Business intelligence vendor Cognos will today (22 April) announce
its new Corporate Performance Management Framework designed to
align enterprise business strategy with execution.
The Corporate Performance Management (CPM) framework is designed as
a comprehensive business intelligence (BI) solution to enable
management of planning, budgeting, reporting, analysis and
scorecarding, Rob Rose, vice-president of corporate strategy and
business development at Cognos, said.
While many vendors may offer isolated components of CPM, these
components often are not linked with performance management, Rose
said.
"Companies are looking to have a top-down performance
management-based approach," he said. "When I link BI to the
planning process, the plan is linked to how the business is
currently doing and how you want to move forward. Now, I have a
clear idea of the investment I'm making in my performance, the
results of the performance, and I can always compare against
plan."
Cognos has already shipped a new finance product line featuring
planning and budgeting modules that are integrated into the BI
framework, Rose said. In addition, future products will be moulded
to be able to model and manage key performance indicators as
opposed to just presenting a scorecard, Rose added.
In addition, the company recently bolstered its ability to help
customers enable their enterprises for CPM with the announcement
that it had been selected as a global vendor to provide core BI
tools for PricewaterhouseCoopers' iAnalytics solution, according to
company officials. The partnership will combine PwC's experience
with applied analytics with Cognos' BI capabilities.
Enterprises will start to embrace CPM this year by combining BI
infrastructure and applications, said Nigel Rayner, an analyst with
Gartner. Enterprises that effectively deploy CPM solutions will
outperform their industry peers, he added.