Differences Between EPM and CPM Software

• CPM focuses specifically on providing a corporate-wide application of performance management, primarily for the organization's finance department.
• EPM focuses more broadly on the performance of the entire enterprise, extending beyond the finance departments to sales, marketing, supply chain and more.

What Is CPM Software?

• Consolidation: Close management and consolidation of an organization's finances.
• Planning: Major areas of financial planning, including budgeting and forecasting.
• Analytics and reporting: Gathering and reporting data from all applicable areas in an organization.

Uses of CPM Software

• Specialized performance management processes: With CPM software, you can apply more specialized performance management tactics to your financial planning strategies. CPM software is designed to focus specifically on driving a business's financial goals and increasing shareholders' profits.
• Financial performance data management: CPM software tracks key performance indicators (KPIs) like an organization's operational costs and other expenditures, revenue, return on investment (ROI) and other applicable data sources. With CPM software, accessing and analyzing an organization's financial performance is easier than ever.
• In-depth analytics: CPM software allows business leaders and financial departments to accurately analyze past and current data to make more informed decisions about the direction of their organization. Detailed analytic information is key in financial strategy and planning, and CPM software consolidates financial data into one easily accessible place.
• Convenient and efficient financial management: With all of your financial data in a central location, managing your business's financial performance can be done with extreme precision and efficiency with CPM software.

Want to learn more about CPM Software? Here's everything you need to know.

What Is EPM Software?

Uses of EPM Software

• A broad look at enterprise performance: EPM software's purpose is to manage all performance factors across an enterprise, not just the finance department. EPM is a useful tool to provide business leaders with a clear picture of how different parts of the enterprise are performing individually and working together.
• A bird's eye view of business analytics: EPM software looks at analytics from virtually every part of an enterprise and tracks the KPIs of multiple departments at once. With EPM, you get a summary of your entire company's performance due to advanced analytics technology.
• Large-scale planning: With EPM, budgeting, forecasting and related planning activities are much more efficient and scalable. Creating annual operating plans is easy with the right EPM software on your side.
• Versatile applications: While CPM software caters to the structure of corporate organizations, EPM software can be used for a wide range of non-corporate organizations as well. EPM can easily accommodate the performance management and planning needs of organizations in the government, education, non-profit and other sectors.
• Saved time and energy: As with CPM, EPM software saves organizations time, energy and money when properly applied to business processes. With the ability to capture company data automatically from multiple departments at once and consolidate it into a central hub, employees no longer need to spend hours performing these processes manually.

Learn More About Solver Corporate Performance Management Software