This report examines the fundamental challenges faced when managing EPM processes and the solutions best companies have taken with an EPM cloud suite to improve their performance and process capabilities.
The pace of business change and growing competition have set the bar higher, and companies are under constant pressure to provide better, faster information for improved decision- making. Specifically, it is the finance, accounting, and operations teams who must pull data from multiple sources across the enterprise, analyze it, and provide insights to support forecasting, planning, closing, and reporting. When combined, we refer to these financial processes as Enterprise Performance Management (EPM). Designed to work with a single (or multiple) ERP system, an EPM solution helps business leaders optimize performance by making sense of the numbers, executing on strategy, and making changes when needed.
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