What exactly is SAP EPM? It’s much more than a few random letters to be sure. Let’s first understand what the second set of letters is before we understand all of them as a whole.
EPM stands for Enterprise Performance Management. EPM, put simply, is the process of monitoring performance across the enterprise with the goal of improving business performance. When we talk about an EPM system, we are referring to a system that integrates and analyzes data from many sources. These sources can include, but are not limited to: data warehouses, external data sources, business intelligence, front-office and back-office applications, and e-commerce systems, just to name a few. The overall purpose of EPM is to match what resources you have to allocate to the initiatives you need to execute to accomplish desired objectives. To do this in a complex business, you need a system to measure success and what you need to fine tune as you go along in order to achieve these goals.
Now that we have gone over what EPM is, it’s time to discuss SAP EPM. SAP is the world leader in enterprise software and software-related services. As such, they are also a leader in Enterprise Performance Management solutions. SAP EPM solutions provide a single, consistent view of information, which helps organizations streamline budgeting and forecasting, improve strategic planning, develop intuitive profitability models, improve accuracy and consistency of financial and managerial reports, as well as support a corporate culture that values fact-based analysis. SAP EPM offers a wide array of applications, such as SAP Business Planning and Consolidation, SAP Disclosure Management, SAP Financial Consolidation, SAP Financial Information Management, and much more to help organizations achieve these goals.
We know what SAP EPM is now, so what do you do next? Learn more by registering for one of Column5’s upcoming free webcasts, or contact Column5 to maximize the power of SAP EPM with expert talent, vision, and tools for success offered by Column5.