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Managing businesses' performance

Companies face the same challenges today that they've always faced: How to make money, be profitable and set the right goals. How to grow market share. How to increase sales. How to invest in the future. While technology has brought business management a long way, it has also added to the complexity.

We have access to so much information that we're challenged to actually find the points that matter. Today, managing business takes more than a single technology. It takes a holistic view of the entire enterprise. Business performance management (BPM) is about providing a single view of your business, the clear insight companies need to drive financial and operational performance improvements. BPM is a full-business solution, with applications ranging from the call center to sales and marketing, budgeting, corporate consolidation, reporting and more. BPM is nothing less than the continuous cycle of goal setting, modeling, planning, monitoring, analyzing and reporting with information stored in the data warehouse.

While the benefits of embracing BPM vary from enterprise to enterprise, BPM drives cost savings, improved access to information and real empowerment of employees as the enterprise shares data from line managers up to the board of directors. However, if an enterprise doesn't have control of its data, it won't be able to adopt BPM. An enterprise data warehouse that enables one version of the data across the enterprise is imperative to adopting this dynamic business solution.

Rich Clayton, vice president of product marketing for Hyperion, the leading provider of BPM software, explores how BPM, combined with the Teradata Warehouse, has armed recognized companies with performance-accountable technologies. His online article—Enterprise business performance management—examines how companies pull their organizations in sync with one vision, track the right indicators, model various scenarios to be prepared for multiple outcomes and cultivate cultures of collaboration and high performance. With the right business intelligence platform running on top of the data warehouse, global companies are successfully using a complete BPM solution to achieve optimal performance—and stay ahead of their competition. T