Corporate Performance Management (CPM) Software
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IBM Planning Analytics, powered by IBM TM1®, is an integrated planning solution designed to promote collaboration across the organization and help keep pace with the speed of modern business. With its calculation engine, this enterprise performance management solution is designed…
OneStream is an enterprise finance platform that unifies financial and operational data, embeds AI for better decisions and productivity, and can extend to meet the evolving needs of businesses without adding technical debt.
Presented as an operating system for modern Finance, it unifies core financial functions and empowering the CFO to become a critical driver of business strategy, innovation, and growth. It is a cloud-based platform that modernizes the Office of the CFO. The Digital Finance Cloud unifies key financial and operational data and processes, embeds AI for faster and better planning and forecasting, and is extensible so customers can add new utility and achie…
Anaplan 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. Anaplan enables connected strategy and planning across…
Vena Solutions provides a financial process automation solution to automate Corporate Performance Management, accounting and budgeting, Regulatory & Compliance, and other finance-related processes. It is scaled for medium to large-sized organizations.
Cube is a financial planning & analysis (FP&A) platform that aims to enable finance teams to be more strategic and positively contribute to company growth activities by spending less time on manual, repetitive task, from Cube Planning headquartered in New York.
Workday Adaptive Planning(formerly Adaptive Insights) is a financial planning and reporting tool. It includes automated budgeting and forecasting, financial reporting, and other active planning capabilities, including integrations with third-party products like Salesforce.
Centage (Planning Maestro) offers a way to plan, budget, forecast and report financial performance by enabling finance teams to see into the future, and test the impact of different scenarios, in order to make faster decisions with confidence. The software streamlines the entire…
The SAP Analytics Cloud solution brings together analytics and planning with integration to SAP applications and access to heterogenous data sources. As the analytics and planning solution within SAP Business Technology Platform, SAP Analytics Cloud supports trusted insights and…
Prophix One, a Financial Performance Platform, is used to improve the speed and accuracy of decision-making within a harmonized user experience. To reduce complexity and uncertainty, the software offers automated insights and planning, budgeting, forecasting, reporting, and consolidation…
Budgyt is a platform made to simplify business budgeting.
With built-in functions designed for data integrity,…
QVANTUM is a cloud solution for agile, operative corporate planning. The solution provides companies with planning data - automated, cross-departmental. QVANTUM, based on a…
Pigment is an enterprise-grade business planning platform that provides users with a 360° view of the business, updates its financial models in real-time, and allows users to run what-if scenarios at the click of a button. Pigment aims to enable FP&A and revenue teams to improve…
Quantrix is designed to allow users to address the limitations and risks inherent to spreadsheets when developing business-critical models. According to the vendor, this solution offers unmatched capability for forecasting, planning, budgeting, risk modeling and visual analytics,…
Tagetik is a corporate performance management solution that unifies budgeting, financial planning, consolidation and management reporting. Tagetik is offered as SaaS, on a private cloud, or on-premise, and can migrate between deployments as needed.
Jedox is a Business Intelligence and Corporate Performance Management solution. According to the vendor, their solution’s unified planning, analysis and reporting empowers decision makers from finance, sales, purchasing and marketing. Additionally, the vendor says th…
Jirav, headquartered in San Francisco, aims to deliver smarter financials and faster insights, helping to understand where a business has been and predict where it will go. The system joins cloud-based Accounting, HR, CRM and billing data to automatically surface an interconnected…
Oracle Fusion Cloud Enterprise Performance Management (EPM) is a solution that helps users model and plan across finance, HR, supply chain, and sales, streamline the financial close process. Oracle Cloud Enterprise Performance Management (EPM) Platform is a framework of the technical…
Hubble® is an integrated suite of performance management apps from insightsoftware.com. This solution offers reporting, analytics and planning in a single real-time solution. The vendor says Hubble integrates a company’s critical business systems so users at all levels have access…
Apliqo FPM is a financial planning tool that integrates all the complexity within an organization to deliver sophisticated and tractable insights that support accurate and timely decision making.
Spreadsheets are widely used for planning because of their flexibility and familiarity. With OnPlan, users get access to visualization capabilities, integrations, and collaboration features, in a solution designed to give the run-of-the-mill spreadsheet model more power.
OnPlan integrates with dozens of data sources, including Netsuite, Quickbooks, Salesforce, ADP, and also existing spreadsheets – allowing the user to make important business decisions leveraging a single source of truth. OnPlan users are able to create scenarios in seconds and analyze variances with the click of a button, gathering insights in real time to fuel quicker decision making.…
Kepion is a cloud planning & analytics software company that connects all organizations' teams under a single view of their business performance. We enable more intelligent decisions to be made by companies about their financial and operational future.
Kepion global offices and partners deliver rapid solutions for mid-size and enterprise customers. We make it possible for businesses to be empowered with real-time analytics, what-if scenario modeling, and the ability to model complex scenarios and forecast continuously with smart intelligence…
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Learn More About Corporate Performance Management (CPM) Software
What is Corporate Performance Management (CPM)?
Corporate performance management, also called enterprise performance management (EPM), describes the practices that help companies plan and manage the financial success of their organization. A CPM system is a finance tool that monitors and manages an organization's performance according to key performance indicators. These metrics are often finance-driven, such as revenue, spend, and return on investment. Corporate performance management can also focus on other strategic corporate goals, such as increasing operational efficiency or improving corporate strategy.
Corporate performance management systems heavily support financial budgeting, planning, and forecasting. They help leaders manage strategy and track the company’s financial health against goals. CPM tools are commonly used by the finance department but are increasingly designed to be used across the enterprise.
CPM and Business Intelligence
Corporate Performance Management (CPM) is closely related to Business Intelligence (BI). The fact that these categories are so closely related has led to some category convergence. A number of products offer both CPM and BI capabilities in the same platform.
CPM leverages the data provided by BI to guide the organization towards its strategic objectives. The metrics and scorecards that are the endpoint of BI systems are the starting point of CPM. CPM systems link those metrics to the strategic and financial goals of the organization.
BI is focused on gathering and processing disparate data and presenting it in an easy to digest form like a report, visualization, or dashboard. However, reporting is not necessarily linked to an organization’s strategy. It does not include any mechanisms for planning, controlling, or managing towards business objectives or KPIs.
CPM Software Features & Capabilities
Corporate performance management software focus on a process-oriented set of tasks that involves financial activities, including:
- Budgeting
- Planning
- Forecasting
- Financial consolidation and close
- Financial reporting and compliance
- Analytics and financial reporting
- Calculating return on investment (ROI)
- Overhead and operational costs
- Profitability modeling
Budgeting, Planning & Forecasting
In corporate performance management software, budgeting and forecasting capabilities are designed to assist with both operational short-term planning and strategic long-term planning:
- Long-term financial planning
- Financial budgeting
- Forecasting
- Scenario modeling
- Management reporting
Consolidation & Close
Consolidation and close features allow CPM software users to combine and examine data from multiple entities:
- Financial data consolidation
- Journal entries and reports
- Multi-currency management
- Intercompany eliminations
- Minority ownership
- Local and consolidated reporting
- Detailed audit trails
Financial Reporting & Compliance
These CPM tool features assist users with their financial statements and regulatory filings:
- Financial statement reporting
- Management reporting
- Excel-based reporting
- Automated board and financial reporting
- XBRL support for regulatory filing
Analytics
These tools for at-a-glance and in-depth analysis help CPM users interpret performance metrics in the context of their company's larger strategic goals:
- Personalized dashboards
- Color-coded scorecards
- KPIs
- Cost and profitability analysis
- Key Performance Indicator setting
- Benchmarking with external data
Integration
It is vitally important for a CPM system to integrate with a company's BI system. The BI system feeds the CPM system performance data. The CPM system links performance data with strategic and financial data for the purpose of higher level planning and assessment. Types of integration include:
- Flat file integration
- Excel data integration
- Direct links to 3rd-party data sources
CPM Software Comparison
To compare different CPM tools, you might want to consider evaluating options based on these factors:
- Finance vs Strategy: Do you care more about strategic planning or financials (such as consolidation and close, reporting, etc)? Products rarely do both of these well, so depending on which is your priority, compare tools based on both capabilities. Look at feature ratings for budgeting, planning and forecasting, versus consolidation and close and reporting. Financial reporting products will likely have more complex or specialized technical capabilities.
- Deployment type: Products may be cloud-based, on-premise, or offer both deployment types.
- Usability: Ease of use is an important factor, even more so if your use of the CPM platform will extend beyond the Finance team. Look for comments about usability in pros & cons sections of reviews, and compare how the products rate for usability.
- Reporting: CPM is very centered on reporting and the ability to build custom reports. Reviewers often comment on the quality of reporting, and are asked to rate products based on reporting features.
Pricing Information
Pricing varies widely depending on whether tools are designed to serve SMBs or enterprises. Subscription pricing structure is usually per seat per month, with lower pricing for read-only seats. Enterprises are typically paying in the region of $25k total subscription price for leading solutions.