Process owners are responsible for the use of resources and the performance of processes. In order to fulfill this responsibility and continuously monitor and improve the performance of the processes, active performance measurement is required as part of professional performance management. Performance management is a holistic approach that combines all strategic financial processes, such as planning & forecasting and management reporting & control, in order to achieve the goal of sustainable performance improvements. WTS Advisory supports you in the implementation of tools and processes for collecting and evaluating the latest key figures to ensure that you always have an overview of your company's performance.
In order for your company to position and adapt optimally in an increasingly complex market and business environment, there are many requirements that need to be satisfied. Our many years of experience show that a holistic and integrative approach across the following dimensions is necessary:
In order to make the corporate strategy operationalizable, the focus must be on deriving comprehensible management models from the overarching corporate goals. This requires, among other things, the derivation of clearly defined KPIs from the corporate objectives and the establishment of a functional reporting system. This includes the implementation of deviation analyses, benchmarking procedures and the development of target-oriented forecasting.
In order to anchor the company's goals, employees and your corporate culture must be supported by a strong organizational structure. This includes clearly defined roles and responsibilities, but also the development of soft skills and technical capabilities, including new profiles, such as the use of data analysts in the finance department. The finance organization is expected to have a clear understanding of its role as a business partner. Targeted remuneration systems can anchor the corporate strategy in the organization in the long term and promote employee motivation in the long term.
The use of disruptive technologies such as SAP S/4 HANA, big data and business intelligence systems enable new approaches in controlling, reporting, planning and forecasting. If processes and application systems are designed efficiently and flexibly, sustainable leaps in efficiency are possible. Sensible compromises between standard and customer-specific developments must be weighed against each other.
We view corporate performance management as an integrated process for defining, measuring and tracking your individual performance targets and the sustainable operationalization of your corporate strategy. We are happy to support you with our many years of experience in the development of integrated performance management and the introduction of holistic management and financial IT concepts. The transparency, efficiency and functionality you achieve will enable you to carry out your business activities effectively and in a future-oriented manner.
Please do not hesitate to contact us if you are interested or have any questions.
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