Start 2025 Strong: Evaluate Your Enterprise Performance Management Strategy
The New Year brings a chance to reset and refocus, not just personally but professionally as well. It’s the perfect time to assess the effectiveness of your Enterprise Performance Management (EPM) strategy and determine how it impacts your entire organisation.
If you’re still managing Financial Planning and Analysis (FP&A) without the right EPM software, make 2025 the year you prioritise transformation.
Here are five key reasons to consider updating or implementing new EPM software for improved Financial Planning and Analysis.
- Outdated Processes Are Costing You More Than You Think
Efficiency should be the goal for any business process! While sticking with familiar systems may feel comfortable, outdated technology and manual processes drain valuable resources. EPM systems that are no longer aligned with modern financial needs force your teams to spend excessive time on tasks like maintaining outdated reports, instead of focusing on the key priorities like future forecasting and strategic growth. By adopting modern EPM software, you not only streamline processes but also enhance reporting capabilities—ultimately saving time and allowing employees to collaborate more effectively across departments, regardless of location.
- The Era of Remote and Hybrid Work Requires Flexible Solutions
The COVID-19 pandemic fundamentally reshaped how businesses operate, turning mobility from a perk into a necessity. Many organisations continue to work in remote or hybrid models, which means that employees need to access critical business data on any device, from anywhere. A cloud-based FP&A solution is key to this shift, offering flexibility and agility. With modern EPM software, your team can access up-to-date financial data in real-time, whether they are working from home, at the office, or on the go.
- Rapidly Changing Business Demands Require Agile Tools
In today’s fast-paced business world, executives expect results quicker than ever. If you’ve invested in technology that isn’t boosting productivity, those expectations might be unrealistic. However, when you invest in up-to-date EPM software, you’re enabling your organisation to meet the growing demand for faster, more accurate insights. From financial planning and data analytics to predictive forecasting and automation, modern EPM systems are designed to handle the pressure of dynamic business environments, ensuring your organisation remains competitive and nimble.
- Strengthen Governance and Compliance with Robust Solutions
Manual data entry using spreadsheets may seem convenient, but it comes with significant risks. Inaccurate data, inconsistent reporting, and lack of governance can lead to costly mistakes and regulatory issues. Ensuring your organisation stays compliant with ever-evolving regulations is crucial. Modern EPM solutions help mitigate these risks by offering better control, audit trails, and governance features. This way, your team can meet compliance standards and respond swiftly to regulatory changes without compromising accuracy.
- Unlock the Power of Real-Time Reporting and Data Analytics
If your organisation struggles to access real-time data or has departments wasting time searching for the right information, it’s time to reconsider your approach. Outdated systems and manual processes only hinder decision-making and hinder the ability to respond quickly to business needs. EPM software offers advanced reporting features, in-depth analytics, and automation capabilities, allowing your organisation to make smarter, more informed decisions faster. This not only boosts efficiency but also enhances your ability to forecast, plan, and solve problems proactively.
Transform Your Financial Planning in 2025 with EPM Software
If you’re ready to improve the way you manage Financial Planning and Analysis, it’s time to evaluate your EPM strategy. Modern EPM software can completely transform your business processes, leading to more accurate forecasts, increased productivity, and better governance.
At Taysols, we specialise in helping businesses simplify their Financial Planning and Analysis with cutting-edge EPM solutions. We implement platforms like OneStream, Oracle, and Board to help organisations streamline their financial processes, enabling employees and management to access and analyse data with ease. Let us help you empower your workforce and optimise your financial operations in 2025.
Are you ready to take the next step in EPM transformation?