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Combining metrics, benchmarks, and processes, effective corporate performance management drives an enterprise to operational and financial effectiveness. To this end, corporate performance management should provide the business with an always current “time-based report card” that describes historic performance (how the business reached its present levels of performance), current performance (how the business is doing now), and expected performance (how the business is expected to perform moving forward). Corporate performance management should also drive the business to take action that optimizes the performance of the organization as a whole rather than lead to local optimizations at the departmental level. Sterna addresses corporate performance management on multiple fronts. Firstly, Sterna Business Positioning System™ (BPS) uniquely merges strategic, operationaland predictive analyticsinto a single corporate performance management software solution. All performance metrics are calculated relative to time, enabling the user to analyze past, present, and future operational and financial performance at the drag of the mouse. A further unique aspect of Sterna’s corporate performance management capabilities deals with business dependencies. Business dependencies define how every business community within the organization impacts and is impacted by other business communities. Sterna BPS defines and manages a Business Dependency Network that reflects the business interdependencies within the organization. When action is taken in one business community of the organization, its financial impact is immediately calculated and propagated in the network and exposed to interdependent business communities. This ensures that the entire organization is centrally aligned at all times, and that performance management is achieved at the holistic level of the business. Finally, utilizing the powerful Money Surface™ technology, Sterna BPS advances corporate performance management to performance optimization. Managers use the Money Surface™ as a “performance management GPS” to understand when and where action needs to be taken, what form it should take, and what its financial impact will be. Managers can instantly understand which operational areas of their business are exceeding financial targets and those that are incurring losses, with a clear call for corrective action.
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