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Empowering Executives ...

Enterprise Decision Management (EDM) uniquely empowers executives in a rapidly changing world. Ensuring that systems are precise, consistent and agile means that the right decisions are taken at every level in the organization while remaining firmly under business control.

Top to Bottom Alignment

One Harvard Business Review study found that 95 percent of employees do not understand their [organization's] strategy. Adopting EDM generates real strategic alignment, top to bottom. Many organizations are challenged to keep their operational execution—the way front-line staff operates and the way self-service applications behave - synchronized with their strategic plans. EDM helps drive the strategy down into every operational decision and provides a framework for applying data-driven insight at every level.

Agility

In a rapidly changing world, agility is a must for organizations. Executives rely on real-time data and analysis to see what is happening and track performance at an ever more fine-grained level. Yet reducing the time it takes to see and understand a problem is only one part of being agile—the time it takes to respond also matters. By making the decisions embedded in operational systems and processes easier to change and by empowering the business to own those decisions, EDM delivers the agility you need.

Knowledge Retention

As older workers retire and the baby boomers move out of the workforce, companies are facing a massive loss of expertise and know-how. Using business rules to capture what these employees know and to embed it in the operational systems that drive your business retains this knowledge effectively. It also means your systems are much more likely to handle the routine tasks that the new generation of workers, brought up on eBay and social networks, is not going to expect to do manually.

Resource Scalability

As organizations grow and change, the ability to take on more customers, more business without having to hire more resources is often a critical success factor. EDM has been shown to de-couple staffing from work load by enabling information systems to be smart enough to pick up the slack. Freeing professional employees to use their skills, not just handle transactions, and delivering straight through processing for 95% or even more of all transactions makes a business truly scalable.

Implementing Risk Management

Many executives spend long hours developing risk management approaches and plans. Much analysis is done and many contracts are signed to handle sourcing risk, fraud risk and much much more. Yet study after study shows that these decisions all too often fail to change behavior at the front line. Unapproved products are still bought, loans that should have been rejected are made and background check processes are not followed. Automation of these decisions with EDM makes the implementation and management of these strategies real and practical.

Enterprise Decision Management empowers executives and the EDM Summit is the place to find out how.

Convinced? You can get pricing and other information here or register here.
Still not sure? Check out who should attend here or join our mailing list here.