM. Our consultants will guide you through the
entire BPM process or augment your current efforts by focusing on areas where you
have gaps in resources.
The Elements of BPM:
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Business Strategy and Goals |
Bardess will assist you to set strategic objectives and measurable goals, as well
as define the performance targets that will aid in determining whether the goals
have been achieved.
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Refined Business Models |
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Bardess will aid your team in refining and optimizing your current business models.
To learn more, see our Business
Process Optimization section...
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Planning and Forecasting |
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Bardess will work with you to develop a forward-thinking view of the operation by
driving your business-owners to a consensus and offering guidance in the planning
process. We will assist in developing plans and forecasts.
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Business Intelligence (BI) |
BI is the "reverse flow" in the process, consisting of information analysis
from the data provided by the business strategies, models and plans. It enables
an Enterprise to access, analyze and share information in order to understand HOW
their business is performing, and to improve decision-making and management.
Bardess can assist you to capture, analyze and share the critical information in
your organization by:
- Analyzing information to gain valuable insights
- Creating tools to monitor processes and the performance results (KPIs, Scorecards)
- Developing processes and tools to communicate and report information to the enterprise
(Executive Dashboards and Targeted Reports)
To learn more, see our Business
Intelligence section
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What is BPM?
BPM is a flow of business information from strategies through reporting. It is where
Business Strategies and Planning meet operational execution and measurement. Data,
business processes, and information technology form the architecture for BPM while
the associated metrics and analytics support the business strategies.
BPM is a collection of software applications, business processes and measures of
business success (metrics, Key Performance Indicators) that, when combined, enable
an organization to understand, execute and drive business performance.
BPM is the use of Business Intelligence (BI) to derive operational metrics (KPIs,
Balanced Scorecards, etc.) to measure company performance.
Why BPM?
BPM allows you to more effectively manage your business. It enables your enterprise
to translate business strategies into actionable plans, monitor the execution of
the plan, and provide additional insight to manage and improve financial and operational
performance.
Corporations are finding that information "silos", ineffective performance
monitoring, limited reporting capabilities, myopic planning process, and a lack
of understanding of business drivers can create a significant planning gap between
business strategy and operational execution. Creation of a BPM process will close
the gaps, and improve the availability of information for corporate decision-making.
Why BPM Now?
Increased regulations on corporations from Sarbanes-Oxley to new FASB regulations
have created increased pressure to obtain more accurate information more quickly.
External disclosure requirements from Sarbanes-Oxley certification of financial
statements.
Increased Risk Mitigation activities aimed at finding and fixing high-exposure process
gaps and avoiding regulatory sanctions.
Internal requirements to disseminate information throughout the Enterprise at all
management levels.
