"Beyond ERP" era, PM is coming

A company is a listed private companies in the United States, in Germany, the United States, Spain, with offices in more than 10 countries. No implementation of financial performance management system (hereinafter referred to as "PM") before the finance department to spend per month 5-7 days to complete the various branches of the global financial consolidated statements, the annual budget cycle is usually 2-3 months.
At the time, A company has implemented ERP systems to achieve the financial accounting, production planning, materials planning and a series of management information, financial performance management in the field is still blank.
"Beyond ERP" era, with the changing economic environment, many enterprises, especially large central enterprises and multinational companies gradually began the PM had a strong interest. On the one hand, they want to finance operations through the development of standards and performance management standards and use of the core financial management to ensure that enterprise funds, and financial standards; the other hand, how to attract talent and presence, how to consider the staff's performance, how to develop talent etc., has become more and more business concerns.
PM to what?
Performance management for the majority of Chinese enterprises, both strange and familiar, not a business enterprise does not own assessment, but the use of software and information technology tools for performance management is only a small part.
Performance management system as a variety of management systems for enterprises to build a management platform, which is the link between various management systems, through its management system to verify the effects of the operation.
So, why should companies launched financial performance management software, which can bring value to business management? As the world's third-largest supplier of business management software, Infor's financial performance management solutions specializing in senior management consultant, Chu Jiaming in the past 10 years, has repeatedly surgeon, including Baosteel Group, the United States, including more than 100 metropolitan and other a financial management and performance management implementation of the project, he believes the implementation of performance management, especially financial performance management, business management can bring the following four areas of significant value.
"First, through the performance management strategy, forecasting and simulation program management processes, companies can effectively achieve the strategic objectives and the balance of resource allocation; second, by improving the financial performance management in the financial consolidated statements, a comprehensive budget management process, can effectively shorten the period required for the same time, greatly enhance the effectiveness of work-related processes; third, to improve financial transparency, strengthen financial internal control, reduce business risk; fourth, to make the shift to financial sector analysis and control rather than remain in the accounting, reporting on the use of financial performance management company dedicated real-time monitoring of performance, the financial sector can be effective in changing the traditional ways of working, and increase the financial sector, corporate decision-making for operational business insight and improve business agility and response capabilities. "Chujia Ming said.
According to Chu Jiaming introduced in June last year, A Company began to be launched PM project, has made a very good implementation of the results. The corresponding process will not only shorten the work cycle, but also to achieve some of the past can not be achieved management functions, such as the user through some simple operations can be measured by changes in various internal and external, for achievement of the goals of the business (such as estimates of RMB appreciation For the impact of export profits).
Obviously, many began the implementation of financial performance management company, has been seeing the benefits.
Implementation of the PM to be implemented progressively
It is worth mentioning that the financial performance management system is in the application of information has accumulated most of its production and financial data after the high-level applications, without a considerable degree of accumulation of performance management software is no way to work.
Many enterprises in the implementation of performance management, when there will be a problem, before and after the implementation of the order, you can not clearly understand which business is currently in the link. For example, many companies on the PM first consider the BI (business intelligence), but in fact, the process on the basis of many issues such as budget, consolidated statements are not yet formed the basis of an effective information management, BI that time and how to do analysis You can get to the appropriate data to compare it? Chu Jiaming suggested that companies in the implementation of PM, the CFO must distinguish the order.
He believes that the implementation of the PM steps can be divided into two steps. The first step, the enterprise based information system to ensure the normal running well, including general ledger, ERP, CRM, HR, etc., to ensure that all needs were reflected in the financial performance management information in the front end has a good data base. The second step, the management company to clear its own objectives and scope of the implementation of the PM, not the pursuit of one step, but step by step, based on the early realization of process management and optimization of PM parts, including planning, budgeting, and consolidated statements in this based on the implementation of the strategy and performance measurement.
Be noted that, PM, and BI is different. BI is a purely technical level, data mining, analysis of common tools, with no business processes; and PM it will be deep into the business processes of financial performance management applications, such as the overall budget, financial consolidated statements and other processes.
In addition, Chu Jiaming the deployment of the PM is divided into three levels: strategic layer, business layer and base layer. Strategic level of the PM application is for users of corporate management can help companies develop strategic objectives and key performance indicators to measure progress in achievement of objectives. Strategic level of the PM is usually combined with the balanced scorecard applications, through strategic crystal ball approach to reflect the company a variety of key performance indicators; business layer includes a variety of business process applications, such as the overall budget, consolidated statements, forecasts, etc.; base layer is the data warehouse and data marts form. 
In the PM system with their existing financial performance management integration, we should pay attention to process improvement and reengineering the existing balance: to adhere to the "business systems for enterprises and people will always be service" principle, but also actively absorb PM in the advanced management concept, to optimize existing processes, based on the implementation of the PM.