| Corporate performance management is applied in | | | | The selection of a CPM vendor depends on certain |
| banking services, financial services, education, defense, | | | | factors such as software budget, target server |
| government, hospital, entertainment, small or large | | | | platform, the number of users and business |
| businesses and pharmaceuticals. Corporate | | | | requirements. The different kinds of corporate |
| performance management costs include real time | | | | performance management vendors are CPM tools, |
| departmental expense, cost involved in data analysis | | | | CPM application and ERP vendors. CPM tools include |
| from data warehouse systems, transactional details, | | | | online analytical processing, report and query. CPM |
| planning, budgeting, consolidation and ratio analysis. | | | | applications include analytics, budgeting, consolidation |
| Different types of software are used for managing | | | | and metrics. Some of the companies offer integrated |
| corporate performance. The cost of CPM software is | | | | software which includes CPM tools and applications. |
| based on the size of the company, license cost, data | | | | CPM software cost ranges from $250,000 to |
| integration, data warehouse, OLAP independence, | | | | $350,000. |
| analytic applications and performance management. | | | | CPM tool software includes products designed to |
| Corporate performance management costs also | | | | synchronize data across multiple databases. Features |
| include software license cost, direct cost and indirect | | | | include metrics, dashboards, global support and |
| cost. There may be additional cost such as hardware | | | | reference base. Actuate, Business Objects |
| costs. The specifications should be thought out before | | | | MicroStrategy and Microsoft are popular CPM tool |
| the purchase of software. The implementation cost | | | | vendors. These have the ETL capability which means |
| may be greater than the software license cost. | | | | extract, transform and load data. CPM application |
| Maintenance costs are usually charged on the list price. | | | | software features include activity-based costing, |
| The cost of upgrading should also be confirmed. If | | | | pre-built mapping tables, budgeting, web-based |
| remote access is used there may be a chance of | | | | scorecarding, predictive analysis and consolidation |
| incurring additional cost. Hiring additional resources will | | | | features. |
| also raise the internal cost. | | | | |