Take back control of your financials both for statutory and management purposes.

Understanding the difference between these two requirements is key for top management because both are necessary for different reasons: statutory compliance is an external reporting necessity while management reporting delivers information to ensure business continuity. Companies often get either sidetracked by the consequence of non-compliance or bogged down by inadequate reporting processes while a strong focus should not be lost on management reporting, steering the organisation.

EPM systems should enable easy understanding of the profitability impact to the business by allowing for simple analysis capabilities. Analysis will allow tasks as simple as drilling down to source details to more complex output such as bridge reporting analysis, growth rate trending using constant FX rates, blended reporting and allocation calculations.