Over on CapGemini's CTO blog by Andy Mulholland, we've been having a good conversation around business intelligence. The question came up as to what's a clear list of tools that comprise Enterprise Performance Management, here's our take.
The list includes:
1. What do we want to happen in the business?
- Financial modeling & scenario planning (eg: Enterprise Planning)
- Strategic Finance (like the old Alcar product)
- Operational modeling (like ABC, ABM)
- Scorecards, strategy maps
2. How do we want it to happen?
- Enterprise budgeting, planning & forecasting
- Workforce/Rescource planning, project planning, capEx planning
- Operational Planning (Eg: Interlace)
3. What actually happened in the business?
- Financial reporting
- Operational reporting
- Management reporting
- Statutory consolidation & reporting
- Dashboards, Scorecards
4. Why did it happen?
- Financial & operational analytics
- profitability analytics
- predictive analytics
And then a way to bring the data & relationships together in a meaningful way:
- Master Data management
- Data Quality management
We use these 4 areas in our Strategy to Execution management operating system model. The model includes those technologies as well as processes and roles for each area. Have a look at our whitepaper.
We have a number of other resources on this topic on our website and our blog, and we also put together a generic 'information architecture' based on how some companies who have embraced these ideas are proceeding. See: http://businessfoundation.typepad.com/bf_blog/2008/11/world-class-information-architecture.html