How Business Performance Software Can Improve Your Operations

Business Performance Software (BPS) is used to consolidate and analyze an organization’s raw data into one reporting system. The goal of BPS is to help leaders review business performance, make more informed decisions to move the business forward, and react appropriately to metrics below target.  BPS accomplishes this by linking underperforming metrics to corrective actions.  In turn, this elevates employee engagement,  and creates shared accountability.

If you utilize spreadsheets or other data reporting systems in lieu of Business Process Software, you may encounter these typical problems.

• Error-prone. Research shows that 20 to 40 percent of all spreadsheets contain errors, and as they become more complex, error rates multiply.

• Lack of Accountability and Ownership of Data.  Time will be wasted in meetings arguing over the validity of data and who is supposed to report on specific metrics.

• Time-consuming and labor-intensive to set up and maintain. Establishing a company-wide model, creating organizational plans, distributing and collecting information from different managers, consolidating multiple spreadsheets, and debugging broken macros and formulas becomes cumbersome.

• Passive report versus Active Strategy Positioning tool.  The data report is not meaningful and viewed as a paperwork exercise that few people review.

If you want to bring focus to your operations, create a culture of accountability, and identify what works and what needs improvement, schedule your free demo of Visuant® Business Performance Software today.