BPM and Business Intelligence
Our BPM experts work with the clients to efficiently align the organization with the requirements of clients. Through the holistic management approach, we help promote business effectiveness while striving for innovation, flexibility and integration with information technology platform.
Business Process Management
Our Consultants are trained in implementing most of the Performance Management Applications such as Hyperion, Cartesis, Cognos, etc.
Our BPM experts follow the Business Process Management life-cycle model to implement efficiencies and improvements.
ParMan Consulting help clients optimize their organization's financial performance with industry-leading financial consolidation, reporting, compliance, profitability, planning and analysis capabilities.
- Strategy Management
- Business Planning and Consolidation
- Financial Consolidation
- Profitability and Cost Management
- Spend Analytics
Business Intelligence
Business intelligence (BI) refers to technologies, applications and practices for the collection, integration, analysis, and presentation of business information and sometimes to the information itself. The purpose of business intelligence is to support better business decision making. Thus, BI is also described as a decision support system (DSS).
BI is sometimes used interchangeably with briefing books, report and query tools and executive information systems. In general, business intelligence systems are data-driven DSS.
BI systems provide historical, current, and predictive views of business operations, most often using data that has been gathered into a data warehouse or a data mart and occasionally working from operational data. Software elements support the use of this information by assisting in the extraction, analysis, and reporting of information. Applications tackle sales, production, financial, and many other sources of business data for purposes that include, notably, BPM. Information may be gathered on comparable companies to produce benchmarks.
Business intelligence often uses (KPIs) to assess the present state of business and to prescribe a course of action. Examples of KPIs are things such as lead conversion rate (in sales) and inventory turnover (in inventory management). Prior to the widespread adoption of computer and web applications, when information had to be manually input and calculated, performance data was often not available for weeks or months. Recently, banks have tried to make data available at shorter intervals and have reduced delays. The KPI methodology was further expanded with the Chief Performance Officer methodology which incorporated KPIs and root cause analysis into a single methodology.
At ParMan Consulting, we have a pool of experienced consultants with solid knowledge of the BI products such as Business Objects, Cognos, Microstrategy.