Best Business Performance Management Solutions

What is Business Performance Management?

Business Performance Management tools are essential for tracking, measuring, and improving organizational operations and strategies. They provide real-time insights and allow businesses to align their activities with their objectives.

To learn more, read our Business Performance Management Buyer's Guide (Updated: October 2024).

The top 5 Business Performance Management solutions are Anaplan, Oracle Hyperion, Oracle Planning and Budgeting Cloud, IBM Planning Analytics and Jedox, as ranked by PeerSpot users in October 2024. IBM Planning Analytics received the highest rating of 9.2 among the leaders. Anaplan is the most popular solution in terms of searches by peers and holds the largest mind share of 13.5%.

Business Performance Management solutions facilitate the analysis of key metrics with comprehensive dashboards and automated reporting. This empowers management to make informed decisions, optimize processes, and enhance overall productivity. User insights highlight the importance of customizable reporting and integration capabilities with other enterprise systems.

What are the critical features?

Customizable Dashboards: Enable tailored views of important KPIs.
Automated Reporting: Reduces manual effort and provides timely data.
Integration Capabilities: Seamlessly connects with existing enterprise systems.
Real-Time Analytics: Offers immediate insights for quick decision-making.
Scenario Planning: Supports forecasting and strategic planning efforts.

What benefits or ROI should users look for?

Improved Decision-Making: Leverages accurate data for strategic actions.
Enhanced Efficiency: Streamlines processes and resource allocation.
Increased Visibility: Provides comprehensive views of organizational performance.
Cost Reduction: Identifies savings opportunities through performance insights.
Revenue Growth: Enables better strategy implementation to drive sales.

Manufacturing sectors often implement these solutions to track production efficiency and supply chain operations. Financial services use them primarily for risk management and compliance monitoring, while healthcare organizations focus on patient care metrics and resource utilization.

This category is beneficial for organizations as it supports alignment between strategy and execution, ensuring that all parts of the business operate towards common goals with optimized performance.

Buyer's Guide

Business Performance Management

October 2024

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Business Performance Management solutions mindshare

As of November 2024, in the Business Performance Management category, the mindshare of IBM Planning Analytics is 9.6%, up from 8.3% compared to the previous year. The mindshare of Oracle Hyperion is 12.5%, down from 12.7% compared to the previous year. The mindshare of Anaplan is 13.5%, down from 16.3% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Top Business Performance Management products

Rankings through

#1 Ranked

Anaplan

Anaplan is a cloud-based planning and performance management platform with documented use cases in finance, sales, supply chain, marketing, IT and HR. At the core of Anaplan's technology is a single hub where business users can build, deploy, maintain, and share models without coding or reliance on IT personnel.

7.7

Rating

Reviews

520

Words/ Review

11,532

Total Views

2,280

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Leader

Oracle Hyperion

Oracle Business Analytics Suite.

7.2

Rating

Reviews

461

Words/ Review

4,864

Total Views

1,878

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Buyer's Guide

Business Performance Management

October 2024

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816,406 professionals have used our research since 2012.

Oracle Planning and Budgeting Cloud

Oracle Planning and Budgeting Cloud Service enables organizations of all sizes to drive accurate, connected plans across your business and be prepared for what's next. Navigate uncertainty with scenario modeling. Leverage built-in best practices and predictive intelligence across finance, line of business, and operations.

9.1

Rating

Reviews

457

Words/ Review

1,932

Total Views

1,249

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IBM Planning Analytics

IBM Planning Analytics is an integrated planning solution that uses AI to automate planning, budgeting, and forecasting and drive more intelligent workflows.

9.2

Rating

Reviews

418

Words/ Review

5,713

Total Views

1,289

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Jedox

Integrated Corporate Performance Management software provides reliable data, insights, and guidance to everyone in your company. Jedox delivers it all: Self-service budgeting, planning, and forecasting combined with intuitive analytics and BI dashboards in one integrated software platform. Users across the enterprise in any department from Finance to Sales, HR, and Procurement create integrated plans and reports based on the same data model and business logic. Integrate financial planning and analysis with operational plans and reporting to optimize processes, boost data quality, and slash planning cycles throughout the organization.

8.2

Rating

Reviews

521

Words/ Review

2,107

Total Views

657

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Oracle HFM

Oracle Hyperion Financial Management is a financial consolidation and reporting application built with advanced Web technology. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.

8.2

Rating

Reviews

424

Words/ Review

2,252

Total Views

1,345

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See which vendors are best for you

Use our free recommendation engine to learn which Business Performance Management solutions are best for your needs.

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816,406 professionals have used our research since 2012.

KiSSFLOW

KiSSFLOW understands that you know how to solve your office chaos problems better than anyone else. That’s why they created a cloud-based platform to help business leaders create, modify, and use automated business applications. You can make each application with beautiful, easy-to-use, and modern technology. You get the functionality of high-end BPM software with no coding or complicated mapping required, so you don’t have be a programmer to create amazing applications.

8.6

Rating

Reviews

765

Words/ Review

1,558

Total Views

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OneStream XF

Financial Close, Consolidation and ReportingAutomate the financial close; reduce time waiting for data loads and refreshing of reports throughout the month. Access accurate and secure financial and operational information from any data source.

10.0

Rating

Reviews

785

Words/ Review

1,476

Total Views

797

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Adaptive Insights

Adaptive Insights is a financial planning and analysis tool used by management consulting professionals and organizations for budgeting and forecasting. Its most valuable features include integration with ERP systems, easy import of actuals for comparison, and the ability to build models for revenue, expense, and personal planning. It also offers a dashboard for efficient financial analysis and the option to collect data from Workday quickly.

8.2

Rating

Reviews

656

Words/ Review

1,341

Total Views

457

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Board

BOARD International - headquartered in Switzerland - is a leading global provider of software for improving business results through better decision making. By unifying Business Intelligence and Corporate Performance Management into a single product, BOARD enables companies to achieve a shared vision of their performance across the entire organization, and thus a single version of the truth.

7.5

Rating

Reviews

525

Words/ Review

2,219

Total Views

880

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Workiva Wdesk

Wdesk is used across the enterprise to support hundreds of data collaboration, reporting, and compliance processes. Use Wdesk to:

7.0

Rating

Reviews

691

Words/ Review

2,170

Total Views

293

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CCH Tagetik

CCH Tagetik goes beyond basic CPM. By aligning financial and operational data in a unified platform, our software ensures you're working with a single version of the truth. The result is faster financial processes and a complete view of your entire organization.

7.5

Rating

Reviews

387

Words/ Review

1,493

Total Views

803

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Domo

Domo is a cloud-based, mobile-first BI platform that helps companies drive more value from their data by helping organizations better integrate, interpret and use data to drive timely decision making and action across the business. The Domo platform enhances existing data warehouse and BI tools and allows users to build custom apps, automate data pipelines, and make data science accessible for anyone through automated insights that can be shared with internal or external stakeholders.

8.0

Rating

Reviews

348

Words/ Review

7,981

Total Views

224

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Software AG ARIS Process Mining

Increasing digital products and services, new business models, challenger brands and competitors emerging virtually overnight—all are forever changing your market. To survive, your company—no matter its size or industry—must rethink your business models and processes. Problem is, with so many players and parts to your enterprise, where should you begin? How can you see where to optimize processes to improve the customer experience or operational efficiency? Should you rethink distribution of resources, or start first with improving processes for a specific region or product?

8.8

Rating

Reviews

767

Words/ Review

1,046

Total Views

124

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Infor dEPM

Take a holistic view of your business performance with Infor Dynamic Enterprise Performance Management (Infor d/EPM). Combining modern intelligent business tools and financial performance management capabilities into one EPM software solution, d/EPM enables you to consistently report with confidence, measure past and current performance, and forecast future activities. Deep analytics and business intelligence give you a real-time view of performance across your business to speed decision making, so you can unlock siloed data and transform information into actionable insights.

8.0

Rating

Reviews

484

Words/ Review

613

Total Views

228

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Planful

You need a financial planning solution that meets the structured demands of standardized financial planning and reporting requirements and regulations. Structured Planning with Planful automates labor-intensive planning activities in a complete cloud-based platform – giving your finance team control, consistency, and confidence in corporate financial plans.

Reviews

854

Total Views

431

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SAS Activity-Based Management

SAS Activity-Based Management is an analytic application that models business processes to determine cost, profitability and drivers. With this solution, organizations can make informed decisions that streamline processes, deliver revenue growth and reduce costs across the organization.

Reviews

261

Total Views

174

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Vena

Vena is enterprise class software for budgeting, planning and forecasting with powerful reporting & analytics.

274

Total Views

182

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Prophix

Prophix Software is a leading developer of solutions designed to automate financial processes including budgeting, planning, reporting, analysis, and performance management for the mid-market. Thousands of finance leaders around the world use Prophix to empower their organization and gain greater insight into business performance. Prophix and its partners deliver the best value by combining high end functionality, low total cost of ownership, and the fastest implementations in its class.

Reviews

312

Total Views

143

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Axiom EPM

Axiom EPM offers robust performance management capabilities for financial planning and analysis. Users find its integration and reporting features valuable. However, some users mention a need for enhanced customization options and improved system navigation to optimize user efficiency in complex financial environments.

Review

225

Total Views

138

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QPR Metrics

Comprehensive system for quality management, environmental management, occupational health and safety as well as for the management of industry-specific regulations and standards. Allows organizations to integrate multiple initiatives (ISO9000, ISO14000, OHSAS, BSC etc.) into one system focused at supporting employees in their daily activities.

Reviews

186

Total Views

127

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UNIT4 prevero

With statutory reporting requirements changing constantly, Unit4 prevero enables you to effectively ensure compliance, allowing you to make decisions with confidence.

Review

224

Total Views

119

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Longview Analytics

Longview Analytics integrates data from disparate sources. No requirement for you to extract your data and aggregate content into a proprietary data source.

Reviews

668

Total Views

127

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Solver BI360

Solver provides BI360, the leading Corporate Performance Management (CPM) software suite for companies of all sizes. Solver specializes in providing world-class financial reporting, budgeting and analysis with push-button access to all data sources that drive company-wide profitability. BI360 is available for cloud and on-premise deployment, focusing on four key analytics areas.

140

Total Views

115

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KCI CONTROL

Unified end-to-end solution for all aspects of performance management - budgeting, modeling, forecasting, OLAP analysis, consolidations & reporting. Excel based front end; industry standard relational database back-end; dynamic read-write to myriad data sources; drill-thru to transaction detail and more.

Review

129

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Pigment

Next-generation integrated business planning.

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SAS Strategic Performance Management

SAS Strategic Performance Management facilitates the creation, communication and execution of strategy - promoting focus, alignment and agility throughout the organization.

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SAP Digital Boardroom

SAP Digital Boardroom gives top decision makers a real-time, digital-enterprise experience. It integrates with line-of-business data from SAP and third-party applications to provide a single source of truth for your most important business metrics. With SAP Digital Boardroom, key decision makers can more readily monitor, simulate, and support business change to meet the expectations of your customers, business partners, and employees more effectively.

149

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IBM Controller

IBM Cognos Controller supports the close, consolidation and reporting process with the agility and affordability of a cloud-based solution. It enables finance teams to automate and accelerate the financial close with minimal IT support. It also helps finance teams deliver financial results, create informative financial and management reports and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics.

234

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Hubble

Hubble by insightsoftware.com is an integrated suite of business performance management apps, for JD Edwards and Oracle E-Business Suite, offering reporting, analytics, and planning in a single real-time solution that fully understands your ERP. Hubble integrates all of your critical business systems so that users at all levels have access to real-time data and the ability to automate planning, budgeting, forecasting, and financial close processes. Hubble reporting allows you to connect the whole company around a single source of truth for consistent, accurate decision making. In the financial reporting application, you have access to pre-built templates or you can create your own custom reports. The Hubble analytics application connects data from every facet of your organization to your ERP to create personalized dashboards, scorecards, and visuals. The planning application gives finance and business users the ability to budget, forecast, plan, and close in real-time. View your actuals next to budgets for an up-to-date view of current business performance. You can create your own reports, so that IT no longer needs to be involved.

Reviews

662

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Centage

Centage is a game-changing solution for your FP&A needs with our formula-free Budgeting & Forecasting software, designed to revolutionize your financial planning processes. Say goodbye to tedious spreadsheet consolidations and hello to pain-free consolidation, offering streamlined financial report integration, real-time access, and efficient report generation. Experience fast budgeting like never before, with our unique, error-free approach that incorporates built-in accounting rules and business logic, ensuring quick and accurate budget creation. Embrace predictive planning and forecasting without manual formula entry, as our Centage software automatically maps new data sources, saving you valuable time and resources. Plus, benefit from ongoing in-house advisory support from US-based FP&A expert advisors, available for implementation, onboarding, training, health checks, and more. Elevate your budget process to new heights of speed, efficiency, and flexibility with Centage's formula-free, error-free, drag & drop FP&A software.

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XLerant

XLerant provides cloud-based budgeting, forecasting and reporting solutions designed with easy to use interfaces that make a complex process accessible for finance teams and budget managers alike. XLerant's software-as-a-service (SaaS) solutions serve small to mid-size enterprises who value collaborative environments as an effective way to engage employees and achieve their strategic objectives.

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NICE Merced

Merced's flagship solutions, available in on-premise, SaaS and hosted models, include Merced Service Performance Management, which provides performance analytics and dashboards, service coaching, incentive management and real-time reporting for enterprise service personnel. They also include Merced Sales Performance Management with incentive and quota management, performance analytics and dashboards, sales development and coaching, and other analytics solutions.

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BetterWorks

Betterworks is the pioneer in intelligent performance management software solutions. Its flexible, enterprise-ready SaaS platform helps workforces and organizations achieve their highest potential with tools that foster greater manager effectiveness and employee performance, leading to higher engagement and retention and, ultimately, better business outcomes.

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CAMMS EPM

CAMMS EPM is an integrated performance management solution built for medium and large enterprises in both the public and private sectors.

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Kepion

No longer operate under separate planning & reporting processes. With Kepion's Corporate Performance Management (CPM) Solution, you can collaborate on a single approach for integrated business planning. Designed for the business, by the business, Kepion's Corporate Performance Management Software allows sales, finance, operations, marketing and HR to configure personalized planning apps specifically to how they work. Kepion's Dashboards and Scorecards Software helps you visualize performance, plan for efficiencies and track your results.

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Kepion vs Solver BI360

idu-Concept

idu-Concept provides smart budgeting, forecasting and reporting tools with easy-to-use modules designed to meet all of your business needs.

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xP&A Suite

The leading platform for enterprise-grade Extended Planning & Analysis (xP&A) transformation with Power BI and Excel.All aspects of planning seamlessly integrated with the market leading analytics platforms Power BI & Excel: from financial/cash flow forecasting to smart operational demand planning supported by advanced machine learning and AI capabilities.

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Bitam Artus

Artus is the core of the BITAM Suite. It consists of three fundamental elements:

Review

194

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BeyondSquare FinAlyzer

BeyondSquare Solutions an IT products and services company founded to bring about innovative FinTech products and solutions for finance & accounting office and financial services companies.

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entomo

entomo drives enterprise performance by aligning goals and generating insights by connecting various data sources. The insights and action recommendations generated are hypersonalized to each user’s goals

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Wooqer

Wooqer is a Business Operations application that unifies all operational content and processes, enabling you, your team, and different departments across the whole organization to access, monitor, update, and secure business knowledge. The application enables you to efficiently manage and perform your daily operations, from auditing, hiring, and training to marketing. Wooqer is an ideal platform for complex assignments such as debuting a new product or tracking and auditing expenses for a project or simple tasks like digitally accessing a manual for training and onboarding. Wooqer has helped companies and organizations reduce back-and-forth interactions for approvals by as much as 30% and lower operational expenses to introduce and apply new processes by 90%. Its popular use cases are store checklist and audits, VM planogram review or audit, sales reporting and KPI tracker, Loss of Sales, training and assessment, employee engagement and communication, customer feedback and NPS, new store opening and new product launch.

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