The CPM Field of Dreams
Prophix
Sep 8, 2017, 7:21:00 AM
“Build it, and they will come”...That worked in a movie once.
Buying a CPM system is awesome. Spending time building super cool looking reports and budget templates is helpful. None of this will drive your stakeholders to use the fancy new CPM software.
Let's redefine the goal:
How do we add value to the budgeting and reporting processes in place today.
Value is defined in broad terms- giving back time to stakeholders, improving the decision-making the usefulness of available data; automating the rote processes inherent in the processes; increasing the ability to use statistically relevant variables to
forecast the future - and plenty more.
Even if we build all these value-add items will my team use the CPM software?
The reality is maybe.
What’s in it for me will drive adoption. Will the CPM system easily allow business users to create an analysis that will influence decisions? Is the data accurate as presented? Can changes be made efficiently to support both? Is there a strong champion to be the SME and experiment with data and the
CPM software to build out reports stakeholders can understand easily and incorporate into their business life?
YES to all of the above will support organizational change and adoption of data-driven decision making.
What’s Next? Your Field of Dreams!
Prophix
Ambitious finance leaders use Prophix to drive progress. By improving the speed and accuracy of decision making, Prophix’s Financial Performance Platform elevates the talents of finance teams to do their best work. Crush complexity, reduce uncertainty, and illuminate insights with access to best-in-class AI insights and planning, budgeting, forecasting, reporting, and consolidation functionalities. Prophix is a private company, backed by Hg Capital, a leading investor in software and services businesses. More than 2,500 active customers across the globe rely on Prophix to achieve organizational success.
