2011 BPM Partners Annual Pulse Survey: Reporting Is Broken

STAMFORD, CT--(Marketwire - Aug 15, 2011) - BPM Partners, the leading independent authority on business performance management (BPM) solutions, today released results of the 2011 BPM Pulse survey. This year's theme is the "Quest for the Holy Grail of Performance Management."

The survey, now in its ninth year, includes input from hundreds of BPM end users from around the world and across all industries. The BPM Pulse identifies important trends in business performance management as well as specific end user perceptions of product vendors and service providers. Today's Holy Grail of business performance management must include:

1. The strategic aspect of BPM, including long-range planning/modeling, key performance measures or dashboards.
2. The financial aspect of BPM, including budgeting, forecasting, consolidation, and reporting.
3. The operational aspect which is performance analytics for each business unit/function. (Business intelligence functionality is often the primary component of the operational area.)

"We keep hearing 'reporting is broken' which is surprising considering how much effort has been dedicated to address this business challenge," said Craig Schiff, CEO, BPM Partners. "Companies are turning to BPM solutions looking for answers to their management reporting and woes. Easier access to information is one of the most commonly cited benefits of BPM implementations."

-- Continuous Planning is a By-product of the Industry's Direction and Top Trend --

Reporting is one of the top three components companies look for in their BPM implementation. And, by far the largest group of respondents to the Pulse survey chose 'improve management reporting' as their primary driver for BPM implementations.

"With management reporting, improving the bottom line and enhanced planning being cited as the top business capabilities, it is no wonder that continuous planning and rolling forecasts are on the rise. Many companies are looking to replace the old system of inflexible annual budgets and forecasts with more elastic options," explained Schiff. "Continuous planning and rolling forecasts require easy access to information and support improved business results."

For a free summary report, visit: http://www.bpmpartners.com/bpmcentral_whitepapers.shtml

About BPM Partners
BPM Partners is the leading independent authority on business performance management (BPM) and business intelligence solutions. The company helps organizations address their budgeting, planning, financial reporting, regulatory compliance, profitability optimization, key performance indicator (KPI) development, and operational performance challenges with vendor-neutral experts who can guide companies through their BPM initiatives from start to finish while both reducing risk and minimizing costs. BPM Partners has specialized packages that lead clients through project justification, requirements definition, vendor selection and deployment of departmental or enterprise-wide BPM or business intelligence (BI) systems. For further details, go to http://www.bpmpartners.com. Follow BPM Partners on Twitter @BPMTeam.