EPM stands for Enterprise Performance Management and is supported by software that enables group consolidation, reporting, forecasting opportunities, providing analysis and business insight. It is used to coordinate strategy and execution for an organisation as well as provide regulatory compliant reporting for listed markets or shareholders. The different forms of EPM software are designed to provide a company’s management with accurate consolidated figures on which to base their decisions, forecasts and long-term strategic investments.
EPM plays a pivotal role in aligning an organisation's strategy with its execution while also ensuring adherence to regulatory reporting standards, especially in the context of publicly listed markets and shareholders. It can be used to accurately look at the past and identify areas for growth and capitalise on opportunities whilst adhering to a yearly budget. The EPM landscape boasts a variety of tools, each distinguished by its particular focus and distinctive value proposition. These tools are designed to cater to the diverse requirements of organizations, ensuring that they can find an EPM solution tailored to their specific needs.
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