Performance management systems target EH&S

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Courtesy of Lexicon Systems, LLC

Businesses need better knowledge of their financial, operations and risk performance vis-àvis corporate strategies and plans. Fragmented information systems force many to make decisions using less-than-optimal data. Businesses find it tough to locate, use, share, and trust the information they need. This is why Performance Management, which leverages Business Intelligence, is named the most important information technology (IT) priority for 2007.

Governance, Risk and Compliance (GRC) is a powerful new business imperative. A strategic initiative that spans the business enterprise, GRC commands a new breed of Performance Management information systems. Forrester Research says that technology is assuming a key and enabling role in delivering sustainability, consistency,efficiency and transparency across this federated GRC process and organization.

EH&S is one of the most highly regulated aspects of global business EH&S compliance is a major reason for organizations to upgrade GRC. More and more organizations seek a better way to apply Performance Management principles to EH&S. They seek IT solutions to collect and communicate EH&S information to achieve their GRC goals of sound corporate governance, enterprise risk management and compliance assurance.

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