BPM Partners Opens Influential 2007 BPM Pulse Survey.Co New Survey Queries Industry on Performance Management 2.0 Hot Topics: Operational Analytics, Focused Financial Applications and Predictive Analytics Predictive analytics encompasses a variety of techniques from statistics and data mining that process current and historical data in order to make “predictions” about future events. Co STAMFORD, Conn. -- BPM Partners, the leading independent authority on business performance management (BPM) solutions, and the author of the Beyond the Hype(TM) series on the BPM industry, has opened the 2007 edition of the influential BPM Partners BPM Pulse(TM) Survey (http://www.bpmpartners.com/BPMSurveyCentral.shtml). This year's survey will focus on key aspects of Performance Management 2.0, and, as in previous years, ask end users for business-level feedback and assessment of established and emerging BPM vendors. The results of the study will provide vital information detailing the success or failure of real world BPM implementations which can be used as a guide by both vendors and end users to make sure they get BPM right. Participants who complete the survey will receive a free summary of the survey's results. "Previous BPM Pulse Surveys reveal a sizable number of companies have been successful with BPM," said Craig Schiff, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , BPM Partners. "These same companies are now extending core BPM systems See BPM. to critical new areas to further enhance their ability to make better informed decisions. This growth includes a focus on operational analysis and performance measurement, a deeper dive into critical areas of financial management and an attempt to be able to better anticipate future results combined with more vertical breadth." Summary Results from the 2006 BPM Pulse Survey The 2006 Pulse Survey (http://www.bpmpartners.com/bpmcentral_whitepapers.shtml) presented information and feedback from actual BPM users in today's forward-thinking enterprises in an easy-to-use graphical report. More than 500 financial, IT and corporate executives contributed to the project. Last year's results showed an increasing use of BPM outside of finance, an indicator of BPM going mainstream, and a general rising of vendor satisfaction rates. Other trends revealed included: * The majority of companies have started a performance management initiative - 83 percent of respondents either have an initiative in place or have plans for an initiative in the near future. One common reason cited for no plans is that they simply have other priorities. * The rise of applications - 77 percent of the respondents preferred either an applications vendor or one that offers both tools and applications. These survey results are used for BPM Partners annual "Beyond the Hype" series of articles, white papers and Webcasts that review and grade the BPM vendor community, providing implementers with an impartial, objective view of the marketplace. BPM - a growing software category with more than 100 vendors - is a combination of business processes, select measures (metrics, key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. ) and systems that enable an organization to understand, act on and influence its business performance. Budgeting, planning, consolidation, scorecards, dashboards, business intelligence (BI) and analytic applications Analytic Applications are a type of business application software, used to measure and improve the performance of business operations. More specifically, Analytic Applications are a type of Business Intelligence solution. all fall under the BPM umbrella. In addition, regulatory issues such as Sarbanes-Oxley, Basel II Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations , and IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System compliance are often business drivers for today's BPM applications. About BPM Partners BPM Partners is the leading independent authority on business performance management (BPM) solutions and a founding member of the BPM Standards Group. BPM Partners' vendor-neutral consultants guide companies through their BPM initiatives from start to finish, helping companies attain the maximum value from their business performance management initiatives. This is done through hands-on services that provide insight on how to collect and analyze the right information to address specific business goals. BPM Partners leads clients through requirements definition, vendor selection, and deployment of departmental or enterprise-wide BPM systems. By analyzing and then matching the client's requirements with the appropriate vendor, BPM Partners helps companies narrow the selection of vendors from a lengthy industry list that includes Applix (Nasdaq: APLX), Cartesis, Clarity Systems, Cognos (Nasdaq: COGN), Hyperion (Nasdaq: HYSL), Infor, Longview Solutions Longview is a Canadian software company with products for performance management including planning, consolidation, forecasting, budgeting, reporting and tax provisioning. In September of 2006 Longview acquired UK based Runservicenet in an effort to move towards an SOA architecture. , Microsoft (Nasdaq: MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), Oracle (Nasdaq: ORCL ORCL Oracle (stock symbol) ), OutlookSoft, SAP (NYSE NYSE See: New York Stock Exchange : SAP), SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. and others. For further details, go to www.bpmpartners.com. |
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