On September 8th 2008, Infor announced the availability of Infor PM Business Edition, a performance management (PM) solution designed for small and mid-sized organizations. Its solution is aimed at removing roadblocks that SMBs face when looking at implementing performance management solutions. Many small and mid-sized companies rely on spreadsheets to perform and maintain their planning and budgeting processes and feel that implementing a full-scale performance management solution may be prohibitive in terms of cost and internal resources. In addition, many performance management solutions target enterprise organizations but may fail to offer solutions targeted at smaller organizations.
Infor PM Business Edition is targeted to address this gap by offering a solution it feels is easier to deploy and manage, while giving SMBs the tools needed to stay competitive within the marketplace. Some features include:
- Business scenario modeling to test financial and operational plans
- Web-based collaboration tools to ensure collective access to data and overall decision making
- “What-if” scenarios to help with the identification of business drivers and milestones required to meet overall business goals
- Budgeting process automation and centralized data entry points to help ensure the creation of one view of data
For general information about Infor PM Business Edition, visit http://www.infor.com/solutions/pm/
Expanding solution offerings to target small and mid-sized organizations is a general trend within both the business intelligence and performance management spaces. As the need to compete in a highly competitive market increases and becomes more difficult, SMBs are required to manage their budgets, forecast accurately, and create “what-if” scenarios that take into account potential changes within their respective industries.
Consequently, performance management applications become an essential part of an organization’s planning strategy. Whether this occurs in the form of Excel use and spreadsheet management or through an actual performance management suite, the new reality is that organizations require these solutions and internal processes to manage their organizations effectively. The added benefit of deploying a performance management solution, such as Infor PM Business Edition is the ability to create a centralized source of planning and collaborate on existing work and create scenarios based on team interaction.
In general, solutions targeted to SMBs will become more prevalent, giving organizations the ability to deploy and maintain solutions that best meet their organization’s individual requirements as opposed to having to implement a watered down version of an enterprise solution.
About the Author
Lyndsay Wise is an industry analyst for business intelligence. For over seven years, she has assisted clients in business systems analysis, software selection and implementation of enterprise applications. Lyndsay is a monthly columnist for DMReview and conducts research of leading technologies, products and vendors in business intelligence, marketing performance management, master data management, and unstructured data. She can be reached at email@example.com. And please visit Lyndsay's blog at myblog.wiseanalytics.com.
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