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Home > Consulting services > Managing Performance |
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Managing Performance |
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All managers need information to guide their financial and operational decisions and help them get everyone pulling in the same direction. But, with globalization and connectivity, many companies have become more geographically dispersed, more complex and thus more difficult to manage. The regulatory burden is also growing, and connectivity is forcing public companies to become more transparent. Reliable, timely management of information is therefore essential.
Corporate performance business management (CPBM) provides the avenue for translating a company’s strategy into measurable targets and monitoring and evaluating how it is doing. CPBM gives senior executives a real-time picture of how the organization is actually performing relative to its targets, so they can make needed changes as quickly as possible and ensure the changes “stick” by linking them to the way employees are evaluated and remunerated.
The PRM has three main purposes: Help produce enhanced performance information to improve strategic and daily decision-making;
Improve the alignment - and better articulate the contribution of - inputs to outputs and outcomes, thereby creating a clear "line of sight" to desired results; and Identify performance improvement opportunities that span traditional organizational structures and boundaries
Haselfrë's approach enables organizations to integrate their financial and non-financial systems and processes to achieve sustainable improvements in performance.:
- Create effective corporate
performance management tools
- Design and build robust business
intelligence systems
- Identify the most appropriate
measures of your financial,
operational and regulatory
performance
- Increase the efficiency and frequency of your reporting
processes
- Improve the reliability of prospective information,
including budgets and rolling forecasts
- Develop corporate scorecards to evaluate your
performance and drive improvements; and
- Link your organizational targets with your employee
evaluation and remuneration policies to ensure
lasting change.
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