Enterprise Performance Management (EPM)
During a time where everything moves faster and faster (see nextgen AI), it's already difficult to determine the best way forward when it comes to reporting and optimizing data & processes. Of course, it's no different in the world of performance management.
Customers' processes and platforms are fragmented and time-consuming, yet today's technology makes it possible to optimize them. For this, they need a specialized partner, and that's where we come in.
HOURS PER YEAR
are dedicated by managers to performance activities.
OF COMPANIES DECLARE
that their current performance processes are not effective.
budgeting, project delivery, improved forecasting and assurance.
But why Enterprise Performance Management (EPM)?
As CFO or head of a finance department, you're often faced with a department riddled with a multitude of tools and manual labour. The result? An enormous waste of time and resources to retrieve and prepare data for accurate forecasting, budgeting and consolidation. Your department deserves better!
So what's the solution?
There is no single answer to this question. That's why it's essential that we start working together on a solution that not only prepares your company for the future but, at the same time, tackles today's problems. Where we try to make a difference is by implementing this new strategy, these new tools, with minimal impact on day-to-day operations and processes. So you can innovate while continuing to manage your business with total security.
We're talking optimization!
But optimization must always be done responsibly, sustainably and securely. This is where a good EPM strategy and the right choice of tool(s) can really make a big difference to your finance department.
There's no reason to waste time and resources on a cumbersome, fragmented system. Switch to an optimized process that offers plenty of scope for future expansion. As such, the platform must be able to respond to the latest innovations, including AI while solving current challenges.
With Enterprise Performance Management (EPM) software, companies can align strategy with business execution. The technology uses data generated by systems, processes and activities throughout the organization. The resulting analyses help to identify business drivers in order to develop new business perspectives and take swift action or decisions.
EPM(Enterprise Performance Management) systems can be deployed on site, as has long been the case in the industry. But EPM solutions can also be deployed in the cloud, as the latest implementations show that many organizations are increasingly choosing cloud-based solutions.
The CPM is a process-oriented platform, where the activity is driven by the finance department, with ramifications in all possible departments of the company. Statutory management and consolidation are the responsibility of finance. The history of budgeting and forecasting may remain within Finance (FP&A - financial planning and analysis) and certain key departments (e.g. HR for HR planning), or may be transferred to XP&A.
The main difference is that CPM (Corporate Performance Management) focuses specifically on the application of enterprise-wide performance management for finance teams, while EPM (Enterprise Performance Management) looks at the performance of the whole company, beyond finance departments, for sales, human resources (HR), marketing, etc., for example.
The role of CPM in the field of Business Intelligence (BI) is often a source of confusion. It is in fact a subset of BI, which monitors and manages a company's performance on the basis of "financial" key performance indicators such as sales, return on investment (ROI), overheads and operating costs. As such, it relies on the data provided by BI, since the end product of BI systems are metrics and dashboards, which are in themselves the starting point of the CPM process.
XP&A is a planning approach that takes the best financial planning and analysis (FP&A) capabilities, such as continuous planning, forecasting, advanced analysis and performance monitoring, and extends them to the entire enterprise. XP&A goes further than FP&A. It takes into account other parameters not included in a financial report, such as operational readiness, customer satisfaction, employee commitment, customer turnover and new customer acquisition.
In addition to support, Micropole follows the client step by step in the design and alignment of its strategy and processes with the chosen tools and takes care of their integration into the overall business architecture.