A new generation of sophisticated, Web-based database applications is changing the way companies look at planning and financial reporting. These corporate performance management (CPM) solutions combine a wide variety of financial functions into a single suite, resulting in one real-time data pool for budgeting, forecasting, consolidation, reporting, business modeling, strategic planning and decision support.
This white paper by CFO Research Services documents the experiences of a number of organizations that have already implemented performance management solutions. It discusses how those companies defined their business problems, evaluated competing CPM technologies, and achieved sustainable business results. The paper concludes with a handy list of five best practices that can help any organization undertake a successful CPM project.
Note: Be sure to also download this paper's companion piece on best practices for implementing CPM software. It explains how companies that deploy performance management software can then make those investments work to their best advantage.
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