Corporater: Flexible Performance Management Solutions Provider with Inflexible Ethical Standards
Date: Thursday , January 08, 2015
Corporater, an enterprise performance management solutions provider, was founded in Norway in 2000 by Tor Inge Vasshus, an experienced management methodologies practitioner, enterprise consultant, dynamic speaker and innovative software solution provider. Having lived through the effects of IT-controlled corporate performance management solutions, he envisioned to create solutions that could be run by business users. Building such un-paragoned solutions empowered the bootstrapped company to have an organic, sustainable and profitable growth and commence international operations within 2004. As the solution suite kept expanding to provide full functionality across all major performance management frameworks, the company kept expanding its customer base and launched offices in the U.S., Norway, Sweden, UAE, India, Romania, and Argentina to support its customers and the global partner network.
The company that started offering cloud-based model in 2008, quickly grew with thousands of customers ranging from SME\'s to Fortune 500 companies across 50 countries including Mitsubishi, IKEA, Pepsico, PNB, Audi and 20 government organizations in UAE alone. Though brand recognition and talent acquisition and retainment is challenging while entering new markets, thanks to Corporater\'s tremendous growth and solid financial strength, the company was able to sustain in new markets until the new units start performing and earn customer\'s trust. Heedfully building their product much better than giants enabled the company to surpass customer\'s expectations and build their brand, despite being a new comer.
For instance, when Tata Steel Processing & Distribution was grappling to ensure a single version of truth with their MS Excel dependent performance measurement process, the management sought for a lucid solution to automate Balanced Scorecard (BSC) Methodology where Corporate BSC is cascaded to Unit & Functional BSCs and then to departmental goals & individual KRAs. The consultant team of Corporater implemented EPM Suite, a 360o performance management framework that offered drill-down to bottom most level, making reviews effective and enhancing decision making. Apart from greater transparency among departments and better alignment with organization goals, the structured framework also brought clarity and accountability across departments. With graphical representations of trends for metrics and readymade reports, performance analysis enhanced greatly.
Flexible & All-inclusive EPM Suite
Since, all performance management information doesn\'t fit neatly into structured hierarchies in real world, Corporater\'s highly flexible EPM Suite is designed to capture and handle these exceptions. Corporater understands that today\'s solutions need to be apace with market\'s agility. Hence, with mere configuration on the same platform, Corporater can provide one solution that fits everybody and adapts to ever-changing business conditions. \"Our one solution fits everybody, meaning that no customization only configuration on the same platform is required. Our other USP is that our software can support the agility and the speed of change that is there in the market today,\" says Tor Inge Vasshus, Founder & CEO, Corporater. The company\'s user-friendly business mission controls can be managed by business users. When Corporater devises a strategy and input into their solutions, it ensures that client\'s strategic goals are met upon execution, while the indicators towards strategic objectives ensure that the future destination of client\'s company is reached.
Unlike other BI vendor\'s products, Corporater\'s platform actually orchestrates all management processes including improvement programs, risk management, operation control & management and annual assignments & finance related to strategy among others. The multi-faceted solution also contains a compliant dashboard that ensures that customers are compliant with the regulatory requirements in their area. Since Corporater\'s products are not bound to a single domain, the company caters to several domains within management disciplines. However, the company is especially strong in government sector, banking and finance, energy, oil & gas and manufacturing.
Highly Ethical & Passionate People
In the flat organization with no hierarchy, even the CEO is available to everyone. Their people are clearly taught that following high ethical standards is much more imperative than making money. Hence, the company with no-bribe culture neither oversell and exploit clients nor tempts competitor\'s employees to join them. Corporater feels fortunate for finding a lot of such people, who are also passionate towards their work. Corporater follows the same standards with their partners including KPMG, PWC and Simbus among numerous others. The company never hesitated to avoid partners with no clean hands.
The company that is having a phenomenal growth of 40-50 percent per year aims to keep it up. Corporater also plans to keep scaling up in various countries. The company that has presence in 20 locations across UAE, APAC, Africa, U.S., Latin America and Middle East endeavours to establish 15 new operations in 12 locations within 2020. Corporater envisions being the first choice for business users in strategy-focused performance management solutions. Considering their high ethical standards, impressive products and passionate manpower, it is safe to say that Corporater looks ahead to continue phenomenal growth well into the future.