Top 5 Corporate Performance Management Software Of 2022

“What we can control is our performance and our execution and that's what we are going to focus on.” - Bill Belichick

Thanks for that, Bill! It is indeed a competitive advantage that every corporate strives for and drives its workforce towards. Becoming agile in every sense is what is expected from businesses nowadays and it is important to have robust performance management strategies in place. Having said that, it is very imperative for every organization to understand what they are trying to achieve, if the strategies they have laid out are aligned to their business objectives and if the execution is done right. Not that simple, right?

Well, it can be made simple - all you need to do is focus on the business performance, which is not limited to the organization but also departments, employees and even the processes.

Yes, we are talking about Corporate Performance Management (CPM) Software and we will explore the top 5 that you can trust, irrespective of the size of your organization or business domain. So, let’s start the journey!

Top 5 Corporate Performance Management Software Of 2022

 
Corporate Performance Management (CPM) Software helps design and manage the strategies required by corporations to monitor the success of their business operations by measuring key performance indicators (KPIs) concerning corporate business objectives. The software enables managers and executives responsible for enhancing the company's business performance to understand what's working and what's not.

So, without further delay, let's see the list of the top 5 CPM Software - in random order. 
 

SAP Enterprise Performance Management	Anaplan	Oracle Hyperion
Board	Infor Dynamic Enterprise Performance Management

 

Tool 1: SAP Enterprise Performance Management

SAP SE is a German multinational software corporation that is renowned for creating enterprise software that helps manage business performance, operations and customer relations. Founded in 1972, the firm has over 1,00,000 employees worldwide. In 2021, SAP won awards for Best CEO 2021, Best Company Culture 2021, Best Company Compensation and Best Global Culture 2021. #TooManyBests


SAP has various tools to measure corporate performance brought under the umbrella of SAP EPM (Enterprise Performance Management) suite. This software specializes in budgeting, forecasting, data analytics, reporting and modeling, enabling organizations to analyze, understand and strategize for better business decisions. Its EPM includes the cloud analytics suite that has been in the market for quite some time and has been able to offer various solutions to different domains or industries over the years. What is special about their Enterprise Performance Management software is that it allows intercompany reconciliation, along with business forecasting, analytical reporting and predictive analysis, financial planning as well as recommendations and financial consolidation.

SAP EPM Software is also programmed to identify risk-containing areas and can be integrated with compliance agencies as well, which can provide adaptive insights and reports in real-time. This tool is certainly a catch (pun intended!).
 

Tool 2: Anaplan

Anaplan is a San Francisco-based company and has 20 offices globally, 175 partners and more than 1,700 customers worldwide. Anaplan is based on hyperscale computing model that provides operational insights, forecasts and business strategies. The company has won many awards including for Corporate Performance Management, Compensation Management, Marketing Analytics, Sales Performance Management, Supply Chain Planning and Workforce Management. Looks like they have managed to do well!


Anaplan’s Corporate Performance Management Software measures performance using a dozen different metrics, including enterprise financial planning and forecasting. The data analysis can then be viewed using the data visualization dashboards, giving excellent insights into the business’s operational status. Moreover, the tool supports real-time data updates, API integration and platform customization features.

Anaplan’s tool is flexible, scalable and full of collaborative capabilities, that make all the work streamlined. Moreover, Anaplan lets you contextualize your business’s real-time performance and make future predictions for more confident decision-making. Oh, did we mention it has Artificial Intelligence and Machine Learning capabilities that cater to personalized recommendations?
 

Tool 3: Oracle Hyperion

Would you like to hear a little story? A long long time ago (not really!), there was a software firm based in California named Hyperion Solutions Corporation. Then came a big giant named Oracle and acquired it in 2007 and together they became Oracle Hyperion. Ever since they’ve together sold products specialized in business intelligence and business performance management. While the big giant needs no introduction, we’ll still get you acquainted with the mighty Oracle. The company is an American multinational that has helped several corporates worldwide with database software and technology, cloud systems, enterprise software products, customer relationship management (CRM) software and supply chain management (SCM) software. In 2020, Oracle was the second-largest software company globally by revenue and market capitalization!


This cloud application - AKA Oracle Hyperion Planning - is known for its forecasting, planning and budgeting capabilities, which are centralized to improve the overall business process. Along with that, it facilitates flexible workflows, hybrid data modeling for analysis and predictive planning capabilities. #ThisToolHelpsYouGoLong

It also reduces the learning curve as Oracle Hyperion leverages the Microsoft Office-based interface. Moreover, it can help businesses in reducing their strategy building cycle by months or weeks, by ensuring global regulatory requirements and slashing the cost of compliance. After all, time is money, right?
 

Tool 4: Board

Board is famous for unifying all functionality requisites for business decision-making in a single platform. Board International Foundation was founded in 1994 and is now empowering more than 3,000 companies worldwide by deploying their BI (business intelligence) & CPM applications. Board was recognized at the Gartner Peer Insights for Cloud FP&A Solutions 2021 - Customers' Choice Award. Put that on the bulletin Board (pun intended)!


Businesses using Board’s CPM platform have witnessed a transformative impact as they provide a unified platform for business intelligence, performance management and analytics software, all integrated into one.  Thanks to Board, now organizations can operate and monitor their entire decision-making process - from goal setting to operational execution - with a specific, precise and comprehensive view of their business information.

It also enables business leaders to attain actionable insights and achieve full control of performance across the entire organization. No wonder, with their awesome integrated approach, global enterprises such as H&M, Toyota, Coca-Cola, KPMG, Puma and HSBC are their clients! The software also enables organizations to manage, measure and control performance through tools to analyze, simulate, plan and predict activities in a user-friendly environment.
 

Tool 5: Infor Dynamic Enterprise Performance Management

The next name on the list is Infor Dynamic Enterprise Performance Management or Infor d/EPM. The company was founded in 2002 and primarily focused on developing software ranging from financial systems to business ERP solutions. Infor has acquired nearly forty other software firms, making them a global leader in enterprise software. Their solutions have won several awards and recognitions, such as the Customers Choice 2022 by Software Suggest for their enterprise performance management tool - d/EPM. 


The Infor d/EPM tool helps companies make informed decisions based on real-time reports and data visualization displayed through interactive and intuitive dashboards. It provides businesses with financial performance data through its management application that is supported by various business intelligent tools. Overall, it lets corporates analyze their business data more effectively, estimate more precisely and build tailored strategies for the growth of their business. 

As we mentioned before, it has in-context business intelligence capabilities that support instant data consolidation based on customer feedback, allowing business users to assess the impact on business plans. Also, it gives businesses a complete view of details about individual workflows or assets, including their history, cost incurred, manhours used, etc., allowing managers and leaders to optimize their processes. What's more is that it can be accessed anytime, anywhere and through any device. Quite a handful, we say!

To Sum Up

Joe Paterno, the most victorious coach in NCAA FBS history, remarked, “You have to perform at a consistently higher level than others. That’s the mark of a true professional.”

Times are changing quickly and so are the parameters of what defines business performance – but this statement by JoePa remains true as ever. More so with the diversification of various business services, domains and industries, it becomes even more challenging to assess the corporate performance. 
Hence, we have curated this list - we hope it served you in understanding the essential features and helps you pick the best Corporate Performance Management Software.