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Why Corporate Performance Management?
Companies want and need the opportunity to make decisions on their own initiative. Liability and transparency are two of the most critical issues facing corporate finance experts today, especially when it comes to laws such as international accounting standards. CPM is increasingly seen as a way to meet these two challenges.
Corporate performance management allows managers to create dynamic calculations and question what-if scenarios, while at the same time updating forecasts and making readjustments. In addition, CPM provides an overview of the numbers that the entire organization relies on and that can also be used anywhere. This assumes that the data is stored in a single place. If any business or individual disagrees with a number, this inconsistency can either be accepted or rejected by thoroughly examining the individual entries using accounting tools. The right CPM solution provides the right people from all departments of the company, the right and uniform information they need. More and more companies are realizing how valuable CPM is for their organization.
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