Enterprise Performance Management (EPM) software is an essential component of any business. You can consider EPM software to be one of the most crucial tools, especially for large-scale businesses. To grasp what Enterprise Performance Management entails, think of it as a process that is aided by planning, reporting, and business intelligence tools. Today we will talk about the Best Enterprise Performance Management – EPM Software.
It also links an organization’s strategy to planning and execution, freeing up time for higher-value work and analysis. You can also use automation to reduce cycle times and improve financial planning.
There is no other option but an appropriate EPM instrument if you want to get a consistent outcome in ongoing word processes. By eliminating errors and labor-intensive processes, it can help you boost your production significantly. You can also enlist the services of an EPDM provider to build technical plans and analytical reports.
Top 10 Best Enterprise Performance Management – EPM Software
Like any other software, having so many options makes it difficult for anyone to match their needs to the features available. Of course, there is some excellent EPM software on the market right now, but there are a few factors to consider before making your final decision. However, when choosing the program that best matches your needs, you must consider the user interface, usability, integrations, and value for money.
1. Oracle EPM Cloud
It is the greatest Enterprise Performance Management software for the financial closure solution, and you can anticipate the same high quality from the EPM cloud as you would from any other Oracle product. This technology can help businesses obtain the agility and insights they need to stay ahead of the competition in any market.
In the Leaders quadrant for Cloud Financial Planning and Analysis Solutions, this software has also earned a spot. Because of its consistent performance and comprehensive features, you can rely on this software.
2. OneStream XF
It’s yet another excellent addition to the array of EPM software that helps companies manage their company performance. However, when it comes to the manufacturing process, there is presently no EPM solution on the market that can compete with OneStream XF.
This software can help your company’s budgeting and forecasting operations in addition to increasing enterprise planning agility. It also comes with standard documentation that will walk you through how to utilize OneStream more efficiently step by step. It is one of the Best Enterprise Performance Management – EPM Software.
3. Workday Adaptive Planning
Workday Adaptive Planning is without a doubt the most adaptable EPM solution on the market right now. It comes with a robust interface that allows you to work directly on any modifications you want to make to your system.
Furthermore, unlike other EPM vendors, Workday Adaptive Planning will receive frequent updates to ensure that it meets all of your requirements. According to Gartner 2020, this software also placed in the first place as a Magic Quadrant Leader in Cloud FP&A.
4. ARES PRISM
ARES PRISM can be thought of as an all-in-one enterprise management solution. This program, which comes with a number of enterprise-oriented tools, aims to improve all of a company’s processes. It’s a fantastic piece of software that sheds light on important parts of a company, such as funding, budgeting, and resource planning. This program can also be used to manage earned value and analyze costs and schedules.
5. Planview
Planview takes a cutting-edge approach to management for businesses of all sizes. As a result, it can easily be called a comprehensive PPM system that can handle all of your professional needs; additionally, the reporting and analytics modules are well-organized and can assist you in digging deeper into collected data and gaining actionable insights. You can also anticipate smooth performance and indisputable dependability in achieving your objectives.
6. Anaplan
There are a few EPM software programs that work wonders for any organization’s supply chain and planning. The main purpose of this software is to provide answers to all of your questions in order to help you make better decisions. This software is quite handy for quickly creating sophisticated scenario planning. It also comes with a free trial and, if you want it, a pricing quotation based on your requirements. The absence of a built-in formula syntax assistance is the software’s only flaw. It is amongst the Best Enterprise Performance Management – EPM Software.
7. Axiom EPM
If you’re having trouble controlling costs and managing cost management, Axiom EPM is here to help. It is without a doubt one of the most adaptable enterprise management systems available. Industry leaders have already expressed interest in our software. Capita, UCL, Splendid Hospitality Group, and Engie are just a few of their clients, demonstrating the company’s popularity.
8. Infor Dynamic Enterprise Performance Management
This EPM software can be used to combine enterprise management solutions with business intelligence or BI tool. When compared to the other EPM vendors on this list, it is a one-of-a-kind product. If you want complete real-time visibility into your business, Infor is an excellent solution. It can provide superior planning and allow us to focus more on budgeting to increase your company’s success.
9. Epicor
In today’s world, there isn’t a single industry where enterprise management technologies aren’t employed by businesses. A good EPM suite can make your life easier and increase the value of your existing items. It can also shorten cycle times and relieve you of the burden of properly managing work operations. Epicor has all of the characteristics that a good EPM should have. It has no competition, especially in the retail market, due to its retail-oriented analytics.
10. EPM Live
We’ve come to the end of this rundown of the top EPM software on the market right now. The final one we’ll talk about is EPM Live. Because of its capacity to integrate with Microsoft SharePoint, it has proudly assumed its place here. The aim of this software is to keep track of and manage all of your projects and associated costs in one place. It comes with a free 30-day trial, allowing you to try out the features before committing to a purchase. It is the last name on our list of Best Enterprise Performance Management – EPM Software.
Final Insights:
If you’re thinking about integrating EPM software into your company’s existing work processes, you’ll need a good understanding of how it works. You may end up creating a solution that becomes your pain point if you don’t gather enough information.
In addition, business planning for the future should be considered while selecting an EPM. When considering an EPM solution, however, you should consider data visualization, advanced KPI monitoring, supply chain effectiveness reporting, robust budgeting and forecasting, financial consolidation, and participative and collaborative modeling. So it was our list of the Best Enterprise Performance Management – EPM Software. Don’t forget to send us your suggestions. Goodbye!
