Top Software Picks & Reviews

Enterprise Solutions

Top 5 Corporate Performance Management Software Of 2024

By TechDogs Editorial Team

Overall Rating

Overview

The ingenious, brilliant and mesmeric theme of Interstellar, the 2014 movie, revolved around the undying spirit of humans and mysterious beings of the fifth dimension. It required traveling through time and space, a variety of exoplanets and even a wormhole to ensure mankind survived. #SpoilerAlert

Of course, none of this would be possible without machines - by that, we mean more than just spaceships. The humans aboard the spaceship, traversing through space, were accompanied by two AI-powered tactical robots, TARS and CASE.

Fed with vital data for the mission, these robots were capable of quick calculations and forecasting, ensuring the mission flowed smoothly. Moreover, they could predict multiple scenarios to provide the path with the most ideal outcome, enabling the astronauts to make informed and insightful decisions.

If you are wondering why we are discussing Interstellar, it's because the movie has a lot to do with situations that businesses in the modern day. While Interstellar might sound like a story from the future, businesses also need to strategize, plan and simulate scenarios for better decision-making. That is where Corporate Performance Management Software comes into play!

In this article, we will be discussing the top 5 Corporate Performance Management Software of 2024, so you can find your TARS and CASE for your enterprise. Ready?

From the vivid experiences in space, it’s time to come down to earth and play on a simple, green soccer field. If you’re familiar with the sport, you’ll know that each game consists of at least 2 halves. There is a 15-minute break between each half when the players get to cool down and managers can assess their team’s performance.

The manager comes into a game with a set game plan. Quite often, these plans include contingencies that adjust a team’s approach based on the game’s conditions. The half-time break allows the manager to assess the performance of the team in the first half and make necessary changes to help achieve the intended objectives in the second half – that is, win the game!

Of course, businesses don’t have half-time breaks and certainly wouldn’t be thinking of full-time whistles! Yet, they must assess their position to ensure they’re on track or make necessary changes if needed.

This is why they use Corporate Performance Management Software. This nifty tool helps them define and manage their strategies and helps them improve them by tracking key performance indicators (KPIs) across departments like finance, operations, sales, manufacturing, workforce, HR and others.

Essentially, the tools help plan, define, analyze and forecast strategies and business objectives, while driving insightful decision-making across the business.

Moving ahead of the Top 5 Corporate Performance Management Software of 2023, let’s look at the top 5 Corporate Performance Management Software of 2024!

Top 5 Corporate Performance Management Software Of 2024

Corporate Performance Management Software helps businesses plan, define, analyze and manage their strategies and objectives to ensure they perform at the optimum level. This includes identifying KPIs across various business verticals and making required changes to affect the outcome in their favor.

So, let’s get into the list of the top 5 Corporate Performance Management Software for 2024 - in random order.

Board	Workday Adaptive Planning	Anaplan
Mosaic Tech	Vena

Tool 1: Board

Founded in 1994, the Board is headquartered in Chiasso, Ticino, Switzerland. The company has around 800 employees spread across its 24 office locations. Board boasts customers like Coca-Cola, T-Mobile, Toyota, H&M and HSBC. It has consistently been ranked amongst the top tools, making it into Gartner’s Magic Quadrant for Financial Planning Software Leader in 2023 and as a Leader in G2’s Winter 2023 report. Now these are some achievements!

Source

Making its way back to our list this year, Board brings you intelligent, future-proof planning, reporting, predictive analytics and performance management with real-time insights. The platform makes it easier for you to gather business intelligence with its low-code/no-code customization and drag-and-drop functionality. Built keeping in mind the needs of enterprises and business users, Board comes with powerful security and scalability!

Board also specializes in intelligent enterprise planning solutions for a range of sectors. This includes finance, where the platform helps you drive growth, manage risks and enhance profitability. For retailers, it improves merchandising, assortment and replenishment. Companies engaged in supply chains can also balance and optimize the growth of their demand and supply requirements. Sales teams can increase performance with end-to-end visibility, while human resource departments can create budgets and forecasts. One solution for everyone!

Feature Ratings:

Ease Of Use: ⭐⭐⭐⭐
Value For Money: ⭐⭐⭐⭐
Startup Friendly: ⭐⭐⭐
Enterprise Friendly: ⭐⭐⭐⭐⭐
Customer Support: ⭐⭐⭐⭐

Tool 2: Workday Adaptive Planning

Founded in 2005, Workday has its headquarters in Pleasanton, California, USA. The company has a workforce of over 10,000 employees located in over 60 offices spanning 25+ countries. With a customer base consisting of over 6,000 customers and brands such as Shutterstock, H&R Block, KeyBank and Generalli and others, the company was even named in Gartner’s Magic Quadrant for Financial Planning Software Leader in 2023 and as a Leader in G2’s Winter 2023 report.

Source

Returning to our list this year, Workday Adaptive Planning offers an easy-to-use platform that can be deployed quickly. It comes with built-in analytics that scales with your business, enabling faster and more flexible decision-making. This is propelled by the platform’s advanced data visualization, AI-driven insights and powerful reporting capabilities. The platform can be used for financial, marketing, sales, workforce and operational planning, budgeting and forecasting as well. #AllInOne

Workday Adaptive Planning is focused on infusing its platform with advanced technology. Built with true cloud architecture, it ensures that all users work on the same version and use all the latest features. Furthermore, artificial intelligence (AI) and machine learning (ML) are at the core of Workday’s platform, giving you powerful and intelligent predictions and automation in your workflow.

Feature Ratings:

Ease Of Use: ⭐⭐⭐⭐
Value For Money: ⭐⭐⭐⭐
Startup Friendly: ⭐⭐⭐⭐
Enterprise Friendly: ⭐⭐⭐⭐⭐
Customer Support: ⭐⭐⭐

Tool 3: Anaplan

Anaplan was founded in 2006. Today, it has over 2,000 employees spread across 14 offices located around the world and more than 200 partners, including Deloitte, McKinsey & Company and Accenture, working for its 2,000+ market-leading customers. Anaplan was named a Leader by Forrester Wave’s inaugural Digital Operations Planning and Analytics report, while also being named a Leader in Gartner’s Magic Quadrant for Financial Planning Software in 2023.

Source

Making its way onto our list this year for the first time, Anaplan helps you gain end-to-end visibility across your organization by eliminating blind spots through real-time insights using the platform’s enterprise-wide Connected Platform. The platform offers you a single source of planning truth, with scalable, intelligent and unified user experiences and an advanced modeling engine for accurate forecasting. The platform helps you connect your financial, strategic and operational planning and is great for sectors like finance, sales, supply chain, HR and workforce. Anaplan is for everything and everyone!

Anaplan helps you mitigate risks by using ML-driven forecasting to generate intelligent insights that facilitate better business planning processes. This comes courtesy of Amazon Forecast and Anaplan PlanIQ – both part of the platform. It also allows you to navigate supply chain risk, manage programs and enhance business performance across myriad operating factors with detailed analyses. Pretty cool!

Feature Ratings:

Ease Of Use: ⭐⭐⭐⭐
Value For Money: ⭐⭐⭐⭐
Startup Friendly: ⭐⭐⭐
Enterprise Friendly: ⭐⭐⭐⭐
Customer Support: ⭐⭐⭐⭐⭐

Tool 4: Mosaic Tech

Although Mosaic was technically founded in 2019, the company’s founding team had been working together since 2012 as they worked to support the business decisions for a company in “hyper-growth”. Frustrated by the slow, complex and inefficient tools in the market, they set out to address modern challenges with Mosaic. Today, the company is headquartered in San Diego, USA and has been rated amongst the top tools, even being named a Leader in G2’s Winter 2023 report, making it a success story!

Source

Featuring once again on our list this year, Mosaic Tech brings agile and collaborative forecasting to change business conditions in real-time. The platform boasts 8x faster modeling capabilities that enable 50% shorter planning cycles. Furthermore, by connecting your models to live data, it also helps you understand and manage assumptions to garner better and more profitable decisions.

The best part? Mosaic Tech allows you to create multiple scenarios to predict a range of outcomes, helping you see and understand the road ahead and make changes on the fly. This is enhanced by the ability to run simple and complex scenario analysis and stress tests, to proceed with the right path to drive growth. Furthermore, thanks to the platform’s collaborative features, you can also share different plans with stakeholders to get continuous feedback. Now, growing at every step is made easy with Mosaic!

Feature Ratings:

Ease Of Use: ⭐⭐⭐⭐⭐
Value For Money: ⭐⭐⭐⭐
Startup Friendly: ⭐⭐⭐
Enterprise Friendly: ⭐⭐⭐⭐
Customer Support: ⭐⭐⭐⭐

Tool 5: Vena

Vena was founded in 2011. Today, the company is headquartered in Toronto, Canada and has over 500 employees spread across 3 office locations, including Albany, USA and London, UK. In 2023, Vena earned the TrustRadius Best of Awards in three categories (Best Feature Set, Best Relationship and Best Value for Price) and even received 16 awards from G2’s Spring 2023 report including Leader in Corporate Performance Management and Momentum Leader in Budgeting and Forecasting.

Source

Vena features as a new entrant on our list this year! The platform helps you drive agile, business-wide planning with resilience and growth by using unified data to create actionable insights. It helps you with budgeting and forecasting, strategic planning, what-if analysis and business-wide reporting. Furthermore, its extended planning ability also covers cash flow, workforce, capital expense, revenue, sales and operational planning. It goes beyond planning as it can help you with financial consolidation, account reconciliation, incentive compensation management, tax provisioning and more!

Vena is the only complete planning platform natively integrated with Microsoft 365. This means that Microsoft Excel acts as you plan your canvas, integrated dynamically into the platform. Vena also comes with industry-leading AI, flexible data modeling and embedded financial intelligence. Additionally, you get automated workflows, source system integrations and strong security as well! Well, isn’t that wholesome!

Feature Ratings:

Ease Of Use: ⭐⭐⭐⭐
Value For Money: ⭐⭐⭐⭐
Startup Friendly: ⭐⭐⭐
Enterprise Friendly: ⭐⭐⭐⭐
Customer Support: ⭐⭐⭐⭐⭐

Winding It Up

Business is all about making the right decisions at the right time. With Corporate Performance Management Software, businesses can not only do that but also ensure they’re on track with their intended strategies and objectives. The software helps them measure key areas of performance, productivity and profitability to align and improve their future moves!

Every business has unique performance management needs, which is why you should ensure you pick a platform that suits your unique requirements.

Frequently Asked Questions

What Are The Top 5 Corporate Performance Management Software Of 2024?

The top 5 Corporate Performance Management Software tools for 2024 include Board, Workday Adaptive, Mosaic Tech and Vena. Each of these tools offers a range of features and functionalities tailored to help businesses plan, define, analyze and manage their strategies and objectives effectively.

How Can Corporate Performance Management Software Help Businesses Improve Their Performance?

Corporate Performance Management Software helps businesses improve their performance by enabling them to define and manage their strategies, track key performance indicators (KPIs) across various departments and make data-driven decisions. These tools facilitate better planning, forecasting, and analysis, leading to enhanced productivity, profitability and strategic alignment across the organization.

What Factors Should Businesses Consider When Choosing Corporate Performance Management Software?

When choosing Corporate Performance Management Software, businesses should consider factors such as ease of use, value for money, scalability, integration capabilities, customer support and suitability for their specific industry and business needs. It's essential to select a platform that aligns with the organization's goals and can accommodate its unique requirements for planning, reporting and performance management.

Enjoyed what you read? Great news – there’s a lot more to explore!

Dive into our content repository of the latest tech news, a diverse range of articles spanning introductory guides, product reviews, trends and more, along with engaging interviews, up-to-date AI blogs and hilarious tech memes!

Also explore our collection of branded insights via informative white papers, enlightening case studies, in-depth reports, educational videos and exciting events and webinars from leading global brands.

Head to the TechDogs homepage to Know Your World of technology today!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs' site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.

Tags:

Corporate Performance Management (CPM) SoftwareTop 5 Corporate Performance Management Software Of 2024 Enterprise Solutions Corporate Performance Management Software Corporate Performance Board Workday Adaptive Planning Anaplan Mosaic Tech Vena

Join The Discussion

Software Development