What Financial Performance Management Is

Ventana Research defines financial performance management (FPM) as the process
of addressing the often overlapping issues that affect how well finance organizations
support the activities and strategic objectives of their company and manage their
own operations. FPM deals with the full cycle of the department’s functions, including
corporate and strategic finance, planning, forecasting, analysis, closing and
reporting. It involves a combination of people, processes, information and
technology.
Ventana Research sees information technology as a particular focus of FPM because
we find that most finance organizations are not using these assets as intelligently as
they could. In particular, they often focus only on efficiency