With a plethora of blogs available on financial performance management and reporting, or FPM, it should be much easier to see the exact benefits that an automated system has for your organisation.
Much of what is shared, however, is a tribute to the FPM software involved, not a comprehensive breakdown of the facts and benefits.
Over the next six months, Cortell will be looking at the real-life implications of implementing Business Performance Management solutions in your organisation. Knowing exactly what it entails, how it is implemented, and what changes you can expect to see in your organisation once the solution goes live will give you a better understanding of what is required, and how you can prepare your organisation for the change.
The cycle below will be broken down in terms of your organisation, your employees, and cost-benefits:
Our Real-Life FPM topics will include:
Manual processes, the changeover to automation, and where the upgrade starts.
Where your staff spend time, and how to optimise efficiency through automation of the slog-work.
Investor responses to human error, and how to mitigate these problems.
How we do it: The roll-out flowchart.
Cost vs. benefit: establishing the best way forward for your business.
The importance of customer input in the final solution
Changing your organisational outlook, one employee at a time.
These topics do not centre on the software required to execute the plan, but rather on the end-product and final solution.
If you have queries about Financial Performance Management that you would like us to cover in this series, let us know by emailing email@example.com
Words by Alison Krumm