Today's reality means that successful companies has to keep up with the changes introduced by new technologies. Digital Transformation can offer new opportunities for companies to seize.

Through a good use of data it is possible to increase the value of your company. The best way to do this is to adopt EPM solutions as an integration to your management information systems.

Every business process regarding performance management can be incorporated and Business Analytics performed on it.

Some of the benefits from having a well implemented EPM solution are:

• Business Data processing in a planning system

Integration of all business data coming from different applications in use, for example your ERP, CRM, Cash Management system etc.

Planning processes can be developed for all business units, creating an integrated management reporting system.

• Integration between different Business Units 

Through EPM, all business units can have an overview of the different strategies adopted, thus improving the data management of individual business units, reducing processing, analysis and reporting time, but improving accuracy.

• Real-time and concrete data

Having correct data may seem like a given, but in reality, it is not. In fact, many companies using Excel as the sole tool for their processes run the risk of making manual errors that result in wasted energy and resources. The use of EPM software reduces the chances of error by providing concrete real-time data that is loaded directly from the company's management system. It eliminates the need to recreate data in different systems and locations.  The automation of loading data and reporting in it, results in huge time-savings, allowing your analysts and management to focus on analysis and decision-making, rather than manual data processing.

• Versatility of the EPM tool

EPM software has proven to be extremely versatile as it can support the business decision-making process and become an integral part of it. For example, budgeting and forecasting in an EPM solution provides you with the ability to capture and have a real-time view of the deviation between actual and forecasted data. 

• Secure access to environments

Within a company, it is common that not every resource should have access to the data of all business areas. Thanks to an EPM solution, it has become possible to control the access so every individual has exactly the rights appropriate to them.

Thanks to the dynamic and systematic collection of financial and operational results uploaded by EPM software, it is possible to facilitate immediate and efficient decision making on a weekly, monthly, quarterly and annual basis.

EPM software can support CEOs in setting initial targets and developing budgets and CFOs in organising the planning process within the company according to the guidelines defined during strategic planning.

EPM solutions don't just help the CFO, they support many other departments such as Marketing, IT and Human Resources in all their operational planning, budgeting and reporting activities.

These are just a few of the benefits that an EPM solution can bring to a company, but potentially every company would benefit from the help offered by an EPM software implementation.