Do you wish there was a way to have timely, accurate, and relevant intelligence to help control your entire organization and optimize business performance management processes —all at your fingertips?
Wish no more. Enterprise Performance Management (EPM) is the answer.
EPM is a critical strategy for any business that wants a competitive edge. EPM enables organizations to anticipate and respond to changing business climates faster than the competition. And, Infor Dynamic Enterprise Performance Management (Infor d/EPM) is the EPM platform to choose.
This article will explain how Infor d/EPM works, its core capabilities, and the key benefits of using the platform to track and manage your corporate performance management processes.
Let’s dive in.
What is Infor d/EPM?
Outdated planning and budgeting software and spreadsheets not only reduce the accuracy of your financial data, but they also increase the risk for error because of their reliance on manual input processes. Spreadsheets are time consuming, difficult to manage, and make it harder to gain valuable insight into complete financial history.
This is where EPM comes in (and especially Infor d/EPM).
Used in companies worldwide, Infor d/EPM is a fully integrated solution suite that automates your organization’s financial management process. It combines business intelligence, risk and compliance monitoring, and financial performance management tools into a single platform. With Infor d/EPM, you’ll have the insight you need to make more accurate financial decisions across your enterprise.
Infor’s Dynamic Enterprise Performance Management solution gives users access to the right information at the right time. This way, they can accurately manage financial data, forecast future activities, and optimize business processes with a unified, single system approach.
How Does the Solution Work?
Infor d/EPM collects real-time data from all of your organization’s applications, including customer relationship management (CRM), enterprise resource planning (ERP), product lifecycle management (PLM), and more. It then translates that flood of data into actionable business insights through a single user interface, making it easier to make more sound business decisions throughout your organization.
In other words, any time a change is made, from changing an inventory status to modifying an order, that information is automatically updated in the system. This ensures you always have real-time, up-to-date information that can be viewed on any device (even mobile).
Core Features of Infor d/EPM
Here are the core features and highlights of Infor d/EPM:
Standard reporting formats and self-service functionality allows users to report financial results with increased confidence, accuracy, and efficiency.
Budgeting and Planning
This feature allows you to develop, adjust, and compare plans to the latest forecasts. Capabilities like decision packages, task management, and workflows help you streamline your budgeting processes.
Financial consolidation allows you to consistently consolidate your accounting books from each of your legal entities, process elimination entries, and more easily generate a single set of financial statements.
Supply and Demand Planning
With Infor’s EPM software solution, companies are able to keep track of supply and demand by building custom plans that meet business needs. This way, you’re never blindsided by too much product demand and not enough inventory to keep up.
This feature helps you bring more order to your cost management activities. You can distribute costs through multi-steps and multi-level allocations as part of your organization’s planning process.
As Infor d/EPM is built on Infor Analytics, you can enhance the functionality of the platform through sub plans. Add new tabs to your workbooks for detailed revenue models with even more granularity.
Aligning your workforce management processes with your corporate strategy can boost revenue, reduce lost time, and improve employee morale and production, and Infor d/EPM can help make that happen.
When it comes to managing your workforce, Infor d/EPM makes it easier to evaluate staffing levels, headcount requirements, and salary adjustments.
You can always have the right people in the right place by planning your headcount for direct and indirect labor. Infor d/EPM takes into account factors like economic demands, new product introductions, and more.
Plan your company’s strategic goals by aligning them to your tactical plans. Monitoring progress and taking action when needed becomes much simpler with Infor d/EPM.
Keep track of your capital investments and select the right projects to fund with the capital planning capabilities.
Risk and Compliance
With Infor d/EPM and Infor Risk and Compliance, you’ll have a solution that provides comprehensive views of your data and user access across the company. This will help ensure you comply with the latest regulations and requirements.
Key Advantages for Your Organization
Infor d/EPM eliminates the need for spreadsheets, dramatically cuts time on reporting, and reduces the uncertainty of your company’s data. Here are a few more benefits you’ll experience with that power:
- Better visibility into financial processes to report accurate data
- Enhanced operational forecasting, planning, and financial reporting
- Consolidated and automated finances with the help of modern intelligent business tools
- Improved workforce budgeting and operational planning
- Ability to integrate seamlessly with external ERP and IT systems
Getting Started With Infor d/EPM
If your organization wants to build a substantial competitive advantage, enterprise performance management software like Infor d/EPM is the solution.
Need help outlining your company’s budgeting process, creating sales planning steps, conducting predictive analysis, or anything in between? Our consultants have you covered from the first step to the last.
If you’re ready to get started with Infor d/EPM (or any other Infor solution, for that matter), our senior-level Infor consulting team is here to help. From scoping the project to the implementation and beyond, our team has years of experience and perspective to partner on your project.
Even better, we’ve even included a snapshot of one of our Infor d/EPM consultants to give you an idea of what to expect when partnering with us.
Surety Senior Infor d/EPM Consultant
- 20+ Years of ERP and Reporting Experience
- 17 Years of Lawson experience
- Lawson Supply Chain, Financials & HR/PR/BN experience
- LBI and Crystal reporting expert
- Experience with IBI, d/EPM and Birst Certified (experience planning reporting structure for future state in v11)
- Former Lawson Professional Services Consultant (9 years)
- Project Management experience & PMP Certification
Contact us today to get started.