Overview
Financial professionals typically spend 70% of their time collecting and validating data, while the lack of collaboration and visibility turns forecasting and budgeting into an “educated guessing game”.
Infor Enterprise Performance Management (EPM) helps organisations gain a competitive advantage and face market complexity head-on – potentially being the only financial performance management software you’ll ever need.
Solution Type: Financial Performance Management
Website:Infor EPM
Deployment options:
Cloud-based- On-premises
What is Infor EPM?
Infor Enterprise Performance Management (EPM) is a comprehensive solution suite designed to enhance financial planning, budgeting, forecasting, and performance analysis processes, eliminating spreadsheets.
It layers world-class in-context business intelligence, financial performance management, and risk and compliance monitoring, empowering you to make more impactful decisions, report with confidence, and forecast the future based on relevant, real-time insights.
Why organisations need it
- ✓ Single solution for complex financial activities
- ✓ Holistic view of business performance
- ✓ Forward-looking capabilities to anticipate market trends
Read more:Automating Financial Forecast for Hotels with Cloud Systems
Beyond spreadsheets: why Infor EPM?
Key challenge: Organisations struggle with endless arrays of spreadsheets and documents from different sources, making data analysis overwhelming and unreliable.
The hidden costs of manual processes
Spreadsheets rely heavily on manual input. Once data is rolled up, top executives can hardly drill down the numbers to gain a more in-depth view of the financial history. Spreadsheets are susceptible to human errors, rigid, time-consuming, and have the potential to create silos.
Different user interfaces and disparate systems result in decision-makers sitting on different versions of the truth, hindering organisations from taking advantage of mobility, big data, or advances in in-memory computing.
Unified data management
With Infor EPM, when an event occurs (e.g., an order is updated, an item is created, inventory status changes), the system automatically updates the information across all connected systems.
- ✓ View, monitor, and manage KPIs through intuitive, role-based dashboards
- ✓ Generate reports according to industry standards
All this happens via a unified, user-rich, clean, and intuitively designed interface, allowing users to work the way they live.
Key features and capabilities
You can deploy Infor EPM on-premises or in the cloud. Either way, it can be integrated with Infor OS to deliver a wide range of powerful digital tools that streamline financial processes and drive business performance.
Data analytics
Infor EPM utilises an analytical platform with in-memory technology, enabling instant data consolidation and real-time insights into business and financial plans.
This advanced contextual analytics capability enhances decision-making accuracy across the organisation. Leveraging EPM’s deep and predictive analytics combined with compliance tools enables you to increase the accuracy of your strategic, tactical, and operational plans.
Monitor and review performance while on the go—while visiting clients, discussing with workers down at the warehouse, or attending a trade show—via any mobile device of your choice.
Read more:How American Express Differentiates Core Services with Infor Birst BI
Financial planning, budgeting, and forecasting
“Integrate planning, budgeting, and forecasting into one single system for maximum visibility and efficiency.”
Simplify budgeting by bringing budgets and actuals together in a solution designed according to financial best practices.
Consolidate multiple sets of books seamlessly, process elimination entries, and generate a single set of financial statements.
Financial reporting & dashboards
Leverage highly structured and adaptable self-service reporting capabilities to enhance decision-making within your organisation. Benefit from fully customisable dashboards and reports that feature clear and user-friendly graphs and charts, allowing you to identify trends and key insights easily up to the minute, even while on the go.
Dashboards provide real-time access to critical financial metrics, KPIs, and trends, eliminating the need for generating static reports and allowing for more informed, up-to-date decision-making.
You can personalise dashboards to display the information most relevant to your specific role and responsibilities, so you can quickly identify areas needing attention and track progress towards financial goals.
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CAPEX planning
- ✓ Automates data gathering for capital expenditure planning
- ✓ Integrates with existing systems to pull relevant data automatically
- ✓ Creates and tests different scenarios for informed decision-making
Risk and compliance
- ✓ Holistic view of data and user access across business units
- ✓ Proactive, automated monitoring of performance and compliance
- ✓ Mitigates security breaches, violations, and fraud
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How can Infor EPM help improve your business’ performance?
Improved collaboration
Infor EPM facilitates efficient collaboration and communication between teams, enabling everyone to work in a coordinated manner. With access to real-time data and advanced analysis tools, teams can identify opportunities, share ideas, and make informed decisions to boost financial and operational efficiency.
Streamlined processes and time savings
Nucleus Research found that Infor EPM streamlined financial management, driving efficiency and agility. Users experienced a 20% improvement in financial process productivity, 30x faster processing times for roll-up models, and over 75% ROI after retiring server costs.
Integration with financial management software
While financial management (FM) solutions such as Infor SunSystems excel at transactional accuracy and historical reporting, Infor EPM offers a forward-looking perspective to the C-suite, empowering them with financial planning capabilities that extend up to five years or more into the future.
Combining FM and EPM solutions allows organisations to achieve a robust financial management framework that merges the efficiency of transactional processing with the strategic foresight needed to succeed in a dynamic business environment.
Integration with ERP systems
Thinking of transforming your current ERP solution to a whole new level? You can further enhance the accuracy and actionability of your daily inventory and resource management decisions based on real-time, quality data by integrating Infor EPM with ERP systems.
Infor EPM is a powerful system with a beautiful design that enables you and your staff to access financial performance at any time, anywhere.
With Infor EPM, organisations can transform their financial processes from rigid, error-prone spreadsheet exercises into dynamic, data-driven decision-making that provides a competitive advantage in today’s complex market.
Say goodbye to budget spreadsheets, cut report generation time, and use forecasting to drive smarter business decisions with Infor EPM.
For more information about Infor EPM and our other solutions, visit:www.trginternational.com
