Today’s Corporate Performance Management (CPM) Softwares are incredibly versatile, and because of strong competition, have remained a relatively low-cost investment for most.
Currently, with dozens of options available for Corporate Performance Management (CPM) Software in the market – finding the right Corporate Performance Management (CPM) Software of 2024 can be tricky.
So we spent dozens of hours researching and testing everyone we could get my hands on.
Based on our experience with the apps, here are 10 Best Corporate Performance Management (CPM) Software. Click on any app to learn more about why we chose it, or keep reading for more context on Corporate Performance Management (CPM) Software.
On this page, you’ll learn about the following:
What is Corporate Performance Management (CPM) Software?
Management of corporate performance CPM software establishes and manages the strategies that major businesses require to track the success of their operations. CPM software is used to develop and implement strategies and processes that allow businesses to track key performance indicators (KPIs) in relation to their overall company goals. This type of software is used by managers and executives who are responsible for boosting the company’s business performance across the board. Accounting departments may use CPM software to analyze financial performance in particular instances. CPM systems bring together a variety of business data, such as financial, operational, and sales data, from all of a company’s departments. CPM must integrate with software products such as ERP systems, accounting software, CRM software, and supply chain logistics software to do this. To manage hazards that may have an influence on business performance, integration with governance, risk, and compliance software is also required. A product must meet certain criteria to be considered for inclusion in the Corporate Performance Management CPM category. Provide consistent KPIs for many divisions, such as finance, production, and sales. Align the company’s goals with its operational strategies and processes. Balance scorecards and other strategic planning and management tools are available. Changes in operational metrics will be forecasted, and remedial actions will be suggested. Automate the collection and handling of data for performance monitoring. Workflows can be used to automate operations and processes in order to track business success. Generate and distribute reports and dashboards on key corporate KPIs
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10 Best Corporate Performance Management (CPM) Software
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Anaplan (NYSE: PLAN) is a transformative way to see, plan, and run your business. Using its proprietary Hyperblock™ technology, Anaplan lets you contextualize real-time performance, and forecast future outcomes for faster, confident decisions. Because connecting strategy and plans to collaborative execution across your organization is required to move business FORWARD today. Based in San Francisco, Anaplan has 20 offices globally, 175 partners and more than 1,700 customers worldwide. G2 categories include: Corporate Performance Management, Compensation Management, Sales & Ops Planning, Sales Performance Management, Supply Chain Planning, and Workforce Management.
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SAP Analytics Cloud is a powerful data visualization tool that helps businesses of all sizes do more with data. By transforming static spreadsheets into actionable insights, you can make better fact-based decisions, uncover hidden trends and improve your business performance quickly. SAP Analytics Cloud combines all analytics capabilities — including business intelligence, planning and predictive analytics — in a single cloud-based solution..
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Board is the #1 Decision-Making platform empowering people, from more than 3,000 companies worldwide, to have a transformative impact on their business by rapidly deploying Planning, Predictive Analytics and Business Intelligence applications on a single unified platform. Board allows companies to intuitively explore and leverage their data to produce a single, accurate, and complete view of business information, gain actionable insights, and achieve full control of performance across the entire organization. With Board, organizations can manage and control their entire decision-making process from goal setting down to operational execution through the ability to analyze, simulate, plan, and predict in one, user-friendly environment. Thanks to Board, global enterprises such as H&M, Toyota, Coca-Cola, KPMG, Puma, and HSBC have deployed end-to-end decision-making applications at a fraction of the time and cost associated with traditional solutions. Board International was founded in 1994 and has now 25 offices around the world and a global reseller network. Board has been implemented in over 100 countries. Board International has long been recognized by leading analysts and subject matter experts including Gartner, Nucleus, and Dresner. www.board.com .
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At Workday, we’re powering a new generation of enterprise planning and analysis. Driving business agility in a fast-moving world, Workday Adaptive Planning helps people gain insights, collaborate, and make smarter decisions, faster. Powerful modeling and analytics for any size organization, yet so easy for anybody who plans. Our planning cloud application enables organizations of all sizes to adapt to a changing world and shifting business conditions with confidence and agility. Workday ranks #1 in customer satisfaction in independent industry surveys from leading market analysts such as Gartner, Forrester, and BPM Partners. .
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Your business is evolving. Your systems should evolve too. Achieve your goals more successfully with Prophix’s innovative Corporate Performance Management (CPM) software. Improve profitability and minimize risk when you automate repetitive tasks and focus on what matters. Budget, plan, consolidate and report automatically. Whether in the cloud or on-premise, Prophix supports your future with a platform that flexes to suit your strategic realities, today and tomorrow..
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Causal lets you build financial models effortlessly and share them with interactive, visual dashboards that everyone will understand. In Causal, you build your models out of variables, which you can then link together in simple plain-English formulae. This makes your models easy to understand and quick to build, so you can spend minutes, not days, on your models. When you’re done, you can share the link to your model with stakeholders. They’ll be able to view your model’s outputs in a visual dashboard, rather than a jumble of tabs and complex formulae. Causal makes it simple to incorporate advanced modelling techniques like scenario analysis, sensitivity analysis, and uncertainty in your inputs. You can also integrate all of your most important data sources, from spreadsheet software like Sheets and Excel, to accounting platforms like Xero and Quickbooks. .
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Jedox makes planning and Enterprise Performance Management seamless, in every organization, on any device, wherever the data resides. Our solutions provide reliable data, insights, and guidance to all users. Jedox delivers it all: Self-service budgeting, unified planning, and forecasting. Over 2,500 organizations in 140 countries trust Jedox to boost their performance, streamline business collaboration, and make insight-based decisions with confidence. Its ease-of-use and flexibility have earned Jedox high recommendation rates and recognition as a leader in its field by independent analysts worldwide. .
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Mosaic is the first Strategic Finance Platform for agile planning, real-time reporting, and better decision making. Easily consolidating insights across ERP, CRM, HRIS, and Billing systems, Mosaic empowers teams to work together in a unified, cross-functional platform that acts as a simple source of truth for the entire organization. Mosaic was founded in 2019 by three finance leaders frustrated by the slow speed, high complexity, and inefficiencies of existing tools in the market. Knowing the office of the CFO needed an overhaul, they set out to build a platform that would address the technical challenges modern-day finance and business teams face. Today, Mosaic is leveraged by some of the fastest-growing companies, helping them align, collaborate and plan for the future. To learn more and to see it in action, visit www.mosaic.tech or send a note to [email protected]. .
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Vena is the only Complete Planning platform that empowers and inspires business leaders and finance and operations professionals to Plan To Grow™. Vena leverages the familiarity and flexibility of an Excel interface within the Vena Growth Engine, the SaaS platform and methodology that powers your plans and guides your journey to growth. Over 1,000 of the world’s leading companies grow with Vena. For more information, visit venasolutions.com..
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Looking for a way to save time and automate your entire strategy reporting process? ClearPoint has your back! Use ClearPoint to quickly and easily collect data from across the organization, calculate and aggregate metrics and create charts. Add analysis and insights to any report or dashboard and distribute reports quickly and easily so that your team always has the information they need to make decisions. ClearPoint saves you 40 hours per month per report, enabling your organization to get back the time spent on reporting and invest it in getting things done. Once you become a ClearPoint customer, you become part of our ClearPoint community. The ClearPoint Community is a vibrant, robust network where our customers connect with peers, experts, and resources to accelerate their pace of progress in achieving strategic goals. By building relationships, members of the ClearPoint Community can follow each other’s successes, learn from each other’s challenges, and tackle problems together.The ClearPoint team further facilitates networking and best practice sharing among users by hosting regional gatherings and an annual Strategy and Performance Management Summit. You may be wondering: how did we become experts in strategy reporting? Ascendant was founded over 13 years ago, in April of 2008, by Dylan Miyake and Ted Jackson, who had worked together for the previous nine years at Balanced Scorecard Collaborative and Palladium, firms founded by Drs. Kaplan and Norton, creators of the Balanced Scorecard concept. ClearPoint Strategy was initially launched in early 2009, and Ascendant has been enhancing the software based on industry trends and customer needs ever since. The customer base and use of ClearPoint has grown consistently since 2009, and the application has become one of the most highly customizable, cost-effective, and comprehensive cloud-based software suites on the market. .
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What is the Best Corporate Performance Management (CPM) Software?
Here are our top picks for the Best Corporate Performance Management (CPM) Software to try this year.
How to Choose Best Corporate Performance Management (CPM) Software?
The best CPM software for your organization will help you track and analyze all aspects of your business performance. This type of application can gather data from different sources, including accounting and human resources departments. It also provides complete visibility, eliminates duplicate entries, and reduces processing costs. However, it’s not enough to find a system that meets your needs. Here are a few tips to help you choose the right one for your company.
A good CPM software must understand the needs of your business. Most solutions offer features that don’t match your goals. Make sure you’re getting non-redundant functionality, as well as a system that can provide useful insights about your financial performance. This will help your organization better understand its internal dynamics. The best CPM software will also integrate various applications and provide management with a single view of all data.
Good corporate performance management software integrates with your ERP system without requiring any custom programming. It will also provide you with the necessary insights into financial performance, which will help your company make more informed decisions. A good CPM solution should be vendor-agnostic, as it can easily integrate with other systems. A good CPM solution will integrate with your ERP system seamlessly, making it easy for you to switch from one to another.
You can check out the top CPM software solutions from Gartner by reading its review and customer testimonials. While the price can be prohibitive, you must make sure to choose the right one for your business. You should avoid CPM solutions that offer redundant functionality. These aren’t worth the price. If you’re looking for a corporate performance management system that can improve your organization’s financial performance, make sure to look for one that provides useful insights.
Choosing the right software is crucial for your business. A good corporate performance management system will make all the interdependencies of your business transparent. A good CPM solution will help you choose the best one for your specific needs. Ensure that the program you choose offers a demo session. The software should also be easy to install. The best corporate performance management software is easy to use. The process of selecting a new system should be seamless and hassle-free.
The CPM software that you choose should be easy to use and efficient for your employees. It should be flexible enough to be customized to suit your company’s needs. It should be compatible with multiple data sources, including customer relationship management (CRM) software, specialized billing software, and custom databases. In this way, you’ll be able to access the metrics that are important to your company. Moreover, the software should be scalable.
The best CPM software should fit your current and future needs. It should be easy to use, and its user-friendly interface is essential. It should also integrate with other systems. Ensure that the software is compatible with your current IT environment. Moreover, it should support multiple languages. If you are a large organization, it is best to choose a system that integrates with other programs. This will ensure that the information is accurate and up-to-date.
Enterprise performance management software solutions are available in several versions. IBM’s Planning Analytics can help automate planning, budgeting, and forecasting processes. It provides self-service analytics for business users. Oracle Hyperion Planning, for instance, supports budgeting, and provides a powerful modeling framework for analyzing performance. All of these features can help you make better decisions and achieve goals. So, how to choose the Best Corporate-Performance Management Software?
The most important thing to consider when choosing corporate performance management software is what your company needs. It should be able to automate the processes required for the company’s growth. A good CPM should be able to automate the process of budgeting and forecasting. Using a system like this will make the process of determining the appropriate level of investment is much easier. All these features are important, and they should be compatible with your business’s needs.
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FAQ’s
Corporate performance management (CPM) software is a type of software that is designed to help companies measure and manage their performance. It can be used by any type of company to help them keep track of their goals and objectives.
There are a lot of free CPM software out there, but they are not all equally good.It’s important to find the right one to suit your needs.
No.CPM software can take months to learn and use effectively.This is because it is not simple software.It is a complex system that is difficult to master.It is not easy to learn.
Most people would say that CPM is worth it. The CPM software is a great way to keep employees on track. It’s also a good way to keep track of your company’s progress.
One of the most important aspects of corporate performance management is the ability to track and analyze a company’s performance. It’s not enough to just know how well you’re doing. You need to know how you’re doing against your competitors, what your weaknesses are, and what you can do to improve.
The first step to using CPM software effectively is to understand the software’s purpose. CPM software is designed to help managers make sense of their company’s performance. It can be used to analyze the company’s financial performance, measure the effectiveness of individual employees, and identify the company’s strengths and weaknesses.
I know you want to use Corporate Performance Management (CPM) Software, thus we made this list of best Corporate Performance Management (CPM) Software. We also wrote about how to learn Corporate Performance Management (CPM) Software and how to install Corporate Performance Management (CPM) Software. Recently we wrote how to uninstall Corporate Performance Management (CPM) Software for newbie users. Don’t forgot to check latest Corporate Performance Management (CPM) statistics of 2024.
Corporate performance management software is a transformational tool that enables organizations to effectively measure, analyze, and manage their performance across various departments and functions. It provides a holistic view of a company’s financial and operational data, allowing decision-makers to identify trends, uncover insights, and take appropriate action to enhance overall performance.
One key advantage of CPM software is its ability to align strategic objectives with day-to-day operations. By utilizing this software, businesses can define their goals and KPIs upfront, ensuring that every individual and team works toward a common purpose. Moreover, CPM software provides real-time visibility into performance metrics, empowering managers to track progress, address bottlenecks, and make necessary adjustments promptly.
Efficient resource allocation is another critical aspect of successful business management, and CPM software can greatly aid in this area. Such software allows decision-makers to identify resource gaps and allocate them strategically based on prioritized goals and performance indicators. By doing so, businesses can optimize resource allocation, minimize waste, and maximize efficiency, resulting in improved outcomes and increased return on investment.
Moreover, CPM software plays a significant role in facilitating effective decision-making. With access to timely and accurate data, executives and managers can make informed decisions and take proactive actions. Whether it relates to financial planning, workforce management, or risk assessment, CPM software offers comprehensive insights into the organization’s performance, enabling decision-makers to evaluate alternatives and choose the most suitable course of action.
Additionally, CPM software helps foster collaboration and communication within an organization. By centralizing data and providing reporting and analysis tools, it encourages cross-departmental collaboration and enhances visibility across different levels of the organization. This enables employees to align their efforts, detect potential areas for improvement, and enhance overall productivity.
In today’s rapidly changing business environment, agility is key. Organizations need to adapt to new market conditions, regulations, and consumer expectations swiftly. CPM software helps in this regard by enabling businesses to monitor performance in real time, respond to changes proactively, and adjust strategies accordingly. By leveraging the capabilities of this software, companies can stay agile, maintain a competitive edge, and drive continued growth.
CPM software provides businesses with a strategic advantage, helping them navigate the complexities of the modern corporate landscape effectively. It streamlines processes, promotes data-driven decision-making, fosters collaboration, and empowers employees at all levels to take ownership of performance.
In conclusion, corporate performance management software has emerged as an essential tool for businesses striving for success in today’s dynamic marketplace. By harnessing its power, organizations can align objectives, allocate resources efficiently, support decision-making, and adapt to changing circumstances with agility. In an increasingly interconnected world, CPM software is not just a luxury but a necessity for companies aspiring to thrive and thrive in the long run.
Why Corporate Performance Management Software Are So Important
One of the key reasons why CPM software is so vital is its ability to provide real-time insight into the financial and operational performance of a company. By consolidating data from various sources and departments, CPM software allows organizations to have a clear and complete picture of their overall performance. This visibility is crucial for decision-makers as it enables them to quickly identify areas of strength and weakness, and take timely action to address them.
In addition to providing insights, CPM software also helps companies streamline and automate their budgeting, forecasting, and planning processes. Manual spreadsheet-based methods are not only time-consuming but also prone to errors. CPM software, on the other hand, offers features such as workflow automation, collaborative budgeting, and scenario analysis, which not only improve accuracy but also increase efficiency.
Furthermore, the scalability and flexibility offered by CPM software make it an indispensable tool for businesses of all sizes. As companies grow and expand, their financial and operational requirements also evolve. CPM software can easily adapt to these changing needs, ensuring that organizations always have the right tools to support their decision-making processes.
Another significant benefit of CPM software is its role in fostering collaboration and alignment across the organization. By providing a centralized platform for planning and reporting, CPM software fosters communication and coordination between different departments and stakeholders. This alignment is essential for driving organizational success and ensuring that everyone is working towards common goals.
Moreover, CPM software helps businesses comply with regulatory and reporting requirements. In today’s regulatory environment, companies are subject to increased scrutiny and are required to provide accurate and timely financial information. CPM software not only ensures that organizations have robust reporting capabilities but also helps them stay compliant with industry regulations.
In conclusion, the importance of CPM software cannot be overstated. In a constantly evolving business landscape, organizations need access to timely and accurate data to make informed decisions and drive performance. CPM software offers a comprehensive solution that not only provides visibility into performance but also streamlines processes, fosters collaboration, and ensures compliance. As businesses continue to face challenges and strive for growth, investing in CPM software is essential to stay competitive and achieve long-term success.
In Conclusion
Choosing the best Corporate Performance Management (CPM) Software is not a difficult task when you have all the details and requirements. Most of the above-mentioned Corporate Performance Management (CPM) Software have impressive and user-friendly features.
Now, it is up to you which software you’d pick up that meets your requirements.
Consider the effectiveness and efficiency of each Corporate Performance Management (CPM) Software, including the features and capabilities. You must also evaluate your objectives, required functions, and budget before choosing the right Corporate Performance Management (CPM) Software of 2024. See which will give a great deal.
If you still have questions about choosing the best Corporate Performance Management (CPM) Software, leave a comment below. I’d love to assist you.