Choosing
the right kind of software application has always been a difficult task for the
organization as there are lots of things depended on it, and the difficulty
level increased when it comes to choosing a right kind of enterprise
performance management application or system. The main reason behind this is
its requirements are quite unique based on the business itself.
While
there are tons of resources available over the internet about the best
practices and methodologies to choose a right kind of software, there are very
rare resources that can elaborate the way of choosing a right kind of Oracle Hyperionenterprise performance management system or solution.
Well,
choosing the best enterprise performance management system for your enterprise requires
you to understand that fact that it will not be the scenario that what works
for others will also work for you. Being an enterprise owner, you should be
aware about the fact that there is no blueprint for the success in the business
domain. There is a huge amount of time spent on the differentiating strategy.
And that is the reason why the things that work for others may not work for
you. If the strategy is different, then how could you believe that the method
that is being used to execute and measure the progress would be same? Of
course, it would be different.
Therefore,
it is very important to concentrate on your requirements while evaluating or
choosing the application or system for the performance management and strategy
execution for your organization.
Another
thing that you should keep in mind that choosing a software or application for
the performance management of your enterprise doesn’t mean you choose an
application having tons of innovative technical functionality. Most of the time
business often believes that technical functionality is the key aspect of a
good EPM application or system. But in reality,
Of
course, there is nothing wrong in expecting a technically sound application.
But one should think beyond the technical features and search for the
application that offer immense flexibility and ease of use that will bring
functionality in the hands of the business users while making change management
quite easier. Moreover, one should look for the EPM application offering a
predictable implementation timeframe, which runs for a short period of time
rather than taking months. Also, look for the optimal total cost of ownership
(TCO) and other factors that can make sure that the application is easy to
sustain for a long period of time.
Don’t
go to the application having generic demos and nice presentations as it doesn’t
guarantee for the best application. Try to analyze the application in order to
see how well a specific application serve your critical business needs or
deeds.
Apart
from all these, you should look for a few basic things like the level of
customization and workarounds offered by the application, does the chosen
application fit into your enterprise needs and deeds or not and so on.
Considering
the above discussed things will definitely help you choose the right kind of an
EPM solution for your organization. Did I leave any point? Do you have more
suggestions on choosing a right kind of EPM solutions? Share your views with us
by commenting below…!
No comments:
Post a Comment