Enterprise Performance Management Strategy

Enterprise Performance Management means exactly what is says: providing a company with the ability to measure and actively manage its performance. An EPM strategy is not so much a project that results in a system, such as a traditional ERP solution, rather, it's a new approach to the use of technology that tracks the results of management decisions and market conditions, feeding this information back into the management process and allowing the company to be proactively steered rather than just react to stimulus.

The EPM Journey Plan

The starting point of an EPM journey plan depends on a company's specific circumstances. Our experience has shown that the area of greatest pain represents the largest opportunity for success. However, regardless of the starting point, Reportsource can quickly develop an EPM Journey Plan that shows you how EPM integrates with your existing systems estate and the required solutions architecture, setting out the building blocks for a EPM solution.

EPM Return on Investment (ROI)

The real return on EPM does not come from cutting headcount, but from focusing existing staff on value added activity. Moving from results production to value adding business analysis increases profitability and the efficiency of the whole business. When considering the justification for an EPM solution, the following questions should be considered:

• What is the cost of a failed business venture and how likely is success without the ability to measure the success or failure as it's happening?
• How many errors are made during the results production process?
• How much time does your management team lose arguing about the numbers instead of analysing them?
• How many staff don't have access to the information they need to do their job?
• Are you prepared to manage an acquisition or divestiture?
• Does you management team crave more than just financial reporting?
• How much time and energy is wasted because you don't have a single product or accounting hierarchy?
• What is the hidden cost of an audit?
• Are you making the most out of your CRM and ERP data?
• Does inconsistent data create a sense of uncertainty, affecting management's decision making ability?

ReportSource can help you develop an EPM Business Case, demonstrating both tangible and intangible benefits, to map out the ROI and set the foundation for a benefits realisation process.

Your competition may be in a position to measure the effect of decision making and adjust to market conditions faster than you; the question can sometimes be more fundamental than calculating the ROI.

Can you afford to continue without Enterprise Performance Management?

Contact a consultant to discuss your EPM Roadmap...