Corporate performance management (CPM) has been the framework through which chief financial officers (CFOs) and finance teams track, manage, and optimize organizational performance. As the demands of modern businesses evolve, however, the limitations of traditional CPM approaches are becoming increasingly evident.
In the first blog on Where’s the Innovation in CPM?, we examined why traditional CPM systems fall short of today’s needs. Many CPM solutions are still separate applications for each process despite decades of evolution. As a result, CFOs and finance teams are left with a patchwork of applications, integration issues, and data silos. This reality means finance must manage complex reconciliations; process inefficiencies; manual work to align actuals, plans, and forecasts; and limited insights.
