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Top Corporate Performance
Management (CPM) Software 2024

Forget endless spreadsheets and manual calculations. Corporate Performance Management (CPM) streamlines financial planning and analysis, ensuring your business operates at peak performance. From budgeting and modeling to data gathering, CPM tools empower your finance team to analyze, collaborate, and plan with speed and accuracy.

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What is Corporate Performance Management (CPM)?

Imagine a powerful cockpit for your business, where you can monitor every aspect of its performance, identify areas for improvement, and make data-driven decisions that propel growth. That’s the essence of Corporate Performance Management (CPM). It’s not just about numbers; it’s about understanding the story behind them.

CPM encompasses the systems, processes, and metrics you use to assess and manage your business’s health. It’s the bridge between your strategic goals and operational reality, providing insights that fuel smart decisions at every level.

Think of it like this:

  • Finance & Planning Analysts (FP&A) use CPM to assess employee productivity, create accurate forecasts, and optimize spending.
  • Executives leverage CPM to track progress towards strategic objectives, identify potential risks, and ensure resources are allocated efficiently.
  • All departments benefit from the transparency and data-driven insights CPM provides, allowing them to align their efforts with overall goals.

Introducing CPM Tool

A CPM tool is your digital co-pilot, equipped with the instruments you need to navigate the complex landscape of business performance. It helps you:

  • Measure and assess: Track key performance indicators (KPIs) across your entire organization, from employee productivity to operational efficiency.
  • Analyze and interpret: Dive deeper into the data, identifying trends, patterns, and areas for improvement.
  • Present and recommend: Share your insights in clear, actionable reports that guide decision-making and drive growth.

Think of it like this:

  • Visualize performance: Turn complex data into intuitive dashboards and charts, making insights easily accessible to everyone.
  • Collaborate and share: Facilitate communication and alignment across departments, fostering a data-driven culture.
  • Forecast and predict: Make informed decisions based on data-driven projections and simulations.

Let’s explore the top corporate performance management software 2024!

1. CCH Tagetik

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Key Features of CCH Tagetik:

Built on a unified platform, CCH Tagetik streamlines workflows, and delivers faster, more accurate closings. From budgeting and forecasting to detailed reporting and scenario analysis, CCH Tagetik provides a single source of truth for all your financial data.

  • Connect Finance and Operations: Break down silos and achieve true convergence. Analyze operational data alongside financial metrics for data-driven decision making.
  • Supply Chain Optimization: Gain insights into inventory levels, demand forecasting, and production planning to optimize your supply chain and improve efficiency.
  • Cross-functional Collaboration: Foster collaborative planning and reporting across departments, ensuring everyone is working towards the same goals.
  • Predictive Intelligence: Leverage machine learning to forecast future performance, identify risks and opportunities, and make proactive decisions.
  • Analytic Information Hub: Centralize, transform, and harmonize data from diverse sources, creating a single point of truth for accurate analysis.
  • Cloud or On-premises Deployment: Choose the deployment option that best suits your needs and infrastructure.
  • Open Architecture & Multi-platform: Seamless integration with existing systems and applications for a smooth transition.
  • Scalability and Adaptability: CCH Tagetik grows with your business, easily adapting to your evolving needs and data volumes.
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2. OneStream Software

Built on a unified platform, OneStream streamlines and connects crucial financial processes, transforming data into actionable insights that empower informed decision-making across the entire organization.

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Key Features of OneStream
  • Unified Platform: OneStream breaks down silos by unifying data management, financial close and consolidation, planning, reporting, analytics, and even machine learning into a single, centralized platform. This eliminates data discrepancies, accelerates financial processes, and fosters collaboration between finance and operations teams.
  • Streamlined Financial Close: With automation and real-time data consolidation, OneStream significantly reduces the time and effort required for the financial close. This frees up valuable resources for higher-level financial analysis and strategic planning.
  • Agile Planning and Forecasting: OneStream empowers businesses to build flexible and dynamic budgets and forecasts, readily adapting to changing market conditions and opportunities. Scenario planning and rolling forecasts ensure agility and informed decision-making.
  • Enhanced Reporting and Analytics: OneStream goes beyond basic reporting, providing intuitive dashboards and interactive reports that deliver deeper financial insights. Drill-down capabilities and ad-hoc analysis empower non-finance users to understand the financial implications of their actions.
  • Machine Learning Integration: OneStream harnesses the power of AI and machine learning to automate tasks, predict trends, and identify anomalies. This proactive approach minimizes risks and optimizes financial performance.
  • Extensible Architecture: OneStream’s flexible platform allows for customization and integration with existing systems, facilitating future growth and evolving business needs.
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3. Solver

Solver is a comprehensive, cloud-based solution that unifies critical aspects of financial management like budgeting, forecasting, reporting, and consolidation.

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Key Features of Solver CPM
  • Automated Data Integration: No more manual data entry! Solver bridges the gap between your ERP systems, databases, and other data sources, automatically pulling in the information you need for accurate and timely reports.
  • Intuitive Budgeting and Forecasting: Build detailed budgets and forecasts with ease, thanks to Solver’s user-friendly interface and flexible modeling capabilities. Analyze different scenarios and adjust based on market changes, ensuring your financial plans remain dynamic and adaptable.
  • Streamlined Reporting and Consolidation: Generate comprehensive reports and perform complex financial consolidations effortlessly. Solver automates tedious tasks, freeing up your time for deeper analysis and strategic decision-making.
  • Data Visualization and Dashboards: Transform complex data into clear, visually compelling dashboards. Track key metrics, monitor trends, and identify areas for improvement at a glance.
  • Excel-to-Web Collaboration: For those comfortable in Excel, Solver offers a familiar experience with enhanced power. Design reports and budget forms in Excel, then seamlessly publish them to the web for collaborative access and easier sharing.
  • Global Cloud Accessibility: Access Solver anytime, anywhere from any device with an internet connection. This cloud-based approach fosters seamless collaboration across multiple locations and promotes agile decision-making.
  • Customization and Scalability: Whether you’re a small business or a large enterprise, Solver adapts to your specific needs. Customize workflows, reports, and dashboards to fit your unique business processes.
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4. Fluence

It’s a cloud-based, close-to-disclose platform designed to eliminate the pain points of traditional methods and empower finance teams to work smarter, not harder.

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Key Features of Fluence:
  • Streamlined consolidation: Say goodbye to error-prone spreadsheets and endless reconciliations. Fluence offers automated tasks, pre-built intercompany eliminations, and real-time data visibility, ensuring accurate and efficient consolidation.
  • Faster financial close: Forget late nights and weekend crunching. Fluence’s workflow automation, customizable dashboards, and collaboration tools help accelerate the closing process, freeing up valuable time for analysis and strategic decision-making.
  • Enhanced reporting: Ditch static reports and embrace dynamic storytelling. Fluence integrates with familiar tools like Excel and Power BI, allowing you to create insightful, interactive reports that paint a clear picture of your financial performance.
  • Excel-based familiarity: No need to learn a new language. Fluence’s intuitive interface mirrors the Excel experience, minimizing IT involvement and making it easy for your team to adopt the platform.
  • Built-in controls and compliance: Ensure data integrity and regulatory compliance with Fluence’s robust audit trails, user permissions, and automated control procedures.
  • Seamless integration: Fluence plays well with others. It integrates with leading FP&A solutions allowing you to leverage your existing data and workflows.
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What to look for in Corporate Performance Management Software?

Break free from rigid spreadsheets with our flexible, user-friendly CPM platform. Automate tedious tasks, collaborate in real-time, and generate stunning reports with just a few clicks.

Great CPM software includes many key features:
  • Budgeting, planning & forecasting
  • Financial close & consolidation
  • Financial reporting, analytics & compliance
  • Profitability modeling
  • Overhead and operational costs
  • Calculating ROI
  • Multi-currency management
  • Minority ownership
  • Detailed audit trails
  • Local and consolidated reporting
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