CPM software out of the shadows: Tips on taking advantage of CPM tools

CPM software out of the shadows: Tips on taking advantage of CPM tools

CPM software out of the shadows: Tips on taking advantage of CPM tools

Date: Nov 30, 2011

Corporate performance management (CPM) software isn’t a hot new technology, so it can easily get lost in the shuffle of highly-touted emerging technologies like mobile business intelligence and “big data” analytics tools. However, old doesn’t necessarily mean outdated, and companies would be wise to consider leveraging CPM software and techniques to improve the quality of their business operations, according to Evan Levy, co-founder of Baseline Consulting and now head of consulting services at SAS Institute Inc.’s DataFlux subsidiary.

“The value of performance management -- it isn’t just about growing [a business],” Levy said in a video interview with SearchBusinessAnalytics.com. “It’s also about, ‘How can I retreat from areas where I’m not as profitable?’ It’s knowing the right data to use [to make business decisions] and making it easily visible.”

In the 11-minute interview with Levy, viewers will learn why it’s important for businesses to measure metrics they can act upon and will get tips for spreading CPM technology outside of the finance group within an organization.

More resources on corporate performance management software:

 

More on Corporate Performance Management Software

  • Gartner: CFOs underutilize corporate performance management software

    News - IBM, Oracle and SAP topped Gartner's latest Magic Quadrant for CPM software, which shows a move toward SaaS and financial governance.

    ( Apr 04, 2012 )

  • mobile expense management

    Definition - Mobile expense management is the processes, assisted by specialized software, that an organization uses to manage the costs of its mobile communications network.
  • financial data management

    Definition - Financial data management (FDM) is a process and policy, usually assisted by specialized software, that allows an enterprise or institution to consolidate its financial information, maintain compliance with accounting rules and laws, and produce detailed financial reports.
  • treasury management

    Definition - Treasury management is the administration of a company’s cash flow as well as the creation and governance of policies and procedures that ensure the company manages risk successfully.
  • performance management software

    Definition - Performance management software is a computer program or suite that makes it possible for an organization to monitor and optimize the overall effectiveness of its workforce at the individual and collective levels.