Today, we awarded the 2018 TrustRadius Top Rated badges for Corporate Performance Management. The TrustRadius Top Rated awards are unique in that they are an unbiased reflection of customer sentiment, based solely on user satisfaction scores. They are not influenced by analyst opinion, the vendor’s company size, popularity, site traffic, or status as a TrustRadius customer.
Corporate Performance Management Software is sometimes seen as an extension of Business Intelligence (BI). BI tools collect data from multiple internal systems and external sources for analysis, and usually answers questions about past performance such as what happened and why. Corporate Performance Management (CPM) is equally focused on data as an aide to decision-making, but is more forward-looking and is primarily about managing an organization’s performance. The focus of CPM is on forecasting, budgeting, financial planning, what-if analysis, and dashboards to show progress towards individual and project performance KPIs.
The CPM market is relatively mature, and most of the following tools have overlapping functionality. However, there are significant differences in emphasis. While many tools do both, some tools are more focused on the financial accounting cycle, while others are more focused on organizational performance and strategy.
Here are the winners:
Overall Top Rated
Anaplan is a cloud-based platform that enables detailed planning models and comprehensive data integration. It provides budgeting, planning, forecasting, consolidation, and analytics. Reviewers have praised its in-depth scenario planning, user-friendliness, and customizability.
“We use it in most all planning and forecasting discussions. Because of its flexibility, ease of use and ability to scenario test, it allows us to quickly and accurately make decisions that have a financial impact that would otherwise take days or weeks to make.”
– Chris Friederich I Director, Financial Planning & Analysis | Cherwell Software
Adaptive Suite is a cloud-based CPM platform with budgeting, planning, forecasting, reporting, and visualization features. According to recent reviews, Adaptive Suite is flexible, easy to use and provides excellent customer service.
“Adaptive is the best tool I have used to maintain an up-to-date live forecast. As soon as I hear of a change in staffing or spending patterns I make the adjustment in one place and Adaptive feeds it through to every report and forecast that pulls that information.”
– Justin Wade | Director, Business Analytics | Virtual, Inc.
Prophix is an On-Premise or Cloud-based software providing automation of business processes including budgeting, reporting, consolidation, analysis, forecasting, and cash flow planning, with the ultimate goal of increasing a business’s revenue. Reviewers frequently mention the excellent customer service and the ability to drill down and create complex reports.
“Prophix software is a unified solution for our financial reporting needs. It is relatively easy solution to implement, cost effective and requires little upkeep maintenance.”
– Joel P. Goldstein | Corporate Controller | Crystal & Company
CCH Tagetik is a flexible tool designed for planning and budgeting, financial reporting and analysis, and financial data consolidation. The software can be deployed on-premise, in the Cloud, or as SaaS. Reviewers commonly mentioned that CCH Tagetik is easily customizable and great for consolidation.
“Tagetik is a scalable application which can be well suited to almost every company, granting an easy implementation over the existing transactional applications. Many of its functions and utilities can be customized with reference to the industry in which the company operates.”
– Alessandro Mantini | Director, Consolidated Financial Statements and Information | Mediaset
In addition to overall top rated awards, we also recognized tools that are top rated in a specific market segment. Company size is one way to help buyers identify the right solutions for their use case. To qualify for these lists, at least 15% of each product’s reviews and ratings must come from the relevant market segment.
Top Rated by Enterprises
Top Rated by Mid-Size Companies
Congratulations to the winners of the Top Rated Corporate Performance Management Software Award!
Top Rated Criteria
To earn a 2018 Top Rated Corporate Performance Management Software badge, products must have been in the top tier of their category TrustMap on Jan. 26, 2018. To qualify for the Corporate Performance Management Software TrustMap, they need at least 20 reviews and ratings on TrustRadius. Products are then plotted on the map based on end-user data, including users’ likelihood to recommend scores as well as buyer research patterns. To learn more about TrustMaps and Top Rated methodology, check out this page.
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