EPM System

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Automate your planning, budgeting and forecasting processes.

WHAT CHALLENGES DO COMPANIES FACE?

For business intelligence purposes, companies often maintain records in multiple Excel spreadsheets. Data in various files is interconnected; therefore mistakes and inaccuracies arise in Analytics.

Reports do not offer proper analysis of information with a required breakdown: by cost centers, regions, products, and other parameters.

The planning process does not provide for versioning or budget revision, and the process of calculating transfer prices, allocating indirect costs and tax calculation is quite labor-intensive.

Due to inability to generate reliable forecasts, the companies plan their operations on the “what-achieved” basis with the pre-determined growth rates of budget items, which results in low accuracy of the plans.

WHAT IS EPM SYSTEM?

EPM system is a solution that helps managers and specialists of a company plan and forecast, set and administrate budget, track financial and operational performance indicators, compare them with forecast and target indicators, consolidate reporting, summarize financial results and assess the performance of an organization.

EPM systems help better understand business, identify trends and make informed management decisions.

WHAT ARE THE BENEFITS?

  1. Reduced labor costs for the preparation, approval, adjustment of budgets and plans due to automatic uploading, data consolidation, and automatic calculations.
  2. Increased accuracy of plans through more detailed models that integrate financial planning, budgeting and operational plans.
  3. Improved transparency of planning procedures, budget performance monitoring and online limit monitoring.
  4. Simulation modeling to adapt the business to external and internal developments..
  5. Reporting according to IFRS by transforming financial statements from national standards and consolidation for companies with complex ownership structure.

WHAT PLATFORMS DO WE USE?

   
   

Using EPM systems, company managers and specialists establish strategic development goals, predict factors that contribute to and impede achievement of these goals, and schedule events to achieve the desired results.

These solutions make it easy to quickly track key performance indicators, analyze results and prescribe corrective actions, prepare financial and management reporting for making economically sound decisions.

SERVICES OFFERED

Audit and Advice

Audit of business processes and data received by the company.

Advice and assistance in the development of the data analytics methodology.

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Configuration and Administration

Customization of the company’s solution and IT infrastructure.

Training for the customer employees in system operation. Administration at the customer’s request.

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Design, Development and Deployment

Cooperation with the customer’s staff to adapt solutions to the requirements of a particular business.

We use iterative approaches to design and deployment. In addition, we provide data quality management.

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Support

We migrate, support and service the implemented solutions.

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