Enterprise Performance Management

EPM for operational planning, budgeting, and reporting is primarily used by CFOs and the office of finance, while other functional areas, such as sales, marketing, and IT, use it for operational planning, budgeting, and reporting. It allows organizations to analyze, understand, and plan strategically for their operations through data analytics, reporting, and forecast modeling.

By taking advantage of an EPM solution, you can determine how, when, and where to respond to disruptions. In a changing regulatory environment, it's imperative that you adapt quickly to new requirements and quickly deliver accurate insights to all stakeholders. Typically, companies use EPM to manage the financial area. Additionally, EPM solutions have become increasingly useful for sales, HR, marketing, supply chain, finance, IT, and other functions.

Solutions for enterprise performance management (EPM) are intended to assist businesses with all aspects of planning, budgeting, forecasting, reporting, and analytics. EPM solutions provide accurate, comprehensive data on which to base strategic decisions, help improve governance compliance, and comply with accounting standards by applying nuances such as top-down or bottom-up budgeting, allocations based on driving factors, and consolidations as necessary.

Having an EPM allows you to integrate data from multiple sources into one platform and make connected decisions based on this data. With solutions such as Anaplan, you can easily integrate data through Connectors, APIs, Anaplan Hyperconnect, etc. for seamless integration.

Indeed, the capability of an EPM system to capture best practices is absolutely essential. Project management best practices are stored in a library that is part of a knowledge repository that includes both business-related and project management best practices.