The economic recovery of recent years is enabling CFOs and FDs to revolutionise their finance functions and set priorities to aid them to increase margin and improve earnings performance. This newsletter has been designed for a community of finance executives to provide facts and trends that will help pave the way towards the business critical decisions required by a modern business.
CPM – The five minute guide; what every Finance Exec should know
If you haven’t yet heard about CPM (Corporate Performance Management), you soon will. It is set to revolutionise Finance departments globally. But what is it, and is it important?
The analyst’s description
The emerging global market defined by respected analysts such as Gartner, defines CPM as the range of methodologies, metrics, processes and systems used to monitor and manage the business performance of an enterprise. Applications that enable CPM translate strategically focused information to operational plans to collate results.
Actually, what it really is
A suite of applications that automate and streamline the main activities of Finance functions in medium to large-scale Enterprises.
These applications are integrated for areas such as budgeting, planning and forecasting; finance consolidation; period end closing; and statutory reporting.
Working together in an integrated way, these solutions can bring greater efficiency and agility to the Finance department, and make it more reactive on the continuous pressure from the business for more frequent information, more strategic support and better analysis.
Accountagility has a suite of applications that conform to the CPM model, and over the coming months, we will be launching a range of integrated tools that work together seamlessly to support an efficient and automated finance department.
Senior finance executives may already be aware of CPM, but for those who want to know more, we we’ll keep our community informed of developments within this market, and what they mean.