These days, more than ever, financial planning analysis (FP&A) managers need to deploy tools that can help them support their businesses with faster and more agile planning, reporting and analysis. Whether it is functionality that supports forecasts with multiple scenarios or automated financials with self-service drill down, today’s managers need easy access to the right information so that they can make faster and better decisions. So, many organizations that run legacy corporate performance management (CPM) tools like SAP BPC or massive, manual Excel models that are at the breaking point, are now looking to migrate to a modern cloud platform for their budgeting, forecasting, reporting and
According to the 2020 Wisdom of Crowds Enterprise Performance Management Market Study, adoption of enterprise management software increased in 2020. Nearly half of all surveyed organizations now use enterprise performance management (EPM) / corporate performance management (CPM) software, and 78% of survey respondents rated this software as “critical,” “very important,” or “important” to their organization. Of course, enterprise and corporate performance management software is always useful for Finance and Operations planning, especially during the annual budgeting process, but in a time of economic uncertainty, the budgets that your organization created 12-18 months ago can seem stale and o
