Performance Management

To achieve and sustain success, your organization must manage performance. That means linking your strategy to your operations, aligning planning and execution processes, and synchronizing business unit and enterprise objectives. On average, companies realize only a fraction of the financial performance that their strategic plans promise—primarily due to failures of planning and execution. High performing organizations optimize planning and consolidation processes, identify critical business processes and levers, and dynamically allocate resources to drive performance. The balanced scorecard provides the insight which KPI's will guide you through the process of Performance Management. Vapec is specialist in analyzing production lines and help you to collect the underlying data and create the overview to achieve the optimal Operating Efficiencies.

In organizations that excel at performance management:

  • Strategic, financial, and operational plans are aligned to ensure that critical initiatives receive the resources they need to deliver results.
  • Planning, performance reporting, and rolling forecasts form a closed loop, enhancing responsiveness to changing business conditions.
  • Financial consolidation processes are efficient, accurate, timely, and aligned with the planning process to enable the effective management of results, external reporting, and compliance with regulatory requirements.
  • Dashboards and reports examine forward-looking metrics, so adjustments can be made while there’s still time to respond.
  • Dashboards and scorecards are used not just to identify issues that need rectifying but also to pinpoint successes that can be repeated across the organization.