The system provides many of the requirements for corporate governance. The system provides a standard consolidated view of the performance of the organisation against the business plan, provides a mechanism for achievement of business plan objectives, measures performance against target for KPI’s and establishes a process for issue and risk identification and corrective action.

The system can used also be used for measurement of many other initiatives or projects within an organisation such as specific sales and marketing campaigns, business restructuring and reorganisations, system implementations, construction projects, etc.

Objective setting

• Cascade business plan objectives to subsidiary, division, department level
• Assign initiatives, activities and tasks for the achievement of those objectives
• Establish KPI’s relevant to each business plan objective and related activities

KPI measurement

• Single system for measurement and consolidation of KPI’s
• Establish threshold and tolerance levels for performance monitoring
• Use Red/Amber/Green status for reporting of performance against plan
• Ability to establish mandatory KPI’s for each level of the organisation
• Graphical presentation of performance against target

Consolidated reporting

• Consolidated reporting for up to four levels of organisational hierarchy; e.g group, company, business division, department
• Automatic consolidation of KPI’s at each level

Business review and commentary

• Review and commentary with a consistent structure including observations, issues, risks and actions to address variances and risks
• Review and commentary at each level of the organisation

Balanced scorecard approach

• Balanced scorecard approach can be used to measure objective achievement and KPI performance
• Ability to organise and report objectives and KPI’s by each of the four balanced scorecard perspectives

Implementation and integration

• Implementation is rapid and the system can operate on a stand-alone basis or integrated with other applications within the enterprise. Data capture and input can be manual or automated from other applications within the business.
• Hierarchy, data model, parameters, thresholds, etc are defined for each organisatio

Benefits

• Single view of business performance in a consolidated and consistent format that can easily be reviewed and understood at any level within the organisation
• Provides a framework to facilitate compliance with the ever-increasing level of regulatory and corporate governance requirements
• Provides a mechanism for the identification of variances and issues, the resultant risks to the business and the actions taken to address those risks
• Simple and quick to implement; stand-alone or integrated approach can be adopted.
• Management time can be spent reviewing and taking action rather than collating information