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Corporate Performance Management
Solutions to simplify and automate financial processes
As the marketplace for middle market companies continues to change, continuous improvement is necessary to thrive, especially in the finance function. Indeed, the finance function must be able to anticipate change and quickly adapt to fluctuating customer and market demands.
In order to meet these demands, companies need to turn data into usable information. Corporate performance management (CPM) solutions automate strategic planning and reporting processes and enable companies to define, analyze and execute strategic goals relative to finance, operations, business modeling, analysis and key performance indicators. CPM tools, also known as enterprise performance management (EPM), typically reduce the time spent on the reporting process by 50–70%.
Typical benefits of CPM solutions include:
- Reducing or eliminating manual efforts to prepare reports
- Reducing risk of incorrect calculations
- Reconciling to enterprise resource planning solutions and other data sources
- Facilitating consolidations, intercompany matching, allocations, eliminations, currency conversions
- Providing a single version of truth
- Delivering executive insights with integrated management dashboards
RSM offers a full suite of solutions to meet your software selection, implementation and support needs, including:
RSM works with you to refine your business model and select an enterprise performance management system that effectively supports your specific goals. Our experienced team offers business, process and software market experience that we can leverage in selecting a software solution that aligns best with your needs. We can help define your business requirements, develop requests for proposals for vendors, manage vendor demonstration processes and resolve business issues with the software vendor.
Performance management implementation services
At RSM, we combine new technologies, proven methodologies and broad-based business knowledge to successfully implement CPM and EPM solutions. Our implementation model consists of five phases:
- Forecasting as a Service
- Initiation and planning
- Business processes and system design
- Refining and testing
- Training and deployment
The RSM team provides personalized services from planning and implementation to configuration to ongoing support and education. Services include hosting, support desk, design, report writing and integrations.
CPM and EPM technology solutions
RSM is the preferred vendor for several leading CPM and EPM providers, including: