Not to be confused with CRM, corporate performance management (CPM) software defines and manages the strategies that companies need to monitor their business activities. Your CPM software helps to create methodologies and processes that will eventually be implemented. This can facilitate the ability to track key performance indicators (KPIs) for corporations.

Who Uses CPM?

Although oftentimes CPM software is only deployed by accounting departments to analyze financial performance, it can be implemented across all corporations. It can be used by managers and executives, or anyone responsible for improving the business performance of a company.

Accounting Professionals

Using CPM is helpful to monitor financial performance. You can use CPM to improve performance by comparing budgets, expenses, and revenue in real-time. It can also be used to forecast.

Department Managers

Tracking the business performance of each department is made possible with a CPM. Because each department has specific goals, the metrics must be aligned with this. CPM also allows managers to understand how their department affects other departments.

Executives

When it comes to strategic planning and overseeing performance, executives must find the details on metrics and transactions that directly affect overall performance. CPM facilitates that.

What Does a CPM Do?

CPM systems help to consolidate different types of business information, whether that is financial, operational, IT, sales, and more. All information regarding departments of a corporation can be found in a CPM.

This is why a CPM needs to integrate with software products. Whether these are ERP systems, CRM software, supply chain, and logistics software, or, of course, accounting software. If you are looking to mitigate risks, then integration with governance, risk, and compliance software is essential as well.

What Qualifies a Corporate Performance Management System?

There are a few factors that lead to the qualification of a corporate performance management system:

1. Deliver standard KPIs for different departments: This should include finance, manufacturing, accounting, sales, and IT at the very least.
2. Align corporate objectives with plans: All operational and business processes should be aligned to achieve company goals.
3. Strategic planning and management tools: This might include something such as balance scorecards to evaluate your achievements.
4. Forecast changes: Operational metrics are essential to a successful corporation, which means that your CPM software must suggest corrective actions.
5. Data automation: Whether that is in terms of the collection or management of data, you will need to monitor performance overall. This might include workflows, automated tasks, and processes for performance tracking.
6. Distribute reports: Including the generation and distribution of key corporate KPIs.

Why Use CPM?

There are many reasons why you might want to use a CPM for your corporation. The first is that it offers a single source of truth regarding performance. You can also work to align your business with objectives and goals. Finally, it helps to plan for the future. With strategic planning and contingency plans, you will be prepared for anything.

Learn More from Agency Automation Team

Learn all about Insurance Agency Management from Agency Automation Team. With easy steps to follow and information to walk you through, it has never been easier.

So, you’ve gone through the research and sat through several hours worth of the webinars. You know your questions and your needs around an agency management system and you’re ready to start using one. Even better, you’ve decided that the Agency Automation Team’s CP Manager is the system you’re going to use. But how does it work? Is it right for my insurance management system? Where do I start? What are other people saying about CP Manager? We’ll take a look at the features of the CP Manager and how to get started below.

Productivity Minded

CP Manager is one of the few systems that’s got productivity in mind and at the forefront of the work it does. It was designed to put productivity, and results, first. This means a complete overhaul of the traditional agency management system which focused on operations and overall passive goals. This is about daily productivity and what you can be doing now to make your business grow.

Features

CP Manager has some great features. There’s re-engineered client management, a feature that allows you to view client activities, unlimited client contacts, more thoroughly integrated notes and attachment features, eSignatures for online document signing and verification, an open client detail record, up to 12 user defined fields, claims management, service tools, built in correspondence, document management systems, and a lot more.

Focus on Freedom

CP Manager wants to be your go-to only system for running your business. That means more freedom when it comes to looking through your client records and claims. It also means building in features into this one system so you don’t have to hunt across the internet to find a web of systems that may or may not integrate with each other, to get your job done. CP Manager can be your operational headquarters, your CRM, your archives, and a whole lot more.

How To Start

The best way to start is to dive into one of CP Manager’s informative webinars on the system and your needs it fulfills. There’s several replays that can give you an overview of what the system is designed for, how you can leverage it, and how it works at a broad level. Then, sign up for our emails to stay up-to-date on information and trends, any changes, and software updates. Next, schedule a one-on-one walk through where you’ll receive a demo of the system as it pertains to your business’s specific needs. Take the seven day Test Drive in the system to ensure it’s right for you and then finally set up your implementation and onboarding of the new system.

CP Manager is the only insurance agency management system you need. It’s got so many features built in and your productivity in mind. Take a tour, do your research, try it out, and get started with using CP Manager to manage your agency with the Agency Automation Team today. Contact us to set up an appointment or let us answer any questions you may have.