Five Ideas: Management Excellence
Why today's businesses must place more focus on performance, planning and process.
October 2009
“Enterprise performance management is a critical requirement for organization. Oracle Enterprise Performance Management already enables rapid, accurate, and secure financial consolidation and reporting. With the addition of HyperRoll’s reporting acceleration technology, customers are expected to be able to execute a faster and more compliant financial close.”—Robert Gersten, senior vice president Oracle Product Development
“It’s critical to understand past performance in order to model and predict possible future performance. The [Chief Performance Officer] has to be accountable—not just for the results but for understanding and managing the cause and effect to get to those results... Business models have to change a lot faster, and people have to know a lot more about what’s going to happen. A CPO is somebody who gives an organization a heads-up on the future.”—Anthony Politano, senior practice director in Oracle Consulting Service
“Rebuilding trust is the key to ending the recession. Consumers must regain trust to buy houses and cars again, which will fuel the real economy and restore the financial system. The path to trust is transparency; which is exactly what organizations should invest in.”—Frank Buytendijk, Vice President, EPM
“This is the dilemma most organizations face today: how to both maintain a long-term leadership position, as well as manage today’s operations... Enterprise performance management reconciles this dilemma. Enterprise performance management helps streamline management processes, creating the smart, agile and aligned organization. It allows the close monitoring of performance, enables flexible planning and helps in re-establishing trust with stakeholders. At the same time, it drives insight in divestments and investments, and offers techniques that help in rethinking strategies.”—Oracle EPM's Frank Buytendijk, Nigel Youell, John O’Rourke
“Business school graduates across disciplines—whether finance, HR, marketing, or logistics—will find themselves far more competitive in the marketplace if they increase their understanding of BI tools and processes,. That includes data collection, data cleansing and alignment, data processing, analytics, planning, simulation, and reporting.”—Mark Conway, Director, EPM Alliances and Research at Oracle
