10+ Best Corporate Performance Management Softwares 2021

xOneStream Software is a unified application built for corporate performance management needs. This software simplifies and aligns business’s financial consolidation, planning, reporting, analysis, and data quality across the enterprise. With OneStream Software, you can not just streamline your CPM processes, for you can also reduce the time effort and cost to deliver accurate information for your business.

However, just like any other software, OneStream Software also has its negative qualities. Upon utilizing OneStream Software, you might encounter lacking functionality, especially with the app’s dashboards. Hence, you might as well discover more of its downsides before you opt to pick the app.

Prophix Software is a unified CPM platform designed for businesses. This software emerges to help you achieve your business goals successfully, through its high-end capabilities. Prophix Software enables users to improve their business profitability and minimize risk, thanks to the application’s highly automated budgeting, planning, and reporting capabilities. On top of that, Prophix Software can be deployed, whether in cloud or on-premise, giving you high-level strategic solutions.

Nevertheless, Prophix Software also has negative qualities as an app. Setting up the application is a little bit challenging, it needs GL updates from the ERP system, and reporting capabilities has to improve.

Planful is a financial planning and analysis software designed to streamline business budgeting, planning, and forecasting. Planful primarily helps financing departments automate their processes, allowing them to gain impactful insights and then turn it into action. It all works thanks to Planful’s top-notch features, such as budgeting, business intelligence (BI), data visualization, strategic planning, business performance management, and so much more.

Along with Planful’s comprehensive analysis capabilities, we still cannot deny that this application has some issues that would hamper every user’s overall user experience. Planful has complex issues in terms of collaboration, difficulty setting up the report templates, and slow system speed.

Adaptive Insights or Workday Adaptive Planning is an enterprise planning software, programmed to drive business process agility. This software delivers budgeting, planning, and modeling solutions, allowing its users to collaborate, gain insights, and create smarter decisions efficiently. Through Adaptive Insights, users can also enjoy highly automated budgeting and forecasting, real-time reporting, and multiple integrations with apps like Salesforce, NetSuite, Intacct, and Microsoft Dynamics.

Whether you want to pick this software or not, it is also beneficial for you to know some of the application’s disadvantages. Adaptive Insights need to improve their reporting feature, particularly web reporting; their customization also needs some refurbishment, and address some of their system bug issues.

Oracle CPM is a part of Oracle Corporation’s comprehensive solution for enterprise businesses. This software provides all-in-one capabilities for CPM needs. Oracle CPM offers complete planning, budgeting, and forecasting solutions that enable organizations to improve forecast accuracy and get real-time data. With Oracle CPM, users can easily gain insights, connect with their businesses, and outperform risks in just a snap.

However, despite how powerful this platform is, we cannot disregard that Oracle CPM also has its share of disadvantages. Its downsides might affect your overall use, so you might as well check them out so that you can effortlessly adapt whenever you opt to pick the software.

SAP Analytics Cloud is an end-to-end platform for business intelligence available today that offers comprehensive financial planning to sales and marketing solutions. This software is made specifically for providing all analytics capabilities in one product. With SAP Analytics Cloud, users can now centralize business intelligence, gain real-time automatic insights, and streamline end-to-end workflow through integrated planning.

No question that SAP Analytics Cloud is one of the best platforms for business analytics available today. However, we still cannot disregard some of the application’s disadvantages. SAP Analytics Cloud cannot run multiple BI modelers, it has issues with slow system performance, and the mobile version has to improve.

CCH Tagetik is a powerful cloud-based software programmed to optimize financial and operational planning for businesses. This platform provides all the necessary tools required to deliver vital insights and intelligent tools for business processes. From strategic plans, updating rolling forecasts, down to producing formatted and auditable financial statements, CCH Tagetik is the all-in-one software for your business needs.

Despite how powerful this software is, still, CCH Tagetik has several downsides that are also essential for you to know. CCH Tagetik could lack flexibility in adapting to your business, utilizing the app might be challenging, and the documentation feature needs to improve.

IBM Planning Analytics is a product of IBM Corp. that delivers planning, budgeting, and forecasting solutions. IBM Planning Analytics facilitates driver-based planning and rolling forecasts, allowing you to easily automate manual spreadsheet-based processes and easily link financial plans to operational tactics. What makes this software great is that it provides a Microsoft Excel interface, plus it is available for release on-premise or in the cloud.

Moreover, IBM Planning Analytics is not a perfect platform, for it also has downsides. Its hard-to-maintain nature, lacking new features, complex setup, and improvable security setup are few of the application’s negative qualities.

Board one of the available business intelligence and corporate performance management software today, built for enterprise businesses. This software provides comprehensive analytics features that allow every user to drive business reporting and dashboards, giving them the right decision-making processes for their whole organization. What also makes this application great is that it features extensive multi-lingual capabilities, fully-customizable access, and cloud and on-premise deployment.

Despite the Board app’s superb features, we can still not deny that there are also several issues concerning the app. When utilizing Board, you might experience complexity in terms of its function, data view limitation, and expensive licensing for the BEAM predictive tool.

Vena is a financial planning and analysis application designed for businesses. This cloud-based platform provides management functionality for business operations such as budgeting, planning, revenue forecasting, which combines Excel as its centralized database. Vena Solutions not just allow its users to experience high-quality analysis access, for the application also provides highly customizable workflow, advanced reporting, and modeling functionality that are vital to make better business decisions.

Despite how powerful Vena Solutions is, it’s still necessary for you to know the application’s disadvantages. Some of the downsides concerning Vena Solutions are the following: start-up bugs, complicated templates, and compatibility issues with Mac devices.