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).
Enterprise Performance Management Contents:
The system will allow the distribution of control panels of great capacity offering visibility, lining up and a detailed sight through the enterprise. It is useful to monitor the corporate performance through their Business activities, and reaching of goals, or to reduce the problems with the same.
With the use of a control panel to watch and monitor the Business, the organizations are more agile and adaptable to any condition, internal or external. The system could be used to monitor extreme rules of Business, allowing the users to watch the status of their Business, no matter where they are, through the control panel. By this way, it is possible to make quick decisions saving time and money.
One of the main challenges is to understand and interpret the Business opportunities. For that purpose, there is a wide range of analytical models designed especially to help the organization to orient the needs for the performance management. They are based in statistics formats visually advanced and highly interactive.
It offers several techniques of visual analysis that will help to study the present Business conditions as well as the tendencies and anomalies. It can use different formats like significant information, geographical maps, etc in order to show the status of the organization’s performance.
The analytical integrated applications are useful for Customer Intelligence, Product and Service Intelligence, Supply Chain Intelligence, and Operations Intelligence that offers metrics included, analytics of the better practices, alerts and exceptions of reports and a detailed analysis of the data.
The applications for the management of the performance offer solutions focused on the compliment of all the corporate requirements, giving the possibility to make a continuous perception analysis and allowing the users to take the necessary actions to attend important corporative events.
These analytics will offer the best integrated practices and the possibility to connect them with internal processes and procedures, and the flexibility to extend the application in order to fit the corporate individual requirements of the company.
The analytical applications offer the possibility to obtain a sight of the important segments of the Business, including the clients, products and services, supply chain, human resources and finances.
The analytical solutions will allow the user to understand and to analyze the relevant information to give a response to particular Business situations.
The development of management activities applications offers extreme flexibility for integration of several different situations included in your daily priorities. Whether it comes to use previously created or already inside the analytics, or creating their own analytics and modules, it could extend the analytics in order to fit the individual requirements.
It is important to invest in analytics with the better integrated practices and data models, to accelerate the time for the return of investment, reduce costs and risks; and to extend the basic models of data and the analytics to reflex an own perception for the Business.
The integration platform of huge capacity admits data in real time from sources like SAP, Oracle, Siebel, among others.
EPM operates with its own existing system to structure the information and the processes in an intelligent way, in order to let the user understand and act consequently. EPM is conducted from a strategic base of Business intelligence. This base allows to optimize the development of the whole organization, as well as it offers the possibility to integrate the Business oriented to the same objective, and oriented actions; and which is more important, it shows in a clear way the answer to the question: how a specific enterprise is at the present time?
