Press Release, 31/07/2006
Actuate Performancesoft Track Provides Missing Link Between Performance Metrics and Activities
Track Focuses Front-Line Employees by Linking Their Daily Activities to Performance Metrics Critical to Organizational Success
TORONTO--(BUSINESS WIRE)--July 31, 2006--Performancesoft Inc., a division of Actuate Corporation, and a leading provider of Performance Management solutions, announced today the general availability of Actuate Performancesoft Track, a breakthrough Activity Management solution that can support the monitoring and management of virtually any type of initiative, program, plan or activity. The product allows users to go beyond the mere identification of a poorly performing metric to initiation of activities that improve performance. In addition to providing metrics-based visibility into activities, Performancesoft Track allows organizations to harvest and share best practices; deliver expected results to stakeholders; increase efficiency and enhance transparency organization-wide.
On October 4th the Corporate Performance Management Congres 2005 took place in Zeist. A variety of speakers, including two of our customers, spoke about their experiences with CPM.
Chris De Hollander, CEO of Stora Enso Berghuizer Mill, spoke about their recent performance management implementation. Stora Enso chose to start with an IT-implementation. This way the MT receives the necessary information quickly and they can work much more efficiently regarding maintenance. After this initial phase Stora Enso is now re-evaluating her scorecards in order to connect these with their organizational and strategical challenges.
Paul Dankers, CEO of Element Six, illustrated the use of CPM during and after a reorganization. After a heavy reorganization Element Six chose to implement CPM to make sure the new situation was reflected in the scorecard and to reinforce the motivation and the involvement of the employees. Now, 1½ years after the reorganization and the CPM implementation the road to growth has been found again and at present the scorecards are being adapted.