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Features to Look for in Business Performance Management Software

Companies have more digital options than ever before when it comes to strengthening their performance, optimizing their assets and bringing in greater revenues. So, any business not leveraging every possible example is automatically setting themselves up to lose. One important option of this is business performance management software.

What Is Business Performance Management Software?

While it depends on the particular brand, business performance management software tends to do two things very well. First, it can be counted on to harvest all kinds of essential data. Basically, you can use this software to ensure no important information falls through the cracks. It also gives you a convenient place to then store that information.
Secondly, business performance management software is exceptional for distilling and analyzing said data. Without this essential processing, none of this data would mean much.
Of course, while this is all well and good, only the best titles will bring you the results you want. So let’s take a look at some of the most important features the best titles all have in common.

Data Management

Like we said, business performance management software is all about gathering data on your behalf. However, only the best titles will excel at helping you manage all this information. This means more than just how you organize it. We’re also referring to how you simplify it. The software is here to simply your life, but it doesn’t do this when you need someone else to make sense of the information it pulled. Instead, the data management component should collect and simplify and then make it easy to save this information for a later date.

On-Demand Analytics

Another important way the best types of business performance management software can help is by making it easy for you to save the way you like to observe data. You don’t want to have to go into your software every time and re-adjust analytics until you get the numbers you need, how you need them. So be certain you only consider titles that make it easy for you to pull fresh numbers through a preferred method.

Fully Customizable

Taking this a step further, just about everything should be customizable when it comes to your business performance management software. Your company is completely unique, after all, meaning what works for a competitor may not necessarily work for you.
Everything from charts and graphs to the way you integrate other systems or send out your important numbers is something you should be able to customize. Otherwise, you’re simply trading one form of work for another.

Alerts and Notifications

The best titles out there can do more than harvest and organize information on your behalf. They can also “read” the results and understand when there are developments you want to know about.
For example, you may have threshold levels regarding certain forms of information that you need to know about as soon as possible. You can make it someone’s job to watch for this critical moment or you could spend your own time doing it. A better option, though, is putting business performance management software on the job and having the program shoot you a notification either when the level is hit or when it’s about to happen, depending on your preference.

Collaborative Options

Lastly, think about how business performance management can help every party you work with. After all, if they’re a part of helping your company succeed, they could probably do a better job with this software on their side, right?
Many titles don’t just allow for collaborative efforts, they support them in important ways. This means they help multiple parties share information through the system, even allowing them to send messages that can only be seen by authorized parties. By sending messages through the software, it’s extremely easy to reference important information that everyone can immediately review, without fear that some parties are seeing something different.
Even if your company is doing a great job at the moment, never discount how much better it could be doing with the right software on hand. It also pays to think about what your competitors might be using to secure their results. Leveraging business performance management software is how companies of all sizes, across all industries do what they do better. The above features are what you should be looking for to ensure you can too.

Cloudswave Awards Q2 2016 : Best Business Performance Management Software

The Cloudswave Awards is a seasonal ranking of the Top 10 business applications across several categories.
This ranking is based on the cloudswave score, the weighted average score that captures the essence of multiple critic reviews into one number.

Find out more about this scoring system

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