Magic Quadrant for Corporate Performance Management Suites

Corporate performance management (CPM) applications are primarily used by the office of finance to support the core financial processes of consolidation, reporting and budgeting; however, they're increasingly being used outside of corporate finance to help link corporate and operational plans, to provide wider access to financial analytics, and to help develop strategies that deliver in regard to the expectations of shareholders, investors and funding bodies. CPM applications serve two needs. The first is tactical; they support more-efficient financial processes, enable greater control and transparency, and promote regulatory compliance. The second is strategic; they facilitate a broader approach to organizationwide performance management (PM).