CPM Technology Value Matrix 2021
Demand for Corporate Performance Management (CPM) solutions has reached a fever-pitch. Planning with antiquated spreadsheet and email processes is no longer possible in modern business environments. CPM vendors are eager to address the need for comprehensive budgeting, forecasting, financial close, and reporting applications. As the pandemic places greater pressure on organizations, CPM vendors have expanded planning functionality beyond finance. HR, sales, and logistics teams can leverage solutions to collaborate with finance to best address pain points, overarching goals, and individual priorities. Most vendors provide a platform model to accommodate the wide scope of CPM functionality. With the increased presence of ERP vendors in the CPM market, Nucleus expects increased market consolidation as businesses seek to reduce IT costs and complexity and prioritize ease of implementation.