We'd like to leverage our corporate performance management (CPM) system beyond our finance group. Can you offer some examples of small-scope CPM projects that might be good to start with? Where should we look internally for quick-win projects to see how expanding the CPM system will go?
The need for performance management technology outside of finance is significant. In most cases, the easiest opportunities for integrating other parts of the business with finance on CPM involve the annual budgeting activity and continuous planning processes. To expand on that, looking at working with departments such as human resources and operations on CPM initiatives is a great place to start. Then, depending on your industry, making a connection to the sales organization for planning around the forecast, pipeline and variable-compensation areas is also a great option.
Dig Deeper on CPM software
Related Q&A from Mark Smith
There are benefits to CPM and financial performance management software beyond faster budgeting and financial reporting. Learn about using CPM ... Continue Reading
Get advice on proper Excel spreadsheet management for BI and CPM projects in your organization. Learn when spreadsheets should be used for business ... Continue Reading
CPM tools can be very beneficial to organizations. And what matters most isn’t the version of your CPM software but how you use it, says a corporate ... Continue Reading