Today’s competitive global marketplace demands enterprise managers seek out the most efficient alignment of enterprise resources to critical business activities. Enterprise Performance Management applications help organizations extract value from existing business data, and gain an edge with data analytics-based process monitoring solutions.
EPM provides companies with a number of information-based perspectives on enterprise data. This information visibility offers insight to senior executives, enabling more robust and historically sound planning for future business strategies. These business strategies enable consistent and successful execution of business processes, while producing measurable results for continued analysis and improvement.
In other words, EPM is:
Information generated in the analytics and forecasting processes enables executive managers to set strategic goals and real-world objectives for the enterprise to pursue.
With timely data analytics, historically sound forecasting, informed planning, and active project monitoring, initiatives see fewer delays and higher rates of success.
Active process visibility helps project managers keep tabs on detailed project costs, while executives can view aggregate enterprise activity.
EPM systems provide comprehensive visibility into business data, allowing for more accurate and timely information accessibility to business analysts.
EPM’s reporting and analysis components allow consistent and historically sound tracking of business processes, providing an organization with the most robust and accurate predictive information available.
Using these EPM tools, today’s modern enterprises can improve project success rates with increased depth of analysis, improved forecasting consistency, more informed planning, and active process monitoring.