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Successful enterprises use Enterprise Performance Management (EPM) to drive business performance and achieve their strategic goals. But what does EPM entail? EPM focuses on the management, control, and external accountability within an organization, supported by the necessary information systems. This includes advising large corporations and government entities on topics such as planning & control, cost & profitability management, and (ESG) tooling. Furthermore, as ESG-related topics gain importance, ESG-reporting becomes essential for success. EPM is therefore a broad concept, with its two key processes described below.
The Planning & Control Process (P&C Cycle)
The planning and control process is aimed at internal management and accountability. It revolves around how an organization translates its strategy into measurable KPIs, which serve as the foundation for executing the strategy and optimizing performance. To determine how the strategy and KPIs are achieved, the strategy is converted into a (financial and operational) plan. The planned KPIs are then compared with actual figures, followed by reporting and adjustments if necessary. Optimizing the P&C cycle also involves ESG-related improvements. For instance, we assist organizations in defining (ESG) KPIs and integrating them into the budgeting, planning, and forecasting processes.
The Financial Accountability Process (Record-to-Report Process)
Whereas the planning and control process is focused on internal management, the financial accountability process is externally driven. It emphasizes the preparation and reporting of financial results for external stakeholders, such as regulators. Transparent and structured financial reporting serves as a guiding tool for strategic decision-making, fostering sustainable business growth and success. To position EPM effectively within your organization, we offer support in areas such as strategy mapping, drafting (digital) accounting manuals, improving cost & profitability management, and end-to-end implementations of EPM processes with the associated systems (such as systems for planning, budgeting, and forecasting).
