The Future of Corporate Performance Management

In: Computers and Technology

Submitted By jsolomon87
Words 2174
Pages 9
The Future of Corporate Performance Management

Abstract
Adaptive Planning is a Corporate Performance Management system that has foreseen the future of IT. They have adapted a full service CPM system which can accommodate customers from beginning to end. The “cloud” has become a vital asset to the selling point which will forever change IT as we know it. This new system has allowed companies to “Dramatically reduce budgeting and forecasting cycle times by up to 90%” (Product Overview). “Allowing them to make faster, more informed and better decisions” (Product Overview). This paper will discuss the alternative of cloud computing and many of the other assets to automating the CPM cycle. We will discuss Bridon American Corporation’s (BAC’s) process of forecasting, budgeting and financial reporting prior to implementation and after implementation of Adaptive Planning.
Keywords: forecasting, budgeting, financial reporting, cloud computing

The Future of Corporate Performance Management “Corporate Performance Management is a cycle that begins with budgeting and continues to comparison of actual performance against the plan” (Product Overview). “Reports and dashboards are used to analyze real-time data, and compare it to what was planned. Based on this analysis, the cycle begins again, with what-if analysis and re-forecasting” (Product Overview). “A truly integrated and automated cycle has tight collaboration among managers throughout the organization, as well as tight integration between systems- the GL and other enterprise systems, and the software used for planning, reporting and analysis”(Product Overview). “Companies that can achieve this automated and integrated CPM cycle can provide valuable insight for strategic decision- making”. (Product Overview). “Adaptive Planning can decrease planning times and increase accuracy, improve company side…...

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