3 Reasons to deploy a CPM solution in 2024
Have a specific question? Query our research catalogue with the Nucleus AI Tool.
Nucleus analyzed customer conversations from the past 12 months and found that organizations that deployed a CPM system improved strategic planning, reduced time spent on financial close by an average of 65 percent, and reduced costs by avoiding unnecessary hires, while increasing productivity. In 2024, organizations without a CPM system face especially critical challenges, including lack of accuracy in financial forecasting and inefficiencies and inaccuracies in financial consolidation, leading to unsophisticated decision-making. Critical features in CPM solutions include advanced forecasting tools, centralized data and processes, and enhanced compliance capabilities. Vendors that prioritize usability through intuitive interface and generative AI capabilities are expected to excel in the CPM market.
Learn more about Nucleus Research’s ROI case study approach here.
Gain the knowledge you need to effectively develop and deliver a financial business case at ROIUniversity.com.
Have a specific question? Query our research catalogue with the Nucleus AI Tool.
Learn more about Nucleus Research’s ROI case study approach here.
Gain the knowledge you need to effectively develop and deliver a financial business case at ROIUniversity.com.
RELATED RESEARCH
Benefit case study: Oracle EPM at a multi-brand consumer organization
A leading US-based multi-brand consumer products and services organization deployed Oracle Enterprise Performance Management (EPM) to address slow, manual financial reporting and forecasting across multiple…
AI in planning: benefits, barriers, and best practices
Generative AI offerings have flooded the Corporate Performance Management (CPM) market, but measurable returns depend on adoption, not novelty. Nucleus research found that early adopters…
Assessing the value of PLM platforms
Most manufacturers still manage product data in spreadsheets, shared drives, and disconnected point tools, creating slow design cycles, repeated work, compliance risk, and launch delays….
Assessing the value of RPA platforms
Nucleus found that organizations adopting a robotic process automation (RPA) platform realize substantial improvements in process throughput, workforce productivity, and operating costs. The value comes…
Assessing the value of FCC technology
Financial close and consolidation (FCC) platforms centralize and automate period-end activities across multiple entities, ERPs, and accounting standards to produce timely, accurate, and audit-ready financial…
Financial institution cuts application management by 30 percent with Creatio
A financial institution reduced app management costs by 30% and accelerated workflow delivery with Creatio’s no-code platform. Read Nucleus’ analysis.