3 Reasons to deploy a CPM solution in 2024

June 11, 2024 - Research Y75

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Nucleus analyzed customer conversations from the past 12 months and found that organizations that deployed a CPM system improved strategic planning, reduced time spent on financial close by an average of 65 percent, and reduced costs by avoiding unnecessary hires, while increasing productivity. In 2024, organizations without a CPM system face especially critical challenges, including lack of accuracy in financial forecasting and inefficiencies and inaccuracies in financial consolidation, leading to unsophisticated decision-making. Critical features in CPM solutions include advanced forecasting tools, centralized data and processes, and enhanced compliance capabilities. Vendors that prioritize usability through intuitive interface and generative AI capabilities are expected to excel in the CPM market.

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