Do you wish you could have timely, accurate, and relevant intelligence to help plan and control your entire organization—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.
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, financial performance management, and risk and compliance monitoring into a single platform. With Infor d/EPM, you’ll have the insight you need to make smarter decisions across your enterprise.
This article will explain how Infor d/EPM works, its core capabilities, and the key benefits of the platform. Let’s dive in.
How Infor d/EPM Works
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.
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).
Here are the core features and highlights of Infor d/EPM:
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.
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 Benefits of Infor d/EPM
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
- Enhanced operational forecasting and planning
- Consolidated and automated finances
- Improved workforce budgeting and planning
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. Infor d/EPM delivers the insights you need to make more informed decisions across your enterprise.
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.
Contact us today to get started.