Today’s businesses face a common set of challenges in three critical areas of performance management.
First, despite requiring substantial resources, planning, budgeting and forecasting, processes are often not strategically aligned. Second, performance reporting processes are often fragmented and inflexible, and frequently produce irrelevant results. Third, performance measurement fails to effectively measure and incent the most valuable metrics.
Companies have tried to overcome these challenges with heavy investments in enterprise resource planning software and best-of-breed software applications, and these have helped in certain areas. Yet many businesses still do not make decisions based on a fully integrated view of performance which includes the drivers, the measurements and the overall shareholder value they create.
Deloitte’s Integrated performance management (IPM) approach does just what it says: it integrates the key processes, systems and tools required to plan, manage and measure performance while providing your business with end-to-end insight into what you’re doing, how you’re doing and what you should plan to do in the future.
Consolidate your approach to performance management
There are three key improvement areas within Deloitte’s IPM approach:
Improved performance management delivers clear benefits
Deloitte’s performance management solutions can help your organization by:
A sustainable, value-driven performance framework
With Deloitte’s proven methodologies, our proprietary value creation toolset and extensive cross-industry experience, we can help you implement a performance management framework that will not only improve performance, but make it measureable, sustainable and visible to investors and other key stakeholders.
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