Tuesday, August 12, 2008

Business Objects announces the latest Enterprise Performance Management(EPM) version

Business Objects announced today, at the Business Objects Influencer Summit in Boston, the latest versions of its solutions for enterprise performance management (EPM).

SAP announced that Business Objects is the only vendor to offer both the vision and products that unite EPM, GRC and BI. Traditionally distinct disciplines, the combination of EPM, GRC and BI enables deeper visibility into unified information, greater context for collaborative decision making and better organizational alignment. For example, without a foundation of trustworthy and accurate business data, companies cannot effectively manage EPM processes such as financial consolidation. Similarly, the combination of GRC and EPM is critical to helping customers clearly understand potential risks to their business strategy.

“As EPM extends beyond finance to include operational performance and GRC, companies can make a significant step forward to manage their businesses more efficiently and within compliance requirements,” said Kathleen Wilhide, research director of Compliance and Performance Management, IDC. “Aligning risk and strategy management helps business users plan and execute corporate strategy within the context of managing risk. The comprehensive suite of EPM solutions offered by Business Objects –in conjunction with GRC and BI – gives companies the foundation for developing effective, far-reaching EPM strategies. This latest EPM release also shows that SAP is executing on the strategy it has outlined and is delivering its commitments.”

I think the trend is increasingly the BI, PM and GRC products working together to allow the organizational alignment and to drive the companies to execute their business strategy effectively.

No comments: