Corporate Performance Management

Corporate performance management (CPM) is the area of business intelligence (BI) 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.

Historically used within finance departments, CPM software is now designed to be used enterprise-wide, often as a complement to business intelligence systems. CPM software includes but is not limited to budgeting, forecasting, planning and consolidation functions, as well as graphical scorecards and dashboards to display and deliver corporate information to the stakeholders.

Blackline:

BlackLine’s Finance Transformation Solution empowers the accounting and finance function to manage and control the end-to-end financial close process by automating accounting workflows, providing a centralized and secure workspace to perform period-end accounting activities, and streamlining the process of financial reporting. The resulting absence of complex, manual, and error-prone steps inherent in dated accounting practices, enables teams to focus on analyzing discrepancies and uncovering new ways to create value for the organization. This Continuous Accounting approach that eliminates non-value adding activities and evenly distributes tasks across the close, facilitates continual monitoring for errors, fraud, and inefficiency, so accounting and finance leaders can innovate to sustain competitive advantage, even in the face of growing workloads and increasingly stringent regulatory environments.

BlackLine Accounting Process Automation solution improves the speed, accuracy, and reliability of the reconciliation to adjustment process by automating your routine and high-volume transactional processes. Through configurable, rules-based certification and matching workflows, controlled roles-based access, and automated journal validation, creation, and posting, organizations are able to put an end to repetitive tasks and enable teams to apply their valuable skills to larger issues that support strategic business objectives.

Jedox:

Integrated corporate performance management solution provides reliable data, insights and guidance to everyone in your company. Jedox delivers it all: Self-service budgeting, planning and forecasting combined with intuitive analytics and BI dashboards in one integrated software platform. Users across the enterprise in any department from finance to sales and human resources create integrated plans and reports based on the same data model and business logic.

Building strong links between strategic and operational planning – or operational and financial planning – is no simple task. Most CFOs have gone beyond spreadsheets with Business Intelligence (BI) and data discovery to analyze historic data. Yet the humble spreadsheet remains the enterprise standard for planning. A professional planning solution that integrates financial and operational plans produces more accurate results. This enhances the ability of the CFO as well as the executive team to align operational and strategic objectives.