Senior finance managers and management accountants seeking to exploit the business potential of corporate performance management (CPM) and business intelligence (BI).
IT business analysts who have an interest in understanding what CPM and BI can do for their organisations.
Operational, sales, marketing and commercial managers who want an appreciation of the benefits that all industry sectors, including the public sector, can derive from a good implementation of CPM and BI.
Most organisations, regardless of their size, are data-rich. Often, however, the quality of their management information is merely adequate and the business insights generated are either poor or non-existent. This occurs in spite of the increasing dependency that organisations have on their IT systems and despite the massive effort and spend incurred.
Failure to deliver the business insights needed to inform management decision-making can rapidly erode competitive advantage. Such insights are no longer a helpful resource, but are critical to the success of the organisation.
There are two main reasons why organisations struggle to gain competitive advantage and superior performance from the abundance of data that is now available to them:
- the over-emphasis on transactional systems and transactional analysis at the expense of understanding cause and effect
- the evolution of point solutions to meet specific management needs in isolation from each other.
Corporate performance management aims to create an holistic, integrated understanding of the business, with the opportunity for much greater insights into the performance of the business.
Business itelligence is a broad category of applications, technologies and methods for gathering and analysing data for the purpose of helping enterprise users make better business decisions.
9.00 Registration and coffee
- What corporate performance management and business intelligence are all about
- How to assess business needs and how to develop a route map by which to guide development of a CPM environment in your organisation
- Getting line managers and decision-makers to engage with the concepts that underpin CPM so that they become results-oriented and drive greater value and business insights in the organisation
- How the introduction of corporate performance management can transform the role of the finance function and position finance managers as business partners at the heart of management decision-making
- Some of the barriers to corporate performance management, and how to deal with them
- Case-study experience in the implementation of CPM and BI. Developing a business case for CPM and considering the next steps
5.00 Close of seminar
Morning coffee, a light lunch and afternoon tea are provided. This course is recommended by ICAEW.
THIS COURSE IS RUN BY CIMA MASTERCOURSES