However, some organizations fall into the trap of selecting an EPM solution that only meets their immediate needs and doesn’t support future requirements. By thinking about current and future needs when evaluating and selecting EPM solutions, organizations can avoid costly replacements and get a higher ROI from their EPM
Is your organization still plagued by a long, detailed, and painful annual budgeting process? Do you spend most of the year explaining variances against a budget that was obsolete shortly after it was approved? If your answer to these questions is “yes,” then it may be time to embrace the concept of “continuous planning.”
This was the focus of a recent webinar sponsored by Host Analytics titled “Continuous Dynamic Planning: The
Read on to learn about the benefits of EPM software and the top 3 reasons EPM is moving to the cloud.
What Is EPM?
Enterprise performance management (EPM) is a process and software system designed to help organizations (i.e., companies, government entities, educational institutions, and non-profits)
Need a refresher on the major differences? Here’s a quick breakdown, including how companies use the deliverables of both, together, to drive improved performance.
Differences in Audiences, Content, and Frequency
Financial reporting is focused on the disclosure of financial results and related information to internal and external stakeholders about how a company is performing over a specific period of time. Financial reports are usually issued on a quarterly and annual
Will your organization be slogging through a long, detailed budgeting process? Are you still managing the business based on static budgets that are obsolete soon after approval? Or are you ready to embrace “continuous planning”?
This will be the focus of an upcoming August 10th webinar sponsored by Host Analytics titled “Continuous Dynamic Planning: The CFO’s 2018 Mandate.”
It’s not too late to change! Don’t let your 2018 budget be a
Purpose-built EPM applications for budgeting and planning include workflow, process management, and other pre-built functionality designed to streamline budgeting, planning, and forecasting.
And for many organizations, financial consolidation is often viewed as a separate process and system that may be required when the reporting requirements become more complex. This can include consolidating financial results from multiple systems