Best CPM Software Of 2024

User reviews for Oracle EPM paint a mixed picture, highlighting both its strengths and weaknesses. Many users praise its ability to automate tasks, streamline processes, and provide real-time insights, leading to improved efficiency and accuracy. They also value its ability to facilitate collaboration across departments and its centralized view of financial data, which fosters better decision-making. One user commented, "EPM has completely transformed our financial close process, reducing our closing time by 50%." Others appreciate how EPM helps them comply with complex regulations, with one user stating, "EPM has saved us countless hours and resources by automating our compliance reporting."

However, some users find EPM's initial setup and configuration to be challenging and time-consuming. The cost can also be a barrier for smaller businesses. Additionally, the steep learning curve requires users to invest significant time and resources in training. Some users also expressed frustration with EPM's limited customization options and the challenges they faced integrating it with other systems. One user noted, "While EPM offers a lot of features, it can be inflexible at times and doesn't always meet our specific needs." Another user commented, "Integrating EPM with our existing ERP system was a major headache."

When comparing EPM to similar products like SAP BPC and Anaplan, users often highlight EPM's comprehensive feature set, robust security measures, and seamless integration with other Oracle applications as its main differentiating factors. However, some users find SAP BPC to be more user-friendly and Anaplan to be more agile and adaptable. Ultimately, the best choice for individual users and businesses depends on their specific needs and priorities.

Anaplan has garnered a reputation for its robust modeling capabilities, allowing users to create intricate financial models with ease. Reviewers frequently praise its flexibility and ability to handle complex calculations, making it a powerful tool for forecasting, budgeting, and scenario planning. The platform's "Connected Planning" approach, which links various planning processes across an organization, is seen as a major advantage, enabling better collaboration and alignment between departments. However, some users find the interface to be less intuitive than other performance management systems, requiring a steeper learning curve. Additionally, the platform's extensive customization options, while powerful, can sometimes lead to complexity and require specialized knowledge to manage effectively.

Compared to competitors like Oracle Hyperion and SAP BPC, Anaplan stands out for its cloud-based architecture and user-friendly interface. Reviewers often highlight its ease of use and accessibility from any device, making it a popular choice for organizations with distributed teams. While Anaplan may not have the same level of industry-specific functionality as some of its competitors, its flexibility and ability to integrate with other systems make it a versatile solution for a wide range of planning needs. The platform's scalability is also a significant advantage, allowing organizations to easily adjust their usage as their needs evolve.

Anaplan is best suited for mid-sized to large organizations with complex planning requirements and a need for collaboration across departments. Its ability to handle large data sets and perform sophisticated calculations makes it ideal for financial planning, sales forecasting, and supply chain management. However, smaller organizations or those with simpler planning needs may find the platform's capabilities to be excessive and the learning curve to be a barrier to adoption.

Adaptive Planning has garnered a reputation for its user-friendly interface and robust reporting capabilities. Users frequently praise its intuitive design, making it easy for finance teams to navigate and generate reports without extensive training. The drag-and-drop functionality and customizable dashboards are particularly popular, allowing users to tailor the system to their specific needs. Compared to other ERP software options, Adaptive Planning excels in its ability to handle complex financial modeling and forecasting. Its scenario planning tools enable users to create multiple "what-if" scenarios and analyze the potential impact of different business decisions. This feature is especially valuable for organizations operating in dynamic markets or facing uncertain economic conditions.

However, some users have noted that Adaptive Planning's implementation process can be time-consuming and require significant IT resources. Additionally, while the software offers a wide range of features, some users find that certain functionalities, such as expense management, are not as comprehensive as those offered by competing products like Oracle NetSuite or SAP. These limitations may necessitate the use of additional software solutions, potentially increasing overall costs and complexity. Despite these drawbacks, Adaptive Planning's strengths in financial planning and analysis make it a compelling choice for mid-sized to large businesses with complex financial needs. Its ease of use and powerful reporting capabilities empower finance teams to gain deeper insights into their data and make more informed decisions, ultimately driving business growth and profitability.

Prophix has received generally positive feedback from users over the past year, with many praising its ease of use and intuitive interface. Users with limited technical expertise found the software easy to navigate and perform tasks, such as budgeting, forecasting, and reporting. The drag-and-drop functionality and pre-built templates were particularly helpful for streamlining workflows and reducing manual data entry. Reviewers frequently compared Prophix to other EPM software options like Oracle Hyperion and SAP BPC, noting that Prophix offered a more user-friendly experience at a more affordable price point.

While Prophix's user-friendliness is a significant advantage, some users noted limitations in its advanced functionality compared to more comprehensive EPM solutions. For example, complex financial modeling and scenario analysis may require additional customization or integrations with other tools. Additionally, some users expressed a desire for more robust data visualization and reporting capabilities. Despite these limitations, Prophix's core strengths lie in its ability to simplify and automate essential EPM tasks for mid-sized businesses. Its affordability and ease of use make it an attractive option for organizations seeking to improve their financial planning and analysis processes without the complexity and cost associated with enterprise-level EPM solutions.

Overall, Prophix appears to be well-suited for mid-sized businesses and departments within larger organizations that require a user-friendly and affordable EPM solution. Its intuitive interface, pre-built templates, and core functionalities cater to the needs of users with varying levels of technical expertise. While it may not offer the same level of advanced functionality as some of its competitors, its ease of use and affordability make it a valuable tool for organizations looking to streamline their financial planning and analysis processes.

OneStream has garnered significant praise for its ability to unify various financial processes, such as financial close, consolidation, reporting, planning, and analysis, into a single platform. Users appreciate the software's flexibility and scalability, allowing them to adapt it to their specific needs and grow with their organization. The platform's Extensible Dimensionality® feature enables users to incorporate additional dimensions and attributes without impacting performance, providing a level of customization that sets it apart from competitors like Oracle Hyperion and SAP BPC. This is particularly beneficial for complex organizations with diverse reporting requirements.

While OneStream offers a robust set of features, some users find the initial learning curve to be steeper compared to other EPM solutions. The software's extensive capabilities and flexibility require a deeper understanding to fully leverage its potential. Additionally, implementing OneStream often necessitates a significant investment in time and resources, particularly for larger organizations with complex financial processes. However, many users believe that the long-term benefits outweigh the initial challenges, citing improved data accuracy, increased efficiency, and better decision-making as key advantages.

OneStream appears to be most suitable for mid-sized to large enterprises with complex financial consolidation and reporting needs. Its ability to handle large data volumes, support multiple currencies and entities, and provide granular reporting capabilities makes it an ideal choice for organizations operating in multiple countries or with diverse business units. The platform's unified approach also benefits organizations seeking to break down silos between finance and operations, fostering collaboration and providing a single source of truth for financial data.

Tagetik, a financial performance management software, has garnered positive feedback for its robust functionality and flexibility. Users appreciate its ability to handle complex financial processes, such as consolidations, budgeting, and forecasting, with ease. Its strength lies in its ability to adapt to unique business requirements, allowing for customization and integration with existing systems. For instance, one user highlighted how Tagetik seamlessly integrated with their ERP system, streamlining data flow and reducing manual effort. This adaptability sets it apart from competitors that offer more rigid solutions.

However, some users noted that Tagetik's extensive features can lead to a steeper learning curve. The initial setup and configuration may require more time and effort compared to simpler software options. Additionally, while Tagetik offers comprehensive customer support, some users expressed a desire for more readily available resources and documentation. Despite these challenges, users generally agree that Tagetik's capabilities outweigh its complexities, making it a valuable tool for organizations with intricate financial needs.

Tagetik is best suited for mid-sized to large enterprises with complex financial operations and a need for advanced reporting and analytics. Its scalability and adaptability make it an ideal choice for organizations seeking a comprehensive solution to manage their financial performance effectively. While the initial learning curve may require investment, the long-term benefits of improved efficiency, accuracy, and insights make Tagetik a worthwhile consideration for businesses looking to elevate their financial management processes.

Jedox has garnered a reputation for its robust data modeling capabilities and Excel integration, making it a popular choice for organizations with existing Excel-based processes. Users appreciate the familiar interface and the ability to leverage their existing Excel skills, reducing the learning curve and facilitating user adoption. The platform's strength lies in its ability to handle complex calculations and data manipulations, making it suitable for financial planning, budgeting, and forecasting tasks. However, some users find the interface outdated and less intuitive compared to modern cloud-based solutions. Additionally, while Jedox offers cloud deployment options, its on-premise roots can lead to challenges with scalability and accessibility for remote teams.

When compared to competitors like Anaplan and Adaptive Insights, Jedox stands out with its powerful OLAP engine and Excel integration. This makes it a preferred choice for organizations that prioritize data analysis and manipulation capabilities. However, Jedox may fall short in terms of user-friendliness and collaboration features, where cloud-native platforms often excel. The platform's pricing structure, which can be complex and involve multiple components, is another factor that potential users should carefully consider. Ultimately, Jedox is best suited for organizations with strong Excel expertise and a need for advanced data modeling and analytical capabilities, particularly in finance and controlling departments.

Planful has garnered a reputation for its robust financial reporting and analysis capabilities, particularly excelling in budgeting, forecasting, and consolidation. Users appreciate the software's ability to handle complex financial models and its flexibility in generating custom reports. The platform's intuitive interface and user-friendly design have also been praised, making it accessible to both finance professionals and non-financial users. However, some users have noted that the initial setup and implementation process can be time-consuming and may require significant support from Planful's team. Additionally, while Planful offers a wide range of features, some users have expressed a desire for more advanced functionality in areas such as workforce planning and project accounting.

Compared to competitors like Adaptive Insights and Vena Solutions, Planful stands out for its comprehensive financial consolidation capabilities and its ability to handle large volumes of data. Its reporting and analytics tools are also considered to be more user-friendly and customizable. However, Adaptive Insights may be a better choice for organizations seeking a more cloud-based solution with stronger integrations with other business applications. Vena Solutions, on the other hand, may be more suitable for companies with complex financial modeling needs due to its Excel-based interface.

Overall, Planful is best suited for mid-sized to large enterprises with complex financial reporting and analysis requirements. Its strengths lie in its budgeting, forecasting, consolidation, and reporting capabilities, making it an ideal choice for organizations looking to streamline their financial processes and gain deeper insights into their financial performance. However, companies with limited IT resources or those seeking a more cloud-based solution may want to consider alternative options.

SAP Analytics Cloud is a powerful data visualization tool that helps users explore data in an easy-to-understand format and discover metrics that help them make informed decisions.

Many users who reviewed visualization said that the platform has rich graphics libraries and a range of templates for story presentation of business metrics. Citing its aesthetic design, a majority of users said that the solution’s interface is intuitive for programmers and non-technical users alike. Mentioning its strong predictive and augmented analysis capabilities, a lot of users said that the platform is a strong planning tool and helps them gain business insights easily. Many users said that the tool works well on a plethora of devices, including mobile, and is accessible on multiple browsers, though some users said that its offline mode capabilities are limited. Most of the users who reviewed data integrations said that the tool handles large amounts of data seamlessly, though quite a few users said its compatibility with live connection data sources is limited to other SAP products. Reviewing functionality, a majority of users said that the tool is versatile and scalable to ensure a great end-to-end user experience, though some said that it needs more features, such as improved live data analytics.

The solution does have its limitations, though. Around 85% of users who reviewed its performance said that it struggles at the enterprise level, though quite a few users said that it performs exceedingly well within the SAP ecosystem. A majority of the users who mentioned reporting said that the solution lacks automatic report distribution and broadcasting capabilities, though some said that it has excellent analytical and data-oriented report creation. Many users who discussed data management complained that the process for updating an existing data model needs a lot of rework, and that the solution needs more versatile modeling features.

Overall, SAP Analytics Cloud is a planning tool with strong BI capabilities that brings the power of cloud computing to self-service data analysis for gaining actionable insights into business metrics.

User reviews from the past year suggest that Kepion is a strong contender in the EPM software arena, particularly praised for its robust budgeting and forecasting functionalities. Users highlight its intuitive interface as a major strength, making it easier to adopt than more complex platforms like Oracle Hyperion. However, some users have pointed out that Kepion's reporting capabilities, while functional, could benefit from more customization options. A key differentiator is its seamless integration with Microsoft products, a major plus for organizations heavily reliant on the Microsoft ecosystem. This native integration streamlines data flow and enhances user experience, making it a more attractive choice than standalone solutions.

Overall, Kepion seems best suited for mid-sized businesses looking for a user-friendly yet powerful EPM solution tightly integrated with Microsoft technologies. Its robust planning features and intuitive design make it a good fit for companies aiming to streamline their budgeting and forecasting processes without a steep learning curve. However, organizations requiring highly customized reporting might need to consider other options or factor in potential development costs.