Corporate Performance Management (CPM) is a business process that adopts an integrated approach toward business planning and forecasting across areas like finance, marketing, HR, and operations. The mechanism interlinks the strategies of an organization with its plans and ensures appropriate execution. This helps organizations to achieve smoother and faster success.
CPM commonly includes the following business processes:a. Defining business models and setting business goals.b. Planning, forecasting, and budgeting.c. Consolidating financial results and ensuring timely accounting.d. Reporting financial results to stakeholders.e. Analyzing business performance.