Welcome to the EPM Software posts.

  Achieving full optimization for business processes across the organization can be arduous.  With the support of technology as a tool to standardize, consolidate and automate, process optimization is attainable.    First, understand your business process.  Over time it is natural for processes to evolve and wander away from their original design and intent.  Determine if y ...

Companies often use Excel for budgeting, planning, forecasting and many other critical business processes.  As growth occurs, and the number of people interacting in a business process increases, manual errors, manual consolidation and a lack of the truth start to become major issues.  At the organizational level, business processes performed in spreadsheets become inefficient, ...

Oil and gas is a multifaceted, volatile global industry that experiences constant price fluctuations coupled with long periods of boom and bust. Reporting on financials is a cornerstone to this industry.  Today’s oil and gas companies are changing the way they approach budgeting and forecasting by leveraging flexible and powerful technology tools and solutions that provide agi ...

Altius CEO, Noel Phillips shares his thoughts on where he sees the direction of Enterprise Performance Management (EPM) usage moving in businesses large and small. Noel Phillips:  The first thing I am seeing is a more iterative approach.  It used to be that companies were lucky to get through one or two cycles of a budget and forecast a year driven by the lack of available dat ...

Enterprise Performance Management solutions allow for dynamic scenario planning, which means that companies can quickly build scenarios, adjust plans, and make better strategic decisions for both the present and future.  This is particularly critical for companies in volatile markets like energy, where companies face distinct short-term and long-term risks associated with fluctuating oil prices.

Altius' meta-analysis capabilities allow companies to create business value and a competitive advantage through improved understanding of their own data—at both the process and people/user level.  These analyses can be immensely helpful in identifying key areas of the business process that need work or improvement (as well as identifying people that might be consistently contributing to those issues), and finding appropriate solutions.  Most Enterprise Performance Management vendors do not provide this critical piece of the process-management puzzle.

Many companies who have taken the plunge and implemented corporate performance management software are not seeing return on their investment. While CPM solutions have come a long way in recent years; helping companies to achieve process automation, collaboration and consolidation across their performance management processes, we often see those same companies struggling with re ...

Excel is a highly effective tool for key aspects of budgeting including data entry, model-building and analysis. The tool has lots of core functionality to leverage for the budgeting process.  One significant downside to relying solely on Excel for budgeting is the ability to pull in data from multiple systems. This might look like uploading actuals from your general ledger to ...