August 13, Overview The SOA reference architecture provides a blueprint for "fractal scope," from an ecosystem architecture to an enterprise or application architecture and is based on establishing the building blocks of SOA: The metadata underlying each layer and the relationships between layers can further facilitate SOA in bridging the gap between business and IT from solution modeling to solution realization. The other major capability afforded by the SOA solution stack is the increase of reusability when designing and developing solution assets for rapid development, deployment, and management of SOA solutions within industry or across industries.
History[ edit ] Reference to non- business performance management occurs[ citation needed ] in Sun Tzu 's The Art of War. Sun Tzu claims that to succeed in war, one should have full knowledge of one's own strengths and weaknesses as well as those of one's enemies.
Lack of either set of knowledge might result in defeat. As they lacked computing resources to properly analyze the data, they often made commercial decisions primarily on the basis of intuition. As businesses started automating more and more systems, more and more data became available. However, collection often remained a challenge due to a lack of infrastructure for data exchange or due to incompatibilities between systems.
Reports on the data gathered sometimes took months to generate. Such reports allowed informed long-term strategic decision-making. However, short-term tactical decision-making often continued to rely on intuition.
In Howard Dresnera research analyst at Gartnerpopularized " business intelligence " BI as an umbrella term to describe a set of concepts and methods to improve business decision-making by using fact-based support systems.
Performance management builds on a foundation of BI, but marries it to the planning-and-control cycle of the enterprise with enterprise planning, consolidation, and modeling capabilities.
Increasing standards, automation, and technologies have led to vast amounts of data becoming available. Data warehouse technologies have allowed the building of repositories to store this data. Improved ETL and enterprise application integration tools have increased the timely collecting of data.
OLAP reporting technologies have allowed faster generation of new reports which analyze the data. As of [update]business intelligence has become the art of sieving through large amounts of data, extracting useful information and turning that information into actionable knowledge.
Core business performance management processes include financial planningoperational planning, business modeling, consolidation and reporting, analysis, and monitoring of key performance indicators linked to strategy.
Business performance management involves consolidation of data from various sources, querying, and analysis of the data, and putting the results into practice.
Various frameworks for implementing business performance management exist. The discipline gives companies a top-down framework by which to align planning and execution, strategy and tactics, and business-unit and enterprise objectives. Metrics and key performance indicators[ edit ] Some of the areas from which bank management may gain knowledge by using business performance management include:SAP BPC | SAP Business Planning & Consolidation SAP BPC is a component of SAP EPM portfolio, an application dedicated to financial processes on a unified platform.
Owned by the business and designed for the end user, it is the target environment to support planning, consolidation and . Consolidation Architecture and Validation. There are a number of reasons for a company to look towards consolidation of its information technology infrastructure including .
Business performance management is a set of performance management and analytic processes that enables the management of an organization's performance to achieve one or more pre-selected goals. Synonyms for "business performance management" include "corporate performance management (CPM)" and "enterprise performance management"..
Business performance management . The architecture of SAP BPC for NetWeaver (Figure ) is designed to leverage the capabilities of the planning and consolidation application and SAP NetWeaver BW. You can use the planning application frontend tool to configure planning and consolidation features.
Participants of this class will learn all of the key design, administation and planning skills that apply to the SAP Business Planning and Consolidation(BPC Standard), version for SAP NetWeaver, and version for SAP BW/4HANA.
SAP Business Planning and Consolidation (BPC) is an application that forms part of the SAP Enterprise Performance Management suite of software. Work with Your Familiar Excel Interface Through the use of its intuitive administration console, SAP Business Planning and Consolidation (SAP BPC) is owned by the business.