Technology
"Performance management focuses on understanding, optimizing, and aligning action and decisions and ensuring the collaboration and empowerment of all individuals across the business network." Ventana Research
The SymphonyRPM platform consists of four critical components for building enterprise class performance management solutions:
- RPM Application Framework
- RPM Services API
- RPM Analytic Server
- RPM Data Management
The Challenge
Today’s business environment requires a change from traditional siloed approaches to performance management. To remain competitive and agile, companies need to respond to changes as they occur by adjusting operational activities to fit their constantly changing business environment. No longer is it acceptable to approach performance management optimization with a patchwork of disparate tools resulting in widespread latency and inefficiencies. Experts agree that effective performance management requires a completely integrated, collaborative and closed-loop solution composed of the following functions:
- Plan – the ability to leverage and consolidate forecast and planning data from the source to create a single holistic view of business goals and objectives
- Model – an environment capable of modeling complex business processes
- Analyze – the ability to analyze and monitor planning and operational activities closely, while making adjustments in real-time
- Collaborate – enable joint-cross functional problem solving and issue resolution
- Execute – provide decision workflows with links back to the operational environments to close the performance management loop
The Solution
The SymphonyRPM platform provides unique capabilities for rapid performance management and decision processing, including real-time visibility into expected business performance, probing root cause and what-if analysis. Workflow and process capabilities help to automate the end-to-end process for fast execution. Whether you are a company looking to provide additional value to your customers or simply want to improve your own internal business performance, building performance management solutions with SymphonyRPM is the right choice. SymphonyRPM-based solutions enable managers at all levels of the company to make faster and higher-quality decisions. In contrast to traditional analytic approaches – SymphonyRPM-based solutions are focused on predictive analysis, rather than just reporting historical data.
The SymphonyRPM platform brings together for the first time all the required elements for building effective performance management solutions, such as:
- Dynamic rules-based modeling framework
- Iterative what-if scenario environment
- Robust collaborative Web-based analytic interface
- Real-time notification engine
- Powerful write-back to operational sources
SymphonyRPM Performance Management Platform:
The SymphonyRPM platform consists of four critical components for building enterprise class performance management solutions:
- RPM Application Framework
Closed loop web-architected performance management environment capable of delivering actionable business insight at the point of work
- RPM Services API
Comprehensive services oriented interface for extending the capabilities of the Analytic Server to the RPM Application Framework, 3rd party business intelligence or analytic tools
- RPM Analytic Server
Patented, robust and scalable rules-based modeling engine providing industry leading analytic functionality with unparalleled performance
- RPM Data Management
Provides access to a large population of heterogeneous sources in real-time or batch modes and incorporates dynamic translation of disparate data types and hierarchy levels for consistent modeling and analysis