COMP-08 Better Business Decisions Require Better Business Analysis Lori Weed, CorVu Channel Manager...
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Transcript of COMP-08 Better Business Decisions Require Better Business Analysis Lori Weed, CorVu Channel Manager...
COMP-08Better Business Decisions Require Better Business Analysis
Lori Weed, CorVuChannel Manager
Jim Lundy, ProgressSr. Product Manager
2 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
Agenda Slide
CorVu Quick Update Better Decisions Summary Questions & Answers
3 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
CorVu 5 Existing Products
CorBusiness– Analysis and Reporting– Dashboarding– Forecasting & Data Mining– Briefing Books (CorPortfolio)– Web Deployment (HyperVu)
CorStrategy– Strategy Management– Scorecarding– Initiative Management
4 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
CorVu 5 New Products
CorPlanning– Budgeting & Planning
CorRisk– Risk Management
CorIncentive– Incentive Management
NEW
5 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
D I S C L A I M E R
Under Development
This talk includes information about potential future products and/or product enhancements.
What I am going to say reflects our current thinking, but the information contained herein is preliminary and subject to change. Any future products we ultimately deliver may be materially different from what is described here.
D I S C L A I M E R
6 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
CorVu Timeline
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov JanJan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan
2004 2005 2006
CorVu 5 Strategy Management
CorVu 5 AnalyticsCorVu
MaintenanceRelease
CorVu
CorVu 5.1 CorVu 6
7 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
Agenda Slide
CorVu Quick Update Better Decisions Summary Questions & Answers
8 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
CorVu
CorVu specializes in software that empowers customers to successfully execute strategy, align corporate assets to strategic objectives, measure achievement to target, and manage continuous improvement resulting in breakthrough performance.
9 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
Founded in 1990
Provider of Strategic Performance Management Solutions
4,500+ Customers, Worldwide
International Locations- The Americas (HO: Minneapolis)- Europe, Middle East, Africa (HO: London)- Asia Pacific (HO: Sydney)
Comprehensive Partner Network New Product Offerings With Release of V.5
Global Solution Provider
10 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
CorVu / Progress Customers
11 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
Strategic Planning & Performance Management
CORBUSINESS(Reports, KPI Dashboards,
Graphical Analysis, Portfolio Reporting)
Strategic& Initiative
Mgmt.
CO
RS
ER
VE
R
(Adm
inistration, M
etadata,D
eployment)
CORSTRATEGY
Budgets, Plans,
Forecasts & Consol.
(Business Model Framework & Data Entry)
Interactive Entry
Op
eration
al S
ystems
StrategicRisk Mgmt.
Human ResourcePerform.
Mgmt.
12 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
Business in Transition
Key Market Forces Driving Change
Regulatory - landmark legislation and new corporate governance guidelines
Competitive - more and different Economic - recovering global economy Strategic - most companies have already squeezed
the expense side
…Creating unprecedented pressure to
drive profitable growth and improve corporate visibility
13 © 2005 Progress Software Corporation
Perspective on the Challenge
Strategy
Day-to-Day Activities
Strategy
• Strategy, initiatives, resources, and risks are discussed at the executive level
• But day-to-day activities and performance metrics are not connected to them
Result is measurement of performance, not managing performance
Day-to-Day Activities
Performance Metrics
Strategy
Disconnect
14 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
CorVu’s Breakthrough Enabling Technology
Strategy
Aligned Initiatives & Day-to-Day Activities
Strategy
Aligned Initiatives & Day-to-Day Activities
Objective Management
Resource Management
Risk Management
Incentive Management
Business Intelligence
CRM LegacyData
WarehouseExcelERP
Performance Metrics
Strategic Management System
15 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
The CorVu 5 Solution
Strategy
Aligned Initiatives & Day-to-Day Activities
Strategy
Aligned Initiatives & Day-to-Day Activities
Objective Management
Resource Management
Risk Management
Incentive Management
Business Intelligence
CorStrategy™
CorBusiness™
CorRisk™
CorPlanning™ CorIncentive™
16 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
It Requires a Strategic Management System
Purpose-Built Application– Packaged application, not a toolset– Configurable to meet unique organizational needs– Designed from the ground up as a complete performance
management application
Comprehensive Management Framework– Manages all strategy-related processes– Supports all management disciplines
Scalable Architecture– Transactional system – Automated Data Xchange– Custom Reporting – Native Web architecture– Robust security model– Open technology
17 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
Breakthrough Business Benefits
Increase stock price by 400% in 12 months
Increase stock price by 100% in two years
Reduce working capital by $100 million
Increase post-stay loyalty by 12%
Increase customer retention by 6%
Bus
ines
s P
erfo
rman
ce
Time
CorVu Customers Experience Breakthrough Performance
18 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
Product Demonstration
19 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
Systematic Performance Systematic Performance MeasurementMeasurementKey performance data collected, streamlined reporting strategy well understood through senior management levels, early effort at operationalizing strategy
Performance CulturePerformance CultureStrategy detailed and operationalized, clear accountability,alignment cascades throughout organization, short / long-term trade-offs well understood, actions change throughuse of information, continuous improvement
Strategy Execution Effectiveness
Lev
el o
f S
trat
egy
Co
nte
nt
& D
etai
l
Disparate Uncoordinated Disparate Uncoordinated ApproachApproachLow strategy detail, strategy not well understood throughout the organization, duplicated efforts, difficult to consolidate performance data
Where Are You?
Spreadsheets
SMS PlatformPhase 2
BI Tool Phase I
Performance ManagementPerformance ManagementA cohesive set of strategies defined, clear accountability, alignment cascades throughout the organization, objective interdependencies well understood, actions change through use of information
20 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
Agenda Slide
CorVu Quick Update Better Decisions Summary Questions & Answers
21 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
In SummaryCorVu 5.0 CorBusiness™
Business intelligence platform for automated data collection, reporting, alerts, dashboards, and briefing books
CorStrategy™Framework for automating strategy management using leading performance management methodologies
CorPlanning™Links the budgeting and forecasting processes to business strategy
CorRisk™Automates the monitoring and management of risk that can impact strategy execution
CorIncentive™Links employee incentives to strategy
22 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
BI Sessions Tuesday
– 2:15pm Better Decisions; Room A3
– 6:00pm BOF: Enterprise Performance Management
Wednesday– 8:00am BOF: BO “Classic” Products
– 10:15am BI Info Exchange; Room A4
– 1:00pm Integrating CR/Progress; Room A4
– 2:15pm Running Your Business; Room A3
23 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
Questions?
24 COMP-08, Better Business Decisions© 2005 Progress Software Corporation
Thank you for your time!
25 COMP-08, Better Business Decisions© 2005 Progress Software Corporation