Enterprise Performance Management (EPM) means different things to different people. Some use the term EPM interchangeably with Corporate Performance Management (CPM) or Business Performance Management (BPM).
For Performance Canvas, EPM is the sum of processes and systems that help businesses link strategy with operational activities through a tool that can allow a specific business to translate data into actionable insights and measurable goals.
EPM includes reporting & analysis, budgeting, planning, forecasting, financial consolidation, business modeling, and metrics management.
While it sounds all too easy and simple, the reality is that it is incredibly challenging and frustrating for many organizations especially when the organization has outgrown their current solutions and processes. Anyone who has worked with a business enterprise understands the pain of organizational alignment, transparency, and accountability.
Enterprise Performance Management System
Decision makers, specifically CEOs, CFOs, finance managers, and front line managers must be able to count on accurate information from the business in order to come up with sound operational and strategic decisions.
Achieving and sustaining growth in the business demands that the entire organization work towards the same goals, interpret these goals the same, and that each person in the workforce knows exactly how he or she can effectively contribute towards the company´s success.
Given the fact that each company is unique in its history, value, and culture, there really isn´t a one-size-fits-all kind of solution.
Performance Canvas Financials is an Enterprise Performance Management software that understands that one of the most effective way to drive improved company performance is through finance. Performance Canvas Financials is fully aware that recognizing business uniqueness and collaboration between processes and people is key. Performance Canvas Financials also understands that accuracy and reliability of information forms the bedrock of sound decision-making.
Performance Canvas Financials as the top EPM Software
Performance Canvas Financials is currently used by over 2,500 companies across various industries. It is a robust and effective software for reporting & analysis, budgeting & planning, forecasting, financial consolidation, and metrics management.
While it is packed with powerful features, Performance Canvas Financials promises not to be a know-it-all solution. It is instead a platform that takes into consideration the uniqueness of each business by allowing companies to model their business into the solution in an easy, quick-to-do manner.
As an EPM software, it incorporates best practices in reporting & analysis, budgeting, planning, forecasting, financial consolidation, and metrics management so that finance users are constantly employing the best, most up-to-date, and most reliable methods.
Performance Canvas Financials offers two deployments – on premises and EPM on the cloud. The choice is completely up to the organization whichever works best for their strategy.
The on premises deployment takes less than 40 hours to deploy while the cloud deployment in installed and configured in as fast as 5 minutes with actuals, budgets, and live forecasts immediately available after install.
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