ERP and Business Intelligence

ERP and Business Intelligence

The management of the corporate development starts with a simple inquiry of their partners about the present status of the company. Unless there is a specific answer to show the real status of the same, it will also finish there. Enterprise Performance Management (EPM) appeared with the purpose to help to find a primary answer to that question. The Business intelligence solutions offer personalized control panels including graphics, drawings and diverse explanations that will be useful for managers to monitor the metrics that really are important.

The KPIs are key performance indicators that will make real the proactive and predictive Business management. Besides, it will help the managers of any level to have direct and daily access for control. Having the possibility to access the indispensable information on a daily basis, everyone is capable to have exceptions, monitor tendencies and make intelligent decisions.

Of course that EPM goes further the high level metrics, KPIs and control panels. Enterprise Performance Management is a multidisciplinary and functional process that will optimize the corporate development through linings, visibility and collaboration between the Business units and the functional dependences.

It is not only to concrete goals and strategies with the metrics, the analytics and the methodology are necessary to understand which of these metrics are important and how should they be measured. Therefore, the correct information will for sure reach the correct persons, in the correct time, and provoking by that a high positive impact.

Characteristics:

The majority of EPM systems executes in a very similar way. EPM solutions are built over the platform of Business Intelligence (BI), leading the world, which offers a sight on real time of the development of the Business, reports and alerts through the Web, besides the capacity to navigate till the detail in a transparent way.

The applications analytical corporate suite and the structure of the application offer a deep analytical content and the possibility to be adapted to the needs of a specific organization. This is helpful to handle and improve the whole performance of the organization, from the production plan to the executive offices.

Competitive Advantages:

EPM is the key for several processes. It is specially designed to focus and take advantages of real Business opportunities from any operating unit. In this way EPM optimizes the performance of the whole enterprise, whether it comes to factory workers or to high management levels.

This system has all the necessary tools to analyze and even predict trading (or operating) incomes cycles, development of supply chains, carefully detailed customer behavior and many other options from a single navigation interface. EPM is the best way to make good use of your time by using the current resorts of the enterprise, through an standardized and flexible Business intelligence platform.

EPMs offer several options adapted to the specific needs of the clients. The majority of them offer the possibility to monitor and measure the performance in relation with the sales goals, marketing, operations, finances, supply chain, client administration and product administration.

Moreover, it is a great tool to line up and optimize the technologies as well as the Business processes, tactics and strategies, resources and objectives, Business units and corporate metric goals.

General Information through the Enterprise:

As it is known, EPM is not a new idea that came up recently. The different Businesses tend to increase the income and reduce the expenses to maximize the profitability. But nowadays, this task is becoming more and more difficult than ever. The infrastructure is more complex and the volume of data has risen considerably. In a competitive economy, the risks are higher than ever.

There is an option that is preferred by medium sized clients, which is the possibility to focus a module EPM that could be used at the same time by different departments, Business units, individuals’ or hybrids, through the whole enterprise.

Its functionality from beginning to end goes through the automatic integration of data (which is a very difficult task to perform), to the simplified panel control for the final users. It supports the methodologies of the leaders of Business processes like Six Sigma, Balances Scorecard and Economic Value Added (EVA).