Top 10 Enterprise Performance Management Solution Companies - 2021
Enterprise performance management is the integration of multiple methods such as strategy maps, balanced scorecard, performance measures, and lean management to achieve the executive teams strategy, improve control, and increase financial profits. A gap is widening between what management accountants report and what managers and employee teams want. The gap is being caused by a shift in managers’ needs—from needing to know what things cost and what happened to a greater need for detailed information about what their future costs will be and why.
The value-add, utility, and usefulness of accounting information increases at an exponential rate, as one shifts from financial accounting to cost reporting to decision support with cost planning. When the cost reporting shifts to decision support with cost planning, the analysis shifts to economic analysis. There is a trend toward using management accounting for internal chargebacks from internal service providers to service users. Line-item IT charge back invoices create a service provider a market for pricing. This information also serves for establishing what are effectively “transfer prices” based on cost consumption rates for service level agreements.
At this juncture, there are a wide variety of solution providers entering the industry with a set of advanced enterprise performance management solutions. To help companies navigate through the best-of-breed enterprise performance management solution providers, CIO Review has compiled a list of ‘10 Most Promising Enterprise Performance Management Solution Providers – 2021.’ The enlisted organizations offer solutions that help plan, budget, forecast, and report on business performance as well as consolidate and finalize financial results. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you CIO Review’s, “10 Most Promising Enterprise Performance Management Solution Providers – 2021.”