A new way to manage performance
Aligning performance management with business and operating models achieves goals
Data is at the heart of performance management, and there is a need to adopt disruptive approaches, including analytics and predictive, to tackle new business challenges.
Performance management covers methods, indicators, processes and systems used to drive, measure and understand company performance. These processes ensure overall consistency.
The management of performance must meet three key objectives:
As steering issues are increasingly forceful, the implementation of a relevant and effective mechanism becomes a strategic element for the governance in line with the Group's strategy.
In that context, BearingPoint F&R teams provide skilled, agile and independent consultants using proven and new methodologies to address clients’ key challenges:
We define a performance management concept that provides benchmark and value-based performance indicators that are consistent, steering-relevant, future-oriented and prepared in the most cost efficient way based on a single point of truth (homogenous master data).
Performance management is improved by increasing effectiveness through increased controlling relevance, validity and flexibility as well as providing more efficiency by lowering the cost and time of planning and reporting processes.
The optimization of performance management is based on four dimensions:
We are experienced in the optimization of performance management models for many notable national and international companies spanning all industries.