ERP Bridge

An EPM ERP Module Bridges Performance Management and BI

Some Enterprise Resource Planning (ERP) solutions offer an Enterprise Performance Management (EPM) module.  And, in some cases an EPM product is sold as an independent solution not associated with an ERP solution.  An EPM solution bridges performance management and Business Intelligence (BI) to enable the management and optimization of overall organizational performance.  Enterprise Performance Management is also referred to as Business Performance Management (BPM) and Corporate Performance Management (CPM).

An Enterprise Performance Management ERP module or solution enables enterprises to:
•    Manage performance
•    Measure performance
•    Budget and Plan
•    Perform financial consolidations
•    Create reports and analysis

Enterprises may manage performance with an Enterprise Performance Management ERP module or solution by querying real-time data stored in a data warehouse, which is a system that stores data and metadata.  The data warehouse is at the center of an Enterprise Performance Management ERP module or solution.  Data to measure performance, budget, plan, and consolidate is pulled from the data warehouse when queried by a user.  Data can be queried to measure and monitor present and future organizational goals and create reports.

An Enterprise Performance Management ERP module or solution enables organizations to make better decisions.  Making better decisions can save organizations money and make them more competitive and efficient; all of which are very important in today’s recovering economy.  Some Enterprise Resource Planning vendors that offer an Enterprise Performance Management Enterprise Resource Planning module or independent solution include:
•    Oracle
•    Host Analytics
•    Microsoft
•    SAP
•    Epicor

An Enterprise Performance Management solution may be an asset to your company.  The vendors listed above only represent a few of the Enterprise Performance Management vendors on the market today.  It’s a good idea to explore as many Enterprise Performance Management vendors as possible before selecting the one that best suits your organization.  Some vendors offer an on-site proprietary Enterprise Performance Management solution while others provide the Enterprise Performance Management solution as a SaaS (Software as a Service) offering.  And, as the open source market evolves, it is likely that we will see some robust open source Enterprise Performance Management solutions hitting the market in the near future.  Many EPM vendors offer free demos and product trials.  Taking advantage of these demos and trials may help you decide which solution to purchase.

Written by :

kristine H