Top 54 Performance Management Software (Jan 2023)

2023's Best 55 Performance Management Systems

Shlomi LaviShlomi Lavi / Jan 28, 2023

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1. Gusto HR

  • Best for: Small, medium and large size businesses
  • Price: starts at $39 per month
  • Jan 28, 2023
Compare Gusto HR Vs. Gusto HR

A well-supported team is the key to a successful business. With Gusto easy-to-use platform, you can empower your people and push your business forward.


2. Oracle Taleo

  • Best for: Large business
  • Price: starts at $5,000 per year
  • Mar 22, 2022
Compare Oracle Taleo Vs. Gusto HR

Oracle Taleo is cloud-based HR management software that was released into the market in 2004. This is a complete human resource solution for all types of business especially the medium sized and large companies. This is used for purposes of recruitment and has recently been intergarted with other re...


3. monday.com

  • Best for: Small, medium and large size businesses
  • Price: starts at $10 per seat/month
  • Jan 25, 2023
Compare monday.com Vs. Gusto HR

monday.com is both a cloud-based as well as an on-premise software solution that was developed mainly to assist in project and team management. The software fosters team collaboration as it connects and allows team members to work together on any project.


4. Stackify

  • Best for: Small, medium and large size businesses
  • Price: starts at $35 per server/month
  • Mar 08, 2022
Compare Stackify Vs. Gusto HR

Stackify software is a cloud-based Application development software solution that enables users to diagnose, accelerate and improve performance. The platform offers two products namely Retrace and Prefix in one integrated solution.


5. Collage Software

  • Best for: Small businesses and start ups
  • Price: starts at $7 per user/month
  • Mar 08, 2022
Compare Collage Software Vs. Gusto HR

Collage Software is a cloud-based, all-inclusive Human Resource and employee benefits software for small businesses. Its core features include performance management, employee records system, digital onboarding, time off management, recruitment (ATS) processing, and HR reporting.


6. BirdDog Recruitment & Applicant Tracking

  • Best for: Small, medium and large size businesses
  • Price:
  • Mar 08, 2022
Compare BirdDog Recruitment & Applicant Tracking Vs. Gusto HR

BirdDog Recruitment and Applicant Tracking software is a cloud-based applicant tracking software to help users locate top talent in the shortest time possible. The software can help companies to prequalify candidates before interviewing them and also send each applicant auto responder emails. Postin...


7. Workfront

  • Best for: Small, medium and large size businesses
  • Price: starts at $30 per user/month
  • Dec 11, 2022
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Workfront is a cloud-based project management software that aims at helping teams collaborate, prioritize tasks, report on their work, and any other project management capabilities. The software has a library of standard reports which a user can access and use or customize them to meet the company’s...


8. RedTeam Software

  • Best for: SMBs
  • Price: starts at $395 per month
  • Mar 11, 2022
Compare RedTeam Software Vs. Gusto HR

RedTeam is a web based construction management solution for Commercial General Contractors of all sizes. It offers assistance in project management, estimating, construction accounting, equipment, Gantt scheduling as well as managing change orders, RFIs, RFQs and Submittals RedTeam was founded b...


9. Mentis

  • Best for: Small, medium and large size businesses
  • Price: starts at $10,000 per license
  • Mar 12, 2022
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Mentis HRMS software is a cloud-based human resource management software that helps to automate the HR functions and services such as recruitment, employee management, training and more.


10. Performance Pro

  • Best for: Small, medium and large size businesses
  • Price: starts at $2 per employee/month
  • Mar 11, 2022
Compare Performance Pro Vs. Gusto HR

Performance Pro is a web based performance appraisal solution for businesses of all sizes. Its capabilities include appraisal history tracking, competency tracking, self-service portal, and others. The software was designed and launched by HR Performance Solutions headquartered in Michigan, United S...


Pricing Guide - Performance Management Software:

Business Intelligence Tools Price Range

For business intelligence software, the price sits around $3,000 per year for a user. However, it is worth noting that this price range is associated with the medium offering or package from each software vendor; in essence, it is suitable for small & medium-sized businesses. More robust offerings have volatile pricings that are adjusted to suit large businesses.

Users are expected to pay between $10 to $75 for a single user account, depending on the offering level. Examples are Prisync pricing is priced at $60 per month, ClearView InFocus, which costs $25 monthly, and SEMRush pricing sit around $100 monthly. However, SAP Business Objects costs $14,000 per year but includes 10 user accounts.

Additionally, business intelligence software can be targeted at SMBs or large-sized businesses. However, there are others that are meant for any business size. The software that is apt for each business size and their prices are as follows:

  • Small Businesses can expect to pay between $10–$50 monthly for a single account business intelligence software. For BI software that includes multiple accounts, they can expect to pay between $300–$500 per month. However, some other vendors like Britix24, Manage Engine Analytics Plus, and BI360 offer their low-end package free for small businesses, although with limited features. Some BI software for small businesses are Competitors App, which costs around $7 per month, KlipFolio $50 monthly, and AnswerDock $20 per month.
  • Medium Businesses can expect to pay between $50–$500 for a business intelligence software, depending on the number of accounts on each offering. For instance, Tableau pricing costs $70 for a single account, while Funnel and CYS cost around $500 and $300 respectively for pre-set multiple accounts.
  • Large Businesses can expect to pay $500–$10,000 for BI software packages that include a large workforce and around $60 for a single account. For instance, Prisync ultimate package costs around $300 monthly per user but allows only a minimum of 10 accounts, which amount to $3,000. Also, ArcGIS costs $1,500, and IBI is priced around $150 per month.

The price range for BI best of breed are as follows:

  • Reporting Software This subcategory of BI software has a price that ranges from $10 and $45, depending on the offering level. For example, Agent360 Marketing Reporting pricing starts from $80 per month for 5 users, Syncfusion Bold Reports costs $200 per month for 5 users, Germain APM cost up to $30 per day based on APM unit.
  • Data Visualization Software The price for software in this category ranges from $10 to $50 per user monthly. On the other hand, some others are completely free to use. Google Charts, for example, comes at no fee. However, software like Qlik Sense costs $15 per month per user, while Power BI costs more than $10 monthly per user.
  • Dashboard Software Dashboard software pricing is usually divided into three tiers, which range from $9 to $12, $12 to $27, and above $30, respectively; the price is usually set based on the number of dashboards made available in a month. Some dashboard software with this similar price are Cluvio, which costs $280 for 50 dashboards monthly, Microsoft Dynamics 365, which costs $190 monthly per user for a number of dashboards. Others are iClassPro = $130 and ThortSpace = around $10 monthly per user.
  • Risk Management Software Many products in this category are priced on a yearly basis, which, in many cases, may be per user. They can also be divided into three categories, of which the lowest offering range from $70 to $400, medium offering from $400 to $10,000, and the ultimate package from $10,000 upwards. Some products have monthly pricing regardless; for example, Goat Risk, which costs $15 per user, and OneSoft Connect, which costs around $6 per user. An example of a product with yearly pricing is Analytic Solver, which costs $250 per user. Lastly, some risk management software have one-time fees, like IsoMetrix, which costs $34,000 for a buyout.
  • Embedded Analytics Software The pricing for embedded analytics software is often divided into three tiers, usually to suit small businesses, medium businesses, and large businesses. The price ranges from $10 to $15, $15 to $325, and above $325 for each respective tire. Stratifyd is an embedded analytics software with yearly pricing of $1,000 per user. Others are GoodData, which costs $2,400 per year, INFRAGISTIC Reveal, which costs around $10 per user per month.

11. PiiQ

  • Best for: Medium business
  • Price: starts at $8 per user/month
  • Mar 13, 2022
Compare PiiQ Vs. Gusto HR

PiiQ is a cloud-based Cloud LMS software that equips users with customizable setups to manage workforce, garner benchmarks, and provide useful feedback.


12. honeybeeBase

  • Best for: SMBs
  • Price: starts at $2 per user/month
  • Mar 13, 2022
Compare honeybeeBase Vs. Gusto HR

honeybeeBase software is a web based staff management solution designed for small size businesses. The software features include training, human resource, employee communications, counseling reports, payroll, vacation, time clock, and paid time off among others. It allows the employees to check in a...


13. Trakstar

  • Best for: Small, medium and large size businesses
  • Price: starts at $4,370 per year
  • Mar 19, 2022
Compare Trakstar Vs. Gusto HR

Trakstar is a cloud-based performance appraisal software that is designed to assist with the assessment of the performance of the employees, feedback management as well as reviews, and also an assessment of the set goals.


14. Agile HR

  • Best for: Small, medium and large size businesses
  • Price: starts at $2,495 per license
  • Mar 19, 2022
Compare Agile HR Vs. Gusto HR

Agile HR is cloud-based HR and applicant tracking solution designed for businesses of all sizes. The core features include applicant tracking, onboarding and performance management and more.


15. Reviewsnap

  • Best for: SMBs
  • Price: starts at $3,040 per year
  • Mar 19, 2022
Compare Reviewsnap Vs. Gusto HR

Reviewsnap is a web based employee performance appraisal solution for businesses of all sizes. It offers such capabilities as ad hoc reviews, compensation management, competency tracking, and others. The software was designed and launched by Applied Training Systems Inc headquartered in Iowa, United...


16. AlertSite

  • Best for: Small, medium and large size businesses
  • Price: starts at $99 per month
  • Mar 20, 2022
Compare AlertSite Vs. Gusto HR

Site availability, speed and user experience optimization are crucial to online success. If your site is down or performing slowly, your users may go elsewhere. When there are problems, we’ve got your back. AlertSite's global 24x7 performance monitoring network alerts you the moment an issue occurs ...


17. Kenexa HR analytics

  • Best for: Small, medium and large size businesses
  • Price:
  • Mar 08, 2022
Compare Kenexa HR analytics Vs. Gusto HR

IBM Kenexa is an on-cloud or on-premise talent management and HR software for large companies. It provides integrated CRM, marketing automation, automated onboarding process, applicant tracking, skill testing, online learning, and more features.


18. Iconixx Merit

  • Best for: Small, medium and large size businesses
  • Price:
  • Mar 08, 2022
Compare Iconixx Merit Vs. Gusto HR

Iconixx Merit is an on-cloud or on-premise compensation management and HR software for medium to large companies. It offers forecasting and analytics, Webinars, automated sales, CRM integration, commission calculations, and gamification features.


19. Zoho Analytics

  • Best for: SMBs
  • Price: starts at $24 per 2 users/month
  • Mar 18, 2022
Compare Zoho Analytics Vs. Gusto HR

Zoho Analytics is a business intelligence reporting software that does the market intelligence tracking for you. Through the use of algorithms that target only the most relevant information, your company will be able to figure out those new trends. Then it will create feasible plans and will help yo...


20. PeopleGuru

  • Best for: Medium and large size businesses
  • Price: starts at $3.50 per user/month
  • Apr 01, 2022
Compare PeopleGuru Vs. Gusto HR

PeopleGuru HCM software is a cloud-based HR solution designed to offer all HCM tools in one database and one platform.


21. TeamClerk

  • Best for: Small, medium and large size businesses
  • Price: starts at $10 per server/month
  • Mar 25, 2022
Compare TeamClerk Vs. Gusto HR

TeamClerk (Now A1 Project Manager) is a cloud-based Project Management software that enables managers to automate scheduling tasks within their team and track project performance as it progresses.


22. Klipfolio Dashboard

  • Best for: Small, medium and large size businesses
  • Price: starts at $99 per month
  • May 13, 2022
Compare Klipfolio Dashboard Vs. Gusto HR

Klipfolio Dashboard is a web based business intelligence solution for businesses of all sizes. It offers such services as graphical data presentation, key performance indicators, and others. The software was designed and launched by Klipfolio Inc headquartered in Ottawa, Canada.


23. Grow BI Dashboard

  • Best for: SMBs
  • Price: starts at $1,500 per month
  • May 26, 2022
Compare Grow BI Dashboard Vs. Gusto HR

Grow BI Dashboard is a Dashboard and KPIs software that allows businesses to prepare and store data, make and share unique insights, and build reports and amazing dashboards.


24. HRnet

  • Best for: SMBs
  • Price: starts at $995 per license
  • Jun 02, 2022
Compare HRnet Vs. Gusto HR

HRnet is a human resource software designed to help the Human Resource and Recruitment Managers to manage records of employees.


25. Valiant Human Resources

  • Best for: Medium and large size businesses
  • Price:
  • Jun 02, 2022
Compare Valiant Human Resources Vs. Gusto HR

Valiant Human Resources software is a cloud-based solution that is designed for hospitality and security industries. It offers a number of capabilities that include; an employee self-portal module that enables them to obtain their information through the reporting system.


26. Vena

  • Best for: Small, medium and large size businesses
  • Price:
  • Jul 06, 2022
Compare Vena Vs. Gusto HR

Vena Solutions is a Corporate Performance Management (CPM) software that helps corporate companies manage, organize, and support spreadsheet and spreadsheet based processes for consolidation, management, and reporting. The software can be used for financial budgeting, planning, and accounting proces...


27. Bonfyre

  • Best for: Medium and large size businesses
  • Price:
  • Sep 07, 2022
Compare Bonfyre Vs. Gusto HR

Bonfyre is a cloud-based human resources software that’s built to help organizations increase employee engagement while also leveraging on their capabilities. This tool handles all processes related to employee engagement, and this includes communications, events, and feedbacks.


28. Playlyfe Catalyst

  • Best for: SMBs
  • Price: starts at $5 per user/month
  • Apr 14, 2022
Compare Playlyfe Catalyst Vs. Gusto HR

Playlyfe Catalyst is a cloud-based sales productivity solution that is developed in such a way that it seamlessly integrates with the already existing CRM and other internal systems. With the software, a user is able to automate sales competitions as well as monitor the sales performance of various ...


29. Humi

  • Best for: SMBs
  • Price: starts at $3 per month
  • Sep 05, 2022
Compare Humi Vs. Gusto HR

Humi is a cloud-based human resources software that is designed to simplify all processes related to human resources in an organization. The tool makes payroll management extensively streamlined as users can seamlessly disburse funds with just a few clicks.


30. SentricHR

  • Best for: SMBs
  • Price: starts at $2 per employee/month
  • Oct 03, 2022
Compare SentricHR Vs. Gusto HR

SenricHR is a cloud-based human resources software that is built to aid organizations in the management and tracking of the administrative aspects of the organization and this includes talent management, recruiting and payroll management.


31. Fairsail HCM

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $10 per user/month
  • Dec 13, 2022
Compare Fairsail HCM Vs. Gusto HR

Sage people is a cloud-based software designed to assist in human resource management in companies with a huge workforce. The software works well in medium-sized companies and large-sized companies whose employees range from 200-10,000 in every industry.


32. Built for Teams

  • Best for: SMBs
  • Price: starts at $1 per month
  • Apr 24, 2022
Compare Built for Teams Vs. Gusto HR

Built for Teams is an award-winning cloud-based Human Resources software, it is designed to support small and medium size business. Built for Teams received a rating of 4.8 from ITQlick team. The software cost is considered affordable (1.1/5) when compared to alternative solutions.


33. PeopleHR

  • Best for: SMBs
  • Price: starts at $5 per employee/month
  • Dec 31, 2022
Compare PeopleHR Vs. Gusto HR

PeopleHR is a cloud-based human resource management software that is suitable for use in the business of all sizes from small business, medium-sized business, and large enterprises across various industries.


34. Honestly Employee Engagement

  • Best for: Medium and large size businesses
  • Price: starts at $3 per user/month
  • May 16, 2022
Compare Honestly Employee Engagement Vs. Gusto HR

Honestly Employee Engagement is a cloud based software solution that is built to help midsize and large businesses to measure the satisfaction levels employees. The software solution helps the business management team to run internal polls and surveys to understand employee concerns and work related...


35. SAS Visual Analytics

  • Best for: Medium and large size businesses
  • Price: starts at $8,000 per year
  • May 15, 2022
Compare SAS Visual Analytics Vs. Gusto HR

SAS Visual Analytics is a seamless business intelligence/BI software that facilitates visual exploration of data and its analytics that are vital to the growth of the company.


36. Cezanne Recruitment

  • Best for: Medium business
  • Price: starts at $2 per employee/month
  • Apr 26, 2022
Compare Cezanne Recruitment Vs. Gusto HR

Cezanna HR Software is a web based human resource management solution for businesses of all sizes. Its capabilities include recruitment management, people management, payroll integration, and others. The software was developed and launched by Cezanne HR Limited headquartered in London, United Kingdo...


37. Network Performance Monitor

  • Best for: Small, medium and large size businesses
  • Price: starts at $1,750 per license
  • Apr 25, 2022
Compare Network Performance Monitor Vs. Gusto HR

SolarWinds Network Performance Monitor is a network management and monitoring solution for businesses of all sizes. It offers such capabilities as resource management, real-time analytics, performance management, and others. The software was designed and launched by SolarWinds Worldwide LLC headquar...


38. Ameyo Engage

  • Best for: Small, medium and large size businesses
  • Price: starts at $40 per user/month
  • May 24, 2022
Compare Ameyo Engage Vs. Gusto HR

Win more customers and orchestrate seamless customer journeys with a cloud based contact center software that grows with you.


39. Employment Hero

  • Best for: Small, medium and large size businesses
  • Price: starts at $7 per employee/month
  • Apr 30, 2022
Compare Employment Hero Vs. Gusto HR

Employment Hero is a web based human resource management solution for businesses of all sizes. It offers such capabilities as payroll management, self-service portal, vacation and leave tracking, and others. The software was designed and launched by Employment Hero Pty Ltd headquartered in Sydney, A...


40. Skills Base

  • Best for: Small, medium and large size businesses
  • Price: starts at $1 per user/month
  • May 21, 2022
Compare Skills Base Vs. Gusto HR

Skills Base is a talent management software that helps organizations assess team members, track, record, and report skills.


41. GoCo

  • Best for: Small businesses and start ups
  • Price: starts at $5 per employee/month
  • Dec 28, 2022
Compare GoCo Vs. Gusto HR

GoCo is a modern cloud based human resource, payroll, and benefits solution built for small and medium sized businesses of between 20 200 employees. GoCos HR software helps organizations to automate the process of gathering necessary documents for the newly recruited talent, sign up hired candidates...


42. InfinityHR

  • Best for: Small, medium and large size businesses
  • Price: starts at $159 per month
  • Dec 13, 2022
Compare InfinityHR Vs. Gusto HR

Infinity HR is a cloud-based solution designed to help enterprises of all sizes manage their human resources easily and effectively. The software works well in small-sized business, medium-sized business and large-sized organizations.


43. PLEXIS Payer Platforms

  • Best for: Small, medium and large size businesses
  • Price:
  • May 21, 2022
Compare PLEXIS Payer Platforms Vs. Gusto HR

PLEXIS Payers is a cloud-based Claims Management software that assists Healthcare workers in processing claims and handling administration as it affects ROI.


44. ReportGarden

  • Best for: SMBs
  • Price: starts at $89 per month
  • May 22, 2022
Compare ReportGarden Vs. Gusto HR

ReportGarden is an award-winning cloud-based Analytics software, it is designed to support small and medium size business. ReportGarden received a rating of 4.4 from ITQlick team. The software cost is considered average (3/5) when compared to other solutions in their category.


45. Cleopatra Enterprise

  • Best for: Small, medium and large size businesses
  • Price: Has a free version
  • May 19, 2022
Compare Cleopatra Enterprise Vs. Gusto HR

Cleopatra Enterprise is a construction estimating software designed to help businesses manage the cost of projects.


46. Beekeeper

  • Best for: Small, medium and large size businesses
  • Price:
  • May 24, 2022
Compare Beekeeper Vs. Gusto HR

Beekeeper is a team collaboration software that improves communication among employees by providing internal communication tools for organizations.


47. HR Matrix

  • Best for: Small, medium and large size businesses
  • Price: starts at $4.49 per user/month
  • May 19, 2022
Compare HR Matrix Vs. Gusto HR

HR Matrix is a human resource management solution for businesses of all sizes. It offers assistance in HR consulting, recruiting management, employee relations management, and other domains. The software was developed and launched by HR Matrix LLC headquartered in California, United Stat...


48. Epicor Financial Management

  • Best for: Small, medium and large size businesses
  • Price: starts at $175 per user/month
  • May 17, 2022
Compare Epicor Financial Management Vs. Gusto HR

Epicor Financial Management Software is a cloud based software that streamlines and automates financial processes of organisations. It has a comprehensive suite of tools that support legislative requirements of companies by maintaining timely financial monitoring. General Ledger, Cash Management, Al...


49. INTUENDI

  • Best for: Small, medium and large size businesses
  • Price: starts at $699 per month
  • May 21, 2022
Compare INTUENDI Vs. Gusto HR

Intuendi is a supply chain software designed to help businesses stock the products their customers buy with accountability.


50. Informasoft

  • Best for: Medium and large size businesses
  • Price:
  • May 30, 2022
Compare Informasoft Vs. Gusto HR

Informasoft is a cloud-based human resources software that allows managers to field vacant positions and give accompanying descriptions.


51. Ajoft HRMS

  • Best for: Small, medium and large size businesses
  • Price: starts at $18.95 per month
  • Jun 12, 2022
Compare Ajoft HRMS Vs. Gusto HR

Ajoft HRMS software is part of an integrated HRMS, Lead Management System, Applicant Tracking System, Attendance Management and Payroll software SUITE for small and mid sized businesses. The software is available both on premise and on the cloud, as well as SaaS, and Web.


52. PeopleBookHR Software

  • Best for: SMBs
  • Price: Has a free version
  • Jun 12, 2022
Compare PeopleBookHR Software Vs. Gusto HR

PeopleBookHR is a human resources app designed to help organizations manage their HR from the stable of a reporting mechanism.


53. ELMO

  • Best for: Medium and large size businesses
  • Price:
  • Jun 14, 2022
Compare ELMO Vs. Gusto HR

ELMO is a learning management software designed as an integrated HR & Payroll platform to help businesses automate conventionally manual processes.


54. Replicon

  • Best for: Medium and large size businesses
  • Price: starts at $22 per user/month
  • Jun 12, 2022
Compare Replicon Vs. Gusto HR

Replicon is a cloud based TimeCost solution designed to helps organizations manage and track multiple projects activities concurrently. The users can maintain the productivity of the resource and allocate specific people different tasks. The users can enter time and expense against their current pro...



A Buyer's Guide to Performance Management Solutions

Business Performance Management Software Buyer’s Guide
 
Concrete knowledge about Balanced Scorecard, Key Performance Indicators (KPI) and Financial Management is an important driver of your business’s stability and growth. They are the fundamental tools that play important roles in managing the business overall performance. With focus on giving insightful recommendations on how to acquire and implement Business Performance Management software solutions, we at ITQlick.com would like to help you and your management team to become adept with the trends in this technology.
 
Business Performance Management (BPM) is different from Business Intelligence (BI). It would be appropriate to keep in mind that the first is under the umbrella of the second. Today, BPM software solution is an integral component of business for it is a system that aids in the execution of the financial functions of the organization. Current software solutions include forecasting, budgeting and planning functions, as well as graphical scorecards and dashboards that display and deliver business information. Also known as Corporate Performance Management (CPM) and Enterprise Performance Management (EPM), this is truly a worth investing financial management solution.
 
Types
Business Performance Management is an enterprise-wide solution. So basically, this will require a significant investment from any business owner. But once implemented strategically, it will also guarantee positive transformations in your business.
 
The types of BPM software solutions can be overwhelming to review if your sources of information are not as organize as they should be. With our best efforts from ITQlick.com, here are the three broad categories of BPM that can help you arrive on a better understanding of this software platform.
 
By Vendor Offer
 
Specialized– These are the solutions that offer one or more of the basic components of performance management such as budgeting, planning, modelling, financial consolidation, disclosure management, reporting, and dashboards.
 
Comprehensive– These solutions link the operations aspects of your business into finance. It provides basic financial components together with operational elements such as operational analytics for sales, HR, services, IT, operational planning, profitability analysis and optimization.
 
Extended– These solutions are offered as a component of more sophisticated systems like ERP and Business Intelligence. What makes it entirely different from the comprehensive type is that extended solutions not only offer more comprehensive applications but also enables further development or enhancement of these applications to better match the requirements of business.
 
By Depth of Functionality
 
Budgeting/Forecasting- These are the solutions that offer top-down and bottom-up budgeting, planning and forecasting.
 
Modeling/Strategic Planning– This solution offers more flexibility in terms of functionality. Aside from the built-in functions for business modelling, it is also capable of creating strategic plans in accordance with the business’ overall mission and goals.
 
Financial Consolidation– This solution consolidates or integrates all finance-related functional areas of business into a single system.
 
By Technology or Deployment Model
 
Cloud-based– Also referred to as “multi-tenant” solution, this platform is accessible via the public cloud.
 
Hosted– This is the on-premise solution that can be hosted on a private cloud.
 
Mobile– Most software solution today can be fully accessed via your mobile phones and devices.
 
Features
Many BPM solutions today contain a wide range of built-in tools and features. There are solution packages that are designed to suit special business requirements. There are also packages offered based on the depth-of-functionality and these solutions can be purchased either individually or as a completely assembled package. On top of that, be advised that the features which you need to examine in-depth in a BPM solution are grouped into three important software attributes, and they are as follows.
 
Configuration
  • Configurable Applications
  • Configurable Workflow
  • Customizable Fields and Forms
  • Availability of Formulas and Calculations
  • Application Program Interface and Integration
 
Reporting
  • Dashboards, Toolbars and Scorecards
  • Multiple Reporting Formats
  • Alerts and Notifications
  • Custom Calendars
  • Data Import and Export Functions
 
Administration
  • Data Security
  • Multiple Location Management
  • Mobile Functionality
  • Browser Compatibility
  • Culture/Region Adaptability and Language Translation
  • Task Management
  • Collaboration
 
Solutions per Business Size, per Vendor
Out of the many BPM solutions available in the market today, when it comes to selection, one thing is for sure; there is one solution that can truly bring your business into the peak of its performance.
 
Among of the established vendors that offer comprehensive to extended types of solutions are SAP, IBM and Oracle. These big three are well-known for on-premise solutions but they are also beginning to expand their breadth into the cloud. Adaptive Insights and Host Analytics are both global leaders in cloud Business Intelligence, Financial Management and CPM solutions. For SME market, Centage is among of the well-trusted providers of comprehensive solutions.
 
Other notable vendors are Longview, Tagetik, Axiom EPM, and Prophix. Their expertise revolves around Saas-based, hosted, and mobile-based solutions.
While industry leaders keep on introducing new features on their offered software products every 12 to 18 months, several solution providers are beginning to build their names by offering their unique solutions. Tidemark and Anaplan are both cloud-based providers of analytics and risk management solutions. Vena Solutions come up with a unique strategy by leveraging the power of Excel as a frontline solution.
Solutions providers that focus on their crafts are Compensation Resources, Inc., Halogen Software, and OpenSymmetry. They all offer specialized solutions for HR application but are also tied up to a more comprehensive financial system.
Whether you’re looking for single-application or solution with in-depth-functionality, one of the best companies to consult is ITQlick.com. Our services extend from recommending the right software solution up to identifying more business performance management solutions that buyers like you can personally review and compare together via our website.

Pricing Consideration
Business Performance Management software solution has truly gone beyond the traditional Balanced Scorecards method in terms of functionality and features that it offers. However, undergoing with the vendor selection process for this solution is undeniably an investment of time and energy. This is true especially when the budget of the company is aimed to be maximized. The good news is that this Buyer’s Guide can help you up to that extent – searching for the right solution base on your budget.
 
BPM solution has a real cost. What is meant by that is it’s not only about the price of the license that matters. There are three more factors that add up to the total cost of owning BPM solution and they are listed below.
 
Cost of Software License
Software licensing is basically the greatest contributor in the total cost. It is based on the product, number of instances/functions, options, number of users and level of access, and duration of contract (for subscription-based solutions). Roughly, a significant investment of $5,000 to $10,000 per license is required for enterprise/extended solutions.
 
Cost of hardware and software required to operate BPM
This cost is applicable to On-premise solutions wherein management servers and IT infrastructure are required for the deployment. On estimate, the cost of a large server (16 core, 32GB, 4TB disk) is around $15,000. This is cut into half for medium-size servers. Your IT team and the solution provider must closely discuss these technical requirements prior to deployment.
 
Cost of Deployment and Instrumentation
Deployment and instrumentation often requires the services of a team of consultants. SaaS-based solutions usually don’t include deployment cost, but only on-premise solutions. Paying a technical consultant at $1,000 to $2,000 per day is really something to consider.
 
Cost of On-going Maintenance
A good way to calculate on-going maintenance cost is by checking your overall infrastructure. Having one management server and several databases will cost you lower than having multiple servers around.
 
Market Trends

The slow adoption of BPM by many companies in the past years has been an on-going challenge still for many solution providers today. However, the good development is that many CFOs today are beginning to show their confidence over the new innovations in BPM that are being introduced by new players.  SaaS is one of those innovations that keep on convincing companies from the SME sector to launch their investment on BPM software solutions. Moreover, cloud-based solution is becoming more and more popular and this is projected to continue within the next 3 to 5 years.

Another feature that attracts many CFOs and even financial managers from various business units is the continuously upgrading mobile capability of BPM software solution. This allows finance managers to create budgets and forecasts even while on the go.
Overall, Business Performance Management is bringing big transformations to many forward-thinkers organizations. This is an encouragement that your search for the right BPM solution should be taken more positively. Start assessing your business requirements and try to bring the more innovative features of BPM solution into your organization today.

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2023 best Performance Management Software | ITQlick.com
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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.