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Corporate Financial Planning Applications
Corporate financial planning applications are software applications used in business performance management and strategy planning. These apps are sometimes called strategic corporate planning management (SCPM) solutions. SCPM apps vary greatly in their focus. Some assist only the needs of the finance department, focusing solely on money matters, while others provide planning support and resources across all areas of business, from risk management to sales strategy. Corporate financial planning helps business leaders and managers create meaningful plans based on business goals or an overall business vision. It may use data integration, forecasting, analytics, or business intelligence tools to do this.
What Small and Midsize Businesses Need to Know About Corporate Financial Planning Applications
SMBs deal with ever-increasing volumes of financial data from multiple sources. Corporate financial planning applications help manage and analyze this data more easily, offering profit-boosting insights without the need to hire expensive financial experts.
Related terms
- Tokenization
- ROIT (Return on Information Technology)
- SAC (Subscriber Acquisition Cost)
- Energy Trading and Risk Management (ETRM)
- Chief Revenue Officer (CRO)
- Core Banking System
- Record to Report (R2R)
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling
- Capital Allocation
- Compound Annual Growth Rate (CAGR)
- Net Present Value
- Hedge Fund
- Gateway
- Selling General and Administrative (SG&A) Expenses
- ROE (Return on Equity)
- Financial Planning and Analysis (FP&A)
- Dollar-Cost Averaging (DCA)
- Procure-to-pay Solution