Thursday, December 31, 2009 | Modified Friday, January 22, 2010 20:58 Pacific/Honolulu
TechKnote #0601003
Performance Management: An Introduction
by Donny C. Shimamoto, CPA.CITP
Performance management is an organization-level program, normally focused on one or more of the following activities: budgeting, planning, forecasting, reporting, process control and system controls. CFO.com also defines it as a “set of processes, metrics, methodologies, and software tools that allow an organization to forecast, measure, and react to various business drivers and performance indicators – all in service of its overall business strategy.”
Thursday, December 31, 2009 | Modified Friday, February 12, 2010 15:03 Pacific/Honolulu
TechKnote #0601001
Performance Management: Start with Budgeting
by Donny C. Shimamoto, CPA.CITP
The most familiar business performance management (BPM) program for a CFO to implement is budgeting. Many organizations already have a set of spreadsheets that are used to support the budgeting and reporting process. These spreadsheets are often passed around by e-mail or via the file server and can sometimes get changed to the point where you need to spend hours relinking all of them together once the budgeting process is done.
Thursday, December 31, 2009 | Modified Friday, February 12, 2010 15:03 Pacific/Honolulu
TechKnote #0601002
Performance Management: Powerful Reporting
by Donny C. Shimamoto, CPA.CITP
Reporting is one of the key responsibilities of a CFO. Whether it’s the end of the month or ad-hoc analyses, business units rely upon the services of the CFO and the Finance department to provide them with quick and accurate financial reports and managerial analyses. This is why reporting is often one of the first projects undertaken in a business performance management (BPM) initiative.