Capterra Glossary
Corporate Financial Planning Applications
Corporate financial planning applications are software apps used in business performance management and strategy planning. These apps are sometimes called strategic corporate planning management (SCPM) solutions. SCPM apps vary greatly in their focus. Some assist only the needs of the finance department, focusing solely on money matters, while others provide planning support and resources across all areas of business, from risk management to sales strategy. Corporate financial planning helps business leaders and managers create meaningful plans based on business goals or an overall business vision. It may use data integration, forecasting, analytics, or business intelligence tools to do this.
What Small and Midsize Businesses Need to Know About Corporate Financial Planning Applications
SMBs deal with ever-increasing volumes of data from multiple sources. Corporate financial planning applications can help manage this data more easily, offering profit-boosting insights without the need to hire expensive experts.
Related Terms
- Compound Annual Growth Rate (CAGR)
- Financial Planning and Analysis (FP&A)
- Selling General and Administrative (SG&A) Expenses
- Hedge Fund
- Gateway
- Record to Report (R2R)
- ROIT (Return on Information Technology)
- Chief Revenue Officer (CRO)
- SAC (Subscriber Acquisition Cost)
- ROE (Return on Equity)
- Tokenization
- Net Present Value
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling