Corporate Performance Management System (CPMS)
NSEIT provides a comprehensive solution for aligning the organization mission with the business activities using the Corporate Performance
Management System (CPMS). The system aims to incorporate strategic plan and management system to provide enhanced business figures.
We have designed a system based on balanced scorecard metrics that intend to improve team management and internal functions. The cards
measure and provide feedback to execute better strategies and objectives. The result of implementing the CPMS is drastic enhancements in the
external outcomes.
NSEIT uses the balanced scorecard methods in our CPMS methods. The methods are embedded in the result-based management
system for the following perspectives.
Financial
A positive financial perspective for better revenue figures.
Customer
Enhanced customer perspective that leads to better market share and new client engagements
Internal Process
Induces improved processes like better risk identification and internal assessments
Learning and Growth
Boosts the organization’s perspective towards talent management and training session
Key Features
NSEIT provides CPMS that combine the features like customization, in-built strategies, easy accessibility and various others.
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Flexibility: The system is flexible and allows the client to define business strategies. The management can create objectives and Key Performance Indicators (KPIs) considering the organization’s prime requirements.
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Score Card Management: The flexibility in managing scorecard is a key feature of CPMS. It has easy drop-down search inputs for all fields, hence allowing simplified management of scorecards.
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KPI Assignment: Simplified KPI management is another important feature. The CPMS allows easy allocation of KPIs to multiple employees from the organization.
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Drill down of KPIs: The CPMS allows assigning single or multiple responsibilities to each KPI. These customized KPIs can then be linked to the KPIs at managerial levels.
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Built-in Formulas: The system has ready-to-use formulas that calculate GPA based on KPI frequency, weight, age, and other parameters.
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Compatibility: The CPMS system is flexible and hence is compatible with various current technologies.
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Easy Accessibility: The system is easily reachable including remote access to every registered user.
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Simple Interface: The user interface is simple for the user to understand, communicate and update.
Overcoming the Shortcoming of Traditional Strategies
Replicates Top-Down Strategies of the Company’s Mission and plans
CPMS induces a top-down strategic perspective as compared to the otherwise. The majority of companies have negatively invested by deriving strategies from local activities and ad hoc. The solution provided by NSEIT focuses on the relevant strategies that are result oriented.
Proactive Approach
CPMS drives the organization towards a path of current and future success. The traditional methods of analyzing the previous performances are replaced with the new setup. It concentrates on supporting the management to improve the next phase of the financial quarter rather than understanding the past.
Integrated External and Internal Solutions
The system creates a balance between the strategies implemented in the past and future business plans. The result is a collaborative move without hampering one strategy at the cost of other.
Steady Focus
The setup focuses only on those strategies that are critical to the success of the company. Overriding the traditional method of handling many measures simultaneously, the scorecard of CPMS helps to customize the measures for the applicable section of the organization.Results of Implementing CPMS
The key benefits of CPMS are:
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Improved processes
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Motivated/educated employees
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Enhanced information systems
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Monitored progress
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Greater customer satisfaction
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Increased financial usage
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