Increasing global competition, an intensifying regulatory environment and growing cost pressures mean that businesses facing more fierce challenges than ever. The successful organisations will be the ones that create a strong strategic focus to drive performance and align resources organisation-wide to facilitate strategic execution.
Cost and performance management is the key to realising your strategy. We will work with you to translate your strategy into a meaningful framework of metrics (Key Performance Indicators, KPIs) to effectively manage and measure the achievement of your strategy. This will enable you to have the right information at the right time so you can measure and track your progress. You will be able to analyse past performance, to identify patterns, trends and dependencies, to report on performance and to perform predictive modelling.
Based on our experience with various clients, we have developed an integrated Cost & Performance Management Framework as shown below:
This framework is divided into several areas to help you solve the issues currently facing your business. Our experienced team provides the following key services:
We will help you to define a suite of metrics and reporting to ensure your key decision makers have the right information at the right time. We can support you from the development of your strategy through to definition of measurable checkpoints and measures along the way. We will also help you to set up a reporting infrastructure to improve access to information. For large organisations, this usually involves some sort of enabling IT, such a Business Intelligence (BI) tool, and linking your existing systems to feed through data automatically. We have experience of working with the key BI tools, and can help you to compare and come to a decision about the right tool for your business.