Enterprise Performance Management (EPM) comprises the processes and systems for monitoring and improving company performance. It includes strategic planning, budgeting, forecasting, consolidation, reporting and performance monitoring.
The main components of EPM are
Strategic planning: setting and tracking corporate goals.
Budgeting and forecasting: financial planning and forecasting.
Consolidation and reporting: consolidating financial data and creating reports.
Performance monitoring: Tracking KPIs and other key performance indicators.
Analysis and decision making: Analyzing data to support decision-making.
Benefits of EPM:
Transparency and control: improved visibility of financial and operational processes.
Increased efficiency: Automated processes and integrated systems.
Better decision making: Informed decisions through accurate data analysis.
Target achievement: Achievement of company targets through continuous monitoring.
