What type of industry are you in, and what does that mean for your business model (service based, product based, etc.)?ĭoes your executive team rely on real-time data to make agile decisions ?Īre you, like many modern corporate leaders, replacing your annual budgeting process with forecasting ? Will your executive team and/or employees need access to cloud-based reporting that they can access from their home office or mobile device on the go?ĭoes your company have a global footprint that includes a large number of subsidiaries in various countries requiring complex, multicurrency consolidations ? When considering your options for budgeting and reporting software or CPM tools, it is a smart idea to: Assess your business requirementsĭo you have a specific ERP that you need to integrate with your Corporate Performance Management solution? The following introductory section will help you establish a process that gets you on the path to determining your priorities. Using the tool will require you to prioritize your company’s needs. Later on in this article, you will gain access to an interactive CPM evaluation tool, which will help you clearly compare your CPM options.
PART 1 – Key Evaluation Criteria for CPM Toolsįirst, before you dive into specific details about how to evaluate CPM tools, you will want to determine the most important evaluation criteria for your specific corporation. To help, here is the in-depth guide with the information you need for choosing Corporate Performance Management software. Since you are here reading this article, you already know that CPM tools (defined as Corporate Performance Management software including budgeting software and financial reporting software) deliver one of the best ways to ensure your enterprise has access to up-to-date, accurate data at all times.īut which are the best Corporate Performance Management tools that you should use for your organization? There are quite a few options for budgeting and reporting software out there – and it is important that your company choose the right one. It is also a truism that agility is powered by accurate, up-to-the-second, actionable data that drives quick and confident decision making.
In today’s fast-paced business landscape, it is a truism that agility is the key to success.
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