Why the Digital Era
Demands Agile Planning
Cloud-Based Performance Management Brings Fast and Flexible Planning to Innovative and Disruptive Businesses
These are disruptive times. Companies not busy innovating are likely doing their best to fend off new
competitors. When they’re trying to innovate or respond to change, they need visibility into business
conditions and solid planning and forecasting. They need what-if analysis to test new business models
and gauge the impact of new products and services.
In this environment, old-school spreadsheet-based financial planning and analysis can’t cut it anymore.
Yet that’s what many businesses are stuck with. Corporate performance management (CPM) systems
(also known as enterprise performance management systems) introduce powerful budgeting, planning
and forecasting capabilities that bring consistency, traceability and more reliable data to budgeting,
planning and forecasting.
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This report explores the features and functions of cloud-based CPM, including budgeting, planning, forecasting, modeling, analysis, reporting, financial consolidation and regulatory reporting. Constellation also explores the vendor’s target customer, industry specialization, geographic reach and pricing models.
The research covered the following:
Old-School Budgeting and Planning Can’t Keep Up
Cloud-Based CPM Supports Agile Planning
Constellation Suggests Four Evaluation Criteria
About Constellation Research