Abstract
Enterprise performance management (EPM) helps in executing a company’s strategy. As current benchmarking approaches against the so-called “first quartile” are backward-looking and, thus, fail to capture the disruptive nature of digital technologies, a new zero-quartile benchmarking compares companies against the expected (collectively deemed best possible) state. However, its relevance was not yet demonstrated. Therefore, the objective of this article is to evaluate this new zero-quartile benchmarking approach with the help of a case study at a global supplier of natural ingredients and nutrition solutions which currently improves their EPM by leveraging digital technologies. We subsume our findings towards digital EPM as follows: (1) From playground to pitch: It is not easy to implement a digital enterprise platform. However, it should be a company’s future single source of truth. (2) Powering up a company’s crystal ball: Leveraging predictive analytics, companies should rethink their budgeting and forecasting. (3) Setting the scene: Companies should continue harmonizing their ERP while automating their standard reporting and analysis using finance bots.
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Mayer, J.H., Hebeler, C., Esswein, M., Göbel, M., Quick, R. (2021). Evaluating a Forward-Looking Maturity Model for Enterprise Performance Management. In: Aier, S., Rohner, P., Schelp, J. (eds) Engineering the Transformation of the Enterprise. Springer, Cham. https://doi.org/10.1007/978-3-030-84655-8_18
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