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Why Corporate Performance Management Needs to Move Beyond Finance

This event requires the WebEx player. To download the player, please copy and paste http://support.webex.com/support/downloads.html into your browser. This event outlined the benefits of adding non-financial metrics to strategic plans and how finance executives can take a leadership role in bringing performance management to operations - including the supply chain, customer facing activities and human resources. Some topics that were covered included: That, in many successful organizations, financial metrics are only part of the puzzle- and overall performance of an organization needs to be measured by data that comes from outside of finance In a 2003 survey conducted by The Wharton School, only a fraction of Fortune 1000 companies surveyed had thought of correlating their non-financial measures with their financial results. But, those that did earned almost 3% higher return on assets and over 5% higher return on equity Enterprises that focus CPM initiatives primarily on financial processes and metrics will miss the opportunity to deliver the real vision of CPM CFO's are the perfect candidates to lead this charge; it's an ideal opportunity for finance to work with other senior executives (such as CMOs, COOs, and CIOs) to ensure their operational metrics and domain performance management initiatives map with overall corporate objectives Plus, hear real-world examples of companies that are successfully implementing corporate performance management beyond finance today.