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10 Best Enterprise Performance Management (EPM) Software Vendors Of 2022

The Best Enterprise Performance Management Software List

Here’s a shortlist of the best enterprise performance management software I’ll review in this article:

  1. Workday Adaptive Planning

    Best versioning and scenario analysis

  2. Oracle EPM Cloud

    Best for financial close solutions

  3. OneStream XF

    Best EPM software for manufacturing operations

  4. EPM Live

    Best for Microsoft SharePoint integration

  5. ARES PRISM

    Best EPM software for executives

  6. Jedox

    Best for AI-supported planning and forecasting

  7. Infor d/EPM

    Best user-friendly modeling tool

  8. Planview Enterprise One

    Best for enterprise project portfolio management

  9. Axiom Software

    Best EPM software for finance teams

  10. Anaplan

    Best EPM software for supply and demand planning

Are your strategic business processes grounded in accurate and timely enterprise performance data? How can you ensure your organization is maximizing data to support high-level decision-making? Enterprise performance management (EPM) software is crucial for high-level business process management (BPM). If you’re not using any EPM software yet, you may want to consider using it across your organization.

EPM software addresses high-level processes such as financial forecasting and e-commerce reporting. Many also offer insights into supply chain effectiveness, strategy creation and implementation.

In this article, I’ll outline several trustworthy EPM software solutions for enterprise-level clients. This list represents the best EPM tools on the market, so let’s take a closer look at them to understand what they do.

Enterprise Performance Management Software Comparison Criteria

Wondering what features I’m looking for when selecting the best EPM software for this list? Here’s a summary of my evaluation criteria: 

  1. User Interface (UI): The best EPM tools have broad features that organize busy, complex data well. The user interface should be tidy, readable at a glance, and provide drilled-down details with minimal clicks and menuing. Bonus points for maintaining a crisp, colorful, modern UI.
  2. Usability: Training staff on an EPM system is a huge undertaking so usability scorecards focus on the availability of detail-oriented training solutions, real-time customer support features, predictive help documentation (webinars, FAQ, forum, tutorial videos), and ongoing educational initiatives (particularly as software updates come and go). 
  3. Integrations: EPM deals a lot with financial planning and analysis, plus financial reporting, so the software should be able to connect with other commonly used financial applications such as Salesforce, QuickBooks, Microsoft Excel, and CRM data sources.
  4. Value for $: Dealing with an enterprise and its stakeholders means you’ll need a robust, easily-scalable, and fairly priced tool. Is the EPM pricing structure easily adaptable to the needs of your growing and changing enterprise?

EPM Software: Key Features

  1. Robust budgeting and forecasting 
  2. Sound data visualization
  3. Advanced key performance indicator (KPI) monitoring
  4. Financial consolidation and closing capabilities
  5. Participatory and collaborative modeling
  6. Supply chain effectiveness reports
  7. Human Capital Management (HCM) reports

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Overviews Of The 10 Best EPM Software

Here’s a brief description of each of the EPM solutions on my list. I’ve explained what each system does best, and included screenshots to showcase some of the key features.

1

Workday Adaptive Planning

Best versioning and scenario analysis

Workday Adaptive Planning is a smart enterprise planning solution used by the likes of Airbnb, Airbus, HubSpot, Goodwill, and Microsoft. Gartner 2020 positioned them as a Magic Quadrant Leader in Cloud FP&A (financial planning and analysis). Users are empowered to evaluate multiple scenarios across large data sets; plus, they can collaborate from anywhere—by web, mobile, and Excel. Department managers will benefit from dynamic headcount and skills-based planning solutions.

Workday Adaptive Planning costs from $800/user/year and offers a free 30-day trial.

30 days free trial

From $800/user/year

Pros

  • Easy to create and share various reports
  • Flexible dimensions, attributes, and timeframes for planning
  • Excellent scenario analysis and change comparison tools
  • Formulae creation is accessible and intuitive

Cons

  • There aren’t any web reports within the dashboards
  • No corporate consolidation (multiple organizations/HQ partners in one group)
  • way to preserve previous forecasts if actuals are restated/adjusted
2

Oracle EPM Cloud

Best for financial close solutions

Oracle EPM Cloud helps you model and plan all aspects of corporate human resources, finance targets, sales departments, and your supply chain. They are recognized as a leader in cloud financial close solutions thanks in part to their built-in global reporting requirement standards, automatic cash flow, and balance sheet calculations, and intelligent process automation (IPA). Oracle offers smart insights and personalized recommendations using their comprehensive AI.

Oracle Cloud EPM costs from $500/user/month and offers a free 30-day trial.

30 days free trial

From $500/user/month

Pros

  • Automating of XBRL (a.k.a. bar codes for reporting) tagging and taxonomies
  • Easily automate reconciliation processes
  • Offers best practice configuration built right in
  • Good automated cash flow reporting and multi GAAP (generally accepted accounting principles) reporting

Cons

  • Lacks some robust process automation (RPA)
  • Smartview interface is a bit cumbersome
  • Highest functionality requires additional Oracle Fusion apps such as Hyperion
3

OneStream XF

Best EPM software for manufacturing operations

OneStream XF is a modern, comprehensive platform for corporate performance management that works to boost agility of enterprise planning, budgeting, and forecasting processes. Manufacturing operations will appreciate their drill-down planning and analysis by product lines, brands, functions, geographies, plant sites, and customers. They also have over 50 additional apps accessible in their marketplace, further extending the value of their service.

OneStream has customized pricing upon request.

Customized pricing upon request

Pros

  • Highly flexible, adaptable performance solution
  • Expansive marketplace for additional apps
  • Easy, thorough integration with underlying data sources
  • End user training can be embedded right into the application

Cons

  • Configuration of certain items seems to require excessive menuing
  • Dashboard comes across as a bit busy
  • Their standard documentation could be more detailed
4

EPM Live

Best for Microsoft SharePoint integration

IgniteTech’s EPM Live is a Microsoft SharePoint integrated enterprise work management solution designed to enhance your ability to track and manage all projects and associated costs. EPM Live users can hone in on specific EPM processes, or access other IgniteTech modules which are also included in their EPM Live subscription. You can also access all Ignite products under an Ignite Unlimited plan, which cover six key areas: customer experience management, digital engagement, sales and marketing enablement, functional process automation, information technology acceleration, and communications & remote engagement.

EPM Live costs from $6/user/month and offers a free 30-day trial. Enterprise plan pricing is available upon request.

30 days free trial

From $6/user/month

Pros

  • Comes with 70 ready-to-use functional extension modules
  • Built-in social collaboration tools assist team performance
  • Fantastic cost and resource management features
  • Easy, native integration with any Microsoft program

Cons

  • Minimum pricing plan is not suitable for large enterprises
  • Excessive clicks required for small things like closing a project or service request
  • Requires MS SharePoint software at an additional cost
5

ARES PRISM

Best EPM software for executives

ARES PRISM includes a whole suite of enterprise-oriented tools for budgeting, resource planning, performance measurement, funds allocation, earned value management, time-phasing, cost and schedule analysis, risk tracking, and forecasting. Executives and CFOs will benefit from their forward-facing and outward-facing data gathering and analytics systems, which are designed to speak coherently to both internal decision-makers and external stakeholders.

ARES PRISM has enterprise pricing upon request and offers a free demo.

Enterprise pricing upon request and offers a free demo

Pros

  • Features comprehensive project controls capabilitiesy
  • Adaptability to various WBS (work breakdown structure) strings
  • Handles change implementation welly
  • User-friendly, flexible data import and export functionality

Cons

  • Standardized reports can be a bit tricky to deeply customize
  • Outdated-looking graphical interface
  • No way to incur AI and automation as a trend in a new market
6

Jedox

Best for AI-supported planning and forecasting

Jedox’s EPM solution helps companies accelerate their planning, forecasting and reporting. Their system incorporates AI (artificial intelligence) and machine learning to help finance teams create better forecasting models. As well, Jedox makes it possible to automate key portions of financial and operational planning processes. It’s designed to act as a single source of common data so company executives across finance, sales, human resources and supply chain departments can collaborate effectively and take advantage of the system’s smart, predictive technologies to drive business transformations.

Jedox has enterprise pricing available upon request. They also offer a free demo and a 14-day free trial.

14 days free trial

Enterprise pricing upon request and offers a free demo

Pros

  • Ability to automate recurring processes and reports to save time
  • You can connect Excel files to their database natively
  • Simple, self-service integrations with many applications available through their marketplace
  • Full-feature mobile app

Cons

  • Pricing structure is not transparent and only available upon request
  • Predictive analyses may load slowly since all data is stored in memory
  • The help documentation for users is convoluted and hard to navigate without advanced knowledge
7

Infor d/EPM

Best user-friendly modeling tool

Infor Dynamic Enterprise Performance Management (Infor d/EPM) merges intelligent business tools and financial planning capabilities to help you assess current and potential activities. Their user-friendly modeling tool empowers managers to create, test, and deploy scenarios with machine learning insights, recommendations, and predictive analytics. You’ll find yourself able to easily manage work-in-progress delivery costs, timelines, and project execution.

Infor d/EPM has enterprise pricing upon request and offers a free demo.

Enterprise pricing upon request and offers a free demo

Pros

  • Unifies planning P&L, balance sheet, and cash flow
  • Powerful and user-friendly modeling tool
  • Compelling AI-based predictive analytics
  • Unlimited versioning for what-if scenario planning

Cons

  • UI often incorporates too much text on each screen
  • Reports need some manual intervention for them to look presentation-worthy
  • Time-consuming initial implementation and set-up
8

Planview Enterprise One

Best for enterprise project portfolio management

Planview Enterprise One is a comprehensive enterprise project portfolio management (PPM) system with a sleek, modern take on reporting and analytics modules that make visualizations endlessly accessible and digestible. Tap into their solutions for strategic planning, program management, road mapping, investment prioritization, and financial planning. Planview’s PPM-oriented strengths include excellent stakeholder engagement features and trade-off analysis for shifting priority navigation.

Planview costs from $20/user/month and offers a free 30-day trial.

30 days free trial

From $20/user/month

Pros

  • KPI analytics tiles are clear and customizable
  • Very affordable per-user/per-month cost
  • Easy to configure data entry screens with drop-down lists and unique fields
  • Strong investment and capacity planning capabilities

Cons

  • Forecasting for teams vs resources features are a work in progress
  • Timesheets would benefit from more user-friendliness
  • Can’t chart resource availability based off of the project scope dates
9

Axiom Software

Best EPM software for finance teams

Axiom Software by Syntellis (formerly Axiom EPM) is a sophisticated, flexible enterprise performance management solution used by companies to model scenarios, analyze financial results, and optimize organizational decision-making. Their software supports strategic planning, budgeting, and forecasting, reporting and analytics, profitability, and cost management for complex data estates. Their cost management module boasts clear, evidence-based costing algorithms as well as profitability trends across business lines.

Their EPM system is well-suited for financial institutions, higher education, and complex healthcare organizations. They are currently used by companies like Atrium Health, Trinity Health, BankUnited, Byline Bank, and several US universities and colleges.

Axiom EPM has enterprise pricing upon request and offers a free demo.

Free demo

Enterprise pricing upon request

Pros

  • Easy to set-up and adjust user security for data access
  • Myriad customization and possibilities for reporting templates
  • Premium consulting package includes unique reports for any data set
  • Spreadsheet-style database is intuitive for anyone who has used Excel or Sheets

Cons

  • Can be challenging to drill-down to a single or specific charge
  • Uses paid FTE (full time equivalent) metrics for reports rather than productive FTEs
  • Interface is not as engaging and modern as some competitors
10

Anaplan

Best EPM software for supply and demand planning

Anaplan is a EPM software designed to mobilize complex scenario planning in order to empower agile decision-making. They easily develop an accurate supply forecast across your entire network with the flexibility to pivot focus as needed in an ever-changing marketplace. Their intelligent, advanced reporting features predictive warning of stock-out inventory shortages, excess inventory, and wasted capital to better streamline your inventory flow.

Anaplan has enterprise pricing upon request and offers a free demo.

Enterprise pricing upon request and offers a free demo

Pros

  • Easily link multiple planning streams to one centralized location
  • Features a robust calculation engine with near-instant results
  • Handles large data sets well and can manage low granularity of data
  • Easy scenario/what-if analysis and forecast adjustments

Cons

  • Integration with other third-party platforms could be expanded
  • Dashboards could be more customizable/expansive
  • No formula syntax helper built in at this time

Need Expert Help Selecting The Right Performance & Appraisal Software?

People Managing People has joined forces with the software comparison platform Crozdesk.com to assist you in finding the best tool for your needs. Crozdesk’s Performance & Appraisal Software advisors can create a personalized shortlist of software solutions with unbiased recommendations to help you identify the solutions that best suit your business’s needs. Through our partnership you get free access to their bespoke software selection advice, removing both time and hassle from the research process.

It only takes a minute to submit your requirements and they will give you a quick call at no cost or commitment. Based on your needs you’ll receive customized software shortlists listing the best-fitting solutions from their team of software advisors (via phone or email). They can even connect you with your selected vendor choices along with community negotiated discounts. To get started, please complete the form below:

Best EPM Software Summary

Tool Free Option Price
1
Workday Adaptive Planning

Best versioning and scenario analysis

30 days free trial

From $800/user/year Visit Website
2
Oracle EPM Cloud

Best for financial close solutions

30 days free trial

From $500/user/month Visit Website
3
OneStream XF

Best EPM software for manufacturing operations

Not available

Customized pricing upon request Visit Website
4
EPM Live

Best for Microsoft SharePoint integration

30 days free trial

From $6/user/month Visit Website
5
ARES PRISM

Best EPM software for executives

Not available

Enterprise pricing upon request and offers a free demo Visit Website
6
Jedox

Best for AI-supported planning and forecasting

14 days free trial

Enterprise pricing upon request and offers a free demo Visit Website
7
Infor d/EPM

Best user-friendly modeling tool

Not available

Enterprise pricing upon request and offers a free demo Visit Website
8
Planview Enterprise One

Best for enterprise project portfolio management

30 days free trial

From $20/user/month Visit Website
9
Axiom Software

Best EPM software for finance teams

Free demo

Enterprise pricing upon request Visit Website
10
Anaplan

Best EPM software for supply and demand planning

Not available

Enterprise pricing upon request and offers a free demo Visit Website

Other Enterprise Performance Management Software

Here are a few more EPM solutions that didn’t make the top list:

  1. Vena Solutions

    Best for automating administrative tasks

  2. IBM Planning Analytics

    Best for change management planning

  3. Epicor

    Best EPM software for retail analytics

  4. Insight Software

    Best for first-party feature scalability

  5. SAP

    Best for first-party feature scalability

  6. Planful

    Best for rolling forecasts

What Is Enterprise Performance Management Software?

Enterprise performance management (EPM) software is an on-premise or cloud-hosted digital tool designed to collect and manage metrics related to financial performance and business planning processes. 

Enterprise applications for performance management will often cover budgeting, forecasting, and profitability planning solutions. The core functionality of EPM software is to help you analyze, understand, and report on your enterprise workflow methodologies.

What Is The Difference Between ERP And EPM Software?

Simply put, enterprise resource planning (ERP) software addresses operational processes within a corporation. ERP systems focus primarily on transactional data, and are more likely to address:

  • A/R (accounts receivable)
  • A/P (accounts payable)
  • budgetary management
  • cash management
  • financial reporting (actual vs. budget variance)
  • income statements

In contrast, EPM software aims to streamline business management processes within a corporation. EPM systems focus primarily on managerial data, and are more likely to address:

  • analytics and modeling of “what if” scenarios
  • advanced managerial insight into business performance
  • complex budget maintenance
  • complex enterprise planning
  • decision-making based on financial and operational results
  • in-depth analysis of detailed operational plans

Since EPM and ERP solutions do have a lot in common, much of the software on this list touches a bit on both. However, the best EPM systems remained the strongest focus.

Which EPM Software Have You Used?

Time for the audience to weigh in. Are you currently using any corporate performance management (CPM) tools that you want to boast about? What’s your best business performance management tip? Is there a SaaS financial planning tool that you would add to this list if you could? Sound off in the comments.

Other Resources

Are you looking for software to help you track more granular, transactional data? If so, I recommend you take a look at our list of the best ERP systems too.

If you’re interested in ERP systems, but on a tight budget, we’ve got you covered there too. Take a look at our list of the best ERP systems for small businesses on a budget.

I also recommend you sign up for our People Managing People newsletter to receive updates on our latest articles and podcasts with HR leadership experts from around the world.

And last but not least, you’re welcome to get involved with our community here to share tool recommendations and best practices with other HR professionals too.

Need expert help finding the right Budgeting & Tracking software?

We’ve partnered with the software comparison portal Crozdesk.com to help you find the right solution. Crozdesk’s Budgeting & Tracking software advisors can give you independent advice and shortlist software products that best fit your specific needs. Our partnership gives you free access to their tailored software selection advice and community negotiated discounts, taking the hassle out of the research process.

It takes just a minute to submit your requirements and they will give you a call at no cost or commitment. You’ll get custom product shortlists covering the top solutions that best fit your specific needs from their team of software experts (via phone or email) and they can even connect you to your choice of the selected vendors. To get started, please submit the form below:

Related Read: Essential Performance Review Phrases And Best Practices

By Tim Reitsma

Tim is the co-founder and General Manager of People Managing People, an online publication focused on building a better world of work. He is experienced with people & culture, leadership, business strategy and operations with a focus on building great teams who are excited about their craft and their organization. With over 15 years of leadership experience, Tim has always been guided by his core values: faith, family, curiosity, and fun. He is a coach, mentor, speaker, advisor, and an active volunteer in his community. Tim loves spending time outdoors with his wife and two kids as well as mountain biking in the north shore mountains.

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