5 Best Corporate Performance Management Software (CPM tools)

Last updated on by Editorial Staff
Corporate Performance Management Software

Every business wants to be as successful as possible, but knowing where to start is not always easy.

For example, corporate performance management or CPM software is essential for businesses of all sizes.

However, with so many different options on the market, it can be hard to know which one is right for you.

This blog post will introduce you to the five best corporate performance management software programs of 2022. With any of these options, you’ll be well on your way to improving your company’s performance.

What is Corporate Performance Management Software?

Performance management is a term used in organizations to describe the systematic process of measuring, analyzing, and improving the organization’s performance.

Corporate performance management software is a type of software that helps businesses improve their performance. Corporate performance management software can help companies track and analyze their data and set and track goals.

As a result, companies can use corporate performance management software to improve everything from their financial results to their customer service.

There are many different types of corporate performance management software programs on the market, each with unique features and benefits. However, not all of these programs are created equal. To help you find the best corporate performance management software for your organization, we’ve compiled a list of the five best programs for 2022.

List of the five best software

1. Anaplan

Anaplan is a corporate performance management software that helps businesses improve their performance. This software can help companies track and analyze their data and set and track goals.

Anaplan CPM

Key features

Anaplan is a cloud-based corporate performance management software that helps businesses make better decisions by providing a single view of their performance data. Some key features of Anaplan include:

  • Real-time visibility into business performance
  • Rapid deployment and easy user adoption
  • A comprehensive suite of capabilities for financial planning, budgeting&forecasting, operational planning, sales planning, supply&demand planning
  • A comprehensive suite of capabilities for sales insights, sales incentives

Our opinion

The Anaplan software is an excellent option for those looking for a corporate performance management solution. It is an easy-to-use, responsive planning platform with many great features that can help businesses track and manage their performance.

Overall, the Anaplan software is an excellent choice for any business looking for a corporate performance management solution.

Pricing

The software offers three types of editions.

  1. Basic
  2. Professional
  3. Enterprise

You need to get a custom quote by giving your details to get the detail.

Anaplan Pricing Details

Like

  • It helps businesses to plan, budget, and forecast more accurately.
  • It improves decision-making by providing timely and accurate insights into business performance.
  • It enables businesses to track and monitor KPIs in real-time.
  • It allows for collaboration across different departments and teams.
  • It is scalable and can be customized to fit the specific needs of a business.
  • It is an easily customizable tool.

Dislike

  • It can be challenging to learn and use.
  • The reporting capabilities are limited compared to other
  • Advanced workflow features are not available

2. OneStream

OneStream Software is a top-rated corporate performance management solution that helps businesses optimize performance and achieve goals. In addition, it allows businesses to manage their finances and operations more effectively.

OneStream CPM

Key features

OneStream software provides the following key features:

  • Real-time performance management and analysis
  • Drill down into data to uncover insights
  • Comprehensive reporting and visualization
  • Planning, budgeting & forecasting

Our opinion

OneStream Software is an excellent choice for corporate performance management. It’s easy to use and can be customized to meet your organization’s specific needs.

It also has a robust reporting feature that makes it easy to track progress and identify areas for improvement.

Pricing

The vendor has not disclosed the pricing publicly. For details, contact OneStream directly.

Like

  • It provides a single platform for all financial data, including budgeting, forecasting, consolidations, reporting, and compliance.
  • It provides real-time visibility into financial performance across the organization.
  • Improves decision-making with access to accurate and timely information
  • Reduces complexity and costs associated with managing multiple disparate systems.

Dislike

  • Using the dashboard is not so easy.
  • Automation needs to be improved.
  • It does not work like excel.

3. Planful

Planful is a cloud-based software that helps businesses to manage their performance. It allows users to create and track goals, tasks, and projects. The software also provides users with insights and analytics to help them improve their performance. Planful is a great tool for businesses of all sizes.

Key features

  • Create and track goals, tasks, and projects
  • Planning, budgeting, and forecasting
  • Provide insights and analytics to enhance performance
  • Consolidates financial data from multiple sources into one central system
  • Financial reporting helps to deliver financial insights across the organization

Our opinion

Planful software is an excellent choice for businesses looking for corporate performance management solutions. The company’s software is easy to use and helps businesses track their performance against specific goals.

Planful software also offers excellent customer support, which is essential for any business looking to implement corporate performance management software.

Pricing

The vendor has not provided the pricing details. You need to contact the vendor to get it.

Like

  • Comprehensive reporting and analysis capabilities: Planful software provides powerful reporting and analysis capabilities that help organizations track their performance against targets and goals.
  • Ease of use: Planful software is easy to use, with a user-friendly interface that makes it simple to navigate and use the various features and functions.
  • Flexibility: Planful software is highly flexible, allowing organizations to customize it to meet their specific needs and requirements.

Dislike

  • Sometimes data drops from WFP, and you need to reprocess the things to get data
  • Planning will be complicated for small companies
  • You can access the software only with a good internet connection.

4. Prophix

Prophix is a corporate performance management software that helps organizations improve their performance through better decision-making. It does this by providing visibility and insight into financial and operational data. That allows businesses to see how they perform against their goals and make changes where necessary.

Prophix CPM

Key features

  • Easily creates and manages the company’s budget.
  • Get real-time insights into the company’s spending and performance.
  • Make better decisions with actionable data visualizations.
  • Access account from anywhere, on any device.
  • Monitors and improves the company’s performance with reports and analytics.
  • Quickly and easily consolidate financial data from multiple entities.

Our opinion

We think Prophix software is an excellent option for corporate performance management. It has a wide variety of features that can help companies track and analyze their performance and is very easy to use. This makes it a great choice for organizations of all sizes.

Pricing

It does not provide pricing details on its website. Contact the vendor for accurate information.

Like

  • It is effortless to use, making it perfect for organizations of all sizes.
  • Generation of data modules is easy and flexible.
  • It has many features that can help companies track and analyze their performance. That makes it an excellent choice for organizations that want to improve their performance.

Dislike

  • Reporting is not inherent, and it is difficult to make changes in reports.
  • Average customer service.
  • The software works slowly when more people use it at a time.

5. Vena

Vena software is an excellent choice for organizations that want to improve their performance. It has a wide range of features that can help companies track and analyze their performance and is very easy to use. That makes it perfect for organizations of all sizes.

Vena

Key features

Vena software is the most comprehensive and user-friendly corporate performance management software on the market. It offers a wide range of features to help businesses track and analyze their performance, including:

  • Financial reporting: Easily create accurate financial statements and reports based on your data.
  • Financial planning and analysis: Model different scenarios and plan for the future with powerful financial analysis tools.
  • Budgeting and forecasting: Create accurate budgets and forecasts to help make informed decisions.
  • Financial close management: Streamline and automate the close financial process with ease.
  • Agile planning and reporting: Quickly adapt to changes with Vena’s flexible planning and reporting capabilities.

Our opinion

We believe Vena Software is a great option for corporate performance management. Their software is easy to use and navigate, and the team at Vena is always available to help with any questions or concerns.

Additionally, their software is constantly updated with the latest features and functionality, so businesses can be confident that they are getting the most out of their investment.

Pricing

Pricing details are not available publically. Contact vena to get more details about vena pricing.

Like

  • Implementation of the software takes less time
  • Easy user-interface
  • Automated day-to-day processes like reporting, budgeting, and forecasting

Dislike

  • While implementing the software, you need to have at least one experienced hand in organization for easy implementation.
  • It takes more time to load lengthy reports.

FAQs

What are some things to look for in a CPM software solution?

When choosing a corporate performance management software solution, it is essential to consider your specific needs and business goals.
Additionally, it would help if you looked for a solution that is easy to use and provides the required features and functionality. Furthermore, ensuring that the vendor offers good customer support if you have any questions or problems is essential.

What are some benefits of using CPM software?

CPM software has many benefits, including Improved decision making, better visibility into business performance, more efficient and effective operations, increased profitability, and faster and more accurate financial reporting.

Conclusion

The corporate performance management software market is growing and changing rapidly. It can be challenging to keep up with the changes and know which product is the best for your company.

This article provides a list of the best corporate performance management software products available and describes what each one does. This should help you make an informed decision about which product is right for your company.

Reference