Cloud-Based CPM Supports Agile Planning for Digital Businesses
These are disruptive times. Companies not busy innovating are likely doing their best to fend off new competitors. When they’re trying to innovate or respond to change, they need visibility into business conditions and solid planning and forecasting. They need what-if analysis to test new business models and gauge the impact of new products and services.
In this environment, old-school spreadsheet-based financial planning and analysis just won’t cut it anymore. Yet that’s what many businesses are stuck with. CPM systems introduce powerful budgeting, planning and forecasting capabilities that bring consistency, traceability and more reliable data to budgeting, planning and forecasting.
Unfortunately, the legacy, on-premises CPM systems that still dominate the market – from Oracle, SAP and IBM – never really succeeded in being broadly adopted. They’re largely stuck in the office of finance because, as customers widely report, they’re difficult and expensive to deploy, hard to use, and difficult to change as business needs change.
Enter cloud-based CPM, which started seeing adoption by small and mid-sized businesses (SMBs) more than a decade ago. They’re now gaining adoption by large enterprises -- following in the footsteps of other software categories -- on the strength of rapid deployment, low initial cost and minimal IT overhead as compared to on-premises options. Cloud-based CPM systems also have a reputation for being easy to configure, change and administer, and are intuitive and easy to use for business users seeking budgeting, planning, forecasting, analysis and reporting capabilities.
Anaplan is among the fastest-growing CPM products. This report explores the features and functions of the Anaplan system and its suitability for needs including budgeting, planning, forecasting, modeling, analysis, reporting, financial consolidation and regulatory reporting. Constellation also explores the vendor’s target customer, industry specialization, geographic reach and pricing models.
Corporate performance management (CPM) is a class of software that helps companies with budgeting and forecasting, strategic and operational planning, workforce planning and optimization, and financial consolidation and reporting. The category emerged in the 1980’s and 1990’s with on-premises software aimed at large enterprises using enterprise resource planning (ERP) systems. Cloud-based CPM systems have emerged over the last decade, initially adopted by small and mid-sized organizations. Now cloud-based CPM options are scaling up into enterprises. They’re seeing double-digit sales gains as companies plan and forecast around new products and services and respond to digital disruption.