Updated: May 1, 2023 |

The 23 best corporate performance management software (for 2023)

By

Jake Ballinger
Jake Ballinger

Jake Ballinger is Cube's content manager with 5 years experience in content, including FP&A and Finance. He holds a BA in Computer Science from Allegheny College, speaks 9 languages, and lives in NYC.

The 23 best corporate performance management software (for 2023)

CPM, or corporate performance management, helps businesses ensure that all financial needs for optimal business operation are met. It involves financial budgeting, planning, modeling, data congregating—and more. 

But instead of finance teams doing all of this manually, the most successful organizations are using CPM tools to quickly and accurately analyze, plan, and collaborate for corporate success. 

What is the best corporate management software for your business? Let’s take a look. 

Jake Ballinger

Jake Ballinger

FP&A Writer, Cube Software

Jake Ballinger is Cube's content manager with 5 years experience in content, including FP&A and Finance. He holds a BA in Computer Science from Allegheny College, speaks 9 languages, and lives in NYC.

Contents

arrow

What is the difference between CPM and EPM?

Corporate performance management software focuses specifically on performance management applications involving finance. Obviously, the finance department owns this software. 

Enterprise performance management software takes a broader approach, looking at the performance of the entire enterprise, involving everything from financials to supply chains to marketing and all departments in between.

23 Best Corporate Performance Management Software

Today, we’ll review the best CPM software on the market.

And yes, we’ve started with Cube. We’re proud of how well our platform supports corporate performance initiatives and are excited to tell you about it.

1. Cube

horiz-wordmark-ultramarine (2)

Cube is the first spreadsheet-native FP&A platform that empowers teams to drive better planning and performance without changing how they work. Our cloud-based FP&A software platform helps finance teams work anywhere (we integrate natively with both Excel and Google Sheets) so that they can plan, analyze, and collaborate with the ultimate speed and confidence.  

Many companies (like Masterworks and SmugMug) use Cube for nearly all their financial operations.

Cube offers faster time to value (most companies are finished onboarding within two weeks) and is competitively priced. 

You don’t have to just take our word for it, though: check out all of our 5-star reviews on Capterra.

Key Features:

  • Automated data consolidation: Connect data from numerous sources for automated rollups and drilldowns.
  • Multi-scenario analysis: Allows you to seamlessly model how changes to key assumptions affect overall outputs.
  • Endless integrations: Integrations for spreadsheets (Google and Excel), accounting & finance, HR, ATS, billing & operations, sales & marketing, and business intelligence. 
  • Customizable dashboards: Gives you the full ability to build and share customizable dashboards.
  • Native Excel and Google Sheets integration: Compatible and bi-directional with any spreadsheet
  • Multi-currency support: Evaluate your financials in both your local and reporting currencies.
  • User-based controls: User controls, validations, and an audit trail ensure that the correct data goes to the right people at the right time.
  • Centralized formulas and KPIs: Store all your calculations in a central location and manage from a single source of truth.
  • Drilldown and audit trail: Get straight to the transactions and history behind a single data cell in just one click.

Pricing:

  • Essentials: Two admins and two contributors, includes unlimited scenarios, spreadsheet integrations, and templates: $1,250/month
  • Premium: 3 admins and five contributors, includes all in Essentials plus dedicated customer success manager, FP&A best-practice reviews, multi-currency: $2,450/month
  • Enterprise: Customized users, includes all in Essentials and Premium, and add-ons are customizable to include the features that will be most important to you and your team: Contact us for a quote.

Best for:

Created by a former CFO, Cube is especially built to help growth companies and enterprise-level organizations. However, if you’re a startup or SMB that’s looking to scale quickly, Cube will also be a great fit. 

New call-to-action

2. SAP Analytics Cloud

Using artificial intelligence and machine learning technology, SAP Analytics Cloud can help team members confidently perform their tasks. Users are able to better manage their workflows, allowing them to collaborate on future business goals. 

This can help improve financial outcomes, allowing smaller and larger businesses to better understand their current position and adjust for future objectives.

Key Features:

  • Augmented analytics
  • Data exploration and visualization
  • Self-service data modeling and preparation
  • What-if simulation

Pricing:

  • Free 30-day trial
  • Business Intelligence: Ask, analyze, predict, act, and report in one place, automated insights, embedded actionable insights. Starts at $36/per user/per month
  • Planning: Model scenarios quickly and generate insights, automated forecasts with predictive planning, and connected plans across the enterprise. Price available by request.

Best for:

SAP Analytics Cloud would work best in a business environment already standardized on other SAP products or businesses otherwise familiar with data science languages and integration. An unintuitive toolbar and limited data-prep features can make this product difficult for beginners.

3. Board

As corporate performance management (CPM) and business intelligence (BI) software, Board’s Toolkit allows users to combine BI with CPM for improved efficiency. 

Board Toolkit includes dashboard management, multi-dimensional analysis, ad-hoc queries, and advanced reporting so users can better plan, budget, and predict possible corporate financial outcomes.

Key Features:

  • Cloud or on-premise setup
  • Hybrid Bitwise Memory Pattern technology
  • Multi-language
  • Single logical view of corporate data

Pricing:

  • Pricing details are unavailable online

Best for:

Board works best for small to mid-sized businesses that already have some experience with BI software. Customers have noted that web-based functionality can prevent 100% uptime and seems to cause some real-time reporting issues.

4. Prophix

Prophix was designed to help users automate certain tedious tasks, such as allocations and report generation. Team members can draft budgets, create plans, and make more informed forecasts through its automated tools, reducing the need for repetitive tasks. 

Key Features:

  • Integrations with Microsoft 365 and Microsoft PowerBI
  • Automation and workflows
  • Trust-security compliance
  • Artificial intelligence with anomaly detection, insights, and task assistant

Pricing:

  • Pricing details are unavailable online, but there is a free trial available.

Best for:

Prophix is useful across a wide range of types of companies, with end users typically being financial analysts and accountants. It’s usually best for those that aren’t currently using many other tools since customers note that integrations can be difficult with existing products. 

5. Sisense

Accessing, researching, and analyzing data is often fraught with user errors. Through Sisense, users can help improve corporate performance through a fully-customizable analytics dashboard. They can also perform data visualization and review any anomalies in this data.

Key Features:

  • Connectivity to access data from anywhere
  • Scalability to simplify managing and development
  • Easy visualization
  • Create relationships and join multiple data sources

Pricing:

  • Pricing details are unavailable online, but there is a free trial available.

Best for:

Sisense is best for enterprise-level companies with a large amount of data and multiple user feeds. 

New call-to-action

6. Jedox

Don't tell anybody, but did include an Enterprise Performance Management (EPM) platform on this list. Jedox can be used for financial, sales, and integrated business performance management. 

Commonly used in human resources and sales industries, it employs an in-memory online analytical processing (OLAP) database. This helps improve outcomes when teams are trying to budget and forecast and when they’re consolidating data. 

Key Features:

  • Excel-friendly
  • Intelligent AI-assisted planning
  • Control the entire value chain on one platform
  • Optimize value creation step-by-step

Pricing:

  • Pricing details are unavailable online

Best for:

Jedox would be best used by pre-revenue startups and small to mid-sized companies needing integrated business planning support. 

7. Sage Intacct

Through a suite of subscription-based tools, Sage Intacct’s software helps manage a variety of financial considerations. Its web-based platform makes it possible for teams to better budget and plan for expenses. 

Available features include accounts payable and receivable, a general ledger, improved purchasing and reporting tools, and order management dashboards.

Key Features:

  • Real-time, multi-dimensional reporting
  • Consolidation of all entities efficiently and quickly
  • Automate mundane tasks
  • AI-powered solutions free teams for more value-add work

Pricing:

  • Pricing details are unavailable online, but there is a free trial available.

Best for:

Sage Intacct can be best used by a wide range of companies from growing startups to public companies looking for web-based solutions for their CPM software. Since it’s an ERP tool, its functionalities are best when integrated with FP&A software like Cube. 

8. Axiom

As an international information technology (IT) company, Axiom focuses on improving efficiency and outputs, offering research and development of IT-enabled services, software consulting, and product development. Other tools include the development of middleware, data warehousing, and web-based access to certain legacy software for improved efficiency and results.

Key Features:

  • Ability to handle high volumes of data
  • Data is always available and can be stored in huge amounts
  • Integration - ship logs from several different services
  • Query everything all the time

Pricing:

  • Hobby: 0.5TB per month, 30-day data retention, send data from unlimited sources, connect integrations, advanced querying: free
  • Basic: 5TB per month, 90-day data retention, unlimited team members and queries, unlimited monitors, email support: $99/month
  • Enterprise Unlimited: Unlimited data transfer and unlimited retention, teams and role-based action control, dedicated, premium support, SSO/SAML: custom pricing

Best for:

Axiom’s software focuses on regulatory requirements and reporting. Any company with high regulatory requirements, auditing necessities, and reporting compliance can benefit from Axiom use, with compliance reports available immediately for regulatory bodies.

9. Budgyt

Budgyt is—as it sounds—budgeting software that allows users to work with improved accuracy, speed, and flexibility in today’s fast-paced world. It offers advanced budgeting and forecasting abilities, which can minimize costly errors. 

With it, the common pitfalls of manual importation of spreadsheets can be reduced and even eliminated. 

Key Features:

  • Customizable dashboards and reports
  • Historical data at a transactional level
  • Intuitive UI/UX
  • Multi P&L budgeting

Pricing:

  • Easy: Up to 10 departments and unlimited users, HR and payroll module, Excel linking, user permissions: $399/month
  • Plus: Up to 25 departments, unlimited users, email and chat support, charting and visualizations: $699/month
  • Pro: Up to 50 departments, unlimited users, dedicated success manager, approvals, multi-currency: $999/month

Best for:

Budgyt is best for small to large non-profits or businesses in the market for simple budgeting software that can be used by employees who are completely unfamiliar with budgeting software. Businesses that need additional CPM functions would be better off using another option. 

10. Jirav

The three main principles that the creators of Jirav’s software focused on were improved planning, faster planning, and collaboration when planning. Through it, users can employ driver-based budgeting models to merge data from accounting, the workforce, and their operations. 

They can make better predictions and forecasts and facilitate real-time feedback and collaboration.

Key Features:

  • Pre-built formulas and templates
  • Roll forward forecasts and data without spreadsheets
  • Customizable dashboards for financial and non-financial data
  • Customize report packages to stakeholders

Pricing:

  • Starter: Plan and report on performance vs. actuals through next year at a company level: $500/month
  • Pro: Collaborate with your team on multi-year plans and scenarios with departmental budgeting: $1,000/month
  • Enterprise: For teams requiring long-range, complex planning and premium integrations: contact for a quote

Best for:

Jirav is business planning software that will work well for business leaders, certified public accountants, and finance professionals at accounting firms and growth companies. 

New call-to-action

11. Vena

Vena Solutions imports data from existing systems, ensuring a smooth and seamless transition. Unlike other finance software, Vena has Microsoft Excel built directly into it. Vena’s CPM software allows you to use all of the Microsoft Suite software you already know.

Key Features:

  • Excel language directly built in for ease of integration
  • 'Microsoft-first' philosophy
  • Pre-configured solutions by industry

Pricing:

  • Pricing details are unavailable online, but there is a free trial available.

Best for:

Vena is geared towards midsize and enterprise-level companies across a wide range of types. Powerful intelligence tools can streamline accounting services to promote efficiency and accountability.

 

12. Mosaic Tech

Featuring tools for real-time reporting for more accurate financial forecasting, Mosaic Tech helps users import and consolidate their data from various sources, such as enterprise resource planning (ERP), human resources information systems (HRIS), and even billing platforms. Analysis of this data can be more precise and accurate.

Key Features:

  • Many integrations
  • Maps, modifies, and customizes data
  • Analyzes insights
  • Fine-tunes permissions to ensure data safety

Pricing:

  • Pricing details are unavailable online, but there is a free trial available.

Best for:

Mosaic is best for enterprise businesses. However, the tool has a known learning curve and ultimately replaces spreadsheets, so if you need models or forecasts in Excel format, Mosaic might present you with some tech headaches.

New call-to-action

13. Anaplan

With Anaplan, employees can consolidate their work onto a single platform and work in real time with their team. This financial planning software relies on artificial intelligence, predictive algorithms, and machine learning to avoid any potential pitfalls.

Key Features:

  • Detailed modules to view businesses from edge to edge
  • Designed to solve challenges with clarity and collaborative power
  • Easily align to achieve business goals
  • Model complicated business scenarios

Pricing:

  • Pricing details are unavailable online.

Best for:

Anaplan focuses on large and fast-growing businesses, so it may not be the best choice for smaller business models. Feature-rich options can be overwhelming without a dedicated team. 

14. Workday Adaptive Planning

Workday Adaptive Planning is designed for non-profit businesses and offers both financial planning and analytics bundled within its software.

Users can employ drag-and-drop abilities in a spreadsheet-like interface. 

Key Features:

  • Best-in-class finance and HR applications in one system
  • Open, configurable, and adaptable as necessary
  • High level of customer interaction and satisfaction
  • Business-optimized developer environment

Pricing:

  • Pricing details are unavailable online, but there is a free trial available.

Best for:

Workday Adaptive Planning can be most beneficial for businesses that have to deal with a lot of change.

New call-to-action

15. Planful

Planful specializes in end-to-end financial transactions, planning and analysis, and resource consolidation.

Users can speed up cycle times through improved efficiency and real-time collaboration, boosting their productivity and honing their accuracy. 

Key Features:

  • Scale flexibility and connectivity to your business
  • Use existing spreadsheets or new devices within Planful to plan where you’re comfortable
  • IT involvement is minimal
  • Intelligent automation

Pricing:

  • Pricing details are unavailable online.

Best for:

Planful works best for finance and accounting departments for companies interested in streamlining and automating reporting and tracking processes. Restrictions may exist within their learning curves. 

16. Datarails

Designed for SMBs that use Excel, Datarails offers ad-hoc reporting, asset lifecycle management, budgeting and forecasting, and drag-and-drop data imports. 

Through it, users can look up error-free information at a glance.

This means they’ll be able to better estimate finances for future projects, track expenses, and streamline amortization and depreciation tallies.

Key Features:

  • Easy to set up the dashboard
  • Excel integrations
  • Flexible usability

Pricing:

  • Pricing details are unavailable online.

Best for:

Datarails is suitable for finance teams in small or medium companies not planning to scale.

The platform focuses solely on Excel, so larger companies that utilize other data collection and manipulation (like Google Sheets) may not find this product best for them.

Read our full of Datarails review here

17. Oracle Cloud ERP

Featuring a suite of services such as accounting, business intelligence, material planning, and accounts payable and receivable, Oracle Fusion Cloud ERP offers end-to-end guidance for SMBs that need corporate performance management support.  

Users get real-time alerts and notifications and detailed budget and forecasting tools to help them better manage their business.

This means teams can easily handle expense management through advanced data interpretation.

Key Features:

  • Machine learning to reveal hidden biases and improve overall response time
  • Automate and eliminate manual business processes
  • Identify and launch new business models
  • Monitor results in real-time

Pricing:

  • Pricing details are unavailable online.

Best for:

Oracle Cloud ERP is an ERP system designed for large businesses on an enterprise scale. Because of its ERP functionalities, it’s best used with FP&A software like Cube. 

18. IBM Planning Analytics

Through ad-hoc reporting, advanced budgeting and forecasting, a user-friendly dashboard, and predictive analysis, IBM Planning Analytics helps small and larger businesses better handle their finances.

With a customizable workspace, teams can collect data to gain clear insights, allowing them to improve business outcomes.

Key Features:

  • Web-based interface for easy collaboration
  • AI integration with IBM’s ‘Watson’
  • Create personal sandboxes
  • Direct integration of decision-making optimization

Pricing:

  • Pricing details are unavailable online, but there is a free trial available.

Best for:

IBM Planning Analytics with Watson is a useful platform for businesses of all sizes and can be scaled and tailored to fit your company's needs.

However, users unfamiliar with this type of software may find it has a difficult learning curve.

New call-to-action

19. OneStream

OneStream was designed for modern corporations to gain a clearer perspective into the company’s financial needs with its included data analysis, in-system reporting, and Microsoft Office Suite integration.

Because it can help with everything from bank reconciliation to cash management and even key performance indicator (KPI) tracking, overhead can be reduced and efficiency increased.

Key Features:

  • Automate and accelerate the financial close and reporting process
  • Manage multiple scenarios
  • Data integrations, validations, certifications, and audit trails
  • Harness transactional data to utilize with financial data

Pricing:

  • Pricing details are unavailable online.

Best for:

Upper mid-market to the largest enterprise-class customer with financial planning and reporting complexities.

Setting up OneStream can be difficult and requires a professional, which may deter smaller companies or companies that don’t have a dedicated tech team. 

20. Quantrix

Spreadsheets can quickly become inaccurate when corporate team members try to insert relevant data manually. Quantrix was designed to help reduce that risk.

With tools to help forecast, plan, budget, and foresee future results, this financial modeling platform allows for long-term financial planning at every project stage. 

Key Features:

  • Addresses limitations and risks inherent in traditional spreadsheets
  • Centralized and robust modeling environment
  • Proprietary super-fast calculation engine
  • Flexibility across all industries

Pricing:

  • Pricing details are unavailable online. There is a free trial available.

Best for:

Quantrix works well for any size business across all industries and can be tailored to the specific company's needs.

However, reviews mention that this software may be challenging to learn for inexperienced finance professionals and that little training material is provided.

21. Hubble

Boasting a painless installation process, Hubble is both easily customizable and offers a variety of templates for the user to employ.

Team members can track relevant metrics, utilize a more efficient reporting process, and analyze how data is used, stored, accessed, and organized.

This creates a cohesive understanding of business performance for improved planning and budgeting. 

Key Features:

  • Real-time, all-in-one reporting and analytics
  • Out-of-box tools; minimal setup
  • No technical expertise required
  • Governed reporting process

Pricing:

  • Pricing details are unavailable online, but a free trial is available.

Best for:

Hubble is best for companies using Oracle and JDE EBS. 

22. Centage

Centage’s Planning Maestro is web-based financial forecasting software allowing users to make informed business decisions quickly.

With this resource, teams can experience more advanced planning and budgeting through automated and instantaneous reporting, allowing them to reach financial targets more easily.

It can be deployed both in the SaaS model and in the cloud. 

Key Features:

  • Year-round financial intelligence
  • Excellent stakeholder collaboration
  • Automate daily corporate financial tasks
  • Generate predictions with logical, data-based selections

Pricing:

  • Pricing details are unavailable online.

Best for:

Centage is best suited for large and enterprise-level businesses that are okay with sophisticated software and higher price point. 

23. Oracle Essbase

Available as part of the Oracle Analytic Cloud, Oracle Essbase is a business analytics solution in the form of a multidimensional database management system.

This multidimensional data becomes the substrate to generate insights by the means of what-if analysis and tools for data visualization. 

It's employed to build analytic applications. It can be operated via the web browser interface or Microsoft Office, more precisely through the Smart View add-in for Excel.

Key Features:

  • Deep business insights from scenario modeling
  • Simple workflows
  • Design, manage, and scale within the cloud
  • Quickly upload and use spreadsheets and data

Pricing:

  • Pricing details are unavailable online.

Best for:

Essbase is best for mid-range companies. Most users exist in the insurance sector, with the next highest being in the financial sector. Essbase may not be best for companies that have little database experience. 

What to look for in Corporate Performance Management Software

Sophisticated CPM software helps you easily study revenue, spending, and other ROI-related metrics.

Consolidating information helps you see how the business is performing.

Great corporate performance management software includes many key features:

  • Forecasting, budgeting, and planning
  • Financial consolidation and close
  • Analytics and financial reporting
  • Financial reporting and compliance
  • Profitability modeling
  • Overhead and operational costs
  • Calculating return on investment
  • Multi-currency management
  • Minority ownership
  • Detailed audit trails
  • Local and consolidated reporting

Corporate performance management software should also include simple-to-setup integrations.

When considering your selections, consider your goals (finance vs. strategy), deployment type, reporting, and usability.

Choose the best CPM software

While there is no one-size-fits-all solution, an excellent CPM software platform should make it easier for businesses to measure their successes and align their operations for continued improvement. 

Cube’s CPM capabilities translate to easier reporting and KPIs, more accurate forecasting and budgeting, faster close and consolidation cycles, and collaborative teamwork for more control and fewer mistakes

With quick time-to-value, automated data reporting, and robust integrations Cube is the best CPM solution for faster, easier, and more accurate work. 

New call-to-action