By delivering the first pre-packaged process intelligence to the Performance Management industry, OutlookSoft positions itself as the only vendor in the market with the ability to truly align financial and operational activities with business performance objectives. With BPFs, OutlookSoft provides not only the business process, but all the associated tools required to manage and execute the process for optimum performance in one unified application platform.

Historically, software has been sold and implemented according to features, functions or databases. Users still needed to customize the application for every new performance process added. Now organizations can configure new or existing business process flows by leveraging the pre-packaged functionality inherent in OutlookSoft 5. Alternatively, they can utilize the on-demand nature of the BPF Marketplace by downloading a business process flow at the time the process is needed.

“Companies are not as good at measuring performance as they would like to be—particularly for those business processes for which managing performance is most important,” said Mark Koenig, vice president at research and strategy consultancy Saugatuck Technology Inc. “OutlookSoft BPFs offer optimization of business processes through improved alignment and improved decision making based on more useful information and better information sharing.”

BPFs uniquely extend the value of performance management through process. Adding performance management to traditional workflows or managed business processes, OutlookSoft 5 BPFs are structured processes that span multiple groups, deliverables, and activities. These configurable processes guide and coordinate end users step-by-step to mange shared financial and operational goals.

“Providing prepackaged BPFs is critical because customers can now focus on managing the performance of their business instead of spending a lot of resources customizing disparate tools and applications,” said Christian Gheorghe, executive vice president and chief technology officer at OutlookSoft. “OutlookSoft 5 BPFs and their delivery through the BPF Marketplace, assure financial business processes are unified with operational business processes—thereby providing the ability to align the whole organization along strategic goals and immediately take action proactively rather than reactively.”

With the launch of the OutlookSoft BPF Marketplace, OutlookSoft provides customers with immediate access to core business process flows such as customer acquisition, profitability and retention, risk assessment, strategic planning, financial consolidation and reporting, and financial budgeting and forecasting. As a result, customers are adopting BPFs as a part of their best practices to ensure overall performance is on track and in compliance with corporate goals and regulatory mandates.

“BPFs support real application intelligence, and with them we are setting the new industry standard for how to best achieve a shared business goal,” said Phil Wilmington, chief executive officer at OutlookSoft. “OutlookSoft BPF Marketplace is the benchmark for the way enterprise software must operate to be truly successful in today’s environment – collaborative, accessible, and agile.”