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This article will help you navigate budgeting and planning with corporate performance management solutions.

Man in suit looking at analytics for his budget and planning project

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If you are reading this article, you may either be researching a vendor for a budgeting tool or have inherited a corporate performance management (CPM) software from your accounting department. No matter what situation you are in, I have encouraging words for you: The right CPM solution will save time and money. A key benefit of a CPM software is the ability to automate your processes. First, you will need to figure out how to improve your organization’s budget planning process.

Clean the Data

You may have had a similar process before adopting a CPM tool, but having a budgeting and business planning processes is critical. A CPM solution gives your company the exact data to make informed decisions. The data must be communicated in a timely manner. This allows companies to make decisions in response to actual accounting data compared with anticipated results during the budgeting period. This data must be clear for the decision makers. This can be ensured with the use of dashboards and a data warehouse.


One of our prior articles, Corporate Performance Management in the Future: How to Upgrade Reporting, Budgeting, Dashboards, and Data Warehouse Processes, discusses how executives put CPM platform projects as a high priority because they know that a well-planned and executed CPM implementation functions like an “exoskeleton for the business, surrounding every decision-maker with supportive technology to help them make smart and speedy decisions.” However, a well-versed CPM user knows that reports and forecasts are only as good as the data that drives them.


Companies will be leaders in their industries because they have successfully implemented a powerful CPM platform that enables their employees to make smart decisions. These companies have already started cleaning up their data. It can take years, which defines how successful their CPM solution will be because many companies have “dirty data” everywhere. This is mainly caused by the errors that inevitably come with manual data entry and gathering data from multiple sources.

Don’t Judge a Book by the Cover

Save time and money by automating manual processes. In this digital world, it’s surprising that companies still enter in their data manually.  Did you know that CPM software companies offer more than simple planning and reporting? The nature of CPM is constant evolving. For instance, planning has always been linked to annual budgeting. Instead of preparing only an annual budget, organizations are beginning to plan more frequently by developing monthly rolling forecasts. In other words, many organizations want to plan at a more detailed level than just the general ledger.

Therefore, when planning becomes more detailed, CPM functions as an operational analytical application. Companies use this as a foundation for planning at a higher and detailed level for budgeting and forecasting. In conclusion, a CPM tool facilitates a smooth, more efficient budgeting process across your entire organization. Learn how a cloud CPM solution like BI360 can help your business improve your organization’s internal processes here.

Do the Research

Feel free to look at software reviews and even compare corporate performance management tools on G2 Crowd to see which product is the best corporate performance management software for you and your company. CPM helps your business align financial and operational data to drive performance and better foster the health of your company. CPM helps with executing your organizational strategies. Keep in mind that strategies, goals, analysis and planning are a part of the CPM process. Selecting the best CPM software solution is a process that requires a great deal of research. If you are struggling to find a CPM tool that fills in all of the blanks, Solver has a team of professionals that can get your company started.


Solver enables world-class decisions with BI360, a leading web-based CPM suite made up of budgeting, reporting, dashboards, and data warehousing, delivered through a web portal. Solver is reinventing CPM with its next generation solution. BI360 empowers business users with modern features including innovative use of Excel in the model design process. If you’re interested in learning more, our team is excited to hear about your organizational needs and goals.

LOS ANGELES, CA. — June 18, 2019 — Solver, the global leader in cloud and web-based Corporate Performance Management (CPM) software for mid-market ERP systems, today announced that the company has undergone a Service Organization Control (SOC) 2SM examination resulting in a CPA’s  report stating that management of Solver maintained effective controls over the security, availability, and confidentiality of its BI360 system. The engagement was performed by BARR Advisory, P.A.

A SOC 2 SM report is designed to meet the needs of existing or potential customers  who need assurance about  the effectiveness of controls at a service organization that are relevant to  the security, availability, or processing integrity of the system used by the service organization to process customers’  information, or the confidentiality or privacy of that information.

“We are pleased that our SOC 2SM report has shown that we have the appropriate controls in place to mitigate risks related to security, availability, and confidentiality and HIPAA Security Rule Requirements,” says Hadrian Knotz, Solver’s Chief Information and Compliance Officer. “Many of our customers are contemplating a cloud solution for the first time, and completing the SOC 2 report helps to give them peace of mind as they migrate critical business processes to cloud.  This external examination, coupled with the focus on the HIPAA Security rule, shows Solver’s ongoing commitment to our customers’ data security and privacy.”

The following principles and related criteria have been developed by the American Institute of CPAs (AICPA) and the Canadian Institute of Chartered Accountants (CICA) for use by practitioners in the performance of trust services engagements:

  • Security. The system is protected against unauthorized access (both physical and logical).
  • Availability. The system is available for operation and use as committed or agreed.
  • Confidentiality. Information designated as confidential is protected as committed or agreed.
  • HIPAA Security Rule Requirements. The BI360 system and applicable controls are compliant with the applicable HIPAA Security Rule requirements set forth in the U.S. Department of Health and Human Services’ (HHS) Health Information Portability and Accountability Act

A SOC 2SM report is an internal control report on the services provided by a service organization to its customers and provides valuable information that existing and potential customers of the service organization need to assess and address the risks associated with an outsourced service.

Current and prospective customers interested in a copy of our SOC 2SM report may contact Solver’s legal department at

About Solver

With a quickly growing community of more than 2,700 global customers and hundreds of partners worldwide, Solver provides BI360, the leading cloud Corporate Performance Management suite for Microsoft Dynamics, Acumatica, SAP Business One, SAP ByDesign, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, NetSuite and other ERPs. BI360 is ranked in the leader quadrant in the Corporate Performance Management (CPM) Software Grid on G2 Crowd, and as a Microsoft Gold ISV Partner, Solver has won countless awards, including the Microsoft BI Partner of Year Award, recognition on the Gartner Group CPM Magic Quadrant, and Best Places to Work for a workplace culture that celebrates customer service, integrity, and innovation. BI360 is sold through its 12 global offices and a worldwide network of partners. For any questions, visit or contact Solver at

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