Posts Tagged ‘Enterprise Performance Management’

Creating Essbase Data Backups with Filename Date & Time Stamps The Situation: Planning 11.1.2.1 Client has 1 application with 3 databases Requirement: Automate a daily backups of the Essbase data for all three cubes at 7am and 7pm. Solution: Used MAXL script to export the data from essbase Batch file to execute MAXL script and […]

A former boss of mine, who happened to be the CFO of a large academic medical center, used to say the phrase “no margin, no mission” all the time. I’m not sure I really took the time to understand it at that point in time, but I have since then, “grown up”. My understanding of […]

Healthcare systems must be able to provide timely and accurate financial information for decision making and planning. Many hospitals and health systems are targeting hefty reductions in their operating budgets to maintain financially viable without interrupting investments in facility, information technology and other areas needed to remain competitive. This cost management culture requires organizations to […]

In today’s rapidly evolving healthcare environment, provider organizations must be able to identify financial performance gaps continuously and quickly change course when needed. As we discussed in my blog: Elevating the Role of Finance within the Hospital, this requires a partnership with operations to ensure that the correct metrics are correlated within the budget process, […]

Performance monitoring within the hospital can be accomplished through strategic partnerships between finance and operations. These partnerships serve the organization well and lead to financial steadiness. Let’s examine how this might work. A recent case study within the November issue of HFMA Magazine explores how Mary Lanning Healthcare in Nebraska showcased how data-driven decision making […]

Hyperion Planning comes pre-packaged with two Utilities that are quite beneficial when the following situations arise: You are creating security for Planning objects in a new application Large quantities of security changes need to be made to an existing application You need a quick way to view security settings for all objects in your Planning […]

The Situation: A client has purchased the Workforce for Planning module and would like to feed their HR related data directly into the system with as little amount of user intervention as possible.   This information is primarily made up of text related items, such as Employee Name, Title, Job Code and other text and value […]

Center of Excellence (CoE)   A Forrester survey (“The EA View: BPM Has Become Mainstream”, Forrester Research, Inc.) indicated:   “Of companies experiencing clear measurable improvement in FPM, 49% have a CoE in place”   With that in mind, I attended a presentation by Sandy Kemsley, (an accomplished FPM Analyst and Consultant) entitled, “Maximizing FPM […]

In this competitive banking landscape, organizations face increased pressure to forecast business conditions that allow employees to react and drive value from data. As common sense would dictate, companies should evaluate performance based on increases to firm value. To generate these cash flows, many companies focus on the development of new products and services. However, […]

Health plans, patients, and employers are demanding greater accountability and demonstration of value for their healthcare dollar, and these demands will only intensify in the future. To be successful, healthcare organizations need to establish a culture of performance management; that is, an ongoing process by which organizations define their strategic direction and then deploy their […]

Faster analysis and decision making can create a powerful strategic advantage.  Enterprise Performance Management (EPM) can be used as a powerful diagnostic tool through the use of automated scorecards and dashboards.  A company can identify potential flaws and short-comings in the cause-and-effect relationships that drive company performance.  Reaction times can be cut from hours and […]

The customer-centric scorecard provides managers with the vital customer data that drives performance.  Using the scorecard and dashboards, managers are not only able to watch the long term trends in customer data, but they can also be alerted when shifts and changes in the customer base require action.  Enterprise Performance Management (EPM) creates additional value […]