What does CPM stand for in NetSuite?

In the context of NetSuite, CPM stands for Corporate Performance Management. This term encompasses the processes and systems that organizations implement to manage and analyze the performance of their business. Corporate Performance Management focuses on aligning business strategies with operational performance, facilitating efficient reporting, analysis, and governance within the corporation.

CPM typically involves tools and methodologies for budgeting, forecasting, financial reporting, and performance analysis. By using CPM solutions, businesses can gain insights into their operational effectiveness and make informed strategic decisions based on data.

The other terms, while they may represent valid concepts in other contexts, do not accurately describe what CPM refers to within the framework of NetSuite. For example, cost performance management is more focused on cost control processes, comprehensive portfolio management is likely to relate more to asset or project portfolio management, and customer performance metrics could be viewed as a narrower scope focusing on customer relationship aspects rather than the holistic performance management encapsulated by the term Corporate Performance Management.