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BPM Central Newsletter brought to you by BPM Partners, Inc.
December 2003 
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The World of BPM is constantly changing and BPM Partners wants to keep you informed. This newsletter brings together the latest news and commentary related to Business Performance Management.
BPM News and Views
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  • New Look, New Services
  • Excellence in Finance - Performance Management
  • How NOT to Buy an OLAP/BPM Product
  • How to Move Beyond Budgeting
  • See it Now: Dashboards and Scorecards

  • Excellence in Finance - Performance Management
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    What Finance Must Do to Move the Needle
    This CFO Conference will be held at the Plaza Hotel in New York from February 8 - 10, 2004 . Craig Schiff of BPM Partners will participate in a panel discussion on the Challenges of Performance Management. Also speaking will be Robert Kaplan of the Balanced Scorecard Collaborative, John Hagerty of AMR Research, and CFOs from leading organizations.

    Learn More or Register »

    How NOT to Buy an OLAP/BPM Product
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    The consequences of picking the wrong tool can be quite severe: At worst, the project will be a complete failure, with all the software and services costs written off, and the loss of the hoped-for business benefits. The total losses could be in the millions . More typically, some vestige of the project will survive, so that the culprits can claim it as a "success" and quietly move on to other things. But the scope will be reduced, the deployment minimal and the benefits illusory . Such projects are all too common, and are in some ways worse than the first category, because there is less incentive to replace the failed system, and so the potential business benefits are lost for even longer. Some projects have grand ambitions for enterprise deployment, but never make it beyond the first departmental application . Read what not to do in your search for a BPM solution.

    Read the article »

    How to Move Beyond Budgeting
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    Research has found that the traditional budgeting practice is the root cause of many organizations' current problems. These businesses need to replace their budgeting process with management tools that offer continuous planning and adaptive control. Budgets and the command-and-control structure that supports them should be replaced by lean, adaptive, and ethical processes operated by front-line workers.

    Read the article »

    See it Now: Dashboards and Scorecards
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    New budgeting-and-planning software offers increasingly sophisticated visual aids: dashboards and scorecards. The dashboards are selling, too. According to a June survey of 100 companies conducted by AMR Research, nearly 50 percent of respondents said they will (or plan to) roll out dashboards in the coming months.

    Read the article »

     

    New Look, New Services

    Same seasoned team, same low-cost/high-value service philosophy. The new logo and redesigned website should make it easier for you to find us and find what you need. These two new services should make it easier for you to get started with BPM:

    BPM Audit and Roadmap Workshop - evaluate where you are, learn where BPM can take you, see how to get there. This intensive 2-day onsite workshop will provide you with everything you need to get your BPM project off the ground and moving in the right direction.

    Requirements Collection and Analysis - gather stakeholder needs, test for feasibility, identify missed BPM benefits, review existing systems and identify the gaps. This customizable package assists you with what is often the toughest part of a BPM project - determining the strategic goals, business drivers, key stakeholders, and the requirements and metrics that flow out of those decisions.

    See the New Look and Service Details

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    . Quick Links...

    Beyond the Hype 2004 Webcast - unbiased review of vendors and trends in BPM: January 8th.

    BPM Benefits pt. III - brief case studies of real benefits achieved - this month Applix TM1 and Cognos

    Vendor Selection Value Pack - the right way to buy a BPM product

    BPM Central - vendor listings, articles, research links

    Whitepapers - Survey Results; Vendor Review

    Industry Expert Dashboards - preloaded with industry specific best practice metrics, just customize with your unique company metrics

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