Business Performance Management

Efficient business performance management is impossible without adequate methods of analysis. In order to achieve strategic goals, the management needs to see consolidated information for the entire organization, and have tools for planning, forecasting and monitoring the key performance indicators (KPI). The platform for developing the BPM solution must be as flexible as possible in order to implement not only the standard functionality, but also to take into account numerous specific nuances of the organization’s work and the manager’s working style.

The analytical platform Loginom includes all the necessary elements for developing such solutions:

• Integration. Loginom easily integrates into any information environment. It supports data exchange with dozens of programs, from office applications to ERP systems.
• Data warehouse. All the information necessary for management is consolidated with the required degree of refinement in a single corporate data warehouse — Loginom Warehouse. It is a fast and easy-to-use data source which helps to avoid discrepancies and conflicts. It contains validated, unified, cleaned and consistent data about the organization’s performance.
• OLAP. Loginom has a built-in, convenient, and easy-to-use OLAP module. It supports all multivariate operations (rotation, sorting, grouping, refinement) and ensures fast data processing. The use of OLAP allows any managerial reports to be generated on-the-fly.
• KPI calculation. Loginom contains all the necessary tools for calculating performance indicators. The KPI can be calculated using simple formulas, as well as by using arbitrary, complex processing scenarios.
• Modeling and forecasting. The platform has built-in state-of-the-art forecasting and modeling algorithms. It uses machine learning methods which enable the user to develop adaptive models capable of adapting to changes in the situation and to take into account the influence of multiple factors. Thanks to the "What if" modeling techniques, the user can estimate how the planned actions will affect the organization in general and thus carry out strategic planning.

The introduction of BPM is a very complicated process. In addition to the problems described above, it requires numerous sub-problems to be resolved: data cleansing and pre-processing, information enhancement, organizing ETL process and so on. The optimal way to develop such a solution is to use the specialized platform Loginom, which has all the necessary mechanisms implemented and tuned. The advantages of using Loginom include: quick obtaining of the first result, powerful analytical tools, and the possibility to take into account the specifics of each organization’s workflow.