Published 2 May 2023

The 7 Best Business Performance Management Software of 2023

manager presents the company's business performance

What is a Business Performance Management Software Used For?

Business performance management is key to your organization’s success. Tracking KPIs, general employee performance, and areas of improvement, however, is a really complex process. That’s why organizations can greatly benefit from using a business performance management software, a digital tool specifically designed to streamline performance management in an organization.

Importance

Business performance management is crucial in improving your organization and taking the company to the next level. It’s essential for companies to always monitor their performance and make improvements when necessary. However, if you do everything manually, you’re going to deal with a lot of paper and redundancy. On top of that, you’ll end up losing a lot of time and resources when you approach performance management traditionally.

This is why business performance management software is crucial in today’s environment. With these tools, business performance management will be easier and faster. That way, you save time and resources while still ensuring that the company has effective business performance management processes.

To streamline business performance management in your organization, it’s crucial to find the right tool for your needs. And since there are so many tools available right now, you need to take the time to analyze each option and decide which one fits your company.

Choosing the Right Business Performance Management Software

Knowing the best options on the market isn’t enough for businesses. It’s also important that your business performance management software fits your company’s specific needs. This is why comparing all the options against each other is crucial. So, here’s a quick comparison table of all the software we featured above.

App Name Free Version Paid Plan Mobile App
SafetyCulture Yes $24/user/month* Yes
Namely No Custom Yes
Lattice No $11/user/month* No
Workday HCM No Custom Yes
Planful No Custom No
15Five No $4/user/month* Yes
Leapsome No $8/user/month* No

* billed annually

Leon

SafetyCulture staff writer

Leon Altomonte

Leon Altomonte is a content contributor for SafetyCulture. He got into content writing while taking up a language degree and has written copy for various web pages and blogs. Aside from working as a freelance writer, Leon is also a musician who spends most of his free time playing gigs and at the studio.

Leon Altomonte is a content contributor for SafetyCulture. He got into content writing while taking up a language degree and has written copy for various web pages and blogs. Aside from working as a freelance writer, Leon is also a musician who spends most of his free time playing gigs and at the studio.