As organizations look to thrive in a complex global economy, corporate performance management (CPM) proves to be the cornerstone to formulate organizational strategies and manage the performance of an enterprise. Initially, CPM was constrained only to finance management. However, as the times changed it has been advancing steadily beyond finance management. Today, CPM products have evolved into full-featured platforms that can be used enterprise-wide. It has been playing an instrumental role across all the departments from managing performance of people to sales management.
By integrating with emerging digital technologies, CPM is changing the game for enterprises. More CPM vendors are taking a huge leap into multi-tenant cloud platforms. It helps to monitor and manage an organization's performance based on key performance indicators, and drive better alignment between Finance and operations. The CPM platform is designed to collect and consolidate data from multiple sources to support business processes, such as budgeting, forecasting, financial reporting, and modeling. Today many CPM platforms are embedded with BI and analytics tools, to address three aspects: knowledge of the past, present, and future of the enterprise. As CPM usage is expanding, more vendors are adding more functionality for advanced report viewing, analysis, and detailed performance reports.
Although organizations are witnessing a tremendous success leveraging CPM, they face a great challenge when it comes to choosing the right solution provider. In order to help them choose the best CPM solution providers, our distinguished panel of judges comprising CEOs, CIOs, and CMOs have analyzed scores of CPM solution providers in the market, and shortlisted the companies that are at the forefront of tackling challenges in the arena.
We present to you CFO Tech Outlook’s “Top 10 CPM Solution Providers - 2019.”
