Enterprise Performance Management Software

Enterprise performance management (EPM) systems help organizations execute their business strategies and goals.

A typical EPM software provides:

  • financial planning,
  • operational planning,
  • performance analysis and reporting
  • monitoring of key performance indicators and metrics related to business strategy.

Such concepts like corporate performance management (CPM), business performance management (BPM), financial performance management (FPM) also refer to EPM systems.

Popularity
Satisfaction
Maturity
Pricing
Country
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Compare Enterprise Performance Management Software
Results: 60

AIMultiple is data driven. Evaluate 60 products based on comprehensive, transparent and objective AIMultiple scores. For any of our scores, click the icon to learn how it is calculated based on objective data.

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73.87267623068193
97.0031488095238
100
100
0.10496031746031746
50.74220365184005
top5 , top10
4star
BOARD
4.35
100%
100%
100%
= 3 reviews
= 50 employees
= 20,000 visitors

BOARD helps organizations reach a single vision of their performance in a simple and extremely effective manner.

64.36722244818375
83.83661763334723
0
89.18537716820121
0.07876984126984128
44.89782726302028
4star
Planful
4.20
100%
100%
0%
= 3 reviews
= 50 employees
= 20,000 visitors

58.29721979766494
75.56906892826244
0.03314933056915184
80.38836440806752
0.1003968253968254
41.02537066706744
5star
Adaptive Insights Business Planning Cloud
4.50
100%
100%
42%
= 3 reviews
= 50 employees
= 20,000 visitors

57.06392130552064
74.22131030120096
0.04908619493983248
78.95727416526891
0
39.90653230984033
5star
Solver
4.50
100%
0%
63%
= 3 reviews
= 50 employees
= 20,000 visitors

56.6026736247766
73.12480134806266
0.4309393777573971
77.77682175791938
0.055357142857142855
40.08054590149054
4star
Prophix Software
4.40
100%
100%
100%
= 3 reviews
= 50 employees
= 20,000 visitors

54.452311649229216
71.75035026918488
0.41372595173813753
73.12546647939652
100
37.15427302927355
top5 , top10
4star
IBM Planning Analytics (PA)
4.20
100%
100%
100%
= 3 reviews
= 50 employees
= 20,000 visitors

49.70633124783485
64.02219951116454
0.14725858481949744
68.10402314214889
0
35.39046298450516
true
5star
DataRails Free trial available
4.90
100%
0%
100%
= 3 reviews
= 50 employees
= 20,000 visitors

48.47829677554852
62.78425478603149
0.28729259856466866
66.77965330139644
0.09206349206349208
34.17233876506553
4star
CCH Tagetik
4.11
100%
100%
100%
= 3 reviews
= 50 employees
= 20,000 visitors

48.05653389647647
62.293411897711415
0.07713503783939887
66.26529532817128
0.05734126984126984
33.819655895241524
5star
Hubble
4.51
100%
100%
99%
= 3 reviews
= 50 employees
= 20,000 visitors

47.80933793951852
61.68428555735579
0.04908619493983248
64.45753279643665
36.42440476190476
33.93439032168125
top5 , top10
4star
Oracle Planning Cloud
4.20
100%
100%
63%
= 3 reviews
= 50 employees
= 20,000 visitors

Market Presence Metrics

Popularity

Searches with brand name

These are the number of queries on search engines which include the brand name of the product. Compared to other product based solutions, Enterprise Performance Management Software is less concentrated in terms of top 3 companies' share of search queries. Top 3 companies receive 67%, 4% less than the average of search queries in this area.

Web Traffic

Enterprise Performance Management Software is a highly concentrated solution category in terms of web traffic. Top 3 companies receive 86% (13% more than average solution category) of the online visitors on enterprise performance management software company websites.

Satisfaction

Enterprise Performance Management Software is less concentrated than the average in terms of user reviews. Top 3 companies receive 42% (this is 17% for the average solution category) of the reviews in the market. Product satisfaction tends to be higher for more popular enterprise performance management software products. Average rating for top 3 products is 4.4 vs 4.2 for average enterprise performance management software product review.

Maturity

IBM
Oracle
SAP
Unit4
Anaplan

Number of Employees

120 employees work for a typical company in this category which is 68 more than the number of employees for a typical company in the average solution category.

In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 42 companies (5 less than average solution category) with >10 employees are offering enterprise performance management software. Top 3 products are developed by companies with a total of 1-5k employees. However, all of these top 3 companies have multiple products so only a portion of this workforce is actually working on these top 3 products.

Insights

Top Words Describing Enterprise Performance Management Software

This data is collected from customer reviews for all enterprise performance management software companies. The most positive word describing enterprise performance management software is "easy to use" that is used in 13% of the reviews. The most negative one is time consuming with being used in 0% of all enterprise performance management software the reviews.

easy to use
13%
user friendly
10%
user interface
4%
Positive
Overall

Customer Evaluation

These scores are the average scores collected from customer reviews for all Enterprise Performance Management Software companies. Compared to median scores of all solution categories, Enterprise Performance Management Software comes forward with Ease of Use but falls behind in Value for Money.

Customers by

Industry

According to customer reviews, top 3 industries using Enterprise Performance Management Software solutions are Information Technology and Services, Financial Services and Computer Software. Top 3 industries consitute 25% of all customers. Top 3 industries that use any solution categories are Computer Software, Information Technology and Services and Marketing and Advertising.

Company Size

According to customer reviews, most common company size is employees with a share of 31%. The median share this company size is 23%. The most common company size that uses any solution category is employees.

Vendors by

HQ

Learn More About Enterprise Performance Management Software

Why is an EPM sytem important now?

Allied Market Research projected the EPM market to reach $13 billion by 2025, growing at a CAGR of 12% from 2018 to 2025. The major factors that drive EPM adoption are: the need for sharing and executing business strategies transparently, the need for improved scalability and the increase in complexity of business systems and their integration.

The need for sharing business strategies transparently: Large companies are notoriously slow in changing their strategies. To ensure that the whole organization is aligned on the strategy, strategies need to be transparent and constantly monitored. With EPM software scorecards and dashboards, business strategies are shared transparently and relevant outcomes are easily monitored. Thus, it is easier to rapidly change a company's strategy in light of market changes and take action rapidly to achieve the desired performance.

The need for improved scalability: In expanding and growing businesses, scaling is required to manage the increasing demand for raw materials, technology and human resources. EPM systems can help organizations understand and forecast their requirements for growth.

Increase in complexity of used systems: Enterprises have to manage many complex software and hardware systems and run complex processes. This complexity gradually increases over time as companies serve a larger number of customers and customers demand more customized service. As complexity increases, financial planning becomes difficult. EPM tools facilitate financial planning and increase the level of automation in performance management tasks.

What are the benefits of an EPM system?

The advantages of EPM systems are generally related to financial planning and the effectiveness of business strategies. EPM software also enables companies to analyze different costs on a single platform to improve cost management.

Fast budgeting and forecasting: As the EPM software provides an overview of the factors affecting budget planning, the budget planning process is accelerated. Thanks to EPM systems, historical outcomes can be easily used in budget forecasting.

Reducing effort necessary for financial close: EPM systems enable enterprises to quickly adap their financial planning to changes in the market which makes it easy to complete the financial close.

Key enterprise data consolidated in one source: EPM systems allow the data accumulated in different sources to be analyzed in a single environment. In this way, different department data can be monitored in a single management platform.

Improved financial performance management: EPM systems enable companies to continuously monitor the impact of current business strategies, enabling them to continuously improve these strategies.

What are the critical capabilities of an EPM system?

An EPM system typically has the following capabilities:

  • Financial management:
  • Planning and forecasting
  • Performance analysis and management: Cloud-based EPM systems provide a collaborative and sharing platform for employees to help improve performance management.
  • Workflow and process management
  • Reporting

EPM systems achieve these capabilities by providing interactive dashboards and data visualizations, aggregating data from various data sources.

How to choose the right EPM system for your business?

The main points to be considered before purchasing an EPM system are system integration with other systems, implementation method, ease of use and system security.

Integration and Customization: An EPM system should be integrated with important systems of record. Different platforms should be able to share data and workflows in real-time with EPM software. Therefore, the integration and customization features of the EPM systems should meet the requirements of the enterprise.

Implementation: There can be two options for an EPM system: cloud-Based or on-premise. Many EPM systems are available as both cloud and on-premise. A cloud-based EPM can provide a faster implementation, real-time access to data, and reports without t further capital investment. On the other hand, on-premise implementations can provide a potentially more secure solution and full control over the system. Also, depdnding on the license agreement, on-premise solutions may need further investment in constant upgrades for new functionalities.

User Interface: Several interfaces can be needed for different users in the same EPM system. EPM software should be adaptive for use on different types of devices as well. Moreover, an EPM system should provide effective data visualization and interactive dashboards in order to be a user-friendly platform.

Functionalities: An EPM system should cover the critical capabilities as described in the previous section. A product may have more advanced reporting or data analytics features. Depending on the enterprise requirements, companies should trade off costs against advanced functionalities.

Security: Financial planning procedures can have a vital role and the security of the data must be maintained. On-premise implementations can provide a more secure but costly solution. However, an on-premise solution that is not up to date can be less secure than a cloud solution.