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Corporate Performance Management

According to Gartner Research, “CPM [Corporate Performance Management] is an umbrella term that describes the methodologies, metrics, processes and systems used to monitor and manage the business performance of an enterprise. Applications that enable CPM translate strategically focused information to operational plans and send aggregated results. These applications are also integrated into many elements of the planning and control cycle, or they address BAM or customer relationship optimization needs. CPM must be supported by a suite of analytical applications that provide the functionality to support these processes, methodologies and metrics.”

Gartner also stipulates that Corporate Performance Management can be divided into Strategic Corporate Performance Management and Financial Corporate Performance Management.

Strategic Corporate Performance Management (SCPM) entails a CPM solution’s ability to deliver:

  • Financial Budgets and Plans
  • Complex Financial Budgets and Plans
  • Integrated Financial Planning, Modeling and Analytics
  • Integration
  • Ease of Implementation
  • Ease of Use
  • Ease of Maintenance/Upgrade
  • Support and Vendor Satisfaction
  • Enterprise Scalability

While Financial Corporate Performance Management (FCPM) entails a CPM solution’s ability to deliver:

  • Medium complexity FCPM
  • Complex FCPM
  • Process analytics
  • Cloud capability
  • Ease of implementation
  • Ease of use
  • Ease of maintenance/upgrade
  • Support and vendor satisfaction
  • Enterprise scalability
  • Integration

You can read more about the intricacies of FCPM and SCPM here.

Discover how CCH Tagetik delivers:

corporate performance management software