If you're using Business Intelligence (BI) software to compile and review your organization's financial data, you know it can be a powerful window into the numbers, providing you with a better understanding of your strengths and weaknesses, and how to move forward. This is why the global market for BI is estimated to be $16.9B in 2016 by Gartner.
But what if your BI software could do all of that and then some, integrating financial reporting, data visibility and enhanced Excel-based reporting in a single application that cuts your decision-making time in half, at a fraction of the cost?
The Emergence of CPM
With the recent emergence of Corporate Performance Management (CPM) software, you're now in a position to take advantage of what we call Business Intelligence 4.0 – with all of the information you need, but with enterprise-wide capabilities that allow you to integrate multiple sources and tools, and to drill down into performance metrics for budgeting, forecasting, financial consolidation, and deep-dive financial reporting.
The Shortcomings of BI Software
While Business Intelligence Software certainly made things easier, it hasn't eliminated all of the pain points around analyzing the financial picture of your organization. It takes too long, relies on some manual processes that can be error prone and it's difficult to integrate with other tools and data sources.
With CPM, you can harness the power of your accounting, EPP, CRM and payroll software while keeping Excel as your primary interface.
Our latest whitepaper, Business Intelligence 4.0: The Emergence of Corporate Performance Management, outlines all the ways in which CPM can supercharge your BI capabilities, saving time and money in the process.
Among other capabilities, you'll learn about CPM's:
- Data warehouse capability
- More powerful dashboards
- Reduced reporting time
- Ability to turn data in KPIs
- Integration with Excel