Top Features for Corporate Performance Management Software
Corporate Performance Management (CPM) software enables organizations to plan, track, and evaluate financial and operational performance by consolidating data into a single platform. CPM solutions bring together the essential tools for managing enterprise performance, planning, and budgeting across the workforce, sales, and operations, with financial consolidation and reporting cycles all in one place. It enables performance monitoring for leaders, provides visibility into KPIs, and facilitates data integration to ensure decisions are based on a single, trusted source of truth. The top features for corporate performance management software in this article present how CPM systems empower decision-makers at every level to drive better outcomes.
Top Corporate Performance Management Software Features
Excel data integration
Excel data integration within CPM software connects the familiarity of spreadsheets with the power of centralized platforms. Users can continue leveraging Excel for data entry, analysis, and reporting, while the CPM system ensures governance, automation, and a single source of truth. Leading solutions, such as Vena and Anaplan, offer native integrations, Power Query, and dedicated connectors to enable seamless data flow and real-time insights.
Benefits:
- Improves accuracy by reducing errors from manual data entry and linking.
- Offers better decision-making by providing real-time, consistent data for informed choices.
- Accelerates budgeting, forecasting, and reporting cycles through streamlined workflows.
Vena
Vena Solutions delivers a financial process automation platform designed to streamline CPM software, accounting, budgeting, and regulatory compliance. Built for medium to large enterprises, it centralizes finance-related processes to improve efficiency, accuracy, and governance. The software can also integrate directly with Excel data. Vena solutions users have scored the feature a 9.4 in the TrustRadius review feedback based on their user experience.
“I use Vena daily in my work, and I find it very user-friendly. It has been a great help to both our Operations and Finance teams. We use it to house all of our month-end Excel sheets that we use for input and uploads that integrates with our Accounting software, as well as for our budget process, and all of our financial reporting on all levels. It was very easy to implement with our Operations team, and customer support was always there if we ran into problems. I value the fact that we have all of our reporting in one place.”
Read Renee’s full review here.
Report-level access control
Report-level access control in CPM platforms ensures that the right people see the right information. By managing permissions for viewing, editing, or sharing reports, organizations protect sensitive data, stay compliant with regulations like GDPR, and deliver tailored insights to executives, managers, and teams.
Benefits:
- Safeguards sensitive financial and operational information against unauthorized access.
- Ensures compliance with data protection regulations by consistently applying access control policies.
- Provides a single, dynamic report view that adjusts automatically based on user permissions, eliminating redundant versions.
Anaplan
Anaplan empowers enterprises to outpace the market by optimizing decision-making in dynamic business conditions. Its platform breaks down silos, connects teams, and surfaces actionable insights, enabling leaders to plan with confidence and respond quickly to change. With its report-level access control feature, it determines who has access to it. Anaplan users have scored the feature a 9.5 in the TrustRadius review feedback based on their user experience.
“My company uses Anaplan to achieve accurate workforce planning and forecasting. As a consultancy, we need to be able to plan for both current and future projects with the ability to move around resources with different skill sets and be adaptable when projects extend or end early. This is not only important for staffing, but [also for achieving an] accurate financial forecast for our company. The flexibility of Anaplan allows our planning to be adaptable and accurate.”
Read this Verified User’s full review here.
Local and consolidated reporting
Local reporting delivers detailed financial views for individual entities, such as subsidiaries or regions, using their respective accounting rules. Consolidated reporting, on the other hand, aggregates all entities into a unified set of financial statements for the enterprise, eliminating intercompany transactions and aligning with different standards. CPM platforms automate this process across multiple ERPs, currencies, and regulatory frameworks, creating a single source of truth for enterprise performance management.
Benefits:
- Aggregates financial data from all local entities into a single, enterprise-wide view.
- Standardizes data, eliminates intercompany transactions, adjusts for non-controlling interests, and converts currencies.
- Delivers a unified picture of financial health, highlights group-wide trends, and supports strategic decision-making.
Workday Adaptive Planning
Workday Adaptive Planning simplifies planning workflows by leveraging AI and real-time data integration. The platform enhances collaboration across teams and delivers predictive forecasts, enabling a more accurate and strategic analysis. The software can report against individual business entities and the consolidated umbrella entity. Workday users have scored the feature a 9.5 in the TrustRadius review feedback based on their user experience.
“I have used Workday Adaptive Planning since 2017 across two industries (airport and staffing), and I have been amazed by their improvements since then. Working on Excel models and using Access to consolidate multiple branches was a pain and time sucker. I currently do all planning of revenue, COS, and operating expenses, including personnel in Workday Adaptive Planning, and the up-to-date financials as soon as users input their data have been a game-changer. I highly recommend Workday Adaptive Planning as your forecasting and budgeting software.”
Read Camille’s full review here.
Prophix
Prophix One empowers organizations to make faster, smarter decisions with confidence. Its harmonized platform reduces complexity by automating key finance processes, including planning, budgeting, forecasting, reporting, and consolidation, while surfacing insights that drive strategic clarity and performance. Additionally, it can easily share reports with others. Prophix One users have scored the feature a 9.7 in the TrustRadius review feedback based on their user experience.
“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. Working with customer support to onboard new users and set up new cubes has been a breeze, and everyone is very friendly. The cloud-based solution allows me to get my data on the fly – even when I am traveling. The dashboarding feature has been effective for executive landing pages and KPI reporting. Overall, Prophix gives me everything I need all in one place.”
Read this Verified User’s full review here.
Financial budgeting
Financial budgeting with CPM software links strategic objectives with detailed financial plans. By moving beyond spreadsheets, CPM platforms deliver integrated, automated workflows for planning, forecasting, and performance tracking. Real-time analysis, scenario modeling, and cross-department collaboration ensure data-driven decisions. With unified financial and operational data, CPM software streamlines budget allocation, resource planning, and variance analysis, transforming finance teams into strategic advisors aligned with enterprise goals.
Benefits:
- Centralized tools for monitoring budget adherence and performance metrics in real time.
- Flexible simulations to evaluate multiple business conditions and adjust forecasts.
- Advanced analytical capabilities provide granular insights for resource optimization and improved decision-making accuracy.
Budgyt
Budgyt empowers finance leaders to move beyond spreadsheets with a dynamic FP&A solution. It centralizes financials into one trusted platform, making it easier to budget, forecast, and report while improving collaboration across departments. CFOs gain clarity and control, ensuring decisions are based on accurate, real-time insights. Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc., are managed by the software’s financial budgeting feature. Budgyt users have scored the feature a 9 in the TrustRadius review feedback based on their user experience.
“I use Budgyt to manage the budget and financial reporting for our non-profit organization. It allows us to easily view actuals and update projections using our cost-centered model. I love the ease of dissecting financial information through multiple dashboard views.”
Read Dave’s full review here.
Multi-user support (named login)
Multi-user support is a core feature of CPM software, enabling real-time collaboration and ensuring data consistency across the enterprise. It allows finance, sales, operations, and other departments to access, input, and analyze information simultaneously without version conflicts.
Benefits:
- Multi-user support replaces siloed data and fragmented spreadsheets with a centralized repository.
- Ensures greater data accuracy and minimizes errors or duplicate entries that often arise when information is manually shared across users.
- Maintains detailed audit trails, recording every change and the user responsibilities for compliance, regulatory reporting, and strengthening internal controls.
OneStream
OneStream is an enterprise finance platform that unifies financial and operational data in a single environment. With embedded AI, it enhances decision-making and productivity, while its extensible architecture adapts to evolving business needs without creating technical debt. With its named model access, users have access based on name and password. OneStream users have scored the feature a 9.3 in the TrustRadius review feedback based on their user experience.
“We use OneStream every day, from helping out with our forecasting and planning to solving everyday problems both internally and for several of our clients. As we are a OneStream partner, we also advise our clients on how to best use OneStream for all planning and consolidation needs, as well as help them implement OneStream in their organization.”]
Read John’s full review here.
Financial data consolidation
Financial data consolidation in CPM software automates the integration of data from multiple sources, such as ERPs and spreadsheets, into a single unified view. It manages complexities like multi-currency conversions, intercompany eliminations, and varying accounting standards to accelerate reporting, improve accuracy, and deliver real-time visibility, an essential component of effective performance management.
Benefits:
- Standardizes disparate account structures into a single, consistent framework.
- Automatically converts multiple currencies into one reporting currency for accuracy.
- Reduces time and effort required for the financial close process through automation.
IBM Planning Analytics
IBM Planning Analytics is an integrated business planning solution that combines the flexibility of spreadsheets with the rigor of database control and governance. It enables users to create faster, more accurate plans, forecasts, and budgets that adapt to changing market conditions across sales, supply chain, HR, marketing, IT, and sustainability functions. Consolidating data from several entities into a single statement using US GAAP, IFRS, or other standards is the core feature of the software. IBM Planning Analytics users have scored the feature a 9.2 in the TrustRadius review feedback based on their user experience.
“IBM Planning Analytics is a completely AI-based tool for our business, which works like an advanced Excel software, mainly focusing on business planning and future forecasting. This software also helps us in doing budget planning for future investments. IBM Planning Analytics takes a lot of data inputs from different departments of our business and helps them in taking will inform decisions.”
Read Rakesh’s full review here.
Management Reporting
Management Reporting in Corporate Performance Management (CPM) software consolidates financial and operational data into interactive dashboards. Automating reports such as budgets, forecasts, and KPIs empowers leaders to rapidly assess performance, identify trends, and make informed decisions. This shifts organizations from static spreadsheets to a unified source of truth that drives strategic alignment and operational efficiency.
Benefits:
- Bridges operational activities with corporate strategy to ensure organizational alignment.
- Streamlines reporting by automating data aggregation and generating P&Ls, variance analyses, and other key reports.
- Provides timely, accurate insights via dashboards and visual tools for deeper performance analysis.
Planful
Planful is a cloud-based enterprise performance management (EPM) suite that unifies financial processes. It provides applications for modeling, planning, consolidation, reporting, and analytics, helping leaders align strategy, streamline operations, and drive smarter decisions. Planful users have scored the feature a 9 in the TrustRadius review feedback based on their user experience.
“We use Planful in a variety of ways. We use it for forecasting, budgeting, reporting, consolidations, and workforce planning. Planful has allowed us to implement a monthly rolling forecast that we previously did not have. It also allows us to provide self-service reporting to different functions of the organization. We do these things through the variety of tools Planful offers, [including] dynamic planning, Structured planning, Workforce planning, reporting, and consolidations.”
Read Shane’s full review here.
Choosing the Top Features For Corporate Performance Management Software
CPM software streamlines the creation of budgets, forecasts, and financial plans. Financial consolidation combines financial data from multiple sources into one system. With the dashboards, scorecards, and real-time insights, CPM software tracks progress against KPIs and strategic objectives. Therefore, the right CPM software is required to be deployed in a workspace in order to maintain a seamless workflow in any company.
To continue your research, explore the Corporate Performance Management Software on TrustRadius. You can compare products, read verified reviews, and find the solution that best fits your needs. You may also find value in related categories and resources, including:
