We previously discussed how BI and analytics are but several components of a sound corporate performance management (CPM) initiative. However, what are some of the considerations in deploying a successful CPM solution? From license cost standpoint, BI & Analytics solutions are more affordable then CPM solutions, as they normally include fewer software components than the typical “enterprise” application and usually require minimal onsite resources. So as your organization’s needs evolve into a comprehensive CPM solution, the savings realized from your BI and Analytics investment will also assist in the acquisition of the right additional tools you may require, proving to be a better and more timely investment in the long run.
If you’ve deployed a CPM strategy, what tools comprise your core applications? What additional tools would provide you with the ideal solution?