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CPM Suites

Corporate performance management (CPM) is an umbrella term that describes the methodologies, metrics, processes, and systems used to monitor and manage the business performance of an enterprise. CPM must be supported by a suite of analytical applications that provide the functionality to support these processes. A CPM suite's three main application components include budgeting, planning, and forecasting. They involve short-term financially focused budgets, longer-term plans, and high-level strategic plans.

What Small and Midsize Businesses Need to Know About CPM Suites

CPM suites are essential components to scaling any SMB. Measurements of corporate performance provide the information businesses need to grow and to succeed at their goals. They also provide the ability to create forecasts and scenarios dynamically. In addition, CPM suites support the development of an enterprise-wide planning model that links operational plans with financial budgets. CPM suites include the business data and all of the methods of analyzing the business performance data.

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