Step up your game in developing your strategies for business growth and improvement in enterprise performance by going digital with the process. Have the data you need at hand, generate the necessary reports, and run an analysis collected results with just a few clicks using robust enterprise performance management software.
10+ Best Enterprise Performance Management Software
1. Workday Adaptive Planning
2. Oracle EPM Cloud
3. OneStream XF
4. ARES PRISM
5. Epicor
6. Planview
7. Axiom
8. Anaplan
9. Planful
10. Prophix
11. Vena
What Is Enterprise Performance Management Software?
Enterprise performance management software is a modern solution that helps end-users streamline the processes of monitoring and managing business performance. It gathers and processes data analytics across internal and external sources regarding usage of resources and the progress of activities.
Also, this software functions to generate visual reports, making it easier to understand patterns, dependencies, and data relationships to have better insights in responding to issues and improving operational efficiency. In addition, enterprise performance management solutions also have project planning tools, making it easier to collaborate and pitch ideas for the people involved.
Benefits
This technology allows you to get data and updates in real-time, equipping you with the knowledge needed for informed decisions. It has capabilities to store data and documents in an electronic database, allowing you to access them remotely using your digital devices. Also, using this software solution automates the repetitive processes involved and ensures the accuracy of the information throughout the process.
Features
Your choice of software should be one that you can rely on in improving your strategies for achieving your goals. It should help you fill in gaps to produce quality results in all relevant performance areas. To do so, you should look for the solution in the software market that best fits your budget, offers a user-friendly interface, and support the digital devices used in your operations and business functions. The following are features you should also look into:
- Data collection tools
- Resource management capabilities
- Cash flow management features
- Idea management functionalities
- Time and expense tracking tools
- Data analysis and reporting capabilities
- Advanced KPI tracking features
- Business modeling functionalities
- Budgeting and forecasting tools
Top 10 Enterprise Performance Management Software
1. Oracle EPM Cloud
This data management solution offers financial consolidation functionalities and a business dashboard. They have 132,000 people in their team and have a revenue of 40.47 billion dollars.
2. Axiom
Axiom is a platform that offers users business intelligence and forecasting capabilities. They have 6,200 employees and have a generated revenue of 1 billion dollars.
3. Epicor
With Epicor, you can simplify the complexities involved in budgeting and asset lifecycle management. They have employed 4,100 people and have a revenue of 836 million dollars.
4. Anaplan
Anaplan is a sales performance management software with scenario planning and quota planning functionalities. They have 1,900 people in their team and have 447.8 million dollars in revenue.
5. OneStream XF
With this business performance management software, you can streamline processes for overseeing financial analysis and managing audit trails. They have 222.5 million dollars in generated revenue and have 1,073 employees working for them.
6. Planview
Planview is an enterprise architecture software with milestone tracking and change management features. They have 147 million dollars in revenue and have 700 employees in their team.
7. Planful
Functionalities for modeling & simulation and capabilities for roadmapping are accessible in this digital solution. They have 78 million dollars in generated revenue and have 360 employees working for them.
8. Prophix
Key performance indicators monitoring and dynamic modeling tools are features you can use in this reporting software. They have generated a revenue of 57 million dollars and have employed 275 people.
9. ARES PRISM
With this digital solution, you can utilize features for equipment tracking and accounting software integration. They have 65 people working for them and have 9.4 million dollars in generated revenue.
10. Workday Adaptive Planning
This reporting software has strategic planning and dynamic modeling tools. They have 1.5 million dollars in generated revenue and have 18 employees.
FAQs
Why is it essential to measure enterprise performance?
Continuously monitoring performance and measuring results allows you to determine which facets in your enterprise processes fall under your strengths and weaknesses. Through this, you can formulate action plans and business strategies to resolve issues as you progress to achieve growth and boost profitability. Also, it helps you set achievable, relevant, realistic, and timely targets and goals.
What is ERP software?
Vendors designed ERP (Enterprise Resource Planning) software to help enterprises streamline the activities and tasks involved in their daily operations. It has tools and platforms, making it easier for end-users to procure goods, track inventory, oversee accounting, and have an extensive list of other processes. Also, it has supply chain collaboration tools and client & supplier relationship management features for better relationships and smoother transactions.
How do enterprise applications improve business performance?
Enterprise applications allow a more seamless flow of information and data across the varying departments and locations. Also, it simplifies the processes of monitoring the performance of fixed assets and tracking equipment maintenance needs to ensure workspace safety and productivity in the workforce. This set of applications also improves customer satisfaction and increases scalability.
Always aim to outgrow your current performance with the best enterprise performance management software to aid you with the process. Establish a data-driven culture in securing opportunities and eliminating threats by getting the right tool to ensure an effective digital transformation in your enterprise. Get yours from this list that features nothing less than the best for you.
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