Top 10 EPM Software for Financial Forecasting, Budgeting and Analytics in 2024

Choosing the wrong enterprise performance management (EPM) software means your team will spend months implementing a system, only to discover it doesn’t fully integrate with your current tools.

Data will not sync properly, workflows will be disrupted, and employees will have a complex, unintuitive interface. Instead of improving performance, you will be stuck in delays and troubleshooting.

Choosing the right EPM software from the start can easily avoid this costly mistake. The right solution will not only integrate smoothly into your existing systems but also deliver real-time insights, streamline operations, and support long-term growth.

To ensure you make the right choice, look for EPM software with these key features:

• Syncs effortlessly with your current ERP, CRM, and other business systems
• Offers an intuitive design that makes adoption easy for all team members
• Provides up-to-date reporting for quicker, data-driven decision-making
• Grows with your business and adapts to evolving needs
• Includes features for budgeting, forecasting, and scenario analysis

In this article, we will look at the best enterprise performance management software to help you choose the right solution for your business. 

Top 10 Enterprise Performance Management Software in 2024

Here’s an overview of top EPM software solutions in 2024: 

1. Limelight- The Cloud FP&A Software 

Limelight is an intuitive, no-code FP&A software with robust EPM capabilities designed for easy adoption by teams of varying technical skill levels. 

With its user-friendly interface, Limelight enables organizations to streamline financial planning, budgeting, and forecasting without the need for extensive coding knowledge. It integrates seamlessly with various ERP, CRM, and HR systems, ensuring that teams can access updated, relevant data in real-time. 

So, for teams looking for ease of use and integration, Limelight stands out as a practical solution.

Limelight Key Features

• Modeling – Enables advanced financial modeling with an intuitive, no-code platform that consolidates data, organizes hierarchies, and runs what-if scenarios for better decision-making
• Planning and forecasting  – Facilitates flexible planning and forecasting by supporting top-down, bottom-up, and driver-based budgeting models, as well as rolling forecasts and variance analysis
• Workforce Planning – Centralizes hiring plans, automating calculations, and providing on-demand reporting for headcount and labor cost management
• Reporting – Supports comprehensive reporting with real-time insights, customizable and interactive reports, and automated report generation
• Dashboards – Offers customizable dashboards with interactive visualizations, real-time data updates, and collaboration features to track key metrics and performance indicators

Limelight Pros

• Flexible modeling and real-time ad-hoc reporting through a simple interface, avoiding the need for external support
• Strong focus on user experience and intuitive design
• Real-time data updates from your ERPs, HRIS, CRMs

Limelight Cons

• The workforce planning module is complex but invaluable, with responsive support aiding in setup and user challenges 

Limelight Pricing 

You can start with as few as 5 users for $1,400 per month, after which you can get a custom quote based on your needs and scale.

2. Anaplan

Anaplan is a cloud-based FP&A platform known for its strength in connected planning and delivering real-time insights across finance, operations, and sales. 

Its ability to unify business planning across departments helps organizations respond quickly to changes with dynamic, cloud-based modeling capabilities. Its advanced analytics, scenario modeling, and flexible customization options make it a suitable option for businesses looking to enhance agility in their decision-making processes. 

However, Anaplan’s high cost makes it unfavorable for smaller organizations or those with tighter budgets. Its premium features cater well to large enterprises with complex planning needs.

Anaplan Key Features

• Enables advanced modeling to create detailed and interconnected financial and operational models, facilitating complex scenario analysis and strategic planning
• Provides predictive insights by connecting enterprise and market data at scale to deliver actionable planning insights
• Supports real-time scenario analysis, allowing users to quickly assess the impact of different business scenarios and make adjustments as needed
• Offers dynamic collaboration tools to enhance teamwork, enabling stakeholders to collaborate seamlessly within the platform and integrate diverse inputs into the planning process

Anaplan Pros

• Extremely customizable, allowing for the creation of complex models 
• Integrates well with other enterprise systems, ideal for large, complex organizations 

Cons

• Lengthy implementation times, sometimes stretching from weeks to over a year 
• Customizations are challenging for non-technical users and require costly consultants 
• Reporting performance is slow, especially for large datasets or complex models 
• Limited report and dashboard customization options 
• Integration requires technical expertise, complicating the process  

Anaplan Pricing 

Not available online, contact the Anaplan sales team. 

3. Jedox

Jedox offers a hybrid solution, combining the familiarity of an Excel-like interface with advanced EPM capabilities for budgeting, planning, and forecasting. 

Jedox’s ability to integrate with existing data structures appeals to companies that prefer working in Excel but need more powerful tools for automation and analytics. It is highly customizable, allowing them to tailor it to their specific needs. 

However, this customization is complex and requires technical expertise to fully optimize the solution. For users comfortable with Excel but seeking an EPM upgrade, Jedox offers a smooth transition to more advanced functionalities.  

Jedox Key Features

• Automates financial planning and analysis processes with pre-configured templates and seamless data integration
• Leverages pre-built and customizable financial models for P&L, cost center, cash flow, and balance sheet management
• Integrates existing financial models from Excel using Jedox's extensive connectors and ETL tool
• Facilitates user adoption with a familiar Excel-like interface and an intuitive, drag-and-drop tool for customized dashboards
• Guides implementation with step-by-step configuration and support from Jedox consultants to ensure a smooth rollout

Jedox Pros

• Flexible with large datasets and easy to modify; enables you to connect Jedox with SQL databases and also make input files in Excel and upload it in Jedox 
• Quick and effective customer service 

Jedox Cons

• Frequent bugs and a complicated rule editor. Features like moving dimensions in reports are challenging and sometimes fail.  
• Significant training is required for administrators and users to fully utilize the platform, which is time-consuming and resource-intensive 

Jedox Pricing

Jedox offers four main subscription plans:

• Essential: Basic features for small businesses
• Business: Includes Jedox Basic Models and allows for additional user types (Full Users, Planners, Viewers). Optional add-ons include premium models, ERP/CRM connectors, and performance upgrades.
• Professional: Adds premium features such as advanced security, test systems, and Jedox AIssisted Planning and Forecasting
• Performance: Designed for large-scale deployments with high performance for complex planning models and many concurrent users

4. Datarails

Datarails enhances Excel by automating and improving financial planning processes while keeping the familiarity of Excel’s interface intact. Its strong automation capabilities help finance teams streamline workflows, from budgeting and forecasting to reporting, without abandoning the widely used Excel platform. 

Related Reads: Top 10 Business Budgeting Software for Startups, SMBs, and Enterprises in 2024

However, Datarails has limited integration with non-Excel systems, restricting companies looking for broader system connectivity. For businesses seeking to improve efficiency without moving away from Excel, Datarails offers a valuable, easy-to-use solution.

Datarails Features

• Streamlines consolidation for accurate and efficient financial data aggregation across various sources
• Facilitates financial reporting and monthly close by automating data capture and standardizing the process to ensure timely and accurate financial statements
• Enables planning, budgeting, and forecasting with the ability to collaborate 
• Supports analysis and scenario modeling to identify the key trends and drivers that trigger growth
• Offers data visualization to create interactive and insightful visual representations of financial data, enhancing understanding and decision-making

Datarails Pros

• Easy to use and navigate, making it user-friendly for most teams
• The DataRails team is very responsive and helpful 
• The implementation process is quick and easy 

Datarails Cons

• Lacks proper access control options, leading to potential security concerns
• Exporting large data volumes and integrating with BI tools like Tableau is not smooth
• Permission settings are time-consuming and difficult to manage, lacking easy version-locking features 

Datarails Pricing 

Datarails pricing is customized based on the specific needs of the business, contact sales team for a quote. 

5. Pigment

Pigment is a collaborative planning tool that facilitates easy-to-use, real-time financial planning and analysis. Its user-friendly interface provides businesses with an intuitive way to handle data visualization, scenario modeling, and forecasting. Its collaborative environment ensures that teams can interact in real-time, driving more informed decision-making. 

However, as a newer entrant to the EPM market, Pigment lacks the maturity of older, more established competitors, but it continues to build a reputation for its simplicity and strong collaboration features. It’s a compelling option for organizations looking to modernize their planning processes with an easy learning curve.

Pigment Features

• Enables budget planning and forecasting with granular access rights and what-if scenario 
• Supports comprehensive financial statements, including P&L, cash flow, and balance sheet, for complete financial visibility
• Facilitates headcount planning with automated data imports and end-to-end workflows to visualize and model any hierarchy of your organization
• Offers sales forecasting and capacity planning tools to align sales strategies with business goals
• Provides ESG performance tracking to monitor and manage environmental, social, and governance metrics

Pigment Pros

• Offers fast and efficient support for technical and operational issues 
• Regular updates and new features keep the platform innovative and useful 

Pigment Cons

• End users familiar with simpler tools like Excel may find Pigment's range of features challenging 
• Some users find it challenging to use, especially when designing boards and charts 

Pigment Pricing

Pigment offers three pricing plans, but specific details are not publicly available. 

6. Oracle EPM Cloud

Oracle EPM Cloud offers a comprehensive suite of tools designed for large enterprises to manage budgeting, forecasting, and financial reporting. It offers powerful tools for managing complex business processes and extensive reporting capabilities, making it ideal for enterprises with diverse needs. 

However, the platform’s high cost is a barrier for smaller businesses or organizations with limited budgets. Nonetheless, Oracle remains a top contender for companies seeking enterprise-grade EPM solutions.

Oracle EPM Features

• Provides comprehensive tools for detailed budgeting, forecasting, and multi-year projections
• Analyzes profitability and cost management to optimize financial performance
• Automates the reconciliation process to ensure accuracy and compliance
• Integrates tax reporting with financial planning to streamline tax processes
• Enables advanced scenario modeling to test various business strategies and predict their impact on financial outcomes

Oracle EPM Pros

• Integrates effortlessly with other Oracle products, providing a cohesive ecosystem for streamlined workflows and data sharing 
• Offers the ability to create highly customizable models tailored to specific business needs, giving users full control over planning and forecasting processes
• Equipped with a powerful calculation engine that can handle complex financial scenarios, ensuring precise data processing and accurate results

Oracle EPM Cons

• The system is challenging to navigate, with a need for more in-depth training sessions 
• Oracle Cloud subscription services only accept credit cards, with no debit card or prepaid options available
• Tax reporting features are split into multiple tabs, which creates confusion during implementation 
• Reports and data retrieval is slow 

Oracle EPM Pricing 

The cost varies significantly depending on the modules and features required. Contact Oracle directly for a detailed and tailored quote.

7. Onestream

OneStream is a unified enterprise performance management platform consolidating multiple EPM processes, such as financial planning, reporting, and analytics, into a single solution. 

However, this comprehensive feature set also contributes to a steep learning curve. 

OneStream Features

• Integrates financial close, consolidation, planning, budgeting, forecasting, reporting, and analytics into a single, extensible solution
• Allows flexible management of metadata at different levels of detail, ensuring accuracy and traceability in financial reporting
• Offers a variety of downloadable and configurable solutions to extend OneStream’s capabilities, including account reconciliations, people planning, and capital planning
• Leverages advanced analytics and machine learning to enhance business processes without the need for data scientists

OneStream Pros

• Regular updates keep the platform aligned with new technologies and changing financial requirements 
• Responsive implementation team and additional training opportunities to enhance user experience 
• Efficiently handles large amounts of data for fast financial analysis and reporting 

Related Reads: 10 Best Financial Analysis Software in 2025 for Your FP&A Team

OneStream Cons

• Some features, like extendable dimensionality, are difficult to grasp, even with available training
• Saving offline copies is slow and impacts productivity 

OneStream Pricing

OneStream’s pricing starts at around $150,000, which is based on usage, meaning costs vary depending on the specific needs and scale of the business. 

There is no free trial or free version available, so you have to contact OneStream directly for a detailed and customized quote.

8. Workday Adaptive Planning

Adaptive (Workday Adaptive Planning) is a cloud-based EPM solution known for its user-friendly interface and flexibility in budgeting, forecasting, and financial reporting. The platform is designed to help teams quickly adapt to changes in business conditions with real-time planning and modeling capabilities. It allows organizations to plan more effectively across finance, operations, and HR. 

However, users have reported performance issues when working with large datasets, which slows down planning and analysis processes. Despite this, Workday remains a popular choice for businesses seeking an accessible EPM tool focusing on ease of use. 

Adaptive Key Features

• Offers comprehensive financial planning tools to create detailed budgets, forecasts, and multi-year projections
• Enables advanced scenario modeling to test various business strategies and predict their impact on financial outcomes
• Facilitates workforce planning by integrating labor cost forecasts and headcount management with overall financial plans, aligning talent needs with business goals
• Automates data consolidation from multiple sources and systems, ensuring accurate and consistent financial reporting while minimizing manual data entry
• Provides customizable reporting and visualization capabilities, allowing users to design interactive dashboards and detailed reports that offer clear insights into financial performance

Adaptive Pros

• Intuitive interface with strong data integration support 
• Offers customization flexibility for creating structures, custom accounts, and cost drivers 

Adaptive Cons

• Complex setup and configuration require thorough training and expertise 
• Requires the help of consultants to set up the software in the absence of a step-by-step guide 
• Reporting interface has limited formatting options, requiring Excel add-ons for stricter formatting needs 

Adaptive Pricing 

Workday Adaptive Planning offers two plans — 

1. Workday Adaptive Planning — IIntegration with any ERP or GL, unlimited versions, and unlimited what-if scenarios
2. Workday Adaptive Planning & Consolidation — All features of Workday Adaptive Planning plus consolidation capabilities, integration with any ERP or GL, and unlimited what-if scenarios

The basic plan comes with a 30-day free trial, and you can request a quote for either option based on your requirements.

9. Vena

Vena leverages the familiarity of Excel to deliver a powerful EPM solution for budgeting, planning, and reporting. With its Excel-based interface, Vena allows users to perform complex financial tasks without having to learn a new platform. It offers advanced automation features, making it easier to manage large amounts of data and generate reports quickly. 

However, Vena’s heavy reliance on Excel is limiting for users looking for a more modern, web-based solution. For organizations that want to stick with Excel but need enhanced EPM capabilities, Vena offers a practical and familiar solution.

Vena Key Features

• Enables comprehensive budgeting and forecasting to streamline financial planning and enhance accuracy
• Supports detailed capex planning for managing and optimizing capital investments
• Facilitates workforce planning by integrating labor cost management with financial plans
• Offers advanced scenario planning tools to model and analyze various business scenarios
• Supports rolling forecasts to provide continuous updates based on real-time data

Vena Pros

• Familiar Excel environment reduces training needs 
• User-friendly interface with strong customer support 

Cons

• Scalability challenges, particularly with adding new dimensions or making system changes 
• Adjustments after setup are time-consuming and expensive 
• Excel-based reporting leads to computational inefficiencies for large datasets 
• Slower performance with advanced reporting needs 

Vena Pricing

Vena Solutions has two plans — Professional and Complete. 

The Complete plan includes all the features of the Professional plan, such as full Microsoft Excel integration and reporting and analytics, along with additional features like Vena Insights premium support. You can request a custom quote for each plan.

Get more details about each Vena pricing plan here. 

10. Prophix

Prophix is an integrated platform for budgeting, planning, and financial consolidation designed to simplify complex financial processes. Its strong automation and reporting capabilities help businesses streamline workflows and enhance the accuracy of their financial data. 

However, users find the interface outdated compared to more modern EPM solutions (like Oracle EPM Cloud, Pigment, and OneStream), which affects user experience.  It’s an ideal solution for mid-sized businesses looking to move beyond manual financial processes.

Prophix Key Features

• Enables comprehensive financial planning and analysis with tools for budgeting, forecasting, and cash flow management
• Facilitates integrated business planning by aligning financial and operational plans across various departments and business units
• Supports detailed budgeting and planning processes with flexible models 
• Provides advanced financial forecasting tools to generate accurate and dynamic financial projections
• Streamlines workforce planning by integrating labor cost management and headcount planning into the overall financial strategy

Prophix Pros

• Easy to use, easy to learn, and doesn't need IT to be involved heavily for implementation  
• Supports all Excel formulas and offers a user-friendly structure, making it easy for both advanced users and beginners to transition from Excel 
• Enables merging of diverse data sets into a unified view through its Data Integration Studio, enhancing planning and analysis capabilities 

Prophix Cons

• Migration from other systems requires careful planning, especially with complex financial structures 
• Dashboard formatting and complex report building are not as advanced as other tools 
• More complex integrations require additional setup effort 

Prophix Pricing 

Prophix’s pricing is not publicly available. 

Implementing a Successful EPM Solution

When finance, operations, and other departments collaborate, they create a comprehensive view of performance that facilitates better decision-making. However, many EPM solutions complicate this collaboration with a steep learning curve.

Excel-based solutions, in particular, are challenging to manage due to versioning issues and limited real-time interaction. These difficulties create silos, preventing teams from working with the most current information.

Limelight effectively addresses these collaboration challenges by integrating with a wide range of CRM, HRIS, and ERP systems, ensuring updated data is always available. With built-in security, version control, and commenting features, Limelight enables teams to work together seamlessly and securely, enhancing communication and ensuring everyone is aligned.

Enterprise performance management doesn’t have to be a struggle—book a demo to discover how Limelight can transform your EPM experience!