Name: PlaceCPM
Price: 350 USD
Author: PlaceCPM

Digital Adoption

Help Desk

Web and Video Conferencing

Customer Support

Software Configuration Management

WebOps

Development

Higher Education

Education

Business Intelligence (BI)

Collaboration

File Sharing

Streaming Analytics

Visual Collaboration

VoIP

Enterprise

Accounting

Payment Orchestration

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Engagement

HR Management

Payroll

Recruitment Agency

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Bug Bounty

C/C++ Integrated Development Environments

Cloud Storage

Data Recovery Service

Database Management

Enterprise Architecture Management

Fraud Detection

Hadoop-Related

High Availability Cluster

Identity Governance and Administration

Integration Platform as a Service (iPaaS)

IoT Security

MLOps

Network Performance Monitoring

Network Virtualization

Non-Relational Databases

Process Mining

Session Border Controllers

Threat Hunting

Web Access Management

Web Portal

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Consumer Ratings & Reviews

Content Management

Customer Reference Management

Demand Generation

Email Marketing

Email Testing

Local Listing Management

Marketing Automation

Personalization Engines

Retail Media Advertising

SMS Marketing

Social Media Management

Survey & Forms Building

Video

Web Analytics

Marketing

Project Management

Prototyping

Professional Services

Conversation Intelligence

Customer Relationship Management (CRM)

Multichannel Retail

Sales

Insurance Underwriting and Rating

Library Management

Medical Billing

Military and Defense

Moving Software

OSS/BSS (Operations Support/Business Support)

Vertical-Specific

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### Financial Forecasting
Users universally praise PlaceCPM's financial forecasting capabilities. Reviewers consistently highlight the tool's ability to provide detailed and customizable forecasting reports, enabling them to make informed decisions quickly. The real-time forecasting features, particularly in cash flow and revenue forecasting, have been a game-changer for many users, allowing for more accurate and dynamic planning. Additionally, the ease of use and the ability to drill down into specific entries from accounting systems have been commended, making PlaceCPM a valuable asset for financial forecasting and planning.

### Cash Flow Management
Users generally praise PlaceCPM's cash flow forecasting capabilities. Reviewers appreciate the tool's ability to provide insights into both profit and loss projections and cash flow forecasts. Some users find the platform's cash flow reporting to be comprehensive and insightful, allowing for better financial planning and decision-making. However, a few users express a desire for more customization options in the cash flow reporting feature, particularly in selecting specific general ledger accounts to be included. Despite this minor feedback, overall sentiment leans towards positive regarding PlaceCPM's cash flow management functionality.

### Budgeting and Planning
Users appreciate the effectiveness and ease of use of PlaceCPM's budgeting and forecasting features. While some find transaction-level budgeting to be somewhat repetitive initially, the Place team's support in sharing best practices and optimizing platform usage has been valuable. In general, users seem to have a positive outlook on PlaceCPM's budgeting and planning capabilities, highlighting its contribution to enhancing financial forecasting and planning within their businesses.

### Salesforce Integration
User feedback consistently highlights the ease of syncing Salesforce with PlaceCPM, allowing for real-time forecasting and a comprehensive view of financial data. The integration with Xero and Quickbooks is particularly lauded for providing a holistic perspective on projected costs, revenue, and cash flow. Customers appreciate the ability to manage subscriptions, forecast employees, and analyze the financial impact of various scenarios within the Salesforce platform. The general sentiment leans towards positive regarding PlaceCPM's Salesforce integration, with users finding it instrumental in streamlining business operations and facilitating informed decision-making.

### QuickBooks Integration
Users appreciate the convenience of being able to access and analyze their Quickbooks data directly within PlaceCPM, streamlining their financial analysis processes. The ability to link Quickbooks to Salesforce for a comprehensive view of projected costs and revenue has been particularly well-received, allowing for more informed decision-making based on real-time data integration. This integration feature has enabled users to transition from static excel modeling to dynamic financial forecasting, providing enhanced visibility into their cash flow pipeline.

### Data Integration and Automation
Users also appreciate PlaceCPM's customer support and adaptable forecasting scenarios, which further enhance the integration experience. The ability to marry Salesforce data with accounting information is seen as a significant advantage, providing users with a comprehensive view of their business operations. While some users have expressed concerns about the integration with specific CRM and accounting software, overall, PlaceCPM's data integration and automation capabilities are viewed positively by the majority of reviewers.

PlaceCPM is a versatile tool that enables users to move away from spreadsheets and avoid inconsistencies in formulas. With the ability to distribute income, expenses, and related movements into different months based on client and vendor payment setup, PlaceCPM provides users with greater control over financial planning and forecasting. Users have found that PlaceCPM effectively solves challenges related to projecting and forecasting the income statement. They appreciate its integration with Salesforce Opportunity records, which allows for easy revenue forecasting and inclusion of booked deals. Additionally, users find the software's analysis capabilities valuable, as it enables them to analyze expenses within specific periods or by department, providing better insight into sales and expenses for future planning. By replacing static Excel spreadsheets with dynamic financial forecasting, PlaceCPM has eliminated the need for cumbersome spreadsheets and provided on-the-spot reports and revenue forecasting.

Cons:
1. Steep learning curve: Some users have mentioned that it takes time to learn the ins and outs of the platform, particularly with regards to understanding the setup process and how it affects forecasts.
2. Lack of functionality: Reviewers have expressed that the platform is still new and building out its functionality. They feel that there are certain features, such as cashflow presentation and forecast generation from operations, investing, and financing, that are missing or not as robust as more sophisticated software options.
3. Cumbersome setup process: Several users have found some steps in the setup process to be cumbersome and time-consuming. They would like to see improvements or more streamlined methods for setting up their accounts and customizing reporting options.

Overall, while users appreciate aspects of the platform such as transaction-level budgeting support and responsive customer service from the PlaceCPM team, they have highlighted areas where they believe enhancements could be made to improve usability and meet their specific business needs.

Real-time availability of information: Users highly value the real-time availability of information in PlaceCPM, as it allows them to stay updated on their financial forecasts at all times. 
User-friendly interface: The user-friendly interface of PlaceCPM makes it easy for users to get started without any learning curve. This is particularly beneficial for companies experiencing growth and needing a tool that can handle scenario planning and forecasting for hiring needs.
Elimination of manual budget tracking: Many users appreciate that PlaceCPM eliminates the need for manual budget tracking and analysis, allowing them to focus on more critical business needs. This streamlining of processes is highly appreciated by reviewers.

Users commonly recommend PlaceCPM for its barebone structure, which is suitable for most small to mid-size businesses. They also praise the unique and powerful forecasting tool built on force.com, as well as the integration of QuickBooks data into Salesforce, enabling predictive analysis. Additionally, users suggest trying PlaceCPM as it effectively tackles both P&L and Flow processes and delivers actionable insights. It is also recommended to check if PlaceCPM integrates with CRM and accounting software. Overall, users find PlaceCPM to be a nice tool that replaces manual processes and provides valuable insights.

Startup (for companies with 1-15 employees)

Growth (for companies with 16-100 employees)

Established (for companies with 101-300 employees)

Enterprise (for companies with 300+ employees)

SAP Analytics Cloud for Business Intelligence

SAP Analytics Cloud for Planning

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.

Professional

Complete

PlaceCPM

Corporate 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.

Corporate Performance Management (CPM)

Using PlaceCPM: How We Make Better Business Decisions, Faster

PlaceCPM is the top corporate performance management tool for Salesforce.

Place Technology, Inc. is a venture-backed software company building innovative applications on the Salesforce Platform that simplify business operations.

Budgeting, Planning, and 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

Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.

Forecasting

Combining actuals and budgets, rolling forecasts, driver-based models.

Scenario modeling

Financial or operational modeling of alternate future states and planning for each.

Management reporting

Budget vs. actual or forecast, P&L’s, performance over time, between products etc.

Consolidation and Close

Consolidation of data from multiple entities with currency management, reporting and audit trails.

Financial data consolidation

Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.

Journal entries and reports

Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.

Multi-currency management

Ability to handle foreign currency conversions during consolidation.

Intercompany Eliminations

Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.

Minority Ownership

Consolidate financials full or partial ownership of subsidiaries, equity pick-up.

Local and consolidated reporting

Ability to report against individual business entities and the consolidated umbrella entity.

Detailed Audit Trails

Tracing changes to data and processes that were run.

Financial Reporting and Compliance

Financial statements and regulatory filings

Financial Statement Reporting

Creation and production of balance sheets, income statements, cash flows, other schedules

Management Reporting

Tools facilitating creation of internal ad hoc or standard reports.

Excel-based Reporting

Ad hoc or formatted reports using MS Excel.

Automated board and financial reporting

Tools to help automate creation of regulatory reports such as SEC filings and board books.

XBRL support for regulatory filing

Support for the XBRL standard reporting format for exchanging financial data.

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

Personalized dashboards

Create custom dashboards and reports without the help of IT or administrators.

Color-coded scorecards

Track and analyze performances with interactive, color-coded balanced scorecards.

KPIs

Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.

Cost and profitability analysis

Cost and profitability analysis provides data for business decision making.

Key Performance Indicator setting

Ability to set key performance indicators for measuring progress towards goals.

Benchmarking with external data

CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.

Integration

Ability to integrate with external applications.

Flat file integration

Integration of flat files like text documents and comma separated files

Excel data integration

Ability to integrate directly with Excel data.

Direct links to 3rd-party data sources

Integration with external applications like ERP, CRM, HCM

BI Standard Reporting

Standard reporting means pre-built or canned reports available to users without having to create them.

Pixel Perfect reports

Pixel Perfect reports are highly-formatted reports with graphics and ability to preview the report before printing.

Customizable dashboards

Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.

Report Formatting Templates

Ad-hoc Reporting

Ad-Hoc Reports are reports built by the user to meet highly specific requirements.

Drill-down analysis

Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.

Formatting capabilities

Ability to format output e.g. conditional formatting, lines, headers, footers.

Predictive modeling

Predictive modeling is the ability to build future forecasting models.

PlaceCPM

Overview

What is PlaceCPM?