This article will explore and discuss what planning should and will look like in the future, zooming in on what you need to know about finding the right solution for your organization. Last week, I wrote generally about Corporate Performance Management (CPM) in the future. This week, let’s focus on planning or budgeting, forecasting, and modeling in streamlined, modern, collaborative ways that mirror the times – through technological solutions. In the coming years, CPM platforms will offer fully integrated strategic planning, forecasting and budgeting functionality as part of their CPM suites. Here is some of the key functionality that will help support optimal forecasting and budgeting: Eve
Corporate Performance Management in the Future: How to Upgrade Reporting, Budgeting, Dashboards, and
The purpose of this blog entry is to help you shape a vision for the optimal decision-making platform that your company should plan for today to be ready for the future. Sure, corporate performance management (CPM) vendors will keep innovating and delivering powerful features that may not even have been requested by their customers yet, but most likely, your company has a lot of homework to do while vendors work on delivering the CPM portals and tools of tomorrow that will optimize their customers’ decision-making. Almost no organizations today are close to “CPM Nirvana.” They suffer from the burden of maintaining report writers across their different systems and a lack of enterprise-wide da
This article concludes the discussion of the top five problems facing CEOs today in regard to corporate performance management, with a focus on reporting. In interviewing a very successful CEO and founder of a large company, he expressed the corporate performance management (CPM) issues he faced, and all of them are echoed by hundreds of other executives I have spoken with in recent years. He then explained his vision of the “ideal” solution to his issues. In summary, these were the problems he faced: Lack of one version of the truth when discussing performance. Lack of accountability because management commentary was not tracked along with their reports. “Analysis paralysis” – too many repo
