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Businesses need to track important data to help them achieve their goals, whether that is increasing profits, improving sales, or reducing costs. Business performance software is helpful in this scenario. These software tools provide insight into different metrics that will let businesses evaluate their organization processes and refine them to achieve the business goal.
These tools enable organizations to examine KPIs at the regional or global level to assist in making better decisions. They also can identify the potential risks and challenges. They can be deployed on premises or in the cloud for rapid implementation and increased the ability to scale.
Some of the most effective business performance management tools include emPerform, Zenefits and Wrike. The former provides an extensive employee evaluation process that includes goal setting and continual feedback to help employees improve their skills and align them with company objectives. It also offers organizational-wide shared calendars, dashboards, and Gantt charts to organize tasks and facilitate reporting.
Another tool that helps streamline financial processes is Prophix CPM for SYSPRO, which allows companies to budget, plan and analyze data in real-time. Its features include a database of source data centrally located as well as workflow and collaboration features integrated, a centralized dashboard and automated reports that examine historical and current financial information quickly. It also automates tasks like data collection and data entry. Finance departments of small, large and medium-sized businesses can benefit from the solution. The platform is built on the Microsoft SQL platform and provides users with an overview of financial data at various levels of granularity, ranging from an overall view to minutiae. It allows them to take the right decisions and act swiftly.