Skip to main content

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
Labels:

Comments

Post a Comment

Popular posts from this blog

Bristlecone Webinar on Supplier Risk Management

Purchasing Magazine, Bristlecone and SAP getting together to bring you very good discussion on supplier risk management. Webinar will be held on June 24, 2 to 3 PM eastern Time, USA. Contributors are - Paul Teague from Purchasing magazine , Jason Buch from spendmatters , Naresh Hingorani from Bristlecone - Supply chain leader company and Padmini Ranganathan from SAP. As we always talk about spend visibility, data issues, strategic sourcing - these distinguised speakers will bring out more strategic views to the table on how all this can be achieved to analyze your business risks better, upfront. You can register for event by accessing this link and register See you there.
Post a Comment
Read more

Master Data Management – Product or Process ?

I have 2 SAP systems and I want to fix my material master, Services Master. I want all that data to be clean, standardized, classified, enriched and load it back to my SAP in next 6 months. What do you suggest ? Chris - one of my key client was explaining during a “solution understanding” call. My sales manager Tom, enthusiastically started talking about new version of the MDM platform by ERP company, tools, technologies, product landscape, licenses etc. After 30 minutes of sales pitch, I could see confusion on Chris’s face clearly. He said - but I don’t want to add any new product in my infrastructure for all this. Can you just implement MDM for me without I adding any new software ?   Both are using MDM implementation as a keyword, but in a completely different context. Chris wants to implement MDM as a process while Tom was trying to sell MDM as a new software. Whats the difference ? Lot I will say. MDM as a product – when you sell a   software license to a...
4 comments
Read more

Data Management - Elephant & Seven Blind Men

I am sure most of you read a story of Elephant and Seven Blind Men. For starters - this is how the story goes - "A number of blind men came to an elephant. Somebody told them that it was an elephant. The blind men asked, ‘What is the elephant like?’ and they began to touch its body. One of them said: 'It is like a pillar.' This blind man had only touched its leg. Another man said, ‘The elephant is like a husking basket.’ This person had only touched its ears. Similarly, he who touched its trunk or its belly talked of it differently." As Wikipedia mentions - This story has been used to illustrate a range of truths and fallacies. At various times it has provided insight into the relativism, opaqueness or inexpressible nature of truth, the behavior of experts in fields where there is a deficit or inaccessibility of information, the need for communication, and respect for different perspectives. The moral of the story is - While one's subjective experience...
Post a Comment
Read more