We're planning to add a corporate performance management (CPM) system in the next year. We have a pretty good idea...
of requirements. Is it that much more beneficial to purchase CPM software from our BI vendor? Do the integration benefits outweigh not getting all of the functionality that we might by going with a different vendor?
It is not always proven that going with the current BI vendor's software will best meet your organization’s business and IT requirements. The software might not be as usable or flexible as other products are, and it might not be the most cost-effective option over a three- to five-year time period. Also, the amount of time it takes to deploy a particular software product is sometimes so long that the business value of that time will demand looking at alternatives. While integration of software is important, this category of what I call adaptability must be weighed along with other categories such as usability, functionality, manageability, TCO/ROI and vendor validation as part of what we have defined as the “value index” of software products.
Related Q&A from Mark Smith
There are benefits to CPM and financial performance management software beyond faster budgeting and financial reporting. Learn about using CPM ...continue reading
Get advice on proper Excel spreadsheet management for BI and CPM projects in your organization. Learn when spreadsheets should be used for business ...continue reading
CPM tools can be very beneficial to organizations. And what matters most isn’t the version of your CPM software but how you use it, says a corporate ...continue reading
Have a question for an expert?
Please add a title for your question
Get answers from a TechTarget expert on whatever's puzzling you.