Corporate Performance Management (CPM) software development - outsourcing company Boosty Labs

Corporate Performance Management software development

CPM (Corporate Performance Management) is an enterprise performance management system. It brings together processes, metrics and methodologies to measure and manage enterprise performance. For several years, the Boosty Labs team has been successfully involved in corporate performance management software outsourcing. We are a world-class fintech and cloud engineering team with a solid background of practice that combines consulting, strategy, design and engineering at scale.

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Benefits of corporate performance management software development

Strategy

Creating a strategy map and scorecard with goals, metrics, tactical plans and everything you need to bring your strategy to life.

Risk

Optimized risk and compliance assessment to provide a consistent view of data across a variety of business environments.

Integration

Integrating and consolidating data from different sources using formulas, spreadsheets, and external database connectors.

Analysis tools

Deep analytics and business intelligence to transform information into actionable insights.

Portals

Monitoring performance in real time with personalized dashboards.

Benefits of Boosty Labs outsource corporate performance management software solutions

Full set of features

The solutions provide organizations with a complete set of capabilities to transform strategy into operational goals by defining behavior and performance and collecting metrics to measure and control business performance and measure progress. Managers can monitor and analyze performance in real time through flexible and interactive dashboards, improving situational awareness, leading to more efficient, faster, and more actionable decisions.

Сonstant access to information with optimized performance

With our solutions for managing corporate performance, organizations can confidently and more easily provide continuous access to information with optimized performance. Businesses can maximize their investment with a modular solution that meets pressing business needs and challenges, while being integrated for a more complete solution that creates more value. The solution supports the management of performance variances, strategic and operational risks, projects, action plans, financial resources and processes, as well as a wide range of best-in-class performance management models and practices.

Efficient data entry management

CPM solutions use a guided workflow to manage inbound processes that includes due dates and reminders for tasks, including data entry, approvals, changes, or revisions. The software makes data entry easy for users by eliminating the task of collecting multiple data items or cutting and pasting data. It optimizes the flow of information by automatically integrating and consolidating data from different sources (external databases, Excel spreadsheets, formulas) and provides access to users anytime, anywhere.

Building a culture of productivity

The software offers strategic maps, analytical charts, and charts designed to help you understand the causal relationships of key processes, goals, and KPIs. It also provides a tool for solving performance problems and identifying appropriate actions for the responsible team, creating a culture of performance.

What technologies are used by CPM systems?

OLAP (on-line analytical processing) technology, which is used in a number of modern CPM systems, copes with the tasks of enterprise performance management. With its help, the following are implemented:

  • financial planning and forecasting;
  • strategic planning;
  • financial and management reporting;
  • formation of consolidated financial statements;
  • building profit and optimization models.

OnLine Analytical Processing (OLAP) technology is responsible for data processing, including the compilation and dynamic publication of reports and documents. In fact, it is a tool for interactive analysis of information.

OLAP technology provides the user with a large amount of data for analysis. Moreover, it works faster than traditional solutions – relational databases. All information is presented in the form of multidimensional OLAP cubes. In addition, access levels are usually configured for different user groups.

In fact, OLAP provides planning for a month, quarter or year and for the long term – 5, 10 or more years.

Characteristic features of the technology:

  • Multidimensional data concept. Management of multidimensional data arrays. The number of dimensions of OLAP cubes is not limited.
  • Sustained query processing speed. Performance does not degrade as the number of OLAP cubes grows.
  • Client/server architecture. Based on open modular systems, works with a remote server. 
  • Flexible configuration of final reports. The user sees what is needed, and all changed data is immediately displayed in reports. 
  • Intuitive interface. 

Process automation and cost reduction are hot topics for both the public sector and private business. For many industries, a CPM solution will be effective. Among them:

  • Financial sector.
  • Energy.
  • Telecommunications. 
  • Government sector. 
  • Mechanical engineering. 
  • Industry. 
  • Pharmaceuticals and healthcare. 
  • Building. 
  • IT.

The CPM system provides business owners with a number of advantages in enterprise management: 

  • Strategy. How to achieve the goals set by shareholders.
  • Budgeting. How to optimize costs. 
  • Profitability. Which areas of the company's activities are profitable and which ones are sagging. 
  • Consolidated reporting. How to start publishing reports earlier. 
  • Planning. What will the company do in 2 years, 3, 5, 10 years.