Top 20 Enterprise Performance Management Solution Companies - 2019
With time, modern organizations should relook their way of managing operations to remain competitive in the market as well as keep up with the emerging technologies. Their operations can be effective with smart strategies, intelligent information management systems, and customized technologies for planning, consolidation, and reporting. Enterprise performance management (EPM) solutions aid an organization in monitoring business performance and achieving set goals. EPM tackles a full range of budgeting, forecasting, and planning challenges with cloud apps that aim to address Excel-based EPM shortcomings in the areas of sales, human resource, and operations. As organizations in this era of digital disruption need to be nimble, cloud technologies offer the agility to adapt to changing conditions rapidly. Thus, EPM in the cloud goes far beyond cost savings, putting a business on a competitive footing.
Moving to the cloud has enabled organizations to innovate and adopt best practices such as forecasting, driver-based planning, and faster reporting to disseminate standardized best practices across an organization, leading to higher productivity and performance. Besides, best practice becomes a well-organized toolbox in the cloud era that is continually upgraded with the latest features. The cloud customers benefit from access to the most current technologies like artificial intelligence (AI) and machine learning. Imbibing these latest technologies into EPM products is further enriching its capabilities, and at the same time, making the tasks easier for the organizations. Machine learning algorithms help decision-makers with quality information related to interest rate, runoff, and growth rate. On the other hand, AI learns from past predictions and continuously improves the accuracy of the forecasting.
Further, most organizations are investing in IoT to analyzing data collected from connected devices. Facilitating seamless access to diverse data, IoT helps in automating the workflow processes throughout the organization. By deploying an organization-wide EPM platform, companies are effectively collapsing informational data silos while connecting strategic, financial, and operational goals. When operating from a single source of truth, businesses can increase forecasting frequency, while streamlining the processes of planning, budgeting, and reporting.
In this edition, CIOReview is glad to feature Strategic Pricing Associates (SPA) which provides an integrated sales and pricing analytics platform along with performance skills training to help sales teams add greater value to customers. SPA’s proprietary analytics platform is helping companies convert their own invoice data into pricing architectures that develop their pricing performance and aids them to attain a competitive position. Another company, Optimization Partners, helps small- and medium-sized businesses and enterprises innovate and solve their most pressing issues and optimize their sales and profits. With several innovative technological capabilities and success stories up their sleeves, these EPM solution providers are constantly proving their mettle in the market. The companies listed in this edition guide organizations in harnessing the power of technology to tackle today’s business challenges, reduce workload, and increase efficiencies. We hope this edition will help you build the partnership you and your firm need to foster a technologically-driven business environment.
We present to you CIOReview’s “20 Most Promising Enterprise Performance Management Solution Providers 2019.”