Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

BPM Partners Releases 2006 Performance Management Pulse Survey Results; Improved Satisfaction Ratings and New Functionality Indicate BPM is Ready for Prime Time.


STAMFORD, Conn. -- BPM Partners, the leading independent authority on business performance management (BPM) solutions, today released the 2006 BPM Pulse Survey, the industry's annual guide-at-a-glance to real world implementations and the only user report card on the BPM industry's vendors. This year's report shows that BPM is breaking out of the confines of the finance department and is starting to make inroads inroads
Noun, pl

make inroads into to start affecting or reducing: my gambling has made great inroads into my savings

inroads npl to make inroads into [+
 within functional departments in the rest of the organization.

"BPM is going mainstream; we had the largest percentage of non-finance respondents in the history of the Pulse survey," said Craig Schiff, founder 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.  of BPM Partners. "Part of the reason is that vendors are now successfully incorporating into their applications more end user driven enhancements. Meta data management, 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. , business task specific features, additional intelligence and vertical market functionality are more prevalent in competitive applications. An important point is that these enhancements in today's applications make it easier to deploy and use these systems than in the past."

"Also, the pain that used to be associated with being a BPM pioneer is lessening. Vendor satisfaction scores are up across the board. Users are achieving greater satisfaction and vendors are helping them have more realistic expectations. Last year, only one vendor received a 4 or better (out of 5); this year several did. This is a positive trend; clients are achieving a higher degree of success with their BPM applications, and they are recognizing the vendors as a source for that improvement."

"However," Schiff cautioned, "users should not become complacent. The state of the market also complicates the selection process for those just starting out. There is a wider and deeper field of possibilities than ever before. Many of the vendors are achieving higher satisfaction scores because they have worked hard to identify their strengths and differentiators. Potential BPM customers need to make sure that their selection process is thorough and the vendor solutions on their short list provide the features they need to drive their specific business results."

The BPM Pulse presents feedback from actual BPM users in an easy-to-reference graphical report and serves as a benchmark for those considering, planning or starting a BPM project. Preliminary user satisfaction scores were recently presented as part of the annual "Beyond the Hype" Webcast in partnership with Business Finance Magazine. Free copies of the summary results, the listing of the top ranked vendors and analysis are available in a white paper entitled "2006 BPM Pulse Survey Results" which can be downloaded at http://www.bpmpartners.com/bpmcentral_whitepapers.shtml .

The 2006 BPM Pulse also identified several surprising trends, including:

--The rise of applications -- 33 percent of the respondents preferred an applications vendor, while 44 percent said their favorite BPM vendor offers both tools and applications. The tools-only vendors were the favorites of just 11 percent versus 2004 data which related how 27 percent planned on building their applications from tools or custom programming their own.

--Performance management as a true enterprise application - There are clear signs that organizations are recognizing the impact of BPM as a company-wide initiative. With a view towards synchronizing departmental applications to provide an integrated perspective, 75 percent of respondents rated metadata management as "important." In the same vein, 77 percent said that a unified solution, with a single database and interface, was important.

BPM - a growing software category with over 90 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. In today's fast moving business environment, it is vital that corporate executives understand the true performance of the business at any given point. Budgeting, planning, consolidation, scorecards, dashboards, certain business intelligence (BI) tools 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.

About BPM Partners

BPM Partners is the leading independent authority on BPM solutions and a founding member of the BPM Standards Group. BPM Partners' vendor-neutral consultants guide clients 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 vendor selection, evaluation and implementation 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), Business Objects (Nasdaq: BOBJ BOBJ Business Objects SA ), Cartesis, Cognos (Nasdaq: COGN), Geac (Nasdaq: GEAC; TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: GAC GAC Great American Country
GAC Global Assembly Cache (Microsoft .NET)
GAC Global Assembly Cache
GAC Granular Activated Carbon
GAC Gustavus Adolphus College (St.
), FRx Software (a Microsoft Company), Hyperion Solutions Hyperion Solutions Corporation is a business performance management software company, located in Santa Clara, California, USA. Many of its products are targeted at the Business Intelligence and Business performance management market.  (Nasdaq: HYSL), Longview Solutions, Oracle (Nasdaq: ORCL ORCL Oracle (stock symbol) ), OutlookSoft, SAP (NYSE NYSE

See: New York Stock Exchange
: SAP), SAS Institute, Systems Union (LSE LSE - Language Sensitive Editor : SUG n. 1. A kind of worm or larva. .L), and others. Go to www.bpmpartners.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 1, 2006
Words:791
Previous Article:Industry's Best Communications Technology Companies, Products and Services to Be Honored at GLOBALCOMM 2006.
Next Article:News From USW: DuPont Contaminated James River with ''Likely'' Carcinogen; PFOA Public Officials and Employees Kept in the Dark.
Topics:



Related Articles
Performance measures go beyond financials.
Performance management: enabling smarter business; BPM solutions involve a closed-loop planning process that synchronizes modeling, measurement,...
BPM Partners Opens 2006 BPM Industry Survey; Authority on Real World Business Performance Management Implementations Launches Annual Survey.
BPM Partners Tops 100th Client Engagement as Business Performance Management Market Expands; New Client Engagements, Returning Customers and...
BPM Partners Opens Influential 2007 BPM Pulse Survey.
BPM Partners: What End Users Must Know about Business Performance Management 2.0.
BPM Partners' Beyond the Hype Webcast Sneak Peek: Nearly 70 Percent of Business Performance Management Projects Are Part of Corporate Standardization...
When will a BPM 'tipping point' accelerate its use? Apart from the very largest multinationals, use of sophisticated business performance management...
BPM Partners Survey Ranks SAS Highly for Performance Management.
BPM Partners and OLAP Report Form Alliance to Deliver Objective Research on Business Performance Management (BPM) and Business Intelligence (BI)...

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles