Friday, September 01, 2006

We are often asked to explain what  BPM is and why it is so important compared to a non-integrated, non-unified approach to business intelligence, reporting, analytics, planning etc.

 

It struck me on seeing the image of the flock of birds below, that one way to answer this was to use pictures. As they say, a picture paints a thousand words.

 

The point of all the images that we’ve chosen is that patterns and meanings can be found and relationships and collaborations possible within the whole.

 

Nature, fractals, tessellations and origami are all fine illustrations of order out of apparent chaos. And so to with BPM, an organisation can gain greater insights through the observation of structures, relationships and patterns of the whole enterprise.

 


Calumo software is a complete solution for business intelligence, planning, budgeting forecasting, financial consolidations, management reporting, olap reporting, retail analytics, predictive analytics, balanced scorecarding and dashboards across the enterprise. The Calumo Group provides comprehensive consulting, training and support services for BI solutions built on the Microsoft BI platform.

Fig 1: During spring in Denmark, flocks of more than a million European starlings gather in incredible formations such as shown above.


Calumo software is a complete solution for business intelligence, planning, budgeting forecasting, financial consolidations, management reporting, olap reporting, retail analytics, predictive analytics, balanced scorecarding and dashboards across the enterprise. The Calumo Group provides comprehensive consulting, training and support services for BI solutions built on the Microsoft BI platform.   

Fig 2: Origami tessellations take a simple crease pattern unit and repeat this across the paper. Example above by Alex Bateman (can you visualize the spiral pattern?).


Calumo software is a complete solution for business intelligence, planning, budgeting forecasting, financial consolidations, management reporting, olap reporting, retail analytics, predictive analytics, balanced scorecarding and dashboards across the enterprise. The Calumo Group provides comprehensive consulting, training and support services for BI solutions built on the Microsoft BI platform.

Fig 3: Horocycle 4 - Knots and dynamics - A collaboration between Jos Leys and Prof. Etienne Ghys (hmm, reminds me of fishing with my dad).


Business Intelligence and Performance Management home.

 Friday, August 25, 2006
In his book "Best Practices in Planning and Management Reporting: From Data to Decisions", David Axson contends that a best practice must meet six criteria:
 
  1. It must effect a measurable change in performance.
  2. It needs to be applicable to a broad spectrum of organizations.
  3. It should be proven in practice.
  4. It needs to exploit proven technologies.
  5. It must ensure an acceptable level of control and risk management.
  6. It has to match the skills and capabilities of the companies in which it is used.
 
Axson predicts that companys who adopt best practice can reduce the cost of the finance function:
 
Axson writes, "It is not unreasonable to project that as full adoption of established and emerging best practices increases, the overall average cost of finance could fall a further 50 percent by 2010."

Business Intelligence and Performance Management home.

 Friday, August 18, 2006
CFOs and CIOs face barriers to collecting, aggregating, and analyzing management information. The quality of management information drives a company's ability to respond to opportunities and threats.
 
Top-line findings in a recent research study by CFO Magazine and Deloitte concluded that most problems stemmed from disparate, non-integrated systems and processes.
 
Top 5 Symptoms ... Can you relate to these problems:
  1. Are you wrestling with poor information quality when making decisions?
  2. Do your finance and business users spend a lot of time developing special reports?
  3. Are you plagued with "multiple versions of the truth"?
  4. Are your decision makers buried in too much information, unable to derive useful insights?
  5. Is your Planning and budgeting information not realistic or is it outdated and has lost relevance relevance?
 
Achievers (those without the above symptoms) agreed ... Finance needs to take a leadership role and collaborate with IT to remedy information barriers
 
What they achieved:
  1. Better operating decisions faster.
  2. Improved annual planning decisions.
  3. Confidence in business process controls and reporting.
  4. Improved decisions on strategic direction
  5. Savings by reducing time users spend reworking information.
  6. Reduce cost of complying with regulation and mitigate enterprise risk.

Business Intelligence and Performance Management home.

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Our Blog is an opportunity to share our perspectives and experience on Business Performance Management. We hope you will enjoy our perspective on all things related to Business Performance Management (BPM).

Please stop by on a regular basis to see what's new, and please share your own opinions directly with us. We hope this Blog will provoke some interesting thoughts.

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