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10 Best Enterprise Performance Management (EPM) Software Vendors Of 2023

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. Anaplan

    Best EPM software for supply and demand planning

  2. Vena

    Best for automating administrative tasks

  3. Jedox

    Best for AI-supported planning and forecasting

  4. Workday Adaptive Planning

    Best versioning and scenario analysis

  5. OneStream XF

    Best EPM software for manufacturing operations

  6. Epicor ERP

    Best EPM software for retail analytics

  7. Planview Enterprise One

    Best for enterprise project portfolio management

  8. Axiom Software

    Best EPM software for finance teams

  9. Infor d/EPM

    Best user-friendly modeling tool

  10. Oracle EPM Cloud

    Best for financial close solutions

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

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.

Free demo available

Price upon request

2

Vena

Best for automating administrative tasks

Vena Solutions is an enterprise performance management software with a sales performance management feature to help you in quota planning, territory management, and incentive compensation management. It has workforce planning capabilities to help you ensure that you have enough human resources to meet goals. Vena Solutions has capital expense and revenue planning capabilities to give you insights into your company’s profitability.

Administrative tasks can be time-consuming, and you can save time by automating them with the help of Vena Solutions. You can use Vena Solutions to create and automate workflows for simple and repetitive admin tasks. Vena Solutions automatically sends reminders to team members, alerting them when tasks are due to help avoid missing deadlines or delaying projects.

Vena Solutions pricing and demo are available upon request.

Pros

  • Has a wide variety of financial templates
  • Offers centralized version control
  • Has integrated Excel

Cons

  • Limited training support
  • Not available for Mac users

7-day free trial

Pricing upon request

3

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-day free trial + free demo

Pricing upon request

4

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 Workforce Planning offers customized pricing on request and offers a free trial which you can request here.

Free trial + free demo available

Pricing upon request

5

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.

Price upon request

6

Epicor ERP

Best EPM software for retail analytics

Epicor ERP business intelligence and analytics boasts real-time, in-context data made accessible to customers, vendors, and inventory managers. Their fully integrated retail management system comes with built-in best practices, data-driven customer loyalty guidance, competitor price comparisons, and other performance solutions. Be sure to take advantage of their robust employee scheduling features and document management tools.

Epicor costs from $175/user/month and offers a free demo.

Pros

  • Good supply chain management (SCM) functions
  • Highly customizable with a new REST API implemented in 2019
  • Good quality dashboard and reports capabilities
  • Top-notch database search feature (called Enterprise Search)

Cons

  • Additional integration with financial and HR applications welcomed
  • Somewhat cumbersome to implement and upgrade
  • The order release process is not as user-friendly as it could be

Free demo available

From $175/user/month

7

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.

Pricing details for Planview are available upon request. They also offer a free 30-day trial.

30-day free trial

Pricing upon request

8

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 available

Price upon request

9

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.

Free demo available

Pricing upon request

10

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 $1000/month

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
Anaplan

Best EPM software for supply and demand planning

Free demo available

Price upon request Visit Website
2
Vena

Best for automating administrative tasks

7-day free trial

Pricing upon request Visit Website
3
Jedox

Best for AI-supported planning and forecasting

14-day free trial + free demo

Pricing upon request Visit Website
4
Workday Adaptive Planning

Best versioning and scenario analysis

Free trial + free demo available

Pricing upon request Visit Website
5
OneStream XF

Best EPM software for manufacturing operations

Not available

Price upon request Visit Website
6
Epicor ERP

Best EPM software for retail analytics

Free demo available

From $175/user/month Visit Website
7
Planview Enterprise One

Best for enterprise project portfolio management

30-day free trial

Pricing upon request Visit Website
8
Axiom Software

Best EPM software for finance teams

Free demo available

Price upon request Visit Website
9
Infor d/EPM

Best user-friendly modeling tool

Free demo available

Pricing upon request Visit Website
10
Oracle EPM Cloud

Best for financial close solutions

30 days free trial

From $1000/month Visit Website

Other Enterprise Performance Management Software

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

  1. EPM Live

    Best for Microsoft SharePoint integration

  2. ARES PRISM

    Best EPM software for executives

  3. SAP Analytics Cloud

    Best for first-party feature scalability

  4. Planful

    Best for rolling forecasts

  5. Insight Software

    Best for first-party feature scalability

  6. IBM Planning Analytics

    Best for change management planning

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.