The Convergence of Business Intelligence, EPM, and GRC

According to Albert Pang of IDC, the current economic conditions are forcing organizations to not only better manage corporate performance but also increase business transparency: companies are under increasing pressure to conduct operations effectively, profitably, and ethically — and prove it. To achieve this, IDC advises companies to integrate EPM, GRC, and business analytics.

The IDC paper, Helping Enterprises Succeed: Responsible Corporate Strategy and Intelligent Business Insights covers the following:

This Executive Insights paper describes how the combination of enterprise performance management (EPM) and governance, risk, and compliance (GRC) solutions is now more critical than ever for business success.

This document also discusses how EPM and GRC must be linked to business intelligence tools and supported by comprehensive services to ensure that the data generated is used appropriately. Services such as strategy management enable companies to more readily develop, measure, and adjust corporate strategy according to new compliance requirements and regulations. Then, as new regulations come up, companies can easily adjust and monitor their strategy via dashboards with clear reporting. Also presented are suggestions for working with IT service providers to implement strategic analytics-based EPM and GRC solutions.

You can access the white paper here (registration required)