Extend BPM and Lower Risk with a Hybrid Approach:Disrupting Performance Management by Preserving the Value of Spreadsheets

Category: Corporate Finance   |   Presented By: Vena Solutions

Extend BPM and Lower Risk with a Hybrid Approach:Disrupting Performance Management by Preserving the Value of Spreadsheets

How does a hybrid approach to performance management disrupt conventional solutions while preserving the value of spreadsheets?

The hybrid approach to performance management is basically a design approach that combines a centralized database, workflow, and protective governance of spreadsheets for both input and output vehicles.

This whitepaper examines the tradeoffs of the relatively new hybrid approach, and how it wraps data governance around the spreadsheet as an input vehicle.

In this whitepaper, you’ll get to know more about:

  • How spreadsheet-based performance management provides a competitive advantage, extends performance management into other application areas, and lowers risk

  • How hybrid solution imposes workflow on data collection and the protection of audit capabilities around budgets and report numbers that export to a spreadsheet for analysis and usage

  • The benefits of mixing Excel spreadsheets with key aspects of packaged applications for business performance management

tags Financial | Invoice | Business Process Management (BPM) | Risk

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