Why is Performance Management important to growing companies?
As companies grow the amount of data they have to manage tends also to grow, and the complexities of their processes, planning, budgeting and forecasting also increases and what companies find is the task of managing these processes with the tools that they often use, for example, spread sheets for performing planning, just becomes unyielding. So what a performance management system does is bring a great deal more cohesion and structure towards those processes to make them simpler to manage.