Today, Enterprise Resource Planning (ERP) systems are invaluable for optimizing the back office transactional and operational processes. However, ERP systems often do a less than optimal job of supporting a fully integrated and automated Reporting, Planning, Budgeting, and Forecasting process.
Therefore, many companies, both large and small, are taking advantage of the Self-Service functionality of Corporate Performance Management solutions.
What is Corporate Performance Management (CPM)?
CPM is an All-In-One End-to-End solution providing complete business insight allowing for Data Driven decisions through a combination of:
• Automated and Dynamic Reporting, Planning, and Forecasting
• Data Warehousing for Multiple Data Sources
• Dynamic Data Visualization
• Role Based Content
• Web and Mobile Content Access
• Delivering an intuitive, Fully Automated user experience under complete Security.
CPM will support your Monthly Financial Rhythm
Automated Reporting, Planning, and Forecasting
CPM facilitates the creation and automatic distribution of presentation quality financial reports to company stakeholders. It allows the management and viewing of financial data in an easy-to-use, real time environment. CPM simplifies report creation by leveraging existing skills, like Microsoft Office, and provides Secure Web access to information from any place and at any time.
CPM will significantly improve the accuracy of budgets and help teams better understand the impact of business decisions and plans. Budgeting within CPM means there is only one tool for everything, including HR, Financial, Operational, Capital Expenditure, Cashflow Planning, and any additional planning functions that might be required.
Planning within a CPM solution incorporates the process into a larger, corporate wide closed-loop system which facilitates a holistic approach to the Monthly Financial Rhythm of achieving corporate objectives. In the context of CPM, budgeting will support operational plans allocating resources to the activities needed to achieve the goals and objective of the corporate Strategic Plan. Additionally, budgeting within CPM allows for better internal coordination and controls.
Forecasting within a CPM solution will be future-proofing your business by improving the accuracy and simplifying your forecast process. Forecasts will be created quickly, and allow for comparison against actual performance, budgets, previous forecasts and KPIs. CPM forecasting tools will show what’s driving the business, allowing for adjusting scenarios to help make more accurate business decisions. Forecasting within CPM means there is only one tool for everything, including: Automated rolling forecasts; Comparing forecasts to actuals instantly; Top-down and bottom-up forecasting. It is easy to create and manage; and Instantly flows through to reports and budgets.
Data Warehousing for Multiple Data Sources
Data Warehouse and OLAP Cubes
CPM solutions use a Data Warehouse and generally contain a set of data marts created within Microsoft SQL Server. Data Marts are created using OLAP Cubes in SQL Server Analysis Services (SSAS), providing foundational data for all Reporting, Planning, Budgeting, and Forecasting applications. Every business process will have one or more OLAP cube(s), created, customized, deployed, and managed by the CPM software. CPM solutions follow data warehouse design guidelines to promote performance and data consistency across the organization.
Data stored in Microsoft’s SSAS database is the way to make it easy to retrieve data whenever and wherever it is needed. CPM templates, for reports or inputs, access results instantly and securely, and eliminates the risk of human error. Storing the data in a Data Warehouse within a CPM solutions means there is only one version of the truth and includes: Real-time data entry on any device; Storing Data correctly and it is never lost; Entering data via Excel or online forms; Feeding Data directly into reports; Providing Secure data capture and storage.
• CPM gives you everything you need in an All-In-One solution, automating your everyday high-value tasks so you can stay agile and focus on your business.
• CPM combines operational and financial data to gain deeper insights that matters, allowing you to better measure success and improve planning.
• CPM has a full range of features that will drive greater efficiency, collaboration and productivity across your organization.
• CPM facilitates a holistic approach to your Monthly Financial Rhythm.
CALUMO would be is happy to help you assess your needs and implement a solution. For more information visit www.calumo.com today.
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