Corporate Performance Management

Nova Advisory: A Trusted OneStream Diamond Implementation Partner

For finance leaders managing complex operations, Corporate Performance Management (CPM) offers the tools and frameworks needed to navigate uncertainty and drive sustainable growth. From accelerating close cycles to unifying strategic planning, CPM brings together the critical functions that help finance lead with confidence.

Key Areas of CPM

Finance Transformation
A successful CPM strategy doesn’t just automate—it reshapes how finance operates. Discover how transformation initiatives help modern leaders shift from reporting the past to shaping what comes next.

Financial Close Automation
Manual reconciliations and fragmented workflows slow everything down. See how OneStream and CPM unify and accelerate close cycles, improving accuracy and confidence across the board.

OneStream Software
Your CPM results are only as strong as the platform behind them. Learn why enterprise finance teams choose OneStream to unify planning, reporting, consolidation, and analytics.

OneStream Implementation Partner
Effective CPM requires more than software—it requires a partner who understands strategy, systems, and speed. Discover what makes Nova Advisory’s implementation approach different.

What Is Corporate Performance Management?

Corporate Performance Management (CPM) refers to the set of processes, methodologies, and technologies used by organizations to manage and improve their business performance. It encompasses activities such as budgeting, forecasting, financial consolidation, reporting, and strategic planning. According to leading definitions, CPM enables organizations to align their financial and operational data with strategic goals, driving better decision-making and accountability across all levels.

The concept of CPM has evolved over time. Initially referred to as Enterprise Performance Management (EPM), it drew from traditional Business Intelligence (BI) tools and Financial Planning & Analysis (FP&A) practices. As the demands on finance teams increased—especially for real-time data, predictive analytics, and cross-functional collaboration—CPM emerged as a more integrated approach. It bridges these disciplines, providing a unified framework for managing performance in dynamic business environments.

Key outcomes of effective CPM include:

Alignment:
Agility:
Insight:
Execution:

CPM doesn’t just help you plan—it helps you deliver. By embedding accountability into workflows, tracking performance against KPIs, and providing visibility into execution gaps, CPM ensures that strategy turns into results. Finance becomes a partner to the business, not just a reporter of outcomes. The result: better decisions, faster course corrections, and stronger enterprise-wide execution.

Core Components of a CPM Framework

A robust Corporate Performance Management framework is built on several key components. Together, these elements enable finance teams to plan effectively, respond to change, and deliver accurate, actionable insights across the business.

Planning & Budgeting
Forecasting & Scenario Modeling
Financial Consolidation & Close
Reporting & Dashboards
Data Integration & Quality

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Benefits of CPM

Implementing a strong Corporate Performance Management (CPM) framework isn’t just about streamlining finance—it’s about enabling the business to operate with greater speed, clarity, and confidence. From accelerating close cycles to aligning strategy across departments, CPM gives finance leaders the tools to lead proactively and drive real impact. The benefits aren’t theoretical—they’re measurable, repeatable, and essential for organizations navigating today’s complexity.

Improved Decision-Making

Access to real-time, reliable data enables leaders to make confident, informed decisions.

Faster, More Accurate Planning Cycles

Automated processes reduce manual effort, shortening planning timelines while increasing precision.

Increased Efficiency Across Finance

Streamlining tasks like consolidation and reporting frees up time for higher-value strategic work.

Strategic Alignment Across Departments

Ensures everyone is working towards common goals, with clear visibility into how each team contributes.

Stronger Performance Visibility

Dashboards and reports provide instant insight into key metrics, helping track progress and spot issues early.

Sustained Optimization

Post-go-live support and training ensure your CPM platform evolves with your business, driving long-term value and user adoption.

CPM vs EPM vs FP&A: What’s the Difference?

While Corporate Performance Management (CPM), Enterprise Performance Management (EPM), and Financial Planning & Analysis (FP&A) are closely related, they serve distinct roles within modern finance.

CPM focuses on managing and improving overall business performance through integrated financial and operational processes.
EPM is often used interchangeably with CPM but can refer more broadly to enterprise-wide strategies, including non-financial aspects like HR or supply chain.
FP&A specifically refers to the financial planning, budgeting, forecasting, and analysis functions within an organization.

Comparison Table:

Aspect	CPM	EPM	FP&A
Focus	Business performance through finance + operations	Enterprise-wide performance (incl. non-financial)	Financial planning, budgeting, and forecasting
Scope	Strategic integration layer across departments	Broader organizational strategy alignment	Finance department’s planning and analysis
Key Activities	Planning, forecasting, consolidation, reporting	Strategy execution, risk management, governance	Budgeting, forecasting, variance analysis
Users	Finance leaders, exec teams, department heads	C-suite, business unit leaders	Finance teams, CFOs
Tools & Tech	OneStream, Oracle, SAP CPM	Oracle EPM, IBM Cognos, SAP EPM	Excel, Anaplan, Adaptive Insights, CPM platforms

Real-World Applications of CPM

Corporate Performance Management isn’t just a framework—it’s a practical toolset that finance leaders use to navigate some of the most complex challenges in business.

Below are a few high-impact use cases where CPM delivers measurable value.

Mergers & Acquisitions (M&A) Integration

CPM platforms simplify the integration of newly acquired entities by unifying disparate systems, streamlining reporting, and aligning strategic goals. Finance leaders gain faster visibility into consolidated performance, allowing them to track synergies and optimize operations post-acquisition.

Cost Transformation Initiatives

When organizations need to reduce costs or optimize spending, CPM helps identify inefficiencies, model potential savings, and monitor progress in real time. Scenario modeling and KPI tracking make it easier to course-correct and keep stakeholders aligned.

Board & Executive Reporting

Board meetings demand accuracy, clarity, and speed. CPM systems automate the delivery of real-time dashboards and structured reports, reducing manual preparation and increasing confidence in the numbers.

How CPM Supports Finance Transformation

Corporate Performance Management is more than a technology solution—it’s a catalyst for true finance transformation. As organizations face increasing pressure to deliver faster insights, adapt to market shifts, and drive strategic growth, CPM becomes the foundation for how finance evolves from a back-office function to a strategic partner in the business.

Modern finance leaders are no longer just stewards of budgets—they are drivers of innovation, risk managers, and strategic advisors. CPM provides the tools and frameworks to support this expanded role, enabling finance teams to move beyond reporting and take a central position in shaping the company’s future.

By integrating planning, forecasting, and performance monitoring, CPM allows finance to:

Respond proactively to market volatility.
Provide leadership with real-time, actionable insights.
Align financial goals with broader business strategy.
Foster a culture of accountability and data-driven decision-making.

In this way, CPM is not just a system—it’s a strategic enabler of finance transformation.

Nova Advisory: Strategic Partner for CPM-Driven Transformation

As a OneStream Diamond Partner with over 200 successful projects, Nova Advisory helps enterprise finance teams harness the full power of Corporate Performance Management. We don’t just implement technology—we help organizations build a modern finance function capable of shaping business strategy.

Our approach combines:

Unified CPM delivery through OneStream to eliminate silos and ensure real-time insights

Finance-led advisory, grounded in real-world experience from former CFOs, controllers, and FP&A leaders

Post-go-live optimization through SMART, our premium support program that ensures your CPM platform evolves with your business

Whether you're deploying OneStream for the first time or optimizing an existing implementation, Nova Advisory brings the expertise and structure needed to transform performance management into a strategic advantage.

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Listen to The CPM Customer Success Podcast

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For Finance Leaders Ready to Move Forward

CPM Customer Success, hosted by Nova Advisory’s Andy Smetana, is your guide to what’s possible. Each episode features real finance leaders sharing how they left behind outdated processes, overcame complexity, and took control of their performance management with OneStream.

Organizations that trust Nova Advisory to Optimize Their OneStream Platform

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As a trusted OneStream Diamond Implementation Partner, Nova Advisory brings the strategic guidance and technical expertise to ensure your system delivers measurable results — from faster closes and better planning to leadership-ready insights.

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We’ll follow up with next steps — including how our proven approach can bring clarity, speed, and confidence to your OneStream investment

Corporate Performance Management (CPM): A Strategic Function for Modern Finance

Nova Advisory: A Trusted OneStream Diamond Implementation Partner

Key Areas of CPM

What Is Corporate Performance Management?

Key outcomes of effective CPM include:

Alignment:

Agility:

Insight:

Execution:

Core Components of a CPM Framework

Planning & Budgeting

Forecasting & Scenario Modeling

Financial Consolidation & Close

Reporting & Dashboards

Data Integration & Quality

Start Building the System Your Finance Team Deserves