Corporate Performance Management

Data Analysis

The ever increasing amount of data being tracked and stored is leading some companies to information overload. This information is generally stored in separate databases, applications, and ERPs. CPM allows business users to consolidate data from disparate sources into a single location. With all your data is in one specially designed location, multi-dimensional analysis is possible. In addition, these tools are engineered to handle large amounts of data with speed and accuracy.

For example, a large company specializing in automotive service began using these tools to consolidate and analyze data from its 2500 stores. Data was then processed each night and arrived to company managers by 5:30am when they could review key performance data such as current revenue, average ticket price, time required for each job, revenue, profits and more. The CPM tool immediately promoted reporting efficiencies which resulted in better management performance.

The goal of CPM in data analysis is provide management with data that is relevant and accurate. Information contained in reports is often overly complex or outdated resulting in an under-utilization of information or use of inaccurate information as a result of long report-generation cycle time.