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Corporate Performance Management (CPM): Key Trends in the Banking IndustryPublished by: TowerGroup Published: Dec. 26, 2005 - 9 Pages Table of Contents
AbstractThe global banking industry's seemingly relentless focus on self-improvement continues apace with its recent adoption of corporate performance management (CPM) solutions (also known as enterprise performance management, or EPM). Regardless of the label that any software vendor bestows for branding purposes, the goals of the solutions are the same: to facilitate improved decision making and to introduce greater transparency into the daily operations of an organization. A compelling benefit financial institutions gain from increasing operations transparency is the ability to ensure the linkage between strategic initiatives and daily activities. CPM solutions allow managers across an enterprise to view a consistent stream of daily performance data, albeit at varying degrees of granularity. And the imperative to increase operational transparency is more compelling than ever as regulators around the globe insist on more rigorous disclosure. CPM solutions allow financial organizations to meet two critical challenges. The solutions help address the compliance needs of banks, and they also enable timely decisions that can ensure the efficiency and improved performance demanded by Wall Street and global investors This TowerGroup Research Note focuses on the evolution of CPM in the banking industry.Get Full Details About This Report >> |
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