“BPM is a set of integrated, closed-loop management and analytic processes, supported by technology, that address financial as well as operational activities BPM is an enabler for businesses in defining strategic goals, and then measuring and managing performance against those goals Core BPM processes include financial and operational planning, consolidation and reporting, modelling, analysis and monitoring of key performance indicators (KPIs) linked to organizational strategy."

BPM Standards Group March 2004