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Financial Corporate Performance Management (FCPM) Software Market: Introduction

  • Financial corporate performance management (FCPM) software provides the organization's metrics, systems, and processes used to manage and monitor the business performance of an enterprise.
  • FCPM software is also known as corporate performance management (CPM) software. The FCPM software connects planning, close, budgeting, reporting, consolidation, and disclosure to a single data source. It enables users to complete tasks in one software system, as different from several separate systems.
  • FCPM software combines information, formats it to meet compliance requirements, and delivers automated tools that allow the finance department to generate regulatory reports and disclosures. In addition to workflow tools and a central data repository, the FCPM software has features to manage, create, validate, report, and publish financial statements.
  • FCPM is a tool in the field of business intelligence involved with monitoring and managing an organization's performance, according to key performance pointers such as overhead, return on investment (ROI), revenue, and operational costs. The FCPM software comprises forecasting, budgeting, and planning functions, as well as scorecards and graphical dashboards to deliver and display corporate information.
financial corporate performance management (fcpm) software market size and forecast

Financial Corporate Performance Management (FCPM) Software Market: Dynamics

Financial Corporate Performance Management (FCPM) Software Market: Key Drivers

  • Financial corporate performance management (FCPM) software helps organizations to become more responsive when faced with unanticipated business. The software provides real-time data, KPI dashboards and responsive plans to finance executives and CFOs so that they can make precise decisions for the organization.
  • FCPM software provides automated features such as rolling forecasts, what-if scenario analysis, and scenario modeling. Using this software combined with a single version of automated data, employees can better evaluate performance, make informed decisions, and respond to change.
  • The FCPM software saves significant time for users by providing automatic data entry and data collection. Instead, the user can focus his time on value-adding activities such as reducing costs, analyzing probability, and developing strategy. 
  • The FCPM software is an essential part of the transformation for organizations. The software enables finance teams to demonstrate their value and gain support and trust in leadership. The organization is likely to implement essential changes to keep up with the modern scenario with the strategic usage of financial corporate performance management software.
financial corporate performance management (fcpm) software market growth trend

Impact of COVID-19 on Financial Corporate Performance Management (FCPM) Software Market

  • Most companies are adopting the work-from-home module during the pandemic period. Companies are decreasing their investment in new technologies and services to manage their profitability. Most small businesses closed their business process due to lack of funds to sustain in the market. Some companies have withheld all investments in advanced business solutions and tools due to the low return on investment. Thus, demand for financial corporate performance management (FCPM) software is decreasing during the COVID-19 lockdown situation.  

North America to Hold Major Share of Global Financial Corporate Performance Management (FCPM) Software Market

  • In terms of region, the global financial corporate performance management (FCPM) software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America dominated the global financial corporate performance management (FCPM) software market in 2020. The U.S. is a key market in the adoption of new technologies. Strong financial position enables the country to invest heavily in the adoption of leading tools and technologies to ensure efficient business operations.
financial corporate performance management (fcpm) software market size by competition landscape

Key Players Operating in Global Financial Corporate Performance Management (FCPM) Software Market

  • SAP SE

SE is a global technology company that provides enterprise application software for industries and companies across diverse sectors. The company offers solutions for various businesses, including commerce, finance, asset management, manufacturing, human resources, supply chain, and procurement. The company offers analytic solutions such as agile visualization, and business intelligence for information and data needs.

  • International Business Machines Corporation

IBM Corporation is a leading technology company that produces software and hardware solutions. It is a prominent research company in the U.S. patent market with significant number of patents. The company offers a wide range of services that include analytics, cloud, Watson, customer engagement, Internet of Things, industry solutions, IT infrastructure, mobile, and security. IBM cloud services include cloud managed services, cloud advisory services, and cloud migration services

Other key players operating in the global financial corporate performance management (FCPM) software market include Oracle Corporation, Amazon.com, Inc., Visyond Ventures, Ltd., Microsoft Corp, Cubus AG, LucaNet UK, Axiom EPM, MuleSoft, LLC, Vena solutions, Qlik Technology, and Axway.

Financial Corporate Performance Management (FCPM) Software Market: Research Scope

Financial Corporate Performance Management (FCPM) Software Market, by Component

  • Software
  • Services
    • Professional Services
      • Consulting
      • Support & Maintenance
    • Managed Services

Financial Corporate Performance Management (FCPM) Software Market, by Deployment

  • Cloud
  • On Premises

Financial Corporate Performance Management (FCPM) Software Market, by Enterprise

  • Large Enterprises
  • SMEs

Financial Corporate Performance Management (FCPM) Software Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Financial Corporate Performance Management Fcpm Software Market