Corporate Performance Management (CPM) Software

Corporate Performance Management (CPM) Software Overview

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.

Top Rated Corporate Performance Management (CPM) Products

TrustRadius Top Rated for 2022

These products won a Top Rated award for having excellent customer satisfaction ratings. The list is based purely on reviews; there is no paid placement, and analyst opinions do not influence the rankings. Read more about the Top Rated criteria.

Category Videos

Enterprise and Corporate Performance Management
03:21
Many organizations are far from where they want and need to be with improving performance. They are applying intuition rather than fact-based data when making decisions. Enterprise performance management/corporate performance management (EPM/CPM) is an integration of manageri...
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Corporate Performance Management (CPM) Software TrustMap

TrustMaps are two-dimensional charts that compare products based on trScore and research frequency by prospective buyers. Products must have 10 or more ratings to appear on this TrustMap.

Corporate Performance Management (CPM) Products

(1-25 of 80) Sorted by Most Reviews

The list of products below is based purely on reviews (sorted from most to least). There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust.

Oracle Cloud ERP
Customer Verified
Top Rated

Oracle Cloud Enterprise Resource Planning (ERP) is a core suite of Oracle Cloud software-as-a-service (SaaS) applications. Oracle Expense Management and Oracle Risk Management are part of this solution. Other apps include Financials, Revenue Management, Accounting Hub, PPM, and…

Key Features

  • Accounts payable (240)
    84%
    8.4
  • Accounts receivable (231)
    83%
    8.3
  • Standard reports (222)
    82%
    8.2
Anaplan
Customer Verified
Top Rated
TRUE

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…

Key Features

  • Forecasting (200)
    93%
    9.3
  • Scenario modeling (201)
    91%
    9.1
  • Management reporting (199)
    78%
    7.8
Workday Adaptive Planning

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.

Key Features

  • Forecasting (155)
    92%
    9.2
  • Financial budgeting (160)
    89%
    8.9
  • Management reporting (160)
    88%
    8.8
Prophix
Customer Verified
Top Rated
TRUE

Phophix offers a Corporate Performance Management (CPM) software that enables budgeting, planning, and reporting. Prophix emphasizes the software’s ability to automate data management and reporting tasks.

Key Features

  • Financial budgeting (143)
    92%
    9.2
  • Management Reporting (138)
    90%
    9.0
  • Management reporting (143)
    89%
    8.9
SAP Analytics Cloud

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…

Key Features

  • Color-coded scorecards (139)
    92%
    9.2
  • Personalized dashboards (147)
    92%
    9.2
  • KPIs (143)
    91%
    9.1
Vena
Customer Verified
Top Rated

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.

Key Features

  • Financial budgeting (137)
    90%
    9.0
  • Management reporting (135)
    90%
    9.0
  • Forecasting (133)
    90%
    9.0
Planful
Customer Verified
Top Rated

Planful is a cloud-based enterprise performance management (EPM) suite. It includes financial applications for modeling, planning, consolidation, reporting and analytics.

Key Features

  • Management reporting (78)
    97%
    9.7
  • Financial budgeting (81)
    96%
    9.6
  • Excel-based Reporting (78)
    92%
    9.2
Board
Customer Verified
Top Rated
TRUE

BOARD is a business decision-making platform for organizations of any size. BOARD hosts several business modeling, planning, and analysis all in one cloud-based platform.

Key Features

  • Customizable dashboards (83)
    94%
    9.4
  • Drill-down analysis (87)
    90%
    9.0
  • Formatting capabilities (85)
    90%
    9.0
IBM Planning Analytics with Watson

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…

Key Features

  • Financial budgeting (68)
    97%
    9.7
  • Forecasting (68)
    94%
    9.4
  • Mobile Application (73)
    81%
    8.1
Oracle Cloud EPM

Oracle’s complete EPM suite is designed to give users the agility needed to respond to change faster. Combined with the simplicity of the cloud, it enables companies of any size to drive accurate and agile plans across finance and operational lines of business, accelerate financial…

Key Features

  • Financial budgeting (38)
    91%
    9.1
  • Forecasting (37)
    90%
    9.0
  • Scenario modeling (35)
    85%
    8.5
Wolters Kluwer CCH® Tagetik

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.

Key Features

  • Excel-based Reporting (40)
    90%
    9.0
  • Management Reporting (38)
    89%
    8.9
  • Management reporting (38)
    78%
    7.8
SAP BPC (Business Planning and Consolidation)

The SAP BPC software is designed to help users plan and achieve a faster, more accurate close. The SAP BPC software aims to help users spend more time growing their business and less time closing books. The vendor’s value proposition is that their software delivers planning, budgeting,…

Key Features

  • Management Reporting (36)
    83%
    8.3
  • Forecasting (37)
    75%
    7.5
  • Management reporting (37)
    70%
    7.0
Oracle Hyperion Enterprise Performance Management

Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. The product is offers a broad suite of capabilities and many customers use only a subset of the platform capabilities.. Oracle has integrated Oracle BI tools to extend the platform further.

Key Features

  • Financial budgeting (22)
    100%
    10.0
  • Forecasting (23)
    100%
    10.0
  • Management reporting (23)
    95%
    9.5
OneStream
Customer Verified
Top Rated

OneStream Software provides a finance platform that aims to reduce the complexity of financial operations. OneStream™ unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting, and…

Key Features

  • Financial data consolidation (16)
    98%
    9.8
  • Management reporting (16)
    96%
    9.6
  • Multi-currency management (16)
    94%
    9.4
Cube Planning
Customer Verified

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.

Key Features

  • Management Reporting (14)
    88%
    8.8
  • Management reporting (14)
    86%
    8.6
  • Financial budgeting (13)
    85%
    8.5
Synoptix

Synoptic provides ERP financial reporting tools and analysis. This solution is designed to deliver real-time data. The vendor’s value proposition is that their solution empowers users to create financial and operational reports with spreadsheet ease of use.

Quantrix

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,…

Key Features

  • Forecasting (12)
    100%
    10.0
  • Financial budgeting (12)
    90%
    9.0
  • Scenario modeling (12)
    90%
    9.0
Budgyt

Budgyt is a platform made to simplify business budgeting. With built-in functions designed for data integrity, team collaboration, and scenario planning & analysis, Budgyt presents what the vendor describes as an optimized budgeting experience that rids users of complex, error-…

Wdesk

Wdesk from Workiva is a cloud platform designed to provide collaboration, data integration, and an audit trail. Wdesk helps mitigate risk, and improves productivity

Key Features

  • Risk management (5)
    81%
    8.1
  • Incident management (5)
    76%
    7.6
Jedox

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 this solution helps…

Key Features

  • Mobile Application (6)
    70%
    7.0
Workday Financial Management/Revenue Management

Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation…

Key Features

  • Dashboards (7)
    90%
    9.0
  • Custom reports (7)
    90%
    9.0
  • Standard reports (7)
    88%
    8.8
Axiom Software by Syntellis Performance Solutions

Syntellis Performance Solutions provides enterprise performance management software, data and analytics solution for healthcare organizations, financial institutions, and higher education institutions. Axiom arms finance teams and executives with tools for budgeting, forecasting,…

Key Features

  • Financial budgeting (6)
    86%
    8.6
  • Forecasting (5)
    60%
    6.0
  • Scenario modeling (5)
    47%
    4.7
BusinessObjects SRC (Discontinued)

Business Objects SRC is a financial planning / performance management product and was acquired by Business Objects in 2005. SAP acquired Business Objects in 2007, and made the decision to retire the SRC product line in 2008 in order to consolidate their product portfolio. The replacement…

Hubble

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…

Kepion Planning

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…

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:

  1. 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.
  2. Deployment type: Products may be cloud-based, on-premise, or offer both deployment types.
  3. 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.
  4. 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.

Start a CPM comparison

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.

Corporate Performance Management (CPM) Software Best Of Awards

The following Corporate Performance Management (CPM) software offer award-winning customer relationships, feature sets, and value for price. Learn more about our Best Of Awards methodology here.

Best Corporate Performance Management Software

Related Categories

Frequently Asked Questions

What is financial corporate performance management?

Financial CPM uses financial performance data, from revenue to costs, to measure a business’s financial performance against various KPIs or metrics. Financial CPM is the main function of corporate performance management.

What’s the difference between corporate performance management and human performance management?

Corporate performance management is focused on a business’s overall financial or strategic performance, while human, or HR, performance management focuses on individual employees’ performance in their professional roles. While both systems heavily rely on performance measurements like KPIs, CPM’s scope and scale is much broader.

What’s the difference between corporate performance management and business intelligence?

Corporate performance management takes the output from business intelligence tools and makes the data actionable. BI tools focus on organizing data and making it accessible via reports and dashboards. CPM tools take that output and measure it versus various financial and strategic metrics.

What are the benefits of using corporate performance management software?

CPM software allows businesses, particularly enterprises, to gain visibility into their overall financial performance and more efficiently budget based on current performance data.

How much do CPM tools cost?

CPM software pricing can vary largely based on whether the tool is targeted towards SMBs or enterprises. They are usually priced per seat, and enterprises can pay $25k+ depending on the number of users and range of features purchased.