Enterprise performance management

Enterprise performance management (EPM), also called corporate performance management (CPM), is defined by Gartner as “the process of monitoring performance across the enterprise with the goal of improving business performance.” 

An enterprise performance management system is a software platform that enables organizations to perform EPM at scale. It integrates and analyzes data from multiple sources, including: 

• ERPs and CRMs 
• E-commerce systems 
• Front- and back-office applications 
• Data warehouses and business intelligence systems 
• External data sources 

EPM systems manage key financial and operational processes, including: 

• Budgeting, planning, and forecasting
• Supply chain and integrated business planning
• Financial close and consolidation
  
• Management, regulatory, and statutory reporting
• Disclosure management
  
• ESG and sustainability performance management
• Tax provisioning and reporting
• Performance analytics and dashboards

By centralizing data, EPM systems ensure data accuracy, consistency, and a single source of truth. They also support collaboration, allowing teams to work on documents simultaneously, submit approvals, and provide managers with real-time visibility into progress. 

ERP (enterprise resource planning) systems focus on transactional and operational processes, such as accounting, procurement, HR, payroll, and inventory.  

EPM systems, on the other hand, are analytical, measurement, and decision-oriented. They focus on planning, forecasting, performance reporting, and strategic analysis. Many organizations use ERP systems to collect and process transactional data, while EPM systems transform that data into actionable insights for better decision-making, scenario planning, and performance management. 

There is no difference. Corporate performance management (CPM) and enterprise performance management (EPM) are interchangeable terms. Both describe the processes and systems used to monitor, analyze, and improve enterprise-wide performance.

CCH Tagetik is a leading EPM/CPM platform that integrates AI, predictive analytics, and workflow automation to facilitate all EPM processes: 

• Budgeting, planning, and forecasting 
• Supply chain and integrated business planning 
• Financial close and consolidation 
• Management, regulatory, and statutory reporting 
• Disclosure management 
• ESG and sustainability performance management 
• Tax provisioning and reporting 
• Performance analysis and dashboards 

Powered by agentic AI and machine learning, CCH Tagetik helps finance teams turn vast volumes of enterprise data into intelligent plans, reports, and insights, develop forward-looking strategy, and make confident decisions.