United States

Planning, forecasting, consolidations and budgeting systems


Does your staff spend too much valuable time manually pulling together financial information from various systems for analysis, reports and important regulatory filings? It's time for a change.

Typical enterprise resource planning (ERP) and core financial systems focus on gathering and presenting data at the transaction level. They're designed and optimized for detail-level activities, not for high-level financial analysis.

Delivering meaningful data
Flexible corporate performance management (CPM) solutions deliver real-time results and standardized measurements that consolidate, model and present your organization's activities in a manner that allows you to absorb, review and analyze data from different perspectives.

One of the key factors to business growth is the understanding of your specific financial and operational metrics, drivers and targets that produce results. These metrics and drivers provide organizations with quantifiable data to effectively measure whether you are achieving your objectives. For example, if a company has a goal to be the second-largest servicer in their industry, a target measure might be a market share indicator. Customer retention should be tracked and targeted for improvement, as well as net new clients added. Those new clients would be tracked throughout the year, as progress towards the strategic objective of accomplishing that market share goal.

For most companies, their key metrics that drive business decisions come from a variety of different systems, making it difficult and time-consuming to piece together the correct information to make better and more informed decisions. To track customer metrics, data may come from a customer relationship management (CRM) system, while the order information may be in an enterprise resource planning (ERP) system. By pulling these different subsets of data together and integrating it into one system, a richer platform is created to enable better planning, forecasting and decision-making.

CPM leverages both business processes and technology to allow management to continually analyze and assess where the organization is today, as well as how to manage and react to changing conditions. CPM applications allow finance and operations to spend less time collecting data and more time analyzing it – creating a cohesive connection between budgeting and measuring results. Members of the organization can focus on key issues and critical information. A well-designed program allows for the entire process to be streamlined, information to be disseminated and collaboration between key stakeholders.

Many benefits can be derived from a corporate performance management initiative:

  • Improve decision-making. Business executives are provided with in-depth analysis of their business functions as it pertains to their business strategy, enabling them to make smarter decisions, faster.
  • Raise accountability. Whether your organization is small to mid-sized or at the enterprise level, CPM holds business functions accountable for achieving their long- and short-term objectives. By tying objectives to key performance indicators, behavior and performance can be measured, as well as linked to compensation (as desired).
  • Operate more efficiently. Organizations that have adopted a CPM strategy are able to streamline business processes like planning, budgeting and forecasting. As a result, they are able to reduce the time and costs associated with running those processes.

The right application and strategy will support the assessment of key metrics and allow flexibility to analyze alternatives, so that timely decisions can be made. In short, a well-articulated CPM strategy, in conjunction with a properly designed system, has the ability to deliver the right information to the right people at the right time.

CPM systems, when implemented correctly, provide a transparent view into your critical business information to help promote confidence in your business decision-making process. These tools, along with a strategic approach to developing the right business metrics and drivers, aligned to the objectives of an organization, can be a competitive differentiator in the marketplace.

RSM has experience in a myriad of industries; RSM professionals understand your need for a high-quality toolset that will satisfy your unique needs. We objectively assist you in evaluating, selecting and implementing the right technology, while minimizing the risks of the new technology. In addition, we are business partners with leading publishers of corporate performance management software, including Prophix, Adaptive Planning and Host Analytics.