Are you wondering how you can ensure your business processes and strategies are grounded in accurate and timely data? If you want to support high-level decision-making in your organization, enterprise performance management software is the key. If you’re not using EPM software yet, it’s time to learn how it can deliver forecasting and reporting for better strategy creation, workflow implementation, and general effectiveness.
If you have any basic questions about how EPM software works or how to pick the best option for your organization, you may want to take a look at my People Also Ask section below. Or, if you’re curious about how I prepared this list, see How I Selected the Best EPM Software near the bottom.
Best EPM Software Shortlist
Here’s the shortlist of the best EPM software that I’ll cover in this article, with detailed summaries below:
- Oracle EPM - Best cloud-based platform for a more unified user experience
- Anaplan - Best for creating a collaborative planning hub through all operational levels
- Adaptive Planning - Best cloud-based tool for data sharing and mobile needs
- Prophix - Best for fully interactive data visualization and graphics
- OneStream - Best financial solutions for large organizations
- Tagetik - Best for cloud-based or on-premise EPM and CPM solutions
- Jedox - Best for collaborative and adaptable performance management
- Planful - Best for empowering and aligning your team
- SAP Analytics Cloud - Best for comprehensive bleeding-edge solutions
- Kepion - Best for business-oriented planning and workflow integration
Overviews of the 10 Best EPM Software
Here’s a brief description of each EPM software that showcases each vendor’s best use case, their noteworthy features, and some pros and cons. I’ve also included screenshots to give you a snapshot of their user interface too.
1. Oracle EPM - Best cloud-based platform for a more unified user experience
Oracle Fusion offers separate ERP and EPM platforms with targeted solutions for specific business needs. The EPM software delivers a variety of capabilities designed for sales organizations, including productivity tools and sales reporting insights.
The Oracle EPM offers particularly robust financial accountability tools, including cost management, financial consolidation, tax reporting, and account reconciliation that ensure businesses can understand and adapt to changing trends in their market. These tools also deliver better accuracy, visibility, and compliance for financial teams and accounting departments.
Oracle EPM can support medium and large businesses on their journey toward faster growth, as well as enterprise organizations looking to manage their financial operations. Some of the industries they empower include communications, wholesale distribution, hospitality, entertainment, and public safety.
Oracle EPM Standout Features and Integrations
Features include opportunity and pipeline management, knowledge base, desktop and mobile apps, lead management, reporting, dashboards, territory and quota management, social collaboration features, custom dashboards, and task management.
Integrations include Ascendify and Oracle Integration Agent.
Price: From $65/user/month
Free Trial: Free demo available
Pros
- Versatile and comprehensive tool base
- All-in-one platform
- Integration agent to load data from on-premise
Cons
- Limited API and integrations
- Limited training during implementation
2. Anaplan - Best for creating a collaborative planning hub through all operational levels
Anaplan claims that it’s a disruptive platform that you can use to enhance collaborative planning and execution through every level of business operations — from corporate all the way to store and account levels. They focus on usability and self-service to provide more flexibility and control in-house.
One of the most unique features of Anaplan’s platform is the independent research analyst functionality. This tool allows users to review third-party analysis of their market with insights from the top analysts, including Gartner, Forrester, The Harris Poll, Nucleus Research, Constellation, and Ventana Research.
Anaplan supports a variety of industries, like retail, technology, media, telecommunications, consumer goods, and financial services, for businesses of all sizes. Their tiered plans accommodate small businesses and provide scaling opportunities up to the enterprise level that adjusts with your growth rate.
Anaplan Standout Features and Integrations
Features include financial reporting, predictive insights, business intelligence, modeling, enterprise-grade security, unified data collection, data sharing tools, user and access management, data visualization, and version control.
Integrations include AI Service Desk, Alumio, Boomi, Dataddo, Fortello, Pipefy, Rippling, Tableau, Uptempo, and Vuealta Demand Planning.
Price: Pricing available upon request
Free Trial: Free demo available
Pros
- Flexible and customizable platform
- Intuitive user interface
- Easy to deploy scenarios
Cons
- Complex data visualization process
- Limited backtrack capabilities
3. Adaptive Planning - Best cloud-based tool for data sharing and mobile needs
The Workday Adaptive Planning EPM solution is a cloud-based software that focuses on collaborative tools for modeling, forecasting, and budgeting to ensure cohesive decision-making processes throughout the organization.
One key element of this ERP system is the workforce planning feature, which supports talent planning, headcount and cost analysis, workforce capacity planning, and strategic workforce planning. With simple modeling for workforce dynamics, users can align staffing and hiring plans more accurately with a business’s goals.
Adaptive Planning supports medium and large organizations across a variety of sectors, including communications, nonprofit, education, and manufacturing, with flexible licensing-based pricing. They also offer solutions based on need, like employee experience, belonging and diversity, ESG, and Covid 19.
Adaptive Planning Standout Features and Integrations
Features include flexible budgeting, operational planning, workforce planning, progress tracking, real-time data, scenario planning, reporting, accounting tools, supply chain management, asset lifecycle management, version control, and reporting templates.
Integrations include Domo, Dynamics 365, Microsoft 365, Microsoft Excel, NetSuite, Rippling, Oracle, Sage Intacct, Salesforce Sales Cloud, and Workato.
Price: Pricing available upon request
Free Trial: Free demo available
Pros
- Easy to use
- Built-in analytics
- Flexible for faster decisions
Cons
- Limited learning resources
- Reporting is not intuitive
4. Prophix - Best for fully interactive data visualization and graphics
The Prophix software solution aids business planning processes through automation and integration of every operational need, including budgeting, financial consolidation, reporting activities, and forecasting.
A standout feature of this strategic planning platform is their financial close tool that automates time-consuming processes to speed up operations, ensure higher accuracy, and provide more auditing accessibility. This tool eliminates manual processes and disconnected spreadsheets with a suite of tools all in one place.
Prophix provides solutions for small, medium, and large businesses based on industry and use case. Some common verticals include construction, senior living, higher education, real estate, and manufacturing, while common use cases range from budgeting and planning to reporting and analytics.
Prophix Standout Features and Integrations
Features include budgeting, forecasting, data visualization and analysis, custom reporting, versioning, formulas, variance analysis, historical data, reporting templates, data import, collaboration tools, and real-time updates.
Integrations include Sage Intacct, SysPro, and Vertafore AMS360. Prophix has its own integration solution, DI Studio, to connect the platform to other ERPs, HRIS, and CRMs with no third-party integration vendors.
Price: Pricing available upon request
Free Trial: Free demo available
Pros
- Friendly, easy tool
- Excellent onboarding support
- Pulling reports is intuitive
Cons
- Key updates come as a surprise
- Limited dashboard features
5. OneStream - Best financial solutions for large organizations
OneStream is an intelligence finance platform that helps business leaders reduce the complexity of all financial operations through financial close and consolidation and planning processes in one extensible solution.
One of this platform’s standout features is the financial consolidation and reporting module, which uses a guided workflow that enables more control over data flow for financial reporting completion in a timely manner. Users benefit from auto audit controls to ensure higher accuracy of all reports while minimizing the chance of human error.
OneStream supports medium and large organizations across a variety of industries, including manufacturing, public sector, financial services, healthcare, and higher education. With services that include support, training, and consulting, OneStream works with you to ensure client success.
OneStream Standout Features and Integrations
Features include reporting metrics, financial signaling, people and capital planning, sales planning, profitability analysis, budgeting and forecasting, sensible machine learning, account reconciliations, and compliance solutions.
Integrations include Accenture, CGI, Chain, CXO Software, EPM, Microsoft Azure, Microsoft Excel, SAP Business Intelligence, Warbird, and Weaver.
Price: Pricing available upon request
Free Trial: Free demo available
Pros
- Flexible dashboard creation
- Adaptable for specific industry needs
- Eliminates the need for most CPM tools
Cons
- Could use more efficient metadata management
- Slows down with heavy usage
6. Tagetik - Best for cloud-based or on-premise EPM and CPM solutions
A unified platform solution for FP&A, Tagetik delivers cloud or on-premise capabilities that combine business intelligence with budgeting, planning, and reporting accessibility. A highly visual tool, users can enjoy meaningful data insights at any level with intuitive report building.
The report-building tool from Tagetik is a client favorite that provides better builds with fewer clicks. Once complete, users can share these reports with any stakeholder as native Excel spreadsheets or interactive dashboards that provide at-a-glance views that make insights and analysis much simpler.
Tagetik supports small, medium, and large organizations and specializes in a variety of industries, including automotive, fashion, pharmaceuticals, healthcare, banking, and insurance. This platform is easily usable for top-down or bottom-up planning that fits in with your business processes and workflow.
Tagetik Standout Features and Integrations
Features include supply chain planning, account reconciliation and transaction matching, profitability analysis, budgeting and forecasting, compliance regulatory reporting, integrated business planning, global minimum tax, and ESG and sustainability.
Integrations include Cohelion Data Platform, CXO Software, Microsoft 365, Microsoft Excel, Microsoft Power BI, SAP, and Qlik.
Price: Custom pricing available upon request
Free Trial: Free demo available
Pros
- Self-serve for most reporting needs
- Easy to use
- Excellent support team
Cons
- Limited customization options
- Slow loading times for large data sets
7. Jedox - Best for collaborative and adaptable performance management
As a SaaS-based solution for comprehensive planning and performance management, Jedox delivers adaptability through integrated business planning, data integration from any source, and modeling of any scenario to simplify cross-organizational plans.
One of the key benefits of Jedox is their cross-platform and organization integration, which allows users to extract value from every enterprise application, unify business functions, incorporate multiple data sources, and deploy reports quickly. Users then enjoy access to a single source of truth.
Jedox is designed for small, medium, and large organizations that require solutions for finance, sales, S&OP, and HR. They support a variety of industries, with specialization in life sciences, manufacturing, retail, and energy.
Jedox Standout Features and Integrations
Features include budgeting, forecasting, planning, data visualization and analysis, reporting templates, custom reporting, collaboration, version control, real-time data updates, data import, budget hierarchies, cost allocation, and profitability analysis.
Integrations include Microsoft Excel, Microsoft PowerPoint, Microsoft Power BI, Microsoft Word, Salesforce Sales Cloud, SAP Hana, and Tableau. Users have access to the Jedox integrator for more integration support without third-party applications.
Price: From $160/user/month
Free Trial: Free demo available
Pros
- Can connect with nearly any source system
- Rapid learning curve when building reports
- Easy for database developers to understand
Cons
- Only available as cloud software
- Easily reaches performance limits
8. Planful - Best for empowering and aligning your team
Planful offers business performance management that focuses on streamlining business-wide planning, budgeting, reporting, and consolidations. With tools for marketing, IT, accounting, financing, and HR, it provides a comprehensive suite of tools for holistic enterprise resource planning.
One of the standout tools from Planful’s arsenal is the rolling forecast feature for financial planning. Users can accommodate instant changes to financial plans that never allows plan accuracy to go stale. Businesses can easily account for market volatility and shifting trends with rolling adjustability at any point.
Planful provides solutions for SMBs and large organizations with an ERP/EPM system designed for flexible integration, better security, artificial intelligence-driven insights, and powerful customer support for your team.
Planful Standout Features and Integrations
Features include planning, budgeting, forecasting, rolling forecasting, scenario analysis, financial consolidation, financial close management, marketing ROI and budget management, compensation modeling, capacity planning, SKU-level planning, and driver-based planning.
Integrations include ADP, Boomi, Google Sheets, Google Ads, Microsoft Excel, Netsuite, Oracle, Sage, Salesforce, and Workiva. Planful offers a full suite of RESTful APIs and over 1,400 pre-built connectors.
Price: Pricing available upon request
Free Trial: Free demo available
Pros
- Easy to navigate
- Friendly user interface
- Highly configurable application
Cons
- Limited dynamic dashboard functionality
- Not a data warehouse solution
9. SAP Analytics Cloud - Best for comprehensive bleeding-edge solutions
This web-based SaaS solution for Business Intelligence and analytics allows users to build, extend, and run applications in the cloud and then consolidates analytics from several separate sources into a centralized vision for a more accessible and consistent approach to real-time data delivery.
One of the most useful features from SAP Analytics Cloud is the supply chain planning tool that helps users gather insights across the supply chain through advanced machine learning algorithms and extend supply chain planning with what-if simulations and alerts. Users can simulate a variety of outcomes based on financial and supply chain drivers.
SAP Analytics Cloud supports small, medium, and large organizations with global capabilities in multiple languages, including German, French, Italian, Japanese, and Korean. Some industries that may benefit from their solutions include banking, retail, automotive, consumer products, and oil, gas, and energy.
SAP Analytics Cloud Standout Features and Integrations
Features include enterprise resource planning, supply chain management, human resources and capital management, financial management, business networking, spend management, CRM and customer experience, sustainability management, and business intelligence.
Integrations include Competera, Google Analytics 360, Google Drive, HubSpot Marketing Hub, Marketo Engage, Meta for Business, Microsoft Excel, Quickbooks Online, Salesforce Sales Cloud, and Twitter.
Price: From $36/user/month
Free Trial: 30-day free trial
Pros
- Many data visualization options
- Simple user interface
- Provides overview of office health
Cons
- Live models have long load times
- Cannot edit models after loading
10. Kepion - Best for business-oriented planning and workflow integration
Kepion is a cloud-based business performance management tool that’s powered by Microsoft Business Intelligence to combine budgeting, BI reporting, forecasting, and intuitive modeling on one centralized platform.
Because Kepion is powered by Microsoft, it offers a more powerful methodology to track your organization’s key performance indicators with better what-if analysis, real-time writeback capability, and data consolidation. Users can enjoy this artificial intelligence across multiple departments, including marketing, finances, human resources, and IT.
Kepion caters to various businesses, including small, medium, and large enterprises, across a variety of industries. This platform offers specialty solutions to those in insurance, banking, healthcare energy, nonprofit, consumer goods, oil and gas, and pharmaceuticals.
Kepion Standout Features and Integrations
Features include compliance tracking, AI machine learning, capacity planning, data blending, benchmarking, budgeting, forecasting, planning, currency management, data connectors, contractor management, modeling and statistics, inventory control, and mobile access.
Integrations include Acumatica Cloud ERP, Dynamics 365, Microsoft 365, Microsoft Azure, Microsoft Excel, Microsoft Power BI, Sage Intacct, Salesforce Sales Cloud, and SAP Business One.
Price: Pricing available upon request
Free Trial: Free demo available
Pros
- Easy accessibility through the cloud
- Open framework for modeling
- Automatically removes errors during reporting
Cons
- Premium pricing
- Complex integration process
Other Options
Here are a few more worthwhile options that didn’t make the best EPM software list:
- Appian - Best for low-code application development and digital workflow transformation
- AMS360 - Best agency management software specifically for insurance agencies
- Pega - Best business process management platform for improving all operations
- Kissflow - Best cloud-based workflow management and task automation platform
- OneStream - Best corporate performance management solutions for enterprise level
- Vena - Best comprehensive planning platform for finance, operations, and leaders
- InPhase - Best cloud-based business management with intelligence and analytics
How I Selected the Best EPM Software
Choosing the best software options for this list was an exhaustive task because there are so many solutions available. To begin, I chose only those EMP software options that had very high user ratings and satisfaction scores. After looking at this list of top choices, I used my unique selection criteria to compare one software to the others to see how each stacked up.
Finally, I honed this list to just the top 10 here by drawing on my years of revenue operations experience in order to pinpoint those features that added the most value.
Selection Criteria
Here’s a short summary of the main selection and evaluation criteria I used to develop my list of the best EPM software for this article:
Usability
Training your team to use a new digital tool can be a huge undertaking, especially if the software is particularly hard to navigate and understand. I chose EPM tools that delivered friendly user interfaces and training modules, as well as customer and community support features that make integrating a new tool into your workflow easier.
Standout Features
There are some basic features that the most useful EPM platforms have to have, including robust budgeting, powerful forecasting, and great data visualization. I chose those tools that included these essentials, plus a few standout extras that appealed to a specific use case or vertical.
Software Integrations
Since EPM has a lot to do with nearly every aspect of your business, including customer satisfaction, financial planning, and marketing, the software you choose must be able to integrate with other commonly used applications, like Salesforce, Excel, SharePoint, and CRM data sources.
Pricing
Working with stakeholders in any enterprise is never one-size, so you need an easily-scalable tool that can grow with you. I chose those options with a transparent pricing structure that offered multiple tiers or easily adaptable expansions that could fit the needs of your specific growth.
People Also Ask
If you’re just now looking into EPM software, you may not be very experienced or knowledgeable, so these frequently asked questions could help guide you in the right direction. Check out what other people also ask about the best enterprise performance management tools.
What is EPM software?
What are the benefits of EPM software?
What are the key features of EPM software?
Better Tools for a Better Future
With this list of the best EPM software, you can narrow down your options to the tool that will best suit your business needs. But if you’re looking for more resources to help you make a decision, The RevOps Team has a blog that is here to help. Explore articles on related topics, including:
- 9 RevOps Best Practices To Unlock Your Business Growth Potential
- 10 Best Revenue Operations Software in 2023
- What is CPQ: A Guide to ‘Configure, Price, Quote’ for RevOps Teams
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