Enterprise performance management, or ‘EPM’, is the active management of performance across all areas of the business. This involves reviewing past performance – but is equally about having the right information and insight to be agile and confident in making decisions about the future.
The finance practitioner has evolved from a traditional number-crunching accountant to a true business partner. The finance function of the future is one that removes silos and creates meaningful links between data sources to analyse and steer performance across the entire value chain.
More than ever before, organisations must respond rapidly to changing dynamics in order to deliver on their strategic priorities and outpace the competition. Making the right business decisions quickly and confidently is integral to success. And good information needs to be at the heart of those decisions. Our EPM services assist organisations with the following key areas:
- Set the right business targets. A tight alignment between your business strategy and the KPIs you use to set goals, coupled with an aligned and motivational workforce reward model will create superior performance across every aspect of the business.
- Integrate business plans. An integrated sales, operational and financial planning process. Driver-based planning and sensitivity testing allows you to optimise how you allocate your business assets and more accurately predict future earnings.
- Improve business reporting. When the entirety of your organisation’s data is being captured, you can access the right information at any point in time to reveal what’s really happening and make decisions with confidence.
- Predict outcomes with analytics. Analytics lets you test your strategic decisions and discover patterns based upon the huge sets of data available to your business. Analytics moves you towards agile decision making based on an assessment of future outcomes.