5 Reasons to Upgrade your CPM/PM10 Implementation to d/EPM
In this ever-changing technological world, software companies are constantly upgrading their computers and smart phones with new mobile applications, CRMs, ERPs and operating systems. Why? There are many reasons – to improve customer experience, to address security breaches, to adapt to a new technological platform or to meet new business requirements. Infor CPM/PM10, hereafter referred to as CPM, is no exception. Infor continuously delivers updates – via patches or new releases – to its Financial Performance Management suite of products for Financial Consolidation, Budgeting & Planning and Workforce Budgeting.
Infor describes Dynamic Enterprise Performance Management™ (d/EPM) as “the single integrated solution for financial performance management, business intelligence, analytics, and risk and compliance monitoring. It provides predefined analytical and performance management content solutions based on the Infor Business Intelligence (BI) technology platform.”
If your organization uses one of the solutions mentioned above, you may be wondering whether it would make sense to upgrade to d/EPM. The following reasons may help PM10 Administrators make the decision.
Improved performance The consolidation process is one of the most critical and visible process of PM10. PM10 triggers the consolidation process, either manually by the CPM Administrator or as a scheduled task. The d/EPM consolidation outperforms CPM’s. Why? Because the computations in d/EPM take place in-memory. In addition to that, the d/EPM’s OLAP engine performs consolidations on-the-fly. Therefore, finance managers and controllers will have access to the information faster in comparison to using CPM. This will have a positive effect in both decision-making and reporting processes.
Access to Infor Office Plus This tool is an excel-based add-in that enhances the functionality and power of Microsoft Excel. It allows you to access cubes to perform data analysis and reporting. Infor Office Plus is more powerful and flexible than the CPM’s web-based Ad-hoc reporting interface.
Cloud availability Aside from the on premise version, d/EPM is also available on the cloud. As such, you can have the peace of mind that the software will always be up-to-date. As well, the data will be protected in case there is a catastrophic event in your data processing environment, or if there is a security breach.
Fast implementation The average time for a CPM to d/EPM upgrade is around two months. Objects and metadata of your PM10 solution can be leveraged and reutilized to implement d/EPM. These include: ETL processes, consolidation processes, formulas, dimensions and chart of accounts. Therefore, you can expect a smooth implementation as business analysis activities (such as requirements gathering, specifications and validation) have already been completed.
Ability to leverage a business intelligence platform What is the benefit? That your company can easily create and deploy cubes to collect, analyze and get insights of different operational areas of the enterprise. For example, the organization can collect sales data from their sales department to gather information about performance for decision making.
So, there you have it. If you have any questions, feel free to contact us via e-mail or by phone.