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Increasingly sophisticated software is helping executives to cope with the challenges of managing financial performance in today’s business environment.
A combination of factors has created a high level of interest in software for financial performance management (FPM). These factors include post-Enron regulation of corporate governance, growing dissatisfaction with traditional budgeting processes, increasing use of metrics-based performance management techniques, and improvements in technology for delivering management information. Vendors have been attempting to link a variety of financial, operational, and measurement applications under the broader theme of business (or corporate) performance management (BPM), combining packaged applications with business intelligence (BI) technology.
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