CPM delivers up to $1.41M in annual productivity gains

February 4, 2021 - Research V20

Companies that still rely on legacy systems, or even worse, Excel and email, are finding themselves hamstrung by the volume and complexity of today’s financial processes. Modern Corporate Performance Management (CPM) solutions are required to centralize forecasting, budgeting, consolidation, and reporting tasks for interdepartmental collaboration. The solution class ensures all business units are aligned and that the back-office can quickly and accurately form strategic plans and close the books every month. Analyzing the last ten CPM-focused ROI case studies, we have found that all businesses leveraging a solution improved their finance and accounting teams’ productivity. By improving the productivity of individual users and avoiding hires to handle an increased workload, these companies were able to save an average of $762,020 every year.