Best Corporate Performance Management (CPM) Software: Ranked and Reviewed (2024)

Did you know that businesses across various industries are increasingly turning to Corporate Performance Management (CPM) software to optimize their financial planning and analysis, strategic planning, and performance measurement?

CPM software provides a comprehensive suite of tools, including business intelligence tools, financial planning and analysis software, strategic planning software, performance measurement tools, budgeting software, forecasting software, data visualization tools, and KPI tracking software. These tools enable businesses to effectively assess and manage their performance, making data-driven decisions for improved efficiency and profitability.

In this article, I will review and rank the best CPM software available in 2024. Whether you are a CFO, FP&A professional, or a decision-maker in your organization, this article will provide you with valuable insights to help you choose the right CPM software to drive your business forward.

Key Takeaways:

  • Corporate Performance Management (CPM) software offers a comprehensive suite of tools for financial planning, analysis, and performance measurement.
  • Businesses use CPM software to make data-driven decisions, improve efficiency, and drive profitability.
  • This article will review and rank the best CPM software available in 2024, helping you choose the right solution for your business needs.
  • Be sure to consider factors such as features, usability, integrations, customer support, and pricing when selecting CPM software.
  • By leveraging the right CPM software, you can optimize your financial planning and analysis, strategic planning, and performance measurement.

What is Corporate Performance Management?

Corporate performance management (CPM) encompasses the systems, processes, and metrics that businesses utilize to evaluate and enhance their performance. It involves assessing employee productivity, generating accurate forecasts, and optimizing organizational spending. CPM tools play a vital role in measuring and analyzing a business’s overall performance, including both employee productivity and operational efficiency.

What is a Corporate Performance Management Tool?

A corporate performance management tool is a powerful software that empowers the finance, planning, and analysis (FP&A) team to effectively measure and assess a business’s performance. This tool provides a comprehensive range of capabilities, enabling the team to organize, analyze, interpret, and present data in a meaningful way. By harnessing the functionalities of a corporate performance management tool, the FP&A team can derive valuable insights and make data-driven recommendations aimed at improving the business’s growth and profitability.

At its core, a corporate performance management tool is designed to aid in the measurement and management of corporate performance and efficiency. It serves as a central hub where key performance indicators (KPIs) are tracked and evaluated, offering a holistic view of the organization’s progress towards its strategic goals.

Key Features of a Corporate Performance Management Tool

“A corporate performance management tool provides a suite of features that enable the FP&A team to drive performance and make informed decisions. Some notable features include: “

  • Data visualization: Transforming complex data into visual representations such as charts, graphs, and dashboards to enhance understanding and communication.
  • Financial planning and forecasting: Assisting in budgeting, scenario modeling, and accurate forecasting for effective financial management.
  • Performance measurement: Tracking, analyzing, and reporting on key performance metrics to evaluate progress and identify areas for improvement.
  • Collaborative capabilities: Facilitating seamless collaboration and information sharing among team members, enabling real-time updates and efficient workflows.
  • Reporting and analytics: Generating comprehensive reports and conducting in-depth analyses to uncover trends, patterns, and actionable insights.

The utilization of a corporate performance management tool empowers the FP&A team to take a proactive approach towards managing the organization’s performance. It helps drive alignment, enables data-driven decision-making, and enhances overall operational efficiency.

Benefits of a Corporate Performance Management Tool
1. Enhanced performance monitoring and evaluation
2. Improved financial planning and analysis
3. Streamlined budgeting and forecasting processes
4. Increased collaboration and data sharing
5. Actionable insights for strategic decision-making

A corporate performance management tool acts as a compass, guiding the FP&A team in navigating the ever-evolving landscape of business performance. By leveraging its capabilities, organizations gain a competitive edge, driving sustainable growth and achieving their strategic objectives.

What is the CPM Tool Used For?

CPM tools play a crucial role in helping FP&A teams drive corporate performance and efficiency. These tools are specifically designed to analyze and measure a business’s profitability, empowering FP&A teams to make data-driven decisions. By collecting valuable data and calculating essential metrics like EBITDA, the SaaS magic number, or the LTV/CAC ratio, CPM tools provide deep insights into a company’s financial performance.

But CPM tools go beyond data collection. They empower FP&A teams to analyze and interpret the collected data, allowing them to uncover trends and patterns that drive profitability. The best CPM tools often have robust financial reporting capabilities, making it easier for teams to communicate their findings to key decision-makers across the organization.

Furthermore, CPM tools are essential for conducting profitability analysis, a crucial aspect of performance management. Profitability analysis helps businesses understand their revenue sources, cost structures, and profit margins, providing valuable insights into the overall financial health of the company. With the help of CPM tools, FP&A teams can uncover opportunities for improvement, optimize resource allocation, and make informed strategic decisions to drive profitability.

What is the Difference Between CPM and EPM?

In the world of performance management software, two terms often come up: Corporate Performance Management (CPM) and Enterprise Performance Management (EPM). While they may sound similar, they have distinct differences that are worth exploring.

CPM software specifically focuses on performance management applications related to finance, and is primarily owned by the finance department. It encompasses tools and solutions that help finance teams with tasks such as financial planning, budgeting, forecasting, and financial reporting. CPM software primarily focuses on enhancing financial performance and driving efficiencies within the finance department.

EPM software, on the other hand, takes a broader approach. It goes beyond finance and looks at the performance of the entire enterprise. EPM software enables organizations to manage and optimize their performance across multiple departments, including finance, supply chain, marketing, human resources, and more. It provides a holistic view of the enterprise, enabling strategic decision-making and aligning all departments towards common goals.

While CPM software primarily focuses on financial performance, EPM software covers a wider range of business functions and allows organizations to track and measure performance indicators across various departments. It provides a comprehensive solution for performance management, enabling organizations to drive growth and success across the entire enterprise.

Enterprise performance management software helps organizations track and measure performance indicators across various departments, enabling strategic decision-making and aligning all departments towards common goals.

The 23 Best Corporate Performance Management Software Solutions for CFOs in 2024

In this section, I will provide a list of the 23 best corporate performance management software solutions for CFOs in 2024. These top-rated CPM software options have been carefully selected based on their features, capabilities, and customer reviews. Whether you’re a small or large organization, these software solutions will help you effectively manage your performance and drive growth.

Cube

Cube is a powerful CPM software that offers a spreadsheet-native FP&A platform. It allows finance teams to plan faster, more nimbly, and more scalably without changing how they work. With Cube, you can collect and centralize your data into a single source of truth, enabling faster financial analysis and continuous collaboration. Its intuitive user interface and true native Excel integration make it a popular choice among CFOs looking for flexibility and ease of use.

SAP Analytics Cloud

As one of the leading CPM software solutions, SAP Analytics Cloud empowers CFOs with artificial intelligence and machine learning technology. It provides advanced data exploration, self-service data modeling, and what-if simulation capabilities. With SAP Analytics Cloud, you can perform tasks with confidence, optimize workflows, collaborate effectively on future business goals, and achieve improved financial outcomes.

Board

Board is a comprehensive CPM and business intelligence (BI) software that combines both functionalities for enhanced efficiency. With features like dashboard management, multi-dimensional analysis, and ad-hoc queries, Board enables CFOs to plan, budget, and predict corporate financial outcomes accurately. Its cloud and on-premise setups cater to various business needs, making it suitable for small to mid-sized organizations with some experience in BI software.

Prophix

Prophix is a highly regarded CPM software that focuses on automation. It helps CFOs automate tedious tasks such as allocations and report generation, allowing them to save time and improve accuracy. With Prophix, you can streamline budget drafting, planning, and forecasting processes, freeing up your resources for more strategic initiatives. Its integration with Microsoft 365 and Microsoft PowerBI further enhances its capabilities and provides valuable insights for data-driven decision-making.

Other Noteworthy CPM Software Options

While Cube, SAP Analytics Cloud, Board, and Prophix are among the top choices, there are other noteworthy CPM software options available in the market:

Software Description
Abacum A comprehensive CPM platform designed to optimize financial planning, analysis, and reporting processes.
Anaplan A cloud-based business planning and performance management platform that enables organizations to align their operations and make data-driven decisions.
Vena A flexible CPM software that combines data integration, financial processes, and analytics for comprehensive financial planning and analysis.
Sisense A powerful business intelligence software that allows CFOs to analyze complex data sets and generate interactive dashboards and reports.
Axiom Software A cloud-based performance management software that helps organizations streamline their financial planning and analysis processes.
Jirav A scalable financial planning and analysis platform that simplifies budgeting, forecasting, and reporting for CFOs.
Mosaic Tech A cloud-based CPM solution that enables organizations to streamline their financial planning and analysis processes.
AchieveIt A strategy execution and performance management software that helps organizations align their goals, initiatives, and metrics for optimal results.
OneStream XF An all-in-one corporate performance management platform that simplifies financial planning, reporting, and analytics.
Planful A cloud-based financial planning and analysis platform that offers comprehensive budgeting, forecasting, and reporting capabilities.
Acterys A collaborative planning and analytics platform designed to streamline financial planning, reporting, and consolidation processes.
DataRails A financial modeling and analytics platform that helps organizations transform their Excel-based processes into controlled, centralized, and collaborative models.
ClearPoint Strategy A performance management software that allows organizations to align their goals, measures, and initiatives and track their progress in real-time.

These software options offer various features and capabilities to suit different business needs. Consider your organization’s requirements and select the software that aligns best with your goals and objectives.

Cube

When it comes to streamlining financial planning and analysis, Cube is a game-changer. This spreadsheet-native FP&A platform offers a cloud-based solution that enables finance teams to work faster, smarter, and more efficiently without having to change their existing workflows.

With Cube, finance teams can collect and centralize data into a single source of truth, providing a solid foundation for strategic decision-making. Its spreadsheet-native platform ensures a familiar and intuitive user experience, making it easy for teams to dive into financial analysis and gain valuable insights.

One of the standout features of Cube is its true native Excel integration. This means you can leverage the power of Excel while benefiting from the advanced capabilities of a modern FP&A solution. Whether you prefer working on Mac OS X or Google Sheets, Cube seamlessly integrates with your preferred platform.

Onboarding with Cube is a breeze, thanks to its fast and intuitive interface. Finance teams can quickly adapt to the platform, saving time and minimizing disruption. Additionally, report creation is simple and straightforward, allowing teams to easily generate custom reports that meet their specific requirements.

Key Features of Cube
True native Excel integration
Intuitive user interface
Fast onboarding
Simple report creation
Compatibility with Mac OS X and Google Sheets

Cube’s cloud-based FP&A software facilitates continuous collaboration among finance teams, ensuring everyone is working with the most up-to-date data. The platform’s scalability means that as your business grows and evolves, Cube can easily accommodate your changing needs.

Unlock the true potential of your finance team with Cube, the spreadsheet-native FP&A platform that revolutionizes financial planning and analysis. Visit Cube to learn more.

SAP Analytics Cloud

In this section, I will introduce you to SAP Analytics Cloud, a powerful corporate performance management (CPM) software that harnesses artificial intelligence (AI) and machine learning technology to empower users and drive better business outcomes.

SAP Analytics Cloud offers a range of cutting-edge features that make it an invaluable tool for businesses looking to optimize their performance management processes. With augmented analytics, users can gain advanced insights and predictions by leveraging AI capabilities. By exploring data through intuitive data exploration features, businesses can uncover valuable insights and make data-driven decisions with confidence.

Key Features of SAP Analytics Cloud

  • Augmented Analytics: Utilize AI to uncover hidden patterns, correlations, and trends in your data.
  • Data Exploration: Dive deep into your data and visualize it in meaningful ways to gain valuable insights.
  • Self-Service Data Modeling: Empower users to create their own data models and build interactive dashboards.
  • What-If Simulation: Simulate and test various scenarios to understand the potential impacts on your business.

SAP Analytics Cloud is particularly well-suited for businesses that already have a standardization on other SAP products or those familiar with data science languages and integration. Its seamless integration with other SAP solutions allows for streamlined workflows and enhanced collaboration across departments.

SAP Analytics Cloud leverages the power of AI and machine learning to help businesses perform tasks with confidence and unlock the full potential of their data.

Here is a visual representation of SAP Analytics Cloud’s key features:

Key Features Description
Augmented Analytics Utilize AI to uncover hidden patterns, correlations, and trends in your data.
Data Exploration Dive deep into your data and visualize it in meaningful ways to gain valuable insights.
Self-Service Data Modeling Empower users to create their own data models and build interactive dashboards.
What-If Simulation Simulate and test various scenarios to understand the potential impacts on your business.

With SAP Analytics Cloud, businesses can leverage the power of AI and machine learning to unlock their data’s full potential and make more informed decisions. Its intuitive interface and robust features make it a valuable asset for any organization aiming to improve their performance management processes.

Next, I will introduce you to another top-rated CPM software, Board, which combines business intelligence (BI) with CPM for enhanced performance analysis and decision-making.

Board

Board is a comprehensive solution that combines Corporate Performance Management (CPM) and business intelligence (BI) software, resulting in enhanced efficiency for businesses. With its powerful Toolkit, Board offers a wide range of features to support effective dashboard management, multi-dimensional analysis, ad-hoc queries, and advanced reporting. These capabilities empower users to plan, budget, and predict corporate financial outcomes with ease.

Board caters to the needs of small to mid-sized businesses, particularly those with prior experience in BI software. Its intuitive interface and user-friendly design make it accessible for users at various skill levels. Board enables businesses to leverage data-driven insights to make informed decisions and drive success.

One notable feature of Board is its Hybrid Bitwise Memory Pattern technology, which provides a single logical view of corporate data. This capability ensures data consistency and accuracy, enabling users to analyze information from multiple dimensions and perspectives. By leveraging multi-dimensional analysis, businesses can gain a deeper understanding of their operations and uncover valuable insights.

Furthermore, Board offers flexible deployment options, including both cloud and on-premise setups. This flexibility allows businesses to choose the deployment model that best suits their needs and existing infrastructure.

Key Features of Board: Benefits:
  • Dashboard management
  • Multi-dimensional analysis
  • Ad-hoc queries
  • Advanced reporting
  • Enhanced data visualization
  • In-depth analysis capabilities
  • Greater flexibility and agility
  • Improved decision-making

Board’s holistic approach to CPM and BI software makes it a valuable asset for businesses seeking to optimize their performance management processes. With its robust features and user-centric design, Board empowers organizations to leverage data-driven insights and drive growth.

Take a look at the seamless dashboard management and data visualization capabilities provided by Board:

I’ve been using Board for several months now, and it has truly transformed the way we manage our corporate performance. The multi-dimensional analysis feature allows us to explore our data from different perspectives and uncover valuable insights that were previously hidden. The intuitive dashboard management makes it easy to create and customize dashboards to track our key performance indicators effectively. Board has become an indispensable tool for our financial planning and analysis process.

– Sarah Thompson, CFO at XYZ Corporation

Prophix

Prophix is a powerful corporate performance management (CPM) software solution that enables users to streamline their financial processes and automate repetitive tasks with ease. Designed to enhance efficiency and accuracy, Prophix offers a range of features that simplify budget drafting, planning, and forecasting.

With Prophix, finance teams can bid farewell to time-consuming manual tasks such as allocations and report generation. The software’s automation capabilities enable users to free up valuable time and resources, allowing them to focus on more strategic and value-added activities.

One of the standout features of Prophix is its seamless integration with Microsoft 365 and Microsoft PowerBI. This integration empowers users with advanced automation, workflows, and trust-security compliance. Additionally, Prophix harnesses the power of artificial intelligence to provide anomaly detection and valuable insights, enabling users to make informed decisions that drive business growth.

Prophix is suitable for a wide range of companies and industries, and its end users typically include financial analysts who benefit from its comprehensive functionality and user-friendly interface. Whether you are a small business or a large enterprise, Prophix can help you optimize your financial planning processes and drive improved performance.

Overview of the Best Corporate Performance Management Software

In this section, I will provide an overview of the best corporate performance management software available in 2024. The top options include Abacum, Anaplan, Vena, and Sisense. Each software offers comprehensive solutions for strategic planning, financial management, and performance analysis, facilitating better decision-making and organizational success.

Software Key Features
Abacum A scalable CPM software with advanced financial planning and analysis capabilities.
Anaplan A cloud-based platform that enables collaborative planning, modeling, and forecasting.
Vena A comprehensive CPM software that combines budgeting, planning, and revenue forecasting.
Sisense A powerful data analytics platform that allows for intuitive data visualization and analysis.

Abacum offers scalability and advanced financial planning and analysis capabilities, making it a suitable choice for businesses of all sizes. Anaplan, on the other hand, provides a cloud-based platform that enables collaborative planning, modeling, and forecasting, promoting efficient teamwork and streamlined processes. Vena stands out with its comprehensive CPM solutions, combining budgeting, planning, and revenue forecasting in a single platform. Lastly, Sisense empowers businesses with powerful data analytics tools, allowing for intuitive data visualization and analysis for informed decision-making.

Other Corporate Performance Management Software Options

If the previous options didn’t meet your requirements, there are several other corporate performance management software options to consider. Each of these software solutions has its own unique features and strengths, catering to different industry needs and use cases:

  • Axiom Software
  • Jirav
  • Mosaic Tech
  • AchieveIt
  • OneStream XF
  • Planful
  • Acterys
  • DataRails
  • ClearPoint Strategy

These software options provide comprehensive solutions to help businesses effectively manage their corporate performance. Consider exploring these alternatives to find the one that best suits your needs and drives success for your organization.

For a visually engaging representation of the corporate performance management software options, refer to the table below:

Software Features Industry Focus
Axiom Software Advanced financial planning and analysis capabilities Various industries
Jirav Real-time financial reporting and forecasting Small to mid-sized businesses
Mosaic Tech Strategic planning and expense management Enterprise-level organizations
AchieveIt Performance tracking and goal management Multiple industries
OneStream XF Unified financial consolidation and reporting Medium to large enterprises
Planful Budgeting, forecasting, and financial analysis Various industries
Acterys Data integration and modeling for financial planning Small to large businesses
DataRails Data automation and financial reporting Multiple industries
ClearPoint Strategy Strategic planning and performance measurement Non-profit organizations

Corporate Performance Management Software Options

Factors to Consider when Selecting Corporate Performance Management Software

When it comes to selecting the right corporate performance management software for your business, there are several important factors to consider. These factors will help ensure that you choose a CPM software that meets your needs and aligns with your goals. Here are the key factors to keep in mind:

1. Features

The features offered by the CPM software should align with your requirements. Consider the specific functionalities you need, such as financial planning and analysis tools, strategic planning capabilities, performance measurement features, budgeting and forecasting modules, and data visualization capabilities. Make sure the software provides the necessary features to help you effectively manage your company’s performance.

2. Usability

A user-friendly interface and intuitive design are essential for seamless adoption and efficient usage of the CPM software. Look for software that offers a user-friendly experience, with easy-to-navigate menus, drag-and-drop functionality, and customizable dashboards. The software should streamline your workflow and make it easy for you and your team to access and analyze your performance data.

3. Integrations

Consider the integrations offered by the CPM software. It should seamlessly integrate with your existing business tools, such as accounting software, ERP systems, CRM platforms, and data warehouses. Integration capabilities ensure that you can access all the data you need in one central location, eliminating the need for manual data entry and ensuring data accuracy.

4. Customer Support

Reliable customer support is crucial when selecting CPM software. Look for providers that offer robust customer support, including phone, email, and live chat options. Ensure that the software vendor provides timely assistance, training resources, and ongoing support to help you effectively use and troubleshoot the software.

5. Pricing

Pricing is another important consideration. CPM software pricing varies depending on factors such as the size of your organization, the number of users, and the specific features you require. Consider your budget and ensure that the software’s pricing aligns with the value it provides. Quality CPM software typically starts at around $1,000 per month for enterprise solutions.

Software Features Usability Integrations Customer Support Pricing (per month)
Cube Advanced financial analysis, true native Excel integration Intuitive user interface, fast onboarding Compatible with Mac OS X, Google Sheets 24/7 customer support $1,500 (enterprise)
SAP Analytics Cloud Augmented analytics, self-service data modeling User-friendly interface, data exploration Integration with SAP products Customer support available Contact vendor for pricing
Board Dashboard management, ad-hoc queries Multi-dimensional analysis Cloud and on-premise setup Customer support available Contact vendor for pricing
Prophix Budget drafting, automated report generation Microsoft 365 integration AI with anomaly detection Customer support available Contact vendor for pricing

By considering these factors, you can make an informed decision when selecting corporate performance management software. Evaluate each factor based on your specific needs and prioritize the features, usability, integrations, customer support, and pricing that align with your business goals. Remember to choose a software that offers a good balance between functionality and usability, integrates well with existing tools, and provides reliable customer support. This will ensure that you have the right CPM software in place to effectively assess and manage your company’s performance.

Conclusion

In conclusion, selecting the right Corporate Performance Management (CPM) software is crucial for businesses to effectively assess and manage their performance. The best CPM software options available in 2024, including Cube, SAP Analytics Cloud, Board, and Prophix, offer a range of features and capabilities to help businesses optimize their financial planning and analysis.

By considering factors like features, usability, integrations, customer support, and pricing, businesses can find the CPM software that best suits their needs and drives growth. These top CPM software solutions provide powerful tools for FP&A teams to collect and analyze data, generate insightful reports, and facilitate collaboration across the organization.

With Cube’s spreadsheet-native FP&A platform, finance teams can work faster and more flexibly, leveraging cloud-based technology for easier data management and collaboration. SAP Analytics Cloud incorporates artificial intelligence and machine learning, enabling users to perform tasks with confidence and make better-informed decisions. Board combines CPM and business intelligence functionality, allowing users to plan, budget, and predict financial outcomes more efficiently. Prophix helps automate tedious tasks, freeing up time for financial analysts to focus on strategic initiatives.

By leveraging the capabilities of these top CPM software solutions, businesses can gain valuable insights into their performance, make data-driven decisions, and drive overall success. Investing in the best CPM software is an investment in the future growth and profitability of the organization.

FAQ

What is corporate performance management?

Corporate performance management (CPM) refers to the systems, processes, and metrics used by businesses to assess and manage their performance. It involves evaluating employee productivity, creating accurate forecasts, and optimizing spending across the organization.

What is a corporate performance management tool?

A corporate performance management tool is a software that helps the finance, planning, and analysis (FP&A) team measure and assess a business’s performance. It provides capabilities for organizing, analyzing, interpreting, and presenting data, allowing the team to make recommendations for improving the business’s growth.

What is the CPM tool used for?

CPM tools are used by FP&A teams to measure and manage corporate performance and efficiency. These tools help analyze a business’s profitability by collecting data and calculating metrics like EBITDA, the SaaS magic number, or the LTV/CAC ratio.

What is the difference between CPM and EPM?

CPM software specifically focuses on performance management applications related to finance, owned by the finance department. On the other hand, enterprise performance management (EPM) software takes a broader approach, looking at the performance of the entire enterprise, including financials, supply chains, marketing, and other departments.

What are the 23 best corporate performance management software solutions for CFOs in 2024?

The top-rated CPM software options for CFOs in 2024 include Cube, SAP Analytics Cloud, Board, and Prophix, among others. Each software solution offers unique features and capabilities to help businesses effectively manage their performance and drive growth.

What is Cube?

Cube is a spreadsheet-native FP&A platform that empowers finance teams to plan faster, more nimbly, and more scalably without changing how they work. It is a cloud-based FP&A software that helps finance teams work more effectively by collecting and centralizing data into a single source of truth.

What is SAP Analytics Cloud?

SAP Analytics Cloud is a CPM software that utilizes artificial intelligence and machine learning technology to help users perform tasks with confidence. It allows for better workflow management, collaboration on future business goals, and improved financial outcomes.

What is Board?

Board is a CPM and business intelligence (BI) software that combines BI with CPM for improved efficiency. Its Toolkit includes features like dashboard management, multi-dimensional analysis, ad-hoc queries, and advanced reporting, allowing users to plan, budget, and predict corporate financial outcomes.

What is Prophix?

Prophix is a CPM software that helps users automate tedious tasks, such as allocations and report generation. It offers tools for budget drafting, planning, and forecasting, reducing the need for repetitive tasks. Prophix integrates with Microsoft 365 and Microsoft PowerBI, providing automation, workflows, trust-security compliance, and artificial intelligence with anomaly detection and insights.

What are the other corporate performance management software options?

If the previous options didn’t meet your requirements, there are several other corporate performance management software options to consider. These include Axiom Software, Jirav, Mosaic Tech, AchieveIt, OneStream XF, Planful, Acterys, DataRails, and ClearPoint Strategy. Each software has its own unique features and strengths, catering to different industry needs and use cases.

What factors should be considered when selecting corporate performance management software?

When selecting corporate performance management software, it’s important to consider factors like the software’s features, usability, integrations with existing tools, customer support, and pricing. Finding a CPM software that offers a good balance between functionality and usability, integrates well with existing business tools, and provides reliable customer support is crucial. Pricing may vary, but quality CPM software usually starts at around What is corporate performance management?Corporate performance management (CPM) refers to the systems, processes, and metrics used by businesses to assess and manage their performance. It involves evaluating employee productivity, creating accurate forecasts, and optimizing spending across the organization.What is a corporate performance management tool?A corporate performance management tool is a software that helps the finance, planning, and analysis (FP&A) team measure and assess a business’s performance. It provides capabilities for organizing, analyzing, interpreting, and presenting data, allowing the team to make recommendations for improving the business’s growth.What is the CPM tool used for?CPM tools are used by FP&A teams to measure and manage corporate performance and efficiency. These tools help analyze a business’s profitability by collecting data and calculating metrics like EBITDA, the SaaS magic number, or the LTV/CAC ratio.What is the difference between CPM and EPM?CPM software specifically focuses on performance management applications related to finance, owned by the finance department. On the other hand, enterprise performance management (EPM) software takes a broader approach, looking at the performance of the entire enterprise, including financials, supply chains, marketing, and other departments.What are the 23 best corporate performance management software solutions for CFOs in 2024?The top-rated CPM software options for CFOs in 2024 include Cube, SAP Analytics Cloud, Board, and Prophix, among others. Each software solution offers unique features and capabilities to help businesses effectively manage their performance and drive growth.What is Cube?Cube is a spreadsheet-native FP&A platform that empowers finance teams to plan faster, more nimbly, and more scalably without changing how they work. It is a cloud-based FP&A software that helps finance teams work more effectively by collecting and centralizing data into a single source of truth.What is SAP Analytics Cloud?SAP Analytics Cloud is a CPM software that utilizes artificial intelligence and machine learning technology to help users perform tasks with confidence. It allows for better workflow management, collaboration on future business goals, and improved financial outcomes.What is Board?Board is a CPM and business intelligence (BI) software that combines BI with CPM for improved efficiency. Its Toolkit includes features like dashboard management, multi-dimensional analysis, ad-hoc queries, and advanced reporting, allowing users to plan, budget, and predict corporate financial outcomes.What is Prophix?Prophix is a CPM software that helps users automate tedious tasks, such as allocations and report generation. It offers tools for budget drafting, planning, and forecasting, reducing the need for repetitive tasks. Prophix integrates with Microsoft 365 and Microsoft PowerBI, providing automation, workflows, trust-security compliance, and artificial intelligence with anomaly detection and insights.What are the other corporate performance management software options?If the previous options didn’t meet your requirements, there are several other corporate performance management software options to consider. These include Axiom Software, Jirav, Mosaic Tech, AchieveIt, OneStream XF, Planful, Acterys, DataRails, and ClearPoint Strategy. Each software has its own unique features and strengths, catering to different industry needs and use cases.What factors should be considered when selecting corporate performance management software?When selecting corporate performance management software, it’s important to consider factors like the software’s features, usability, integrations with existing tools, customer support, and pricing. Finding a CPM software that offers a good balance between functionality and usability, integrates well with existing business tools, and provides reliable customer support is crucial. Pricing may vary, but quality CPM software usually starts at around

FAQ

What is corporate performance management?

Corporate performance management (CPM) refers to the systems, processes, and metrics used by businesses to assess and manage their performance. It involves evaluating employee productivity, creating accurate forecasts, and optimizing spending across the organization.

What is a corporate performance management tool?

A corporate performance management tool is a software that helps the finance, planning, and analysis (FP&A) team measure and assess a business’s performance. It provides capabilities for organizing, analyzing, interpreting, and presenting data, allowing the team to make recommendations for improving the business’s growth.

What is the CPM tool used for?

CPM tools are used by FP&A teams to measure and manage corporate performance and efficiency. These tools help analyze a business’s profitability by collecting data and calculating metrics like EBITDA, the SaaS magic number, or the LTV/CAC ratio.

What is the difference between CPM and EPM?

CPM software specifically focuses on performance management applications related to finance, owned by the finance department. On the other hand, enterprise performance management (EPM) software takes a broader approach, looking at the performance of the entire enterprise, including financials, supply chains, marketing, and other departments.

What are the 23 best corporate performance management software solutions for CFOs in 2024?

The top-rated CPM software options for CFOs in 2024 include Cube, SAP Analytics Cloud, Board, and Prophix, among others. Each software solution offers unique features and capabilities to help businesses effectively manage their performance and drive growth.

What is Cube?

Cube is a spreadsheet-native FP&A platform that empowers finance teams to plan faster, more nimbly, and more scalably without changing how they work. It is a cloud-based FP&A software that helps finance teams work more effectively by collecting and centralizing data into a single source of truth.

What is SAP Analytics Cloud?

SAP Analytics Cloud is a CPM software that utilizes artificial intelligence and machine learning technology to help users perform tasks with confidence. It allows for better workflow management, collaboration on future business goals, and improved financial outcomes.

What is Board?

Board is a CPM and business intelligence (BI) software that combines BI with CPM for improved efficiency. Its Toolkit includes features like dashboard management, multi-dimensional analysis, ad-hoc queries, and advanced reporting, allowing users to plan, budget, and predict corporate financial outcomes.

What is Prophix?

Prophix is a CPM software that helps users automate tedious tasks, such as allocations and report generation. It offers tools for budget drafting, planning, and forecasting, reducing the need for repetitive tasks. Prophix integrates with Microsoft 365 and Microsoft PowerBI, providing automation, workflows, trust-security compliance, and artificial intelligence with anomaly detection and insights.

What are the other corporate performance management software options?

If the previous options didn’t meet your requirements, there are several other corporate performance management software options to consider. These include Axiom Software, Jirav, Mosaic Tech, AchieveIt, OneStream XF, Planful, Acterys, DataRails, and ClearPoint Strategy. Each software has its own unique features and strengths, catering to different industry needs and use cases.

What factors should be considered when selecting corporate performance management software?

When selecting corporate performance management software, it’s important to consider factors like the software’s features, usability, integrations with existing tools, customer support, and pricing. Finding a CPM software that offers a good balance between functionality and usability, integrates well with existing business tools, and provides reliable customer support is crucial. Pricing may vary, but quality CPM software usually starts at around

FAQ

What is corporate performance management?

Corporate performance management (CPM) refers to the systems, processes, and metrics used by businesses to assess and manage their performance. It involves evaluating employee productivity, creating accurate forecasts, and optimizing spending across the organization.

What is a corporate performance management tool?

A corporate performance management tool is a software that helps the finance, planning, and analysis (FP&A) team measure and assess a business’s performance. It provides capabilities for organizing, analyzing, interpreting, and presenting data, allowing the team to make recommendations for improving the business’s growth.

What is the CPM tool used for?

CPM tools are used by FP&A teams to measure and manage corporate performance and efficiency. These tools help analyze a business’s profitability by collecting data and calculating metrics like EBITDA, the SaaS magic number, or the LTV/CAC ratio.

What is the difference between CPM and EPM?

CPM software specifically focuses on performance management applications related to finance, owned by the finance department. On the other hand, enterprise performance management (EPM) software takes a broader approach, looking at the performance of the entire enterprise, including financials, supply chains, marketing, and other departments.

What are the 23 best corporate performance management software solutions for CFOs in 2024?

The top-rated CPM software options for CFOs in 2024 include Cube, SAP Analytics Cloud, Board, and Prophix, among others. Each software solution offers unique features and capabilities to help businesses effectively manage their performance and drive growth.

What is Cube?

Cube is a spreadsheet-native FP&A platform that empowers finance teams to plan faster, more nimbly, and more scalably without changing how they work. It is a cloud-based FP&A software that helps finance teams work more effectively by collecting and centralizing data into a single source of truth.

What is SAP Analytics Cloud?

SAP Analytics Cloud is a CPM software that utilizes artificial intelligence and machine learning technology to help users perform tasks with confidence. It allows for better workflow management, collaboration on future business goals, and improved financial outcomes.

What is Board?

Board is a CPM and business intelligence (BI) software that combines BI with CPM for improved efficiency. Its Toolkit includes features like dashboard management, multi-dimensional analysis, ad-hoc queries, and advanced reporting, allowing users to plan, budget, and predict corporate financial outcomes.

What is Prophix?

Prophix is a CPM software that helps users automate tedious tasks, such as allocations and report generation. It offers tools for budget drafting, planning, and forecasting, reducing the need for repetitive tasks. Prophix integrates with Microsoft 365 and Microsoft PowerBI, providing automation, workflows, trust-security compliance, and artificial intelligence with anomaly detection and insights.

What are the other corporate performance management software options?

If the previous options didn’t meet your requirements, there are several other corporate performance management software options to consider. These include Axiom Software, Jirav, Mosaic Tech, AchieveIt, OneStream XF, Planful, Acterys, DataRails, and ClearPoint Strategy. Each software has its own unique features and strengths, catering to different industry needs and use cases.

What factors should be considered when selecting corporate performance management software?

When selecting corporate performance management software, it’s important to consider factors like the software’s features, usability, integrations with existing tools, customer support, and pricing. Finding a CPM software that offers a good balance between functionality and usability, integrates well with existing business tools, and provides reliable customer support is crucial. Pricing may vary, but quality CPM software usually starts at around $1,000 per month for enterprise solutions.

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