Corporate Performance Management (CPM) solutions today focus on finance: Financial Consolidation, Budgeting and Planning, and Scorecards and Dashboards. This is understandable. Finance Departments need to handle the pressures for better and faster business performance numbers for regulatory compliance, transparency with stakeholders, and for business management. However, the CPM world is all set for radical change.
Enlightened CPM suppliers are re-positioning their offerings away from “only finance” and are embracing “enterprise performance management”. These solutions model and measure not only the effects of actions across all enterprise departments, but also the underlying root causes and drivers using management methodologies like Balanced Scorecard. Performance Management software is set to become a means to provide business agility, alignment and accountability, not just finance metrics alone. OK, the vendors have talked about this for sometime – but the reality is that customers did not “buy into” the promise. Now the time is right as the business drivers and the technology readiness are aligned.
Bloor Research’s “Corporate Performance Management” introduces a fresh new way of looking at emerging customer requirements for CPM and profiles the solutions of the top 21 CPM technology providers. Using the graphic visualisation of our unique Bullseye™ diagrams, Bloor provides insight into how the vendors position their products and services in the marketplace – and how they compare in 10 different areas – be they implementation, support, or value for money for example. This report will prove to be an invaluable guide for end users evaluating suppliers’ CPM offerings. The CPM report complements the recent Bloor Research report on Business Intelligence.