Process owners are responsible for the use of resources and the provision of services in the processes. In order to assume this responsibility and to continuously monitor and increase the performance of the processes, it is necessary to have active performance measurement 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 & controlling, in order to achieve the goal of sustainable improvements in performance. FAS AG will support you in the implementation of tools and processes for the collection of the latest key performance indicators and their evaluation so that you always have an eye on the performance of your company.
The Sustainable Interweaving of Measures is Decisive for Expedient Performance Management
In order for your company to position itself and adapt optimally in an increasingly complex market and corporate environment, it is necessary to satisfy numerous conditions. Our many years of experience have shown that a holistic and integrative approach covering the following dimensions is necessary:
Make your Corporate Strategy Operational
In order to make the corporate strategy operational, the focus must be on deriving comprehensible controlling models from the overarching corporate goals. For this purpose, clearly defined KPIs must be derived from the corporate goals and functional reporting must be established. This includes, among other things, the implementation of deviation analyses, benchmarking procedures and the development of targeted forecasting.
Anchor your Corporate Goals in the Organization
Employees and their corporate culture must be supported by a strong organizational structure in order to anchor corporate goals. This includes clearly defined roles and responsibilities, but also the development of soft skills and technical capabilities including new profiles, for example the use of data analysts in the finance department. The finance department is expected to have a clear understanding of its role as a business partner. Target-oriented remuneration systems can anchor the corporate strategy in the organization over the long term and permanently promote employee motivation.
Rely on Integrated Processes and the Use of Disruptive Technologies to Boost Efficiency
The use of disruptive technologies such as SAP S/4 HANA, Big Data and Business Intelligence systems enables new approaches in controlling, reporting, planning and forecasting. If processes and application systems are designed efficiently and flexibly, sustainable leaps in efficiency are possible. Meaningful compromises between standard and client-specific developments have to be weighed and found.
With FAS AG to Holistic Corporate Performance Management and Sustainable Success for your Company
We understand corporate performance management to be 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 setting up integrated performance management and the introduction of holistic controlling and financial IT concepts. The transparency, efficiency and functionality achieved will let you carry out your business activities in a future-oriented and effective manner.
If you are interested or have any questions, pleasecontact us.