Effective Corporate Performance Management can help organizations undergo innovative transformations that allow them to better-adapt to changing market conditions and set & monitor key performance indicators (KPIs). Some KPIs include return on investment, operational costs, revenue and overhead.

In the case of online businesses, Corporate Performance Management includes additional factors such as server-load, network, traffic, page views and transactions per second. Birlasoft provides robust Corporate Performance Management solutions enabling organizations to effectively track project & business performance relative to organizational goals and strategies, facilitating improved decision-making and visibility.

Client Challenges

Typical challenges faced by organizations include:

• Identifying corporate-wide strategy and mapping into tangible action items with clear accountability of individual owners
• Analysis of financial and operational planning drivers and deviation of actual vs. plan
• Financial consolidation for organizations having multi-geography operations, multi-entity structures and multi-currency transactions
• Defining, tracking and controlling profitability models with respect to business units, products or services, regions etc.

What Birlasoft Provides

A Corporate Performance Management application generally includes the following:

• Budgeting, Planning & Forecasting (BP&F)
• Strategy Planning, profitability modelling and optimization
• Financial consolidation
• Financial management reporting and statutory reporting
• Balanced scorecards

Birlasoft’s offerings for Corporate Performance Management include:

• Onsite consultancy with inputs from key stakeholders in finance, operations, IT and executive management to understand strategy, as-is process and as-is technology landscape. We provide a CPM roadmap covering to-be process, technology evaluation and selection consulting along with multi-generation program plan
• Turnkey projects, which include end-to-end implementation of a CPM solution like financial analysis, planning, consolidation, etc.
• Migration services that help customers migrate from spreadsheet and/or legacy applications to industry-standard applications like Hyperion, Cognos, BusinessObjects, etc. We provide upgrade services to help customers upgrade to a newer version and move towards a better & more-robust platform
• Application and infrastructure support services for the entire CPM & BI applications with SLA driven delivery. The coverage can be 8x5, 16x5, 24x7 or customized as per specific requirements of the customer
• A managed service model where we optimize our team towards handling operations, minor enhancements and undertake projects. Managed services team works as an extended virtual team for the client.
• A system review and advisory service, which undertakes study, analysis of existing processes, systems and advises client with gaps identified during the study and how those can be addressed

Business Value

Some key business benefits attained by organizations include:

• Better insight into operations through well-defined & developed financial & operational reporting systems
• Rigor, accuracy and transparency in business processes like BP&F, financial reporting etc.
• Better understanding and tracking of corporate profitability
• Better governance and accountability towards achievement of strategic vision and objectives by creating strategy maps and inter-linked KPIs