Corporate performance management is garnering a lot of attention, as firms look to leverage technology to gain competitive advantage by focusing on critical financial and operational metrics.The standard guidance for success, such as top management sponsorship, end-user buy-in and careful scope definition, need no embellishment. This article offers some practical advice that can spell the difference between success and failure in a CPM implementation.
Unlike the implementation of an operational transactional system, CPM implementations have no hard and fast criteria for success. CPM encompasses planning and forecasting, analytical reporting, understanding historical trends, and anticipating problems and opportunities.
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