For the majority of businesses, investment in an Enterprise Performance Management (EPM) solution will deliver almost immediate dividends: improved efficiencey and productivity, an increase in revenue and the ability to manage budgets more efficiently and effectively.
EPM and Business Intelligence (BI) software provides all the financial functions a business needs, including budgeting, forecasting and consolidation. Aligning and compiling data from disparate sources, an EPM and BI solution can also vastly improve the processes surrounding regulatory compliance and financial reporting.
In addition to the core financial functions, BI software should provide a predictive analysis or “what if?” function that uses historic and current data to predict future trends and provide essential information to the company’s decision-makers.
In this paper, Faisal Nadeem, CEO of CENTRIXE, discusses how EPM solutions have become more affordable and accessible, particularly when adopted incrementally, using existing general ledgers.