EDITOR'S COMMENTS
12th March 2010
Judging by the news flow this week the performance management market is really hotting up. Sometimes called, CPM, BPM or EPM, the term “performance management” usually refers to a combination of financial reporting, budgeting, planning, forecasting and reporting. So why have all of this week’s leading news pieces come from this segment of the market?
When we were in the depths of recession last year, it was noticeable how companies turned their attention to financial forecasting. The frequency of forecasting started to increase as companies sought to get a better (more frequent and accurate) handle on performance and deeper insights into what was happening on the ground. The difficulties of the credit crunch cruelly exposed the inadequacies of spreadsheets for planning and so many companies invested what meager budgets they had at their disposal in better forecasting systems. But as we climb out of the recession in many regions of the world what does the continued investment in performance management systems tell us?
Hopefully, it means that some of the lessons of the past have been learned and that the idea of continuous performance monitoring and forecasting is beginning to gain traction – except now we are planning for a recovery. Long may it continue!
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K3 buys DigiMIS to grow managed services
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COA Solutions to cut budgeting process by up to one month each year for Treloar Trust
The Treloar Trust, a l charity which provides education, care and medical support to young people with...
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Tagetik 3.0 chosen by Mayr-Melnhof Holz Group for planning, consolidation and reporting
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Where is the so called War for Talent now?
In the late 1990’s McKinsey & Co introduced the term War for Talent. At the time the global...
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LATEST FEATURE - human resources
Where is the so called War for Talent now?
15th March 2010
In the late 1990’s McKinsey & Co introduced the term War for Talent. At the time the global economy was ‘burning white hot’ and internationally companies were scrambling to hire and retain the people they needed, then the bubble burst and the economy took a nose dive so do we still need to worry about the War for Talent? Delia Goldring FSN contributing writer, visiting Professor in HRM at Middlesex University and Director Performance Options, suggests that HR strategy and processes needs to change direction if companies are to retain talent coming out of the recession.
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Tagetik 3.0 chosen by Mayr-Melnhof Holz Group for planning, consolidation and reportingFinancial Reporting
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K3 buys DigiMIS to grow managed servicesMid-Range Accounting
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