Enterprise Performance Management

Without Enterprise Performance Management tools, managers have poor insight into enterprise wide performance drivers, and decisions are made based on partial information. An integrated BI platform can provide single version of truth about an organization’s financial and operational performance. Many times business goals and strategies are not transformed to meaningful and accountable performance. By using Dynamic Dashboards and Scorecards, managers can get accurate, relevant, consistent and timely data.

Dashboard and Scorecard

Dashboard is a visual presentation that transforms raw data into meaningful insight. Visual Indicators like actual vs. expected sales and expense trends by department can help managers to make quicker and better informed decisions. Dashboards can be used to monitor many types of data and to support almost any set of objectives business deems important. There are many ways to categorize dashboards types. The way that relates most directly to a dashboard`s visual design involves the role it plays, whether strategic, analytical, or operational. The design characteristics of the dashboard can be tailored to effectively support the needs of each of these roles.

The fundamental challenge of dashboard design is the need to squeeze a great deal of information into a small amount of space, resulting in a display that is easily and immediately understandable. Common mistakes while designing a dashboard include supplying inadequate context for the data, displaying excessive detail or precision, choosing a deficient measure, choosing inappropriate display media, introducing meaningless variety, using poorly designed display media, encoding quantitative data inaccurately, arranging the data poorly, highlighting important data ineffectively or not at all and cluttering the display with useless decoration. Scalable Systems can help you to build a dynamic, effective dashboard that is easy to comprehend and helps in decision making processes.

Scorecard is a visual presentation that can be used to monitor organization performance against strategic goals. Balanced scorecards have become not only popular within companies both large and small, they have become essential to measuring and managing the “what’s and how`s” of business. Having a basic understanding of the four components for balanced scorecards is the first step in establishing your balanced scorecard strategy for your organization.

Operating without a balanced scorecard is like driving your car with your rear view mirror. In order to provide a management system that was better at dealing with today's pace of business, and to provide business managers with the information they needed, a balanced scorecard strategy became a must. Four components that define a balanced scorecard are:

Customer scorecard: Measures your customer's satisfaction and their performance
   requirements
Financial scorecard: Tracks your financial requirements and performance
Internal Business Process scorecard: Measures your critical-to-customer process
   requirements and measures
Knowledge, Education, and Growth scorecard: Focuses on how you train and educate your
   employees, gain and capture your knowledge, and how you use it to maintain a competitive
   edge within your markets

Planning and Forecasting

Formal strategic planning calls for an explicit written process for determining the firm's long-range objectives, the generation of alternative strategies for achieving these objectives, the evaluation of these strategies and a systematic procedure for monitoring results. Each of these steps of the planning process should be accompanied by an explicit procedure for gaining commitment. Forecasting methods are explicit procedures for translating information about the environment and the company's proposed strategy into statements about future results. Budgeting, Planning and Forecasting are important success parameters for long term sustainable and continued success of an organization. Scalable Systems can help in budgeting, planning and forecasting initiatives by configuring and customizing leading BI tools available in the market or by developing custom solutions based on the requirement.

Scalable Systems Enterprise Performance Management solutions offer

Implementation enterprise performance management strategy and best practices
Customize and develop Dashboards and Scorecards using leading BI tools
Customize and develop planning, forecasting applications using leading BI tools
Design, Develop and Maintain custom dynamic Dashboards, Scorecards using Microsoft and open source technology
Design, Develop and Maintain custom planning, forecasting applications using Microsoft and open source technology