Performance Management

Components of Corporate Performance Management Software

Decisions are the basic units of management. Your business decisions rely on answers to fundamental questions:

• How are we doing—Get a gauge of the most critical metrics for your business.
• Why—Dig deeper on results, see what was expected, understand and learn from what led to the numbers.
• What should we be doing—Set plans, monitor them, and adapt.

Cognos delivers the capabilities necessary for better decisions and performance management—integrated planning and consolidation, scorecarding, and business intelligence.

With Business Intelligence, address performance problems such as:

• Meetings bog down in multiple versions and interpretations of the truth.
• You don't understand the "Why" behind business results.
• Information in reports arrives too late for action.

With Scorecarding, address performance problems such as:

• People don't understand how strategy translates into priorities.
• People lack the information to be held accountable because they can't measure how they are performing against targets.
• You base metrics on what can be measured, rather than what must be accomplished.

With Planning and Consolidation, address performance problems such as:

• Inflexible, time-consuming planning produces results that are not worth the effort.
• Financial and consolidation processes are circuitous, depend on too many manual interventions, and present significant control risk.
• Planning by Finance departments primarily means other departments aren't engaged effectively or don't buy-in.
• Performance targets are best-guesses rather than predictable, creating problems with the market and shareholders.