Business operations continue to increase in complexity day by day. To achieve predefined organizational goals amid the complexity, enterprises look forward to implementing robust and effective corporate performance management (CPM) solutions to better manage their day-to-day business activities, track and analyze organizational performance, and improve efficiency and profitability. In response, the global CPM market is projected to grow from USD 6.0 billion in 2022 to USD 8.3 billion by 2027 at a CAGR of 7.0 percent.
The heightened awareness of the benefits of CPM solutions, such as operational cost reduction, business process optimization, and adherence to security and regulatory compliance, among enterprises is expected to drive market growth. Increasing compliance regulations and benefits, such as planning, budgeting, and forecasting, are also increasing the demand for CPM solutions. Furthermore, rising demand for CPM solutions from manufacturing, retail, consumer goods, banking, finance, and insurance domains is propelling the market growth.
This edition of CFO Tech Outlook brings to light the key developments in the CPM space and how organizations are measuring and analyzing their business performance to drive competence and productivity. It features thought leadership articles from Mathew Pearce, Global Head of Performance & Strategy, GB&M Finance at HSBC, and Chris Rausch, Chief Financial Officer and Ajay Kamble, Chief Information Officer at Turtle & Hughes. They speak about the need to assess the cultural change implications of an organization’s technology program for extending maximum support to customers and employees adopting new technology and grounding organizations’ digital transformation in excellent customer service.
The edition also features MindStream Analytics, a leading professional and managed services provider that helps organizations enhance their business understanding and decision-making by aggregating data from multiple systems. It follows the approach of removing barriers between datasets to bring together actionable insights that help unlock the true value of their business data, fostering better collaboration within the organization and driving business growth.
In this edition featuring top CPM solution providers, we hope you find the appropriate company to enhance and optimize your enterprise performance management operations.