BPM Companions and BARC Join Forces to Bring First of Its Kind World CPM Priorities and Trends Learn File, Industry Records

Overview of the BPM Companions and BARC Partnership

The collaboration between BPM Companions and BARC marks a significant milestone in the business intelligence and performance management sectors. BPM Companions, recognized for their deep expertise in BPM, CPM, and enterprise performance management (EPM), brings decades of experience in advising organizations on budgeting, planning, and operational efficiency. BARC, renowned for its impartial and trusted analyses in data and analytics, complements this expertise with its comprehensive research on planning and analytics software solutions.

This partnership leverages the strengths of both organizations to produce a holistic and authoritative research report that reflects a global perspective on CPM priorities and trends. By combining data from BPM Companions’ long-running BPM Pulse survey and BARC’s extensive Planning Survey 24, the report will cover a broad spectrum of industries, geographies, and organizational sizes, ensuring diverse and representative insights.

The joint research effort is led by BPM Companions’ CEO Craig Schiff and BARC’s Head of Data & Analytics Research Dr. Christian Fuchs. Their leadership ensures rigorous analysis and interpretation of the data, enabling the report to deliver actionable intelligence that resonates with both practitioners and vendors in the CPM space.

The Significance of Combining BPM Pulse and The Planning Survey 24

The BPM Pulse survey, conducted annually by BPM Companions, is the longest-running global study of business performance management users and prospects. It captures detailed insights regarding budgeting, forecasting, financial consolidation, and operational performance management practices. On the other hand, BARC’s Planning Survey 24 is the world’s largest study of planning software users, offering deep analysis of market trends, vendor evaluations, and user satisfaction.

By merging these two robust datasets, the World CPM Priorities and Trends report will provide an unprecedented depth and breadth of information. This fusion allows for cross-validation of insights and a more comprehensive understanding of how organizations are adopting and evolving CPM processes and technologies worldwide.

Moreover, this combined research approach will highlight converging and diverging trends across different sectors and regions. It will enable stakeholders to benchmark their CPM initiatives against global standards and identify emerging priorities that may shape the future of performance management.

Key Objectives and Benefits of the World CPM Priorities and Trends Report

The primary objective of the report is to empower end-user organizations with a clear, data-backed view of CPM best practices and market dynamics. This knowledge will help organizations optimize their budgeting, planning, forecasting, and reporting processes, ultimately enhancing financial and operational performance.

For vendors, the report offers critical insights into customer needs, adoption patterns, and technology preferences. This understanding enables solution providers to tailor their offerings and innovation roadmaps to better align with market demands, thereby increasing customer satisfaction and competitive advantage.

Additionally, the report serves as a valuable benchmarking tool. Organizations can compare their CPM maturity and priorities with those of their peers, uncovering gaps and opportunities for improvement. This benchmarking capability is particularly important in an era where data-driven decision-making is essential for sustaining growth and agility.

Methodology and Data Collection Process

The World CPM Priorities and Trends report is based on a rigorous research methodology that integrates quantitative survey data and qualitative analysis. BPM Companions’ BPM Pulse survey collects responses from a diverse range of organizations globally, covering various industries and company sizes. The survey focuses on real-world usage of CPM solutions, challenges faced, and future priorities.

Parallelly, BARC’s Planning Survey 24 gathers extensive data on planning software usage, vendor evaluations, and user satisfaction. The data collection process includes input from thousands of users, ensuring statistical significance and reliability.

Both organizations collaborate to harmonize the datasets, ensuring consistency and eliminating duplications. The combined data undergoes thorough analysis by expert teams, resulting in insights that are both comprehensive and nuanced. End-user organizations are encouraged to participate in the BPM Pulse survey to contribute their perspectives and gain access to the resulting report.

Anticipated Insights and Industry Implications

The forthcoming World CPM Priorities and Trends report is expected to reveal key market dynamics such as the rising importance of integrated planning and analytics, the growing role of artificial intelligence and machine learning in CPM processes, and shifting user expectations regarding solution flexibility and usability.

It will also shed light on challenges organizations face in data integration, change management, and aligning CPM initiatives with broader corporate strategies. Understanding these pain points will help vendors develop more targeted solutions and enable organizations to adopt best practices for successful implementation.

Furthermore, the report will likely highlight regional differences and sector-specific trends, providing a granular view that supports tailored strategies. Such insights are crucial for multinational corporations and solution providers operating in diverse markets.

How Organizations Can Participate and Benefit

End-user organizations interested in shaping the future of CPM practices are invited to participate in the ongoing 2024 BPM Pulse survey. Participation not only contributes to the richness and accuracy of the research but also grants early access to the survey results, enabling organizations to benchmark their CPM maturity against global peers.

Respondents will receive the BPM Pulse results report along with a token of appreciation, such as a gift card. This incentive encourages broad participation, ensuring the data reflects a wide array of perspectives and experiences.

By engaging with this research initiative, organizations position themselves at the forefront of industry trends, gaining strategic insights that support informed decision-making and continuous performance improvement.

About BPM Companions and BARC: Leaders in CPM and Analytics

BPM Companions is a premier consulting firm specializing in business performance management, corporate performance management, and enterprise performance management. Recognized by Forbes as one of the top management consulting firms in the United States, BPM Companions helps organizations optimize budgeting, planning, financial consolidation, and operational efficiency through expert advisory and vendor-neutral guidance.

BARC (Business Application Research Center) is a leading analyst and consulting firm focused on data analytics, business intelligence, and project management. With over 25 years of experience, BARC delivers impartial research, vendor evaluations, and market trend analyses that empower organizations to leverage data and analytics for business transformation.

Together, BPM Companions and BARC combine deep domain expertise and extensive market research capabilities, making their joint World CPM Priorities and Trends report a trusted, authoritative resource for CPM stakeholders worldwide.

Looking Ahead: The Future of CPM Based on Collaborative Research

The World CPM Priorities and Trends report, slated for release in summer 2024, is poised to become a cornerstone resource for organizations and vendors navigating the evolving CPM landscape. The insights it provides will inform strategic investments, technology adoption, and process improvements that drive business agility and competitive advantage.

As the CPM market continues to evolve with emerging technologies such as AI, cloud computing, and advanced analytics, this collaborative research will help stakeholders anticipate changes and adapt proactively. It will also foster a community of practice centered on continuous learning and innovation in performance management.

Ultimately, the partnership between BPM Companions and BARC exemplifies how combining complementary expertise and data sources can produce richer insights and greater value for the CPM ecosystem, setting a new standard for industry research.

Conclusion

The joint initiative by BPM Companions and BARC to develop the World CPM Priorities and Trends research report represents a significant advancement in the field of corporate performance management. By combining two of the industry’s most respected surveys, the report promises to deliver unparalleled insights that will empower organizations and vendors worldwide. As CPM continues to evolve in complexity and importance, this collaborative research will serve as a vital tool for benchmarking, strategic planning, and innovation. Organizations are encouraged to actively participate in the 2024 BPM Pulse survey to influence the findings and gain early access to this groundbreaking resource. Together, BPM Companions and BARC are setting a new standard for data-driven performance management research that will shape the future of CPM globally.