Corporate performance management (CPM) is the area of business intelligence (BI) involved with monitoring and managing an organization’s performance, according to key performance indicators (KPIs) such as revenue, return on investment (ROI), overhead, and operational costs. CPM is also known as business performance management (BPM) or enterprise performance management (EPM).
CPM is an umbrella term that describes the methodologies, metrics, processes and systems used to monitor and manage the business performance of an enterprise. Applications that enable CPM translate strategically focused information to operational plans and send aggregated results. These applications are also integrated into many elements of the planning and control cycle.
CPM must be supported by a suite of analytical applications that provide the functionality to support these processes, methodologies and metrics.
- Key Benefits
- Remodel budget.
- Reduce costs.
- Better align KPIs.
- Upgrade organizational strategy.
- Improve the financial planning process