In today’s volatile and sometimes disruptive economic environment, CFOs and finance organizations must lead organizational decision-making processes with insight, speed and confidence. Yet many finance organizations are still bogged down by inefficiencies in routine processes such as the period-end financial close and reporting cycle, making it difficult to shift time to value-added analysis and decision support.

Corporate performance management (CPM) is an enterprise-wide process that helps organizations meet their financial goals by linking their strategies to plans and execution across all divisions and departments. A unified, extensible CPM software platform is essential to efficiently and cost-effectively delivering on this vision while supporting timely and informed decision-making. Conversely, fragmented software approaches to CPM introduce risks, require manual data movement and multiple points of maintenance, and drive a high cost of ownership.

Increasing market volatility and disruption are reshaping and accelerating the future of Finance. CFOs now face a new inflection point. Analyzing revenue, costs, cash flow and operational data on a weekly or even daily basis is no longer just a vision — it’s essential to navigate rapidly changing business conditions. For many organizations, breaking through the month-end reporting cycles to take action “mid-stream” is a requirement to survive and thrive. In short, modern Finance organizations need to lead at speed.