Strategy management, profitability modeling eyed by CPM tool users

Corporate performance management systems are mostly used for forecasting, planning and budgeting. But many CPM tool users want to expand into other areas, based on survey results.

Strategy management, profitability modeling eyed by CPM tool users

CPM tool, strategy management, profitbaility modeling
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A majority of the surveyed companies that had deployed or planned to adopt corporate performance management (CPM) software want to get more out of their CPM tools than just forecasting, budgeting and planning. According to the survey results, 62% of CPM adopters said that their organizations were using or looking to take advantage of their CPM systems for strategy management, and 67% reported usage of or interest in the profitability modeling and optimization capabilities provided by CPM tools.

Historically, CPM software has been used primarily by finance workers for budgeting purposes. Not much has changed in that regard yet: Most CPM tool adoption starts because a business wants to improve its financial management process. But CPM software doesn’t need to be strictly a finance department tool, according to industry analysts who offered a variety of tips on expanding a CPM system for enterprise CPM uses.

CPM tool adoption and usage resources:

  • As companies shift their focus from surviving the recession to thriving in a still-uncertain economy, CPM software and effective performance management techniques might have a bigger role to play in business decision-making. Read an overview of CPM tools and the CPM market.
  • CPM projects involve more than technical issues such as performance or ensuring that business users have access to clean and consistent data. Get advice on deploying a CPM system from experienced IT professionals and industry analysts.
  • Get up to speed on the potential benefits of financial performance management software and other CPM tools, as well as the challenges that organizations can face in deploying and using them.
  • In a recent customer satisfaction survey conducted by Gartner, CPM pure-plays and SaaS CPM vendors outranked the CPM mega-vendors. Find out which vendors topped the list, and get Gartner’s analysis of the reasons why the results turned out the way they did.

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This was first published in December 2010
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