Enterprise Performance Management (EPM)

EPM, in its full form, stands for Enterprise Performance Management. EPM encompasses the processes of planning, measuring and optimizing business results for enterprise organizations.

EPM includes the following management processes:

Budgeting, planning, forecasting and modeling
Consolidating results and closing the books on a periodic basis
Reporting results to internal and external stakeholders
Analyzing performance vs. plan, prior years, across divisions or products

Business Benefits of EPM Software

Each generation of EPM software has brought new benefits to users and organizations. Spreadsheets helped accounting and Finance staff speed the process of capturing, recording, and calculating data. Then email made it easier to share that data. Packaged EPM software helps organizations increase efficiency by eliminating or augmenting spreadsheets, and improving planning and reporting processes through centralized databases, workflow, and process control. This helps drive accountability across the enterprise by aligning strategic, financial, and operational goals, broadening budgeting participants, and empowering managers with more timely information.