In today’s fast-paced business environment, Corporate Performance Management (CPM) software is becoming vital for enterprise organizations striving to bridge the gap between strategy and execution. The best CPM solutions for enterprises empower finance and operations teams to integrate planning, budgeting and forecasting, consolidation, and reporting into one unified platform. As enterprise organizations face increasingly complex data challenges and tighter regulatory requirements, CPMs offer the tools needed to drive efficiency, improve decision-making, and maintain a competitive edge.

The best CPM software not only streamlines financial processes through automation and real-time analytics but also fosters cross-departmental collaboration. For decision makers, these solutions provide a comprehensive view of the organization’s performance, enabling more informed strategic choices based on a single version of the truth. As a result, companies can reduce manual workloads, minimize errors, and react swiftly to market changes. 

Here’s a preview of the best Corporate Performance Management software for enterprise organizations, according to real enterprise users.

1. AI-Infused Connected Planning Solution: Anaplan
2. Streamlined Collaborative Financial Planning: Planful
3. Comprehensive Data Visualization & Planning: SAP Analytics Cloud
4. AI-Driven Flexible Forecasting Platform: IBM Planning Analytics
5. Excel-Integrated Collaborative Planning Solution: Vena
6. Unified Financial Data Management: OneStream
7. Real-Time Adaptive Planning Platform: Workday Adaptive Planning
8. Automated Budgeting & Reporting Solution: Prophix
9. Unified Enterprise Performance Management Platform: Oracle Fusion Cloud EPM
10. AI-Powered Financial Performance Management: CCH® Tagetik
11. Integrated Continuous Planning Platform: Board

Top CPM Software for Enterprises

Anaplan – AI-Infused Connected Planning Solution

Anaplan excels in connecting data across various departments with an emphasis on AI-driven scenario planning. Its strong modeling and predictive analytics capabilities enable finance leaders to explore multiple future scenarios and make informed decisions quickly. The platform’s flexibility is especially valuable for enterprise organizations seeking a unified solution that connects teams across different functions.

Pros

• Advanced AI capabilities: The platform uses machine learning to generate predictive insights that help refine strategic decisions.
• Cross-functional integration: It effectively bridges the gap between finance, sales, and operations, ensuring synchronized planning.

Cons

• Learning curve: Some users note that onboarding can be challenging, requiring time to adapt to its advanced features and setup processes.
• Reporting: Some reviewers have cited difficulties using Excel with Anaplan, requiring workarounds for some functions that aren’t supported by Anaplan.

Top features

• AI-powered scenario planning: Uses advanced algorithms to simulate different business outcomes for better forecasting.
• Integrated planning across functions: Breaks down silos by linking data from finance, operations, and sales.
• Customizable models: Provides flexible templates to tailor the planning process to specific business needs.
• Real-time data updates: Ensures that all teams work with the most current information for accurate planning.

“Anaplan is a perfect tool for planning, budgeting, and forecasting. It’s a cloud-based platform with an evolved calculation engine and multi-dimensional modelling capabilities. Utilizing the cloud-based and statistical modeling abilities of Anaplan, we are providing them a platform to integrate all the functional areas like sales, finance, category etc. under one umbrella.”

Sonal Tripathi | Manager | Information Technology & Services Company, 10,001+ employees

Planful – Streamlined Collaborative Financial Planning

Planful is well-suited for businesses looking to streamline financial planning while encouraging collaboration among departments. Its cloud-based interface makes it simple for teams to consolidate budgeting, forecasting, and reporting tasks into one cohesive process. The solution emphasizes automation and centralized data, which can reduce manual workload and minimize errors.

Pros

• Enhanced collaboration: Planful’s central platform improves communication between finance teams and other departments.
• Time efficiency: The automation of forecasting and reporting helps reduce close times significantly.

Cons

• User interface challenges: Some users desire more comprehensive training materials to further ease the platform’s adoption.
• Report limitations: Some TrustRadius reviewers report running into limitations on reports and data and needing to use workarounds to complete their tasks.

Top features

• Centralized financial planning: Unifies budgeting and forecasting processes, reducing the need for multiple systems.
• Automated reporting tools: Streamlines the generation and distribution of financial reports, saving manual effort.
• Pre-built templates: Offers standardized models that speed up deployment and customization.
• ERP integration: Pulls data directly from existing ERP systems, ensuring consistency and accuracy in reporting.

 “Planful has transformed the finance team’s collaboration with other departments and partners, improving both speed and consistency. They now receive data in a more digestible format, faster and more reliably. Our cross-department budgeting process is smooth and effortless. As Planful continues to introduce new features and enhance the product, the possibilities for efficiency and growth are limitless.” 

Verified User | Analyst in Finance and Accounting | Hospital & Health Care Company, 1001-5000 employees

SAP Analytics Cloud – Comprehensive Data Visualization & Planning

SAP Analytics Cloud combines advanced planning features with powerful data visualization capabilities, making it a strong candidate for organizations that need to deeply analyze their financial data. It leverages both predictive analytics and intuitive dashboards to enable detailed insights. This blend of planning and visualization supports more informed decision-making, ensuring that data is not only accessible but also presented in a meaningful way.

Pros

• Rich visual analytics: Provides clear, data-rich dashboards that help users quickly interpret results.
• Versatile planning tools: Combines operational and financial planning for a comprehensive analysis of performance.

Cons

• Performance lags: Some users have reported occasional lag issues, particularly with dashboard loading, which may hinder real-time analysis during peak times.
• Customer support: Some users note a wait time in getting support or resolving problems with the support team.

Top features

• Dynamic dashboards: Offers customizable, rich visualizations for exploring financial data.
• Predictive analytics: Uses statistical functions and machine learning to forecast future trends with precision.
• Integrated planning modules: Combines cost management, forecasting, and risk analysis in one unified platform.
• Real-time data integration: Ensures that visualizations reflect the most recent data for better strategy formulation.

“SAP Analytics Cloud helps make forecasts in my business proposals using real-world data for accurate projections. It also helps me predict financial outcomes based on decisions taken, as well as create budgets, keeping in mind the financials of the department as a whole. As a cloud-based product, I also appreciate that it works seamlessly while I collaborate with colleagues around the world.”

Verified User | Project Manager in Product Management | Education Management Company, 10,001+ employees

IBM Planning Analytics – AI-Driven Flexible Forecasting Platform

IBM Planning Analytics leverages artificial intelligence to drive agile forecasting processes that adapt flexibly to changing business conditions. It brings advanced analytical tools together with familiar Excel interfaces, making powerful forecasting accessible without sacrificing ease of use. The platform excels in what‑if analyses, allowing finance teams to explore alternative scenarios and adjust plans quickly.

Pros

• Robust forecasting: Advanced AI capabilities enhance scenario planning and predictive accuracy.
• Flexible deployment: Offers multiple deployment options (on-premises and cloud), allowing organizations to choose based on their infrastructure needs.

Cons

• High traffic delays: In periods of heavy data processing, users have experienced slower performance during complex calculations.
• Steep learning curve: Some users report needing more time to learn the platform, as it can be overwhelming.

Top features

• AI-powered forecasting: Uses machine learning techniques to uncover hidden patterns in historical data.
• Excel integration: Provides a familiar interface that accelerates user adoption and ease of model building.
• What-if scenario analysis: Enables rapid evaluation of potential business scenarios for more informed planning.
• Flexible deployment options: Offers both cloud and on-premises solutions to best fit the organization’s IT environment.

“IBM Planning Analytics is a robust and flexible application used for planning, budgeting, forecasting, and reporting in our Fortune 500 organization. Scenario planning is an integral part of our planning process. Planning Analytics well supports that capability in terms of data upload interfaces, tight integration with Excel, and the flexibility to set up multiple scenarios.”

Frances Berger | Manager, Financial and Performance Systems | Utilities Company, 5001-10,000 employees

Vena – Excel-Integrated Collaborative Planning Solution

Vena is tailored for organizations that prefer leveraging the familiarity of Excel while moving towards a more integrated financial planning system. It streamlines budgeting, forecasting, and reporting through a centralized, Excel-integrated platform. The solution emphasizes collaboration and workflow automation, which benefits teams seeking to reduce manual data handling and improve accuracy.

Pros

• Seamless Excel integration: Users can continue working in an environment that feels familiar while enjoying advanced planning features.
• Enhanced collaboration: Workflow automation reduces errors and fosters team collaboration across different financial functions.

Cons

• Steep learning curve: Some users encounter challenges with learning less intuitive aspects of the platform, particularly for non-finance professionals.
• Limited customization: Some users note a lack of advanced customization options available for reports and dashboards.

Top features

• Excel-integrated interface: Allows users to work with Excel while providing additional automation and reporting functionalities.
• Collaborative workflows: Automates collaboration and task management to ensure timely updates and accountability.
• Flexible financial modeling: Supports complex “what-if” scenarios for robust forecasting and budgeting.
• Real-time data updates: Provides immediate access to updated financial metrics, ensuring accuracy in reporting.

“We use Vena for Financial Reporting, Planning, KPI, and operational reporting. Vena has put data in our hands faster and more accurately than before, which allows us to make data-driven decisions and feel good about the support used to make them. The Vena team continues to roll out new features to enhance and improve the product.” 

Verified User | C-Level Executive in Corporate| Recreational Facilities & Services Company, 1001-5000 employees

OneStream – Unified Financial Data Management

OneStream offers a comprehensive platform that unifies financial and operational data, delivering a single version of the truth. The software is designed to handle financial consolidations while providing deep insights into performance. It differentiates itself by combining data management with advanced analytics, enabling organizations to streamline financial close processes and operational reporting.

Pros

• Centralized data management: Consolidates various data sources into one unified platform, which improves reporting accuracy.
• Extensibility: Highly customizable to support evolving business needs and integrate new planning models.

Cons

• UI complexity: Some users suggest that the interface could be more intuitive, particularly during initial setups.
• Learning Curve: Some users desire additional learning components to help ease implementation, like how-to guides and videos.

Top features

• Unified data repository: Aggregates financial and operational data to reduce discrepancies and streamline audit processes.
• Advanced analytics: Integrates deep analytical tools that help uncover trends and support decision-making.
• Financial consolidation tools: Reduces the time and effort required for the financial close process.
• Extensible modeling: Allows creation and customization of planning models as business requirements evolve.

“OneStream is well suited for any level of consolidated financial reporting, but becomes especially strong when adding forecast/planning reporting and integrating with other reporting and analysis processes that need to be aligned and reconciled with the financial reporting structure. For this reason, OneStream supports a wide variety of processes with varying levels of dimensionality.”

Wilna Lindeman | Manager Financial Information Systems | Food Production Company, 10,001+ employees

Workday Adaptive Planning – Real-Time Adaptive Planning Platform

Workday Adaptive Planning shines by providing real-time updates that empower finance teams to adjust budgets, forecasts, and workforce plans quickly. Its intuitive, cloud-based platform promotes collaboration and makes it easier to align planning with changing business dynamics. This solution is particularly suited to organizations that need fast, accurate planning to keep pace with rapid market changes.

Pros

• Real-time updates: Enables immediate modifications to budgets and forecasts based on live data.
• Comprehensive planning capabilities: Integrates financial, operational, and workforce planning in a single interface.

Cons

• Steep learning curve: Some users mention that the interface can be clunky at first and might require additional training for optimal use.
• Complex UI: Some users want a more straightforward and intuitive interface for the dashboard and reporting capabilities.

Top features

• Real-time data integration: Ensures that budget adjustments reflect the latest financial trends without delay.
• Scenario planning tools: Allows finance teams to evaluate multiple future business scenarios for agile decision making.
• Customizable dashboards: Provides tailored views of critical KPIs and metrics to drive focus on key areas.
• Integrated workforce planning: Aligns hiring and resource management with overall financial planning.

“Workday Adaptive Planning is critical to our business. It is very easy for any user to pick up and maintain. Enhancements can vary from simple tweaks to complex modeling. We use it for full P&L planning, including bottoms-up headcount and expense planning.”

Gene To | Finance Manager | Information Services Company, 1001-5000 employees

Prophix – Automated Budgeting & Reporting Solution

Prophix focuses on simplifying budgeting and reporting processes with a high degree of automation. The software reduces repetitive tasks by automating data consolidation and report generation, allowing finance teams to enhance efficiency. It quickly moves organizations away from manual Excel-based processes, providing a systematic approach to financial planning and variance analysis.

Pros

• Significant time savings: Automation reduces manual data entry and accelerates monthly closings.
• Improved accuracy: Automated consolidation minimizes errors that are common with Excel models.

Cons

• Occasional performance issues: Some users have noted that when handling large volumes of data, the system can experience slowdowns.
• Limited dashboard customization: Some users wish there were more customization features to choose from for dashboards.

Top features

• Automated budgeting workflows: Streamline data gathering and consolidation to minimize manual effort.
• Ad hoc reporting: Provides flexible report-building tools for customized financial insights.
• Real-time variance analysis: Allows quick comparisons against forecasts to inform decision-making.
• Excel integration fallback: Maintains compatibility with existing Excel-based models while gradually automating processes.

“Prophix is our go-to place for pulling any financial and statistical data for ad hoc requests. The software is very user-friendly and easy to pick up, even for less tech-savvy users. The dashboarding feature has been effective for executive landing pages and KPI reporting. Overall, Prophix gives me everything I need all in one place.”

Verified User | Manager in Finance and Accounting | Insurance Company, 10,001+ employees

Oracle Fusion Cloud EPM – Unified Enterprise Performance Management Platform

Oracle Fusion Cloud EPM provides a cohesive environment where financial planning, consolidation, and performance management are seamlessly integrated. Its unified user experience and deep integration capabilities make it valuable for organizations needing a single solution to manage all aspects of enterprise performance. The platform’s advanced planning, narrative reporting, and automated consolidation support both detailed analysis and strategic decision-making.

Alt text: Screenshot of Oracle Fusion Cloud EPM demo platform.

Pros

• Comprehensive integration: Brings together various financial management processes under one platform, reducing fragmentation.
• Advanced automation: Streamlines financial close and consolidation, saving time and reducing errors.

Cons

• Implementation complexity: Some organizations find that initial setup and integration with existing systems can be resource-intensive.
• Occasional performance issues: Some TrustRadius reviewers report a slowdown or lag when working with large data sets.

Top features

• Unified interface: Provides a single point of access for financial planning, consolidation, and reporting for ease of use.
• Automated financial close: Reduces the time required for consolidation and compliance reporting through advanced automation.
• Narrative reporting: Enables the creation of customized reports to suit stakeholder information needs.
• Extensive integration options: Connects with various data sources and ERP systems for comprehensive performance management.

“OneStream has been a complete game changer for our organization. We were able to move away from very large and complicated excel based consolidations for both internal and external reporting. This improved quality and timeliness of our reporting helped us to finish our annual audit in record time this year.” 

Phillip E. Cole, CPA, CGMA | Director Financial Reporting | Airlines/Aviation Company, 1001-5000 employees

CCH® Tagetik – AI-Powered Financial Performance Management

CCH Tagetik uses AI-powered automation to streamline financial closes, consolidation, and extended planning. The platform focuses on reducing manual tasks and improving regulatory compliance, making it well-suited for organizations that require both speed and accuracy in reporting. Its integrated approach to planning and compliance ensures that finance teams maintain control while adapting to evolving regulations.

Pros

• Strong compliance focus: Automates financial close and regulatory reporting, reducing the risk of errors and improving transparency.
• AI-powered automation: Uses machine learning to simplify repetitive tasks and generate actionable insights.

Cons

• Steep initial learning: The sophisticated features and customization options may require significant training and adjustment periods.
• Complex UI: Some users desire a more user-friendly and intuitive interface,  and need to rely on support and training materials to understand.

Top features

• AI-powered automation: Leverages advanced algorithms to automate repetitive financial processes and generate insights.
• Comprehensive consolidation: Speeds up financial close and ensures accuracy across local and group consolidations.
• Extended planning capabilities: Integrates operational, HR, and supply chain planning to create a holistic view across departments.
• Regulatory reporting support: Automates the generation of compliant financial statements and disclosures to help meet industry standards.

“The expertise of the Wolters Kluwer CCH® Tagetik team is high, the software itself is complete and is quite easy to customize, [and it] covers all the needs and there are a lot of different modules that can be tailored in each organization and business.”

Verified User | Project Manager in Information Technology | Insurance Company, 10,001+ employees

Board – Integrated Continuous Planning Platform

Board is designed to continuously integrate financial and operational plans, making it ideal for organizations that need up-to-date insights and flexible adjustments. It stands out by tightly coupling planning with real‑time data monitoring, which helps finance teams quickly respond to changing market conditions. Board’s design blends ease of use with robust data integration, allowing teams to seamlessly consolidate information and adjust forecasts as needed.

Pros

• Real-time adaptability: Users benefit from continuous monitoring and immediate adjustments.
• Intuitive reporting: The reporting features simplify data review and enhance decision-making.

Cons

• Limited tech support: Some users have noted that the tech support response may be slower than expected, which can impact issue resolution during critical planning phases.
• Occasional performance issues: Some TrustRadius reviewers have reported lag time or a delay when working with heavy data sets.

Top features

• Continuous planning engine: Integrates real‑time data for immediate adjustments, ensuring financial plans reflect current conditions.
• Robust data monitoring: Provides deep insights into operational trends and performance metrics to drive faster actions.
• Customizable dashboards: Allow users to tailor views to the specific metrics they need, improving the relevance of reports.
• Integrated financial and operational planning: Fosters cross-department collaboration by unifying diverse planning inputs.

“Board is being used as a tool for control, reporting, and planning in the finance and accounting department to improve all of our planning. The reports are very intuitive and easy to read, which facilitates our performance. Board is a highly recommended solution.”

Ellen Caroline Murphy Dixon | Administrator in Finance and Accounting | Facilities Services Company, 1001-5000 employees

Ready to start your shortlist? Read in-depth user reviews, watch demos, and more for all of our Corporate Performance Management software.

Corporate Performance Management Software for Enterprise FAQs

What is Corporate Performance Management (CPM) software?

Corporate Performance Management (CPM) software is a suite of integrated tools designed to support an organization’s planning, budgeting, forecasting, financial consolidation, and reporting processes. By aggregating and analyzing financial and operational data, CPM software provides decision-makers with comprehensive insights, facilitating strategic planning and regulatory compliance across the enterprise.

What are the benefits of using CPM software for enterprise businesses?

CPM software helps enterprise businesses streamline their financial processes by automating routine tasks and reducing manual data entry. This leads to improved accuracy in budgeting and forecasting, faster reporting cycles, and enhanced decision-making through real‑time insights. Additionally, by fostering better collaboration between finance and other operational departments, CPM solutions ensure that all parts of the business work from a unified data source, which can result in time savings and greater regulatory compliance.

What factors should you consider when purchasing CPM software for enterprise businesses?

When evaluating CPM software, enterprises should consider factors such as integration capabilities with existing ERP systems and other key business applications. Scalability is important to ensure the software can grow along with the business. Other key considerations include ease of use and the availability of training and support resources, robust security measures, deployment options (cloud-based versus on‑premise), and the flexibility of reporting and analytics tools. Total cost of ownership—including implementation, customization, and ongoing maintenance—should also be weighed carefully.

What are the main features included in CPM software?

Most CPM solutions include a broad set of features such as budgeting and forecasting modules, scenario and what‑if planning tools, financial consolidation and close functionalities, and reporting and analytics dashboards. Many platforms incorporate real‑time data integration, AI‑powered predictive analytics, regulatory compliance support, and customizable workflows. These features work together to offer a holistic view of a company’s financial health and operational performance.

Which of these features are most important for enterprise businesses?

For enterprise businesses, the most critical features are those that ensure integration and consolidation of data across complex organizational structures. This normally includes real‑time analytics, financial consolidation, and forecasting tools that leverage predictive insights along with strong regulatory compliance support. Moreover, features that enable customizable reporting and flexible workflow management stand out as they directly contribute to higher efficiency and informed decision-making in large organizations.

How much should I expect to pay for CPM software?

The pricing for CPM software can vary widely depending on the vendor, deployment model, and level of customization or advanced features required. For enterprise-level solutions, you might expect to pay from several thousand dollars per month up to tens of thousands, often on a subscription or per‑user basis. Most vendors provide pricing details upon request, as the final cost may depend on factors like the scope of implementation, support services, and integration requirements.

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The products in this article were chosen utilizing TrustRadius’ proprietary ranking algorithm, along with independent research conducted by the TrustRadius Research Team. The products featured in this article are frequently reviewed by enterprise users in the corporate performance management software category.

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