1 / 7

What is EPM?

EPM stands for Enterprise Performance Management. It is a business management methodology and a set of integrated processes, frameworks, and technologies that help organizations measure, monitor, and manage their performance effectively. EPM encompasses various activities such as strategic planning, budgeting, forecasting, financial consolidation, reporting, and analysis.<br><br>The primary goal of EPM is to align organizational objectives with key performance indicators (KPIs) and ensure that business operations are in line with strategic goals. It provides a holistic view of the organization's per

Techwave2
Download Presentation

What is EPM?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 6/14/23, 1:10 PM Map and optimize business performance with Techwave EPM solutions EPM MAP AND OPTIMIZE BUSINESS PERFORMANCE WITH TECHWAVE EPM SOLUTIONS Until recently, many businesses used traditional tools like Excel to record, track and monitor business performance metrics, analyze them, generate reports, and gain oversight over their business performance. While these tools work ?ne up to a point, if you have to juggle one too many things, it can get messy resulting in eventual revenue loss. If you are in that situation, you’re probably ready to migrate to an EPM (Enterprise Performance Management) solution. Let’s take a look at what EPM is and how Techwave can help you implement it. What is EPM? Remarkably, there’s no universally accepted de?nition of EPM. Some call it a process while others call it a system. Yet others refer to EPM as a tool. So rather than try to de?ne the term, let’s just dive into understanding why it is necessary for business. Three of the most critical functions of any business are budgeting, strategizing, and planning. It is only when a business has a strategy and plan in place that it can enhance operational performance and drive revenue. EPM helps businesses perform these three vital functions e?ciently and cost- effectively through a process of continuous monitoring of business metrics. A good EPM must facilitate running your business seamlessly at the lowest possible cost and help you achieve your full potential. That means it should provide you with critical information at the time you need it and in the form you need it so that you can make informed decisions quickly. This is possible by tracking and monitoring key business metrics like customer satisfaction and supplier lead time. With an EPM in place, you’ll spend less time on planning and budgeting, investing it instead in your core competency or operations. EPM can help you optimize not just your operations but also other processes such as sales, ?nance, and marketing. With a good EPM in place, you can bridge your business work?ows and offer key employees a holistic view of your business thus aligning diverse goals and breaking silos. https://techwave.net/map-and-optimize-business-performance-with-techwave-epm-solutions/ 1/7

  2. 6/14/23, 1:10 PM Map and optimize business performance with Techwave EPM solutions EPM solutions are highly customizable which means you can choose the business metrics you want to track and set up your system accordingly. This is perhaps why it evades de?nition and may be di?cult to implement especially in today’s dynamic globalized business environment. How Techwave can help you implement the EPM solution best suited to you Technologies like cloud computing and big data have changed the competitive landscape for businesses. Pandemic-driven pervasive digitization and consequent leveraging of technologies like AI and ML have further added to the chaos. In this evolving environment, businesses are striving to optimize operations, streamline work?ows, and reduce waste, ultimately cutting costs and enhancing revenue. Solutions Designed to Drive Value Recognizing the need for businesses to track, measure, and analyze business metrics based on real- time insightful data, Techwave helps implement solutions for strategic ?nancial and operational business performance management. While ?nance and operations are the key areas, we also help enterprises and entrepreneurs implement EPM in other business areas. Indeed, the focus at Techwave is on providing the full range of EPM solutions. Our team is experienced and armed with industry knowledge as well as domain expertise. Techwave EPM solutions are customized to your needs. We provide end-to-end business mapping by implementing integrated EPM solutions designed to monitor and track business performance, manage costs, strategize, plan, and consolidate. Our innovative solutions are enterprise-wide covering every area of business from ?nance to warehouse analytics and from supply chain performance, to distribution chain and delivery optimization. Our systems can serve up customized, insightful, and actionable reports that aid decision-making and eventually reduce costs and drive revenue. What makes Techwave different? Our EPM solutions are not limited to analytics and reporting. We create an information hub that helps you access and manage your data e?ciently. We also include reference data and source systems for data warehousing. Our solutions are a fusion of human effort and technology which together improve processes, individual performance, and productivity, reduce risk, and eventually bring value to the business owners and stakeholders. Techwave has been providing EPM solutions for over 15 years and most of our clients have experienced enhanced pro?tability due to pointed insight into business metrics. https://techwave.net/map-and-optimize-business-performance-with-techwave-epm-solutions/ 2/7

  3. 6/14/23, 1:10 PM Map and optimize business performance with Techwave EPM solutions A wholesale food distributor who was diligent and adept at using spreadsheets for planning and budgeting struggled with gaining actionable insights into overall business performance. Techwave helped them identify key business metrics to monitor and consequently, gain useful business intelligence across all business areas including logistics, inventory, and storage. Raj Gummadapu, SVP and COO at Techwave Consulting said in an interview with SiliconIndia, “We are able to provide them a strategy, quick value in terms of gaining the insights and we have prepared them with a business performance management platform that provides them the reporting platform for quick and real-time decision making.” In another project, Techwave enabled one of the biggest pharmaceutical companies to get a visual representation of its data concerning its global operations. The company generated large volumes of data every day. Collating, sorting, analyzing, and reporting on this data posed a huge challenge. “We were able to organize their entire BI system. We de?ned proper functionality, what kind of data should come from where, and provided strategy and roadmap, implemented that roadmap to make the users across the globe self-su?cient with analytical capability using the global platform,” says the founder Damodar. At Techwave we offer both customized and pre-con?gured EPM solutions that help track business metrics and enhance business performance. Our pre-con?gured IEPM (Integrated EPM) has a prede?ned methodology that aids quick and easy integration and implementation and saves our clients considerable cost and time. Our USP or expertise in the area of EPM lies in the integration of business work?ow and EPM through collaboration between the business and technology teams. “It actually mitigates the entire risk of the project because everybody is educated all the way along the project and they know what is expected out of that project,” says Damodar. Along side EPM, Techwave specializes in a holistic approach to business intelligence, process optimization, and business agility, with the eventual goal of driving revenue by improving overall business performance. We have also been leveraging cloud computing, process automation, and other emerging technologies for our clients at affordable costs, thus, reducing their CAPEX. The founders say, “We see ourselves as a strong player in terms of providing SaaS models of pre-de?ned EPM solutions that can address the future business challenges.” Techwave has the knowledge base and expertise to provide end-to-end technology integration for its clients with the speci?c goal of tracking business metrics and driving revenue. Reach out now for an initial discussion and brainstorming to get started. A Case in Point A wholesale food distributor who was diligent and adept at using spreadsheets for planning and budgeting struggled with gaining actionable insights into overall business performance. Techwave https://techwave.net/map-and-optimize-business-performance-with-techwave-epm-solutions/ 3/7

  4. 6/14/23, 1:10 PM Map and optimize business performance with Techwave EPM solutions helped them identify key business metrics to monitor and consequently, gain useful business intelligence across all business areas including logistics, inventory, and storage. Raj Gummadapu, SVP and COO at Techwave Consulting said in an interview with SiliconIndia, “We are able to provide them a strategy, quick value in terms of gaining the insights and we have prepared them with a business performance management platform that provides them the reporting platform for quick and real-time decision making.” In another project, Techwave enabled one of the biggest pharmaceutical companies to get a visual representation of its data concerning its global operations. The company generated large volumes of data every day. Collating, sorting, analyzing, and reporting on this data posed a huge challenge. “We were able to organize their entire BI system. We de?ned proper functionality, what kind of data should come from where, and provided strategy and roadmap, implemented that roadmap to make the users across the globe self-su?cient with analytical capability using the global platform,” says the founder Damodar. At Techwave we offer both customized and pre-con?gured EPM solutions that help track business metrics and enhance business performance. Our pre-con?gured IEPM (Integrated EPM) has a prede?ned methodology that aids quick and easy integration and implementation and saves our clients considerable cost and time. Our USP or expertise in the area of EPM lies in the integration of business work?ow and EPM through collaboration between the business and technology teams. “It actually mitigates the entire risk of the project because everybody is educated all the way along the project and they know what is expected out of that project,” says Damodar. Alongside EPM, Techwave specializes in a holistic approach to business intelligence, process optimization, and business agility, with the eventual goal of driving revenue by improving overall business performance. We have also been leveraging cloud computing, process automation, and other emerging technologies for our clients at affordable costs, thus, reducing their CAPEX. The founders say, “We see ourselves as a strong player in terms of providing SaaS models of pre-de?ned EPM solutions that can address the future business challenges.” Techwave has the knowledge base and expertise to provide end-to-end technology integration for its clients with the speci?c goal of tracking business metrics and driving revenue. Reach out now for an initial discussion and brainstorming to get started. PREVIOUS POST How can SDN and NFV Improve Your Business? https://techwave.net/map-and-optimize-business-performance-with-techwave-epm-solutions/ 4/7

  5. 6/14/23, 1:10 PM Map and optimize business performance with Techwave EPM solutions NEXT POST How to resolve the cloud migration dilemma with VMware investment? Search here.. RECENT POSTS Understanding Digital Transformation and Its Importance in Today’s Business Landscape Step Up Your Business Game: Embrace B2B Omnichannel Commerce Today! SAP Commerce Cloud 2211: The Ultimate Solution for Your E-commerce Success! Surviving the Storm: Overcoming Current Challenges in Fintech Product Companies Crafting Your Vision From Product Page to Purchase: Design Guide Part 2 CATEGORIES AMS Analytics Arti?cial Intelligence AWS Big Data Blockchain BPO Cloud Company Announcement CRM Digital https://techwave.net/map-and-optimize-business-performance-with-techwave-epm-solutions/ 5/7

  6. 6/14/23, 1:10 PM Map and optimize business performance with Techwave EPM solutions Digital Transformation EIM EMI Engineering EPM ERP Events Featured Fintech IoT IT infrastructure SAP SAP AMS Validation ABOUT TECHWAVE Techwave is a leading global IT and engineering services and solutions company revolutionizing digital transformations. We believe in enabling clients to maximize the potential and achieve a greater market with a wide array of technology services, including, but not limited to, Enterprise Resource Planning, Application Development, Analytics, Digital, and the Internet of things (IoT).  SERVICES Enterprise Digital Services Engineering Services Enterprise Business Services https://techwave.net/map-and-optimize-business-performance-with-techwave-epm-solutions/ 6/7

  7. 6/14/23, 1:10 PM Map and optimize business performance with Techwave EPM solutions PLATFORMS SupplyVu™ Autonetics Platform Hybrid Cloud Management COSMOS IoT GLOBAL HEADQUARTERS 13501 Katy Fwy Suite 1000, Houston, TX 77079, USA. Ph:+1 281 829 4831 info@techwave.net FOLLOW US  Techwave © 2022 All Rights Reserved. | Privacy Policy | Cookie Policy | https://techwave.net/map-and-optimize-business-performance-with-techwave-epm-solutions/ 7/7

More Related