Start: Q 1/2 2023
Publication: September 2023
Region: Global
Better decisions in an increasingly complex and volatile world require better data and insights distilled through compelling analyses, based on elaborate plans and scenarios. Truly unified performance management supports decision-making by delivering trusted information quicker – an important factor in outmaneuvering the competition.
Many companies know that better decisions require connecting planning, financial consolidation, BI and analytics. However, most companies face daunting challenges, from manual and error-prone data integration to isolated and overly guarded data silos and software simply not equipped to tackle the overwhelming challenges of performance management.
This study examines strategies to unify performance management in organizations and the current status of these efforts. It will show how successful companies unify their performance management, the challenges they face and the goals they pursue. In turn, the study will glean insights on the most promising approaches and make recommendations to improve performance management.
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Key questions:
- What strategies are organizations adopting to unify performance management and how far have they come?
- What goals are they pursuing, and what challenges do they encounter during implementation? What marks out the most successful companies in this endeavor?
- Which performance management processes have the greatest potential for improvement?
- What tools are used to cover the various areas of performance management and how are they connected to each other to deliver a unified experience?