How to Quickly Reforecast the Company Budget When the Unexpected Happens
It is easy to predict the future when it is business as usual. However, if your business environment is suddenly impacted by something like the coronavirus, a delayed product launch or an unplanned acquisition, your corporate budget may become obsolete very quickly. How Do I Know it is Time To Replace the Budget with a Forecast? Sometimes unexpected events happen and it is clear the company’s actual performance is moving so far above or below the annual budget that it no long
Differences Between EPM and CPM Software
The terms Corporate Performance Management (CPM) and Enterprise Performance Management (EPM) are often used interchangeably. These two forms of performance management software help businesses manage their resources and stay on track with their financial goals. Many argue that when you’re running a large organization, you need both EPM and CPM. Some solutions like Solver and Anaplan, combines functionality from both categories into a single solution. There are two important di
Best Financial Consolidations Solutions for Your ERP System
While mid-market and enterprise resource planning (ERP) vendors offer native financial consolidation software, their limitations often leave users still in search of a solution that can produce. Here are a few reasons why it has been difficult for ERP vendors to deliver the financial consolidation functionality inside the ERPs itself. Common Limitations in Current Financial Consolidation ERPs Problematic to consolidate across subsidiaries with different ERPs Clunky consolidat
