So what’s the difference between an ERP system and an EPM system? What business problems do they solve? Why do you need both? How do they work together?
ERP – Optimized for Transaction Processing
Let’s start with ERP systems. Although the name makes it sound like a system that’s optimized for planning, in reality, an ERP system is designed and optimized for back-office
Enterprise Performance Management (EPM) and Enterprise Resource Planning (ERP) systems can help to facilitate business processes by enabling you to manage and automate many business tasks from a single, consolidated software application. In turn, not only will your business achieve greater efficiency, but you can enhance business performance and the accuracy of planning and reporting.
How Do EPM and ERP Systems Work?
While on the surface it may sound like these software systems overlap in terms of features and functionality, these are entirely separate types of systems. Which is most useful? Which is easier to implement? Which will deliver the most value for the expenditures of time, money, and effort? Defining and Describing Enterprise Resource Planning
ERP is focused on transactional processing and coordinating