SAP Enterprise Performance Management - EPM

In today's competitive business environment (as if it was less competitive at some point ), the most important thing is analytics. Analytics because it gives some kind of actionable intelligence. This intelligence when implemented correctly through multiple actions inside organizational business units provides a predictibility - which directly business bottomlines.

SAP is having this complete solution suite - Enterprise Performance Management - which includes different solutions for different problems. The end goal for each of these is same - to gain some predictability and enhance performance of the function and then collectively enhance performance of the organization as a whole.

Lets look at these different solutions -

• Strategy management – Set your goals, map your strategies, and then manage performance from high-level objectives to operational metrics.
• Planning and consolidation – Increase the accuracy and effectiveness of planning, budgeting, forecasting and financial reporting processes.
• Financial consolidation – Complete your financial consolidation and reporting cycles faster – with complete confidence in your data.
• Disclosure management – Ensure a timely, accurate, and risk-free close process by managing the production, filing, and publication of financial and regulatory statements and reports.
• Notes management – Streamline the collection and management of financial notes to help improve your financial statements and reports.
• Financial information management – Leverage powerful connectivity, mapping, and loading functionality designed for business users.
• Intercompany reconciliation – Accelerate your close by enabling business units to reconcile intercompany balances and transactions directly with one another.
• Profitability and cost management – Identify the causes of underperformance, and take action to reduce costs and optimize profitability.
• Spend performance management – Maximize cost savings and reduce supplier risk by gaining continuous visibility into company-wide spending patterns.
• Supply chain performance management – Measurably improve supply chain effectiveness by focusing on actionable, operational process metrics.
• Sales and operations planning – Develop synchronized demand and supply plans that are feasible and aligned with your company's financial goals.

Lets look  at each of these solutions and understand more in coming days

let me know your feedback at pmendki(at)gmail(dot)com

Thanks
Prashant Mendki