WELCOME TO THE FUTURE OF EPM!
When businesses ask the question “how are we doing?” the answer is often responded by measuring KPIs across the business.
As businesses have become more complex – with global supply chains, automated processes and ‘just-in-time’ inventories – many firms look towards Enterprise Performance Management (EPM software/EPM solutions) to help them measure those KPIs and assess and improve their performance.
An Enterprise Performance Management system integrates and analyses data from many sources (such as e-commerce systems, front-office and back-office applications, data warehouses and external data sources).
These platforms should have the ability to:
However, as the linkages between KPIs across the business are often subtle and difficult to predict, Financial KPIs are relied on as the ultimate measure of enterprise performance.
Accordingly, many organisations focus most of their attention on these and seek EPM tools with a strong financial modelling capability – particularly those that can support both Financial Planning and Analysis and Financial Close processes.
from ERP systems, any digital source system or file
using your own bespoke logic to create new data and KPIs
such as financial planning, consolidations and financial close
to give you outputs in any format (e.g., Excel, PDF, or PowerPoint)
with charting and visualisation capabilities that also support drill-down
tools to orchestrate team activities
access controls to keep sensitive data safe
The ORYX platform supports the EPM framework by connecting the plans that individual departments work to. When cross functional planning sits within the overall strategy of a business, KPIs can be linked together.
Only with Unified Planning can organisations have a shared vision of success and aligned business objectives, to put the business in control. It provides businesses with a way to plan for the future, incorporating all business variables into budgeting, and creating flexible plans that adapt to business growth.
A unified solution provides the agility for businesses to model departmental drivers within the same unified solution. ORYX enables the whole company to pull in the same direction, and organisations experience a rapid journey towards their corporate goals.
Dashboards are a common feature of EPM software, they enable organisations to illustrate their operational KPIs.
But some dashboards cannot provide the full picture. When you have confusing ‘up and down’ trends, if the numbers aren’t recognised or they just don’t look right, you are left with hanging questions about the data behind the numbers.
ORYX dashboards are interactive and allow executives to ‘touch’ the numbers with drill down capability into the underlying data to examine the underlying numbers and trends. This drill down facility is available from within cube views and dashboards.
Interactive dashboards provide fast insights into real-time information and enable business leaders to seize opportunities or spot threats. Executives can access real-time reporting and progress towards companywide goals on demand, to facilitate high quality decisions when it matters most.
The ORYX EPM software enables businesses to harness the immense power and potential of data, and with the right tools, finance spend less time chasing, formatting, and adjusting data and more time analysing metrics. Exec’s have better and faster insights; new opportunities can be modelled; regulators receive the correct reports, and managers see progress against KPIs using interactive dashboards.
If you want to achieve more and provide better and more timely information to the business, we can help you.