mPOWER Covenark Enterprise

COVENARK ™– ENTERPRISE Measure your performance. COVENARK® - ENTERPRISE provides you a well-defined framework for Enterprise Performance Measurement (EPM). It is as easy as gathering your management team and defining key business indicators to evaluate the results of your business strategy. COVENARK® - ENTERPRISE helps you act immediately to usher in new Business Processes or changes in Strategy. It supports you acquire intuitive insight by making in-depth analysis of your business data. We simplify this massive task for you, by easy Data Collection Techniques combined with Dynamic Information Analysis, Reporting and Communication, in an enterprise-wide Web Enabled Environment. COVENARK® - ENTERPRISE is crafted for Organisations that would like to focus strongly on Operational, Individual and Enterprise-wide Performance, and benefit from the resultant transparency created through a Scorecarding framework. With COVENARK® ENTERPRISE , measure your organizational performance.

Features:

BI - Arena The BI-Arena presents an interactive table that presents a single page view of all the indicators that depict the business performance. It highlights those areas that are not performing according to the set targets. You can carry out a comprehensive analysis of the status of the business indicators as per the targets, thresholds and benchmarks specified. Owners can customize the colors to review the status of each measure. Specially customized alert signals caution you, when indicators reach their threshold points.

Dashboards With COVENARK® ENTERPRISE you can monitor your organizational radar, anytime, anywhere. Personalized dashboards provide a 360 degree view of the entire organization, customized to display the status of BI indicators in variety of graphical forms. COVENARK® also allows integration with specialized dynamic dashboard design software, suited to your individual preference. You can carry out what-if analysis and business case simulations using dials, gauges, charts, area maps, sliders etc.

Statometer : The Statometer presents you the status of each, BI indicator, at a glance.

BI Themes BI Themes allow you to categorize objectives according to your business drivers, such as Growth, Efficiency, Alignment and Control etc. Performance measurement for driving business results gets a whole new meaning when you deal with it in a strategic theme based evaluation format.

Drill Down You can drill down each top level Measure or BI indicator, to its deepest sub- element that makes up the formulae, enabling you to zero in on areas causing concern. A complete review of the selected measure gives you comprehensive information on the current (present) and targeted values for that particular measure or KPI. Different types of graphs such as Line Bar, Variance graphs, Actual Vs Target, Previous Period and Previous year , evaluation; experience to support your decisions.

Reports COVENARK® ENTERPRISE has an excellent reporting tool that bridges the information gap. It allows you create ad-hoc reports, analyze trends by selecting a group of specific measures and KPI for parallel performance evaluation. You can compare their performance using graphs, bar charts, pie charts and percentage variances. Standardized reports can be created, saved and evaluated as per different data sets for facilitating a quick review process.

Analytics COVENARK® ENTERPRISE has powerful Cause-Effect, Business Modeling, What-if and Impact Analysis tools that empower your key executives / you to make astute and informed decisions.

Cause-Effect It is performance evaluation using correlation between nodal points in the business nervous system. ‘Cause-Effect' uses regression technique to calculate the correlation coefficients between specific measures and KPI, using historical data. It allows the decision makers / you to understand the all linkages amid all the business drivers. Vital linkages which may not be obvious to begin with, can bring in clarity to take intuitive decisions and drive the business in the right direction.

Forecast ‘Forecast' is a critical aspect in managing business changes. It helps you envisage the future; change the present. You can forecast the value or the change that will come about in a particular measure or KPI depending upon its correlation with a linked measure. It further enhances the ‘Cause-Effect' to help you zero in on the actual values in the future. Astute decisions can be made to alter the business drivers for getting the necessary outcome.

Business Modeling ‘Business Modeling is a Simulation – Visualization – Transformation tool. You can create business models that simulate business conditions and see the impact of these conditions on business performance. The business models are created with the help of the measures and KPI that quantify your performance. The theme of the model can be saved and accessed for future analysis with different data sets. It will help you to make controlled changes, run your business with more control and less by chance.

Decision Tree COVENARK® ENTERPRISE can be mapped according to the hierarchy and functional reporting structure of your organization to suit the way your business works. You can cascade through BI arenas that focus on a specific SBU, division and even a branch office within a region .

Organization Chart The Organisation Chart gives an overview of the hierarchical structure of the organisation. It depicts the levels of functional reporting within the organisation and the individuals occupying specific positions. Detailed profiles of individuals can be accessed using the organization chart

Accountability Accountability enumerates the individual's profile responsibility in a tabular format. Individual profile responsibility list is in terms of business indicators. Individual performance evaluation i.e. KRAs can evolve from this particular list.

Templates Templates are easy to understand, standard formats which help the user to enter new indicators and profiles or modify the existing ones. The entire structure of the BI arena is created using these templates. The templates allow the user to have a detailed understanding of the indicators and profiles as they contain fields that provide related descriptions, derivations and parameters for a particular hierarchy .

Review Meeting Module COVENARK® ENTERPRISE has a lucid meeting scheduler that enables you to record Agenda, MOM, Action plans and review their status. BSC Review Meeting list enumerates all the review meeting details like date, subject along with report and MOM. Review Meeting Report is a statement of all the key aspects reviewed in the meeting and their status. You can select meetings of particular year and hierarchy by selecting the Year and View to get details regarding earlier meetings.

Corporate Communication Communicate your vision and mission across the organization. Discover business intelligence through News, Events, and Meetings and find answers to frequently asked questions.

Knowledge Gateway Use COVENARK® - ENTERPRISE to build a repository of information on select subjects to support your decision making team. Share critical business knowledge by storing links and URLs to your corporate intranet or to any relevant subject on the internet.

Control and Security COVENARK® - ENTERPRISE 's robust security features provide controlled access to different categories of users. The “Matrix of Accessibility” has login ids and encrypted passwords with four levels of control.

Ease of Implementation MPOWER has a well tested methodology to deploy COVENARK® - ENTERPRISE in a very short period of time, supported by our team of expert business and technical consultants.