This paper will explore the potential of applying business performance management (BPM) principles to advance document performance management (DPM) in a way that enables organizations to reduce costs; better manage documents as vital strategic, financial and information assets; and secure positive returns on investments from outsourcing. An example of this approach – spotlighted later in this paper – is MAX, a document performance management system that enables companies to more effectively manage their document processes and outsourcing service providers.