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• Strategy Maps
• Scorecards and Dashboards• Business Activity Monitoring
• Integration of EnterprisePlanning, Budgeting andForecasting Applications
• Cost Modeling• Profitability Modeling• Cost and Chargeback Process/ System
• Financial Consolidation• Management Reporting
• Reporting on Individual Performance
What Customers Get
Enterprise Performance Management
• Cognizant Solution Overview
Solution Overview 2014|
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Enterprise Performance Management (EPM) is a set of processes and applications designed to translate the business strategy to KPIs and to measure, analyze and predict organization performance. EPM adds value to the business by focusing on how an organization develops, implements and monitors strategic plans. EPM helps in aligning the organization’s processes across functions and directing resources to achieve the objectives.
Organizations are also increasingly leveraging Business Intelligence (BI) investments to drive EPM solut ions and track their business performance. Integration of EPM with BI is helping companies roll-up analytics at the operational and tactical levels into KPIs that can be viewed in dashboards/ scorecards at the strategic level
Cognizant’s EPM Practice
Cognizant’s EPM practice is tightly integrated with Enterprise Analytics (EA) and is part of the Cognizant Business Consulting (CBC) – EA’s consulting arm. The practice has a strategic focus on providing performance management solutions involving management dashboards, balanced scorecards and KPI index tracker to our customers.
The practice has fine tuned its methodology and approach to EPM consulting and implementation. It has also developed quick-start solutions for rapid scorecard development using KPI repositories and applications for predicting these KPIs using lag and lead indicators.
EPM Solution Chain
The solution offerings have been divided into 5 key areas. These are aligned to the industry needs and the offerings from different product vendors in the EPM space.
Strategy and MetricsVisualization
Solution
Financial Modeling and Analysis
Business Reporting
Integrated Performance Management System
Enterprise Planningand Budgeting
Four Aces Framework
Four Aces is Cognizant’s EPM implementation methodology developed with the rigor of six sigma process and tested in real-life situations. It encapsulates all aspects of a EPM engagement s ta r t i n g w i t h a ssess i n g t h e cu sto m e r environment for EPM readiness using the homegrown “SIMPOSM” tool, analyzing the existing environment for the different business needs, aligning the overall solution architecture to the enterprise application and BI environment and finally achieving or implementing the required solution.
Four Aces Framework
To assess the
“EPM readiness”
of the organization
Assess readiness with an indigenousdiagnostic instrumentAssess current BI architecture
EPM roadmap
EPM readiness assessment
ASSESS ANALYZE
To define the
Strategic Objectives
Derive Strategic
Objectives aligned to
the vision and goals
Group objectives into
strategic themes
Strategy map
ALIGN ACHIEVE
Objective
Activity
Output
To define KPIs
aligned to Strategic
Objectives
Translate Strategic
Objectives into KPIs /
Scorecards
Architecture Finalization
KPIs
Scorecards
To implement EPM
solution and monitor
effectiveness
Create, test,
Deploy Scorecards
Test efficacy of KPIs
Configure alerts
Deployed EPM solution
Cognizant’s EPM Differentiators
Early Warning System
Early Warning System (EWS) is a next-gen EPM solution with integrated predictive capabilities. It provides an intelligent infrastructure that allows organizations to predict and alert management on key indicators. EWS not only shows the current values of these metrics but also the predicted performance using simulation models and statistical predictive techniques.
EWS has intuitive dashboards and scorecards that provide an integrated view of metrics to multiple business units across hierarchy levels.
SIMPOSM – EPM Assessment Tool
SIMPOSM is a quick readiness assessment tool to assess whether the customer is ready to embark on a EPM initiative. SIMPOSM assess the EPM readiness across seven different dimensions – strategy, initiative, measurement framework, process, organization, systems and metrics.
SIMPOSM reduces risk as customers can fill in the loose ends before making any significant investments.
World Headquarters
500 Frank W. Burr Blvd.Teaneck, NJ 07666 USAPhone: +1 201 801 0233Fax: +1 201 801 0243Toll Free: +1 888 937Email: [email protected]
European Headquarters
1 Kingdom StreetPaddington CentralLondon, W26BD UKPhone: +44 (0) 207 297 7600Fax: +44 (0) 207 121 0102 Email: [email protected]
India Operations Headquarters
#5/535, Old Mahabalipuram RoadOkkiyam Pettai, ThoraipakkamChennai, 600 096 IndiaPhone: +91 (0) 44 4209 6000Fax: +91 (0) 44 4209 6060Email: [email protected]
About Cognizant Enterprise Analytics
For more information please send an e-mail to our global team at or visit our Web site at [email protected]://www.cognizant.com/enterpriseanalytics
Cognizant Enterprise Analytics drive tangible business benefits to every customer and shifts analytics from being cost
centers to revenue centers. We future-proof visionary businesses by combining in-depth domain expertise with analytics and information management best practices that help clients optimize decisions and results. Enterprise
Analytics is committed to helping clients run better through a range of integrated analytics and enterprise performance
management services and solutions. We help clients run differently by grounding our services and solutions in foundational components including mobility, cloud, big data and smart data. Our end-to-end blend of business and
technology solutions already reflects the future of analytics, and enables us to create transformational value through innovation and agility.
© Copyright 2014, Cognizant. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the express written permission from Cognizant. The information contained herein is subject to change without notice. All other trademarks mentioned herein are the property of their respective owners.