Are you tired of manually planning and analyzing your financials? Are you struggling to consolidate and close your books accurately and efficiently? Then it’s time to consider the best Corporate Performance Management (CPM) solution. At SAM Corporate we cater solutions that provide a unified platform for managing financial data, reducing manual workload, and gaining deeper insights into business performance.
The main modules under CPM umbrella include Budgeting, Planning & Forecasting (BPF); Financial Close and Consolidation; Disclosure Management, FP&A, Account Reconciliation, and Compliance Regulatory Reporting. Gartner has best defined Corporate Performance Management as an umbrella term that describes the methodologies, metrics, processes, and systems used to monitor and manage the business performance of an enterprise.
It refers to the ability of a CPM solution to support the Office of Finance in overseeing and enhancing organizational performance and strategic management.
It refers to the ability of a CPM solution to support the Office of Finance in successfully completing financial closings and managing the accounting process.
Companies meeting the following conditions should consider investing in a CPM system:
Complex consolidation due to multiple entities, legal hierarchies, and accounting requirements
Seeking to adopt agility in enterprise planning as a proactive approach to prepare for disruptions and instances necessitating rapid adaptations
Isolated data in departmental or subsidiary, requiring manual data collection to retrieve
Data-intensive processes such as disclosure calculations and consolidation – take days to process and render
Having plans for extensive growth, M&A, or global expansion
Keeping financial performance at the top of all decisions
CPM empowers finance to take the lead, ensuring operational decisions are grounded in a comprehensive understanding of actual profitability, expenses, and their repercussions on financial statements. This holistic approach enables executive management to feel the association of financial data with various departments, lines of business, branches, and more, allowing them to make informed decisions with a complete panoramic understanding of their consequences.
Enhancing efficiency
Manual tasks such as data collection, closing, consolidation, reporting, and analysis can be time-consuming and prone to errors when relying on human input. CPM provides users with automated tools to expedite these tasks, reducing the potential for human error.
With the capability to access performance data at various levels of granularity, CPM software solutions enable users to uncover underlying trends in data and gain insight into the ramifications of business decisions across the entire organization.
You can promptly pinpoint deficiencies and emerging financial risks by observing real-time performance trends. Leveraging tools like dashboards and automated reports, executive management gains the capability to detect shifts in performance as they unfold in real-time.
Integrated source systems streamline data flow by minimizing the need for multiple data handovers, such as data imports and exports between different systems. This can improve data quality, reduce latency, and increase efficiency.
You can promptly pinpoint deficiencies and emerging financial risks by observing real-time performance trends. Leveraging tools like dashboards and automated reports, executive management gains the capability to detect shifts in performance as they unfold in real-time.
Elevate your strategy with swift and well-informed decision-making. Empower your organization’s digital transformation while optimizing financial close & consolidation, budgeting, forecasting, and planning processes.
Create accurate and reliable budgets and forecasts.
Real-time visibility with intuitive dashboards.
Save time with automated intercompany (IC) transaction.
Know your cash position with direct cash flow planning.
Collaborate, maintain data governance and control.
Automatic roll reports forward.
A CPM solution is a software platform designed to assist organizations in planning, budgeting, forecasting, and analyzing their financial and operational performance.
In essence, Corporate Performance Management software serves as a strategic toolset, encompassing various functions aimed at optimizing an organization’s performance by enabling efficient planning, analysis, and management of financial and operational aspects.
CPM for financial budgeting involves the process of creating a financial plan for an organization’s future period, detailing expected revenues, expenses, and cash flows to align with strategic objectives. They enable organizations to align their financial plans with strategic objectives, often allowing for scenario planning and what-if analysis.
Experience the transformative power of CPM solutions as countless organizations break free from the constraints of spreadsheets and outdated legacy applications. Embrace the revolution and unlock your true potential!
