Solutions

In today’s turbulent times, managing and organisation’s financial performance is no longer straightforward. Trying to keep performance on track with the annual operating plan and budget is no longer adequate as those plans are frequently out of date before they are even completed.

Managers need to be constantly alert to early warning signs of issues and opportunities. They must be agile in formulating and implementing strategic and tactical responses if they are to navigate toward sgoals they have set for themselves and promised to their stakeholders.

This means they need to

• increase the speed, quality and accuracy of the decisions made
• become more agile at planning and forecasting so that resources are quickly adjusted to meet new levels of demand
• tightly align resources with strategy, both up and down as well as across the organisation, so that excess capacity is quickly identified and optimised

Many organisations have moved to event driven performance management where

• possible scenarios are quickly assessed
• new strategies are communicated
• plans and budgets are developed rapidly so that resources can be realigned with new objectives
• rolling re-forecast are available on demand
• cost and profitability management become embedded across the organisation
• poorly performing processes can be modelled and improved

Achieving this vision means

• unifying traditional methodologies, metrics and processes in new ways
• moving from todays over-reliance on spread sheets and stand alone business intelligence tools towards truly integrated suites of intelligent applications
• integrating a strong operational perspective alongside a more traditional financial perspective
• incorporating an activity based view of costs to show exactly where resources are consumed, profit generated and the more accurate unit costs  of performance metrics

Phase 1 – RapidStart: Top level scorecard, manual data entry, deployed via html 5 or the iPad apps, Go-Live.
Phase 2 – Automation of the KPIs: This phase is not included in the RapidStart…As a rule of thumb, Automation of the KPIs could take 1-2 days per KPI and is solely dependant on the source data of the KPI’s.