Business Value Controlling
Over the years controlling in companies has gone through various developing cycles:
starting with simple lists with a close factual reference via Management Information
Systems to financial and sales oriented visualizations of figures (standard Business Intelligence)
up to next generation of Business Intelligence:
Business Value Controlling
What is Business Value Controlling?
Business Value Controlling enables an integrated controlling and aligns the controlling processes from the entire organization down to the individual department to each single employee with regards to the company goals.
First of all Business Value Controlling is an operational and technical method, which transfers general (return on capital, return on sales and risk management) and strategic company goals (growth in sales, cost reduction, process optimization and customer retention) into measurable values to manage and control on this basis a company effectively and reliably.
Those values can be captured from general operational values (EBIT, etc.), special KPIs as well as via other value and cost drivers. Other than to a pure examination of the actual values (Standard Business Intelligence) a quantitative judgment makes only sense, if the respective target values are available. They will be provided by planning of the company or by specially defined benchmarks.
Within the Business Value Controlling all controlling processes and reflections of company data will be aligned with regard to the company goals. With help of a Business Value Controlling platform, which functionally cover the topics:
- Business Intelligence
Analyses and page oriented reporting, ad-hoc analysis with drill-down, drill-through and integrated planning for multi level planning processes - Business Performance Management
KPI/operating figures management, scorecards and dashboards - Business Workflow Management
Measure controlling, self learning BI - Business Risk Management
Early warning systems and risk controlling
the company goals will be assigned into the departments (Finance, Sales, Purchasing & Logistics, Production, Service, etc.). There the individual departmental parameters will be controlled, optimized and required actions initiated.
The individual employee within a department has to be able to self-driven and without special IT knowledge recognize aberrations to the target value, trends within the actual situation and cause-and-effect-relations and then perform his decisions or decision recommendations on basis of a sound information and analysis foundation.
Realisation
evidanza provides a wide range of products for business intelligence to implement Business Value Controlling in your company - contact us.