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Corporate Performance Management

The term Corporate Performance Management (CPM) refers to targeted and centrally controlled management tasks in a company. Strategy and goals are aligned in such a way that the highest possible performance / performance is achieved in the long term. If the planned or achieved results are consistent with the defined corporate goals, they are also referred to as performance. Both the result and the process of service provision play an essential role.

The basis for achieving such a performance is high-quality information and a comprehensive market orientation. Corporate goals must be clearly formulated internally and communicated. The expansion of corporate performance management should support the development of the individual potential of individual employees. This can be done inter alia by targeted motivation or by the removal of corresponding obstacles.

CPM supports the cooperation of controlling and accounting

Various business processes and requirements from the financial sector mapped in a software solution. Plus points:

  • Business processes and requirements are mapped in a software solution

  • the prerequisite for uniform structures is created

  • Process optimization and significant time savings in reporting

  • easier and faster internal coordination in the company

Als flexible Web-Anwendung bietet CoPlanner eine ganzheitliche Lösung für Corporate Performance Management (CPM), speziell entwickelt für Finanz- und Fachabteilungen. 

Tim heirs
Tim Erben
Head of Marketing, CoPlanner

Corporate Performance Management ensures optimization

CPM looks to the future - When we look at retrospective analyzes and evaluations, we speak classically more of Business Intelligence, with forward-looking projections of actual data we talk about corporate performance management. In this type of management, the ideal-typical phases of the so-called management cycle can be recognized. It starts with the planning, which is implemented according to plan and then the acquired results are checked. After this cycle (planning, implementation, control), further planning is specifically optimized. Corporate performance management focuses increasingly on financial figures from its own company, but also includes other key figures such as customer satisfaction, production data, personnel costs and maintenance costs for machines. Balanced scorecards enable a holistic corporate management of the organization and its employees. Through the previous KPI analysis that was collected with Business Intelligence, the information about changes of internal and external factors, the relevant business processes can now be optimized via CPM and adapted in time to the company's strategy.

Mission of Corporate Performance Management

Corporate Performance Management has the clear mandate, the past-related perspective that Business Intelligence delivers, to cover the areas of monitoring (the current situation) and planning and forecasting (for the future) in a so-called controlling control loop or to combine the management cycle.

Corporate Performance Management (CPM) is the holistic approach to planning, managing, controlling and improving corporate performance and profitability at strategic, tactical and operational levels. In addition to corporate planning, CPM includes reporting, consolidation, risk and strategy management.

© BI - GLossar 2019 | BARC

Software for corporate performance management

The corporate performance management software provides management and controlling with flexibility and freedom to focus on optimizing and effectively expanding their business. With CoPlanner you can modernize your business planning and budgeting to the latest state-of-the-art, with certified consolidation and predictive planning to make closing cycles, as well as year-end financial reporting, much faster and future-oriented. As a flexible web application, CoPlanner offers a holistic solution for corporate performance management (CPM), developed for finance and specialist departments.

 

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