what are corporate
performance management systems?
Corporate Performance Management (CPM) is systems (software) for managing various financial processes, e.g. planning, forecasting, consolidation and reporting. A CPM system provides a quick overview of how things stand, i.e. both general performance and more specific objectives both for the business and for the employees. A wide range of different performance management systems are available, all of which provide the company with a single tool for financial processes and automation of work processes.
CPM systems have many purposes and advantages, e.g.:
- Achieving a single common truth
- Making decisions based on data, not gut feelings
- Reinforcing insight across the company
- Making processes dynamic and automated
- Providing access to many different input providers
Whatever your business’s motivation is, we are ready to help. At Inspari we focus on the following parts of CPM: budgeting, planning, forecasting and financial consolidation. As a BI institution we already have great insight into the data, and thus advise, implement and support.