Best Corporate Performance Management (CPM) Software37Corporate performance management (CPM) is related to business intelligence (BI) and is involved with monitoring and managing an organization's performance, according to key performance indicators (KPIs) such as revenue, return on investment (ROI), overhead, and operational costs.SAP Profitability and Performance Management1https://media.trustradius.com/product-logos/q9/vs/XITQ6T1555M0-180x180.PNGAxiom EPM2https://media.trustradius.com/product-logos/ol/bI/27KLN171MJTB-180x180.PNGPowerPlan3https://media.trustradius.com/vendor-logos/or/VB/FA7CF6QATR8H-180x180.JPEGOracle Planning and Budgeting Cloud4https://media.trustradius.com/product-logos/cA/l5/KQOF5OKL2PQJ-180x180.JPEGBitam5https://media.trustradius.com/vendor-logos/M1/Rh/9RN3FQ2JI3FV.pngSAS Financial Management6https://media.trustradius.com/vendor-logos/1R/C2/78WM406O343V-180x180.JPEGCIWare7https://media.trustradius.com/vendor-logos/q7/J9/BM2TFU90FZ2A-180x180.PNGMona Planning8https://media.trustradius.com/product-logos/cy/Np/CHZ1NZBQ6IS6.pngKCI Control9Mona InterWeb10https://media.trustradius.com/product-logos/Rp/eU/M6A7TFUTJTNA.jpegCertent11https://media.trustradius.com/product-logos/Ci/0t/TWS539MFOQZI-180x180.JPEGPrevero12https://media.trustradius.com/vendor-logos/25/AH/3TOW8SJ6ULJH.pngMona Group Reporting13https://media.trustradius.com/product-logos/f3/X5/0K7BJV7FNN43.pngMereo14https://media.trustradius.com/vendor-logos/Zx/SA/4MLKWGV2ZAS4.pngdeFacto Performance Management15https://media.trustradius.com/vendor-logos/1b/LM/7XVFFLDIF64V-180x180.PNGCorporater EPM Suite16https://media.trustradius.com/product-logos/tJ/I7/I1WGUGIA6TPQ.jpegSAS Cost and Profitability Management17https://media.trustradius.com/vendor-logos/1R/C2/78WM406O343V-180x180.JPEGTalentia CPM18https://media.trustradius.com/vendor-logos/pS/lv/ACA0VO1NVVTA-180x180.PNGpcLegal19https://media.trustradius.com/product-logos/rL/AF/899U5ELJNSR4-180x180.PNGPerformance Canvas Financials20https://media.trustradius.com/product-logos/XJ/l2/XSC97KEPB72U-180x180.PNGOneStream XF21https://media.trustradius.com/product-logos/zg/9v/X8JKFVJXBUMO-180x180.JPEGGreenstone CSR Frameworks22https://media.trustradius.com/vendor-logos/bI/yG/607VATV9P9UD-180x180.JPEGQuestica Performance23https://media.trustradius.com/product-logos/2U/PF/PNX7U0KKAQQ2-180x180.JPEGDataRails24https://media.trustradius.com/product-logos/b8/Jk/3T2MZS9UDX5J-180x180.JPEGQuestica Budget25https://media.trustradius.com/product-logos/2U/PF/8O3VEEVMCPG6-180x180.JPEG

Corporate Performance Management (CPM) Software

Best Corporate Performance Management (CPM) Software

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Corporate Performance Management (CPM) Software Overview

What is Corporate Performance Management (CPM)?

Corporate performance management, also called enterprise performance management, describes the practices that help companies plan and manage the financial success of their organization. A CPM system is software that monitors and manages an organization's performance, according to key performance indicators. These can be revenue, return on investment, or other corporate strategic goals, such as increasing operational efficiency or improving corporate strategy.


Corporate performance management systems support financial budgeting, planning and forecasting, and 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. All in all, financial corporate performance management helps CFOs and other leaders maintain a clear picture of organizational performance.

CPM and Business Intelligence

Corporate Performance Management (CPM) is closely related to Business Intelligence (BI).

CPM leverages the data provided by BI to guide the organization towards its strategic objectives. The KPIs and scorecards that are the endpoint of BI systems are the starting point of CPM. CPM systems link those metrics to the strategic 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 or visualization or a 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.


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 Software Features & Capabilities

Budgeting, Planning & Forecasting

These activities are designed to assist with both data-driven operational, short-term planning and strategic long-term planning:

  • Long-term financial planning

  • Financial budgeting

  • Forecasting

  • Scenario modeling

  • Management reporting

Consolidation & Close

These features allow CPM 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 features assist CPM 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, which the CPM system links 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

This is 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

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.

  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 market leading solutions.


Corporate Performance Management (CPM) Products

Listings (26-50 of 62)

SAP Profitability and Performance Management promises to help optimize business performance and improve the bottom line. The vendor says key capabilities include: Build, maintain, and utilize sophisticated business and financial models that support multiple allocation methods for costs and revenue…

3 Ratings

Axiom Software is a performance management solution that is designed to help finance professionals analyze results, model the future, and optimize organizational decision making. Solutions for long-range planning, budgeting & forecasting, reporting & analytics, consolidations, capital planni…

Oracle Planning and Budgeting Cloud provides planning and forecasting capabilities, what-if forecasting models, along with process and workflow capabilities. It is part of the Oracle Enterprise Performance Management Cloud. Click here to read reviews of Oracle EPM Cloud.

We don't have enough ratings and reviews to provide an overall score.

Bitam combines Business Intelligence (BI) with Corporate Performance Management (CPM).

SAS Financial Management provides predictive capabilities which allow customers to estimate the likelihood of meeting specific forecasts and estimations integration and cleansing of all financial data, budgeting, forecasting, scorecarding, simulation, and risk management.

We don't have enough ratings and reviews to provide an overall score.

CIWare (Causal Intelligence Ware) is a business intelligence platform. Some use cases include: Corporate Performance Management, Customer Value Management, Service Level Agreement, Channel Management and Budget and Planning.

We don't have enough ratings and reviews to provide an overall score.

Mona Planning is software designed to meet the planning, budgeting and forecasting needs of an organization. The software can be applied in a number of scenarios including project planning, performance management as well as strategic planning and controlling.

We don't have enough ratings and reviews to provide an overall score.

Mona InterWeb is web based solution designed to streamline the intercompany reconciliation process. It can be used on PCs, Macs, Smartphones and tablets.

We don't have enough ratings and reviews to provide an overall score.

Certent is online business software for financial compliance use cases such as financial reporting for ASC718 and financial filings (in XBRL and HTML) with the U.S. SEC. It includes equity management, disclosure management, and equity compensation reporting features. Certent is used by public and pr…

We don't have enough ratings and reviews to provide an overall score.

Prevero is a German provider of corporate performance management suite with BI capabilities. Customers are mainly SMBs in Germany, Austria, and Switzerland. The suite includes budgeting, forecasting, reporting, financial consolidation, dashboards, modeling and project portfolio planning.

We don't have enough ratings and reviews to provide an overall score.

Mono Group Reporting is a web-based financial planning and reporting solution. It is designed to enable the collection and consolidation of actuals, budget, and forecast data.

We don't have enough ratings and reviews to provide an overall score.

Mereo is a platform, that is designed to address several essential business management processes. The vendor’s value proposition that the platform brings together various services in an integrated, convenient and efficient manner. Users accessing Mereo platform can: - Plan the strategic challenges…

We don't have enough ratings and reviews to provide an overall score.

Corporater is a CPM suite offering balanced scorecards, KPIs and dashboards, budgeting and planning, and performance reporting. The company is based in Norway and it's customer base is mainly European. The platform is built on the powerful SAP HANA data platform.

We don't have enough ratings and reviews to provide an overall score.

SAS Cost and Profitability Management is an analytic application that models business processes to accurately determine process, product and customer cost and profitability. With this solution, you can make informed decisions to streamline processes, deliver revenue growth and reduce costs across th…

We don't have enough ratings and reviews to provide an overall score.

Multinational company Talentia Software headquartered in France offers their Corporate Performance Management (CPM) integrated suite of applications.

We don't have enough ratings and reviews to provide an overall score.

Performance Canvas' pcLegal targets mid-sized to large organizations that want a more unified and Excel-based approach to financial budgeting and planning, modeling, dashboards, profitability analysis, KPI setting, performance reporting, and advanced consolidation. It supports both on premise, host…

We don't have enough ratings and reviews to provide an overall score.

Performance Canvas Financials is a complete and cloud-based financial planning and analysis software.This cloud reporting, budgeting, forecasting, consolidation and KPI management software is designed to be installed and set up in just 5 minutes. It is suitable for small to large organizations and h…

We don't have enough ratings and reviews to provide an overall score.

According to the vendor, Onestream XF is the first smart corporate performance (CPM) platform that allows organizations to truly unify financial consolidation and reporting, planning, data quality and analytics.The vendor says their unique extensible dimensionality allows their customers to deliver …

We don't have enough ratings and reviews to provide an overall score.

Questica Performance captures key measures and provides dynamic analytic tools to evaluate and improve the effectiveness and efficiency of programs and services. It integrates with Questica Budget, and can be deployed as a web-based tool, on-premise, or cloud. The Questica suite of products are part…

We don't have enough ratings and reviews to provide an overall score.

DataRails is an augmented intelligence platform designed to enable finance professionals to independently work with data, and a financial analytics platform. It is a turnkey solution, that lets users work with cross-organizational data on their own. Users can uncover actionable insights in four step…

We don't have enough ratings and reviews to provide an overall score.

The Questica suite of products are part of a comprehensive web-based budgeting preparation, performance, management and data visualization solution that enables public sector and non-profit organizations to improve and shorten their budgeting cycles. Questica Budget is a fully featured, multi-user …

TrustRadius Top Rated for 2019

2019 Top Rated Corporate Performance Management (CPM) Software

There are plenty of options out there, but here's our shortlist of the best Corporate Performance Management (CPM) Software. 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. To qualify, a product must have 10 or more recent reviews and a trScore of 7.5 or higher, indicating above-average satisfaction for business technology. The products with the highest trScores appear first on the list. Read more about the Top Rated criteria.