BPM Pulse 2021 Survey Results: What’s Next

  • Benchmark your project and get new ideas from over 450 peer organizations that took part in this year’s BPM Pulse survey on budgeting, planning, reporting, consolidation, cloud, and mobile performance management. This document contains result highlights supported by charts and expert commentary.
  • Author: BPM Partners
  • Date: October 2021
  • Pages: 20
  • Request your copy today by completing the White Papers Request form

Executive Summary:

The 2021 BPM Pulse survey was conducted during April/May 2021 and received over 450 valid responses. Only input from verifiable end user organizations was accepted.

The demographic breakdown:

  • Largest group of respondents came from North America (83%), followed by Europe (14%)
  • While many industries were represented the largest groups  came from manufacturing, healthcare, financial services, not for profit, government, construction, higher education
  • Company size – 7% small, 63% midmarket, 30% large/enterprise
  • Respondents came from IT and operations, but the largest group (58%) came from Finance, followed by senior executives (15%)
  • Both technology (cloud, mobile, AI, software vendor preference, role of Excel) as well as business topics (forecasting methodology, profitability optimization requirements, operational analytics focus, budgeting and reporting priorities, etc.) are covered. This year’s survey also included questions on the use of these systems to deal with the economic fallout from the pandemic, as well as what capabilities are needed for the next phase of challenges and potential recovery.

The Data Foundation Your CPM Initiative Needs to Succeed

Sponsored by DataRails

  • Crucial to the success of every BPM/CPM/EPM solution is a solid and well-conceived data foundation, which helps establish and maintain one authoritative set of numbers to give credibility to forecasts, budgets, reports and analysis.
  • Author: BPM Partners
  • Date: August 2021
  • Pages: 11
  • Request your copy today by completing the White Papers Request form.

Executive Summary:

Companies preparing for a CPM project to upgrade their FP&A, often confront the obstacle of an incomplete or poorly built data foundation. Data quality issues and information siloes are common, data transformations may be difficult, and manual processes for accumulating information typically need to be replaced. Without a proper data foundation, different business units may disagree on which version of the truth is the correct one, and the organization will struggle to agree on performance outcomes and metrics. Lack of trust in the numbers will hinder decision-making.

Accelerating Finance Transformation

Sponsored by Acterys

  • By staging the project and selecting rapid-deployment software, the benefits of finance transformation can be realized more rapidly.
  • Author: BPM Partners
  • Date: May 2021
  • Pages: 15
  • Request your copy today by completing the White Papers Request form.

Executive Summary:

There are ways to accelerate the benefits of finance transformation: take it in stages, with rapid reforecasting and analysis as a first priority. Choose software that has proven it can be deployed and implemented rapidly, and specifically a unified platform where integration with source systems is streamlined. Look for features that will entice Operations to adopt and use the new software readily and without a learning curve.

Leveraging Financial Consolidation to Manage Through Uncertainty

Sponsored by Fluence Technologies

  • Learn how streamlined financial consolidation can be a major asset in helping mid-sized companies navigate through times of major change and disruption.
  • Author: BPM Partners
  • Date: December 2020
  • Pages: 12
  • Request your copy today by completing the White Papers Request form.

Executive Summary:

Having a single platform process financial data, regardless of source, helps ensure that companies can achieve that all important ‘one version of the truth’. This reliable and consistent data set can then be used to feed instant production of high quality reports and ultimately better informed decision-making.

10 Key Requirements for Next Level Financial Consolidation

Sponsored by Board

  • Discover how large companies can achieve sweeping benefits with a full-scale, comprehensive makeover of financial consolidation, enacted incrementally.
  • Author: BPM Partners
  • Date: July 2020
  • Pages: 11
  • Request your copy today by completing the White Papers Request form.

Executive Summary:

Consolidation is a foundational element of any corporate performance management solution today. Improved management reporting, for example, which is cited as a primary driver in two-thirds of all CPM/BPM projects, relies heavily on consolidation functionality. This whitepaper recommends a set of ten key criteria for selecting a consolidation solution and gives real-life examples of several major companies that “took consolidation to the next level”.

Managing Performance in a Tough Economy

Sponsored by Prophix

  • Learn how performance management systems can help you manage through challenging economic conditions
  • Author: BPM Partners
  • Date: April 2020
  • Pages: 8
  • Request your copy today by completing the White Papers Request form.

Executive Summary:

In difficult economic times, it becomes more important than ever for companies of any size to manage performance efficiently, as well as to be flexible and adaptable in a volatile environment. This is even more crucial for midmarket organizations. In order to be able to move quickly and adapt, it is imperative to have software that can keep pace with changing circumstances, by allowing management to quickly envision and analyze alternate scenarios in order to plan the best course of action. This is easier said than done, as it requires a system in place that supports it. If modeling and analysis is a cumbersome process, it likely will not happen, or will be inadequate.

The Importance of AI in Corporate Budgeting, Planning, and Forecasting

Sponsored by prevero/Unit4

  • Learn about the benefits AI can bring to budgeting, forecasting, and planning
  • Author: BPM Partners
  • Date: December 2018
  • Pages: 10
  • Request your copy today by completing the White Papers Request form.

Executive Summary:

Vendors of corporate performance management (CPM) software have begun to recognize the importance of artificial intelligence (AI) capabilities in their products. Nearly all vendors have some AI-based features today, or under development for an upcoming release, but only a select handful have emphasized AI as a strategic, fundamental component. Customers have started to request AI in CPM systems, particularly for its value in predictive analytics and forecasting – which many in Finance already have experience using that predates the use of AI in this area. This white paper focuses on the role of AI in budgeting but some of the discussion is applicable to other areas of CPM and Finance as well. Due to its “high volume, accurate historical records, and quantitative nature”, Finance is well-suited for artificial intelligence.

Extending Performance Management for Company-Wide Benefits

Sponsored by OneStream Software

  • Discover how to easily go beyond Finance with extended solutions for operations
  • Author: BPM Partners
  • Date: October 2017
  • Pages: 13
  • Request your copy today by completing the White Papers Request form.

Executive Summary:

Business performance management (BPM, also known as CPM or EPM) has established its place and importance in most corporate Finance departments. BPM applications are very effective at automating routine budgeting, planning, and forecasting tasks, as well as consolidation and reporting. This is the core of BPM, but it is just the beginning of the use cases for performance management in the enterprise. Businesses need measurement, analysis and insight, in a wide range of management tasks, and many users outside Finance are ready to put BPM to work in their jobs. Often, this requires extending or modifying the functionality, models, or analytics to fit a department or business unit.

How to Leverage Consolidation Functionality in Budgeting and Planning

Sponsored by Planful (Host Analytics)

  • While many companies use workarounds, learn how to benefit from robust consolidation capabilities during the budgeting and planning processes
  • Author: BPM Partners
  • Date: July 2017
  • Pages: 10
  • This whitepaper is available for Instant Download

Executive Summary:

Financial consolidation functionality can play a key role in making corporate budgets more accurate, faster, and easier to create. If consolidation capabilities such as intercompany eliminations and alternate rollups are not available in their budgeting and planning solution, companies usually resort to work-around methods or make do with rudimentary capabilities that can be tedious and promote errors. In such instances, it can be difficult to create an accurate corporate budget that supports the organization’s structure and its reporting requirements in different jurisdictions.

BPM Pulse 2020 Survey Results: The Transformation of Finance

  • Benchmark your project and get new ideas from over 330 peer organizations that took part in this year’s BPM Pulse survey on budgeting, planning, reporting, consolidation, cloud, and mobile performance management. This document contains the complete raw survey results.
  • Author: BPM Partners
  • Date: June 2020
  • Pages: 80
  • Request your copy today by completing the White Papers Request form

Executive Summary:

The 2020 BPM Pulse survey was conducted during April/May 2020 and received over 330 valid responses. Only input from verifiable end user organizations was accepted.

The demographic breakdown:

  • Largest group of respondents came from North America (77%), followed by Europe (19%)
  • While many industries were represented the largest groups  came from manufacturing, healthcare, financial services, software, not for profit, consumer products, higher education
  • Company size – 8% small, 54% midmarket, 38% large/enterprise
  • Respondents came from IT, operations, executive management, but the largest group (61%) came from Finance, followed by senior executives (17%)
  • Both technology (cloud, mobile, AI, software vendor preference, role of Excel) as well as business topics (forecasting methodology,  profitability optimization requirements, operational analytics focus, budgeting and reporting priorities, etc.) are covered. This year’s survey also included questions on priorities during challenging economic conditions and the status of finance transformation projects.