If you're using Business Intelligence (BI) software to compile and review your organization's financial data, you know it can be a powerful window into the numbers, providing you with a better understanding of your strengths and weaknesses, and how to move forward. This is why the global market for BI is estimated to be $16.9B in 2016 by Gartner.
But what if your BI software could do all of that and then some, integrating financial reporting, data visibility and enhanced Excel-based reporting in a single application that cuts your decision-making time in half, at a fraction of the cost?
The Emergence of CPM
With the recent emergence of Corporate Performance Management (CPM) software, you're now in a position to take advantage of what we call Business Intelligence 4.0 – with all of the information you need, but with enterprise-wide capabilities that allow you to integrate multiple sources and tools, and to drill down into performance metrics for budgeting, forecasting, financial consolidation, and deep-dive financial reporting.