The usage of Corporate Performance Management (CPM) solutions is expected to increase up to 77 percent over the next two years, according to an independent study of 1,000 senior financial professionals by Merrill Research.
In the study, prospective CPM buyers in midsized companies also identified the product and vendor attributes that are most important in their evaluations. These included: strong reporting capabilities; ease of use; quick and easy implementations; strong budgeting and forecasting features; excellent customer service; and strong dashboards and scorecards.
The research also found that currently 39 percent of respondents have a CPM application in place. In addition, new purchases are projected to come from both existing CPM users (31 percent of current users plan to purchase a replacement solution), and new users (47 percent of those without a CPM solution are considering one).
The Merrill Research study was conducted online to senior finance professionals involved in purchasing decisions or recommendations related to financial management software for their organizations. Respondents were from companies with 100 to 9,999 employees and $10 million to $5 billion in annual revenue.
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