Automating EPM Implementations through a Digital Platform

Kranthi Kumar
August 16, 2020

It had always been a challenge to get Enterprise Performance Management (EPM) implementations executed the way organizations envisaged them and to drive maximum ROI.

Organizational investment in an EPM initiative is not only in acquiring a piece of technology but ensuring that the implementation of the technology results in value to the organization.

Many a times it becomes chaotic when envisaged objectives don’t meet business user’s expectations, which leads to slipped timelines and then starts the classical BLAME GAME.

  • Business users didn’t define the process appropriately
  • The product selected by technology team doesn’t fit our company’s needs
  • Implementation services partner doesn’t have the right competencies

And the best part is

No One Takes the Responsibility

 

We have witnessed many such unfortunate situations in almost all large EPM implementations across the world resulting in the following.

  • EPM implementations stopped midway
  • Changing Implementation partners in the middle of the implementation due to lack of skill and understanding
  • Compromises made on the real objectives of the EPM project
  • Newly implemented system deficiencies leading to Manual and Automated Process
  • Customers choose to live with what can be delivered
  • EPM investment getting wasted because of poor user adoption & complicated systems
  • An unused EPM system and unhappy business users

The list goes On-and-On

We a team of EPM experts from Red Apricot had put in a good amount of research in figuring out How can EPM Implementations be made efficient and successful?

As a result of this research, the team went through the Project Lifecycle of EPM Implementations and identified the problem areas, we have developed an innovative solution to overcome these challenges and make EPM Implementations easy.

Two core themes emerged out of this whole process which is, SPEED and VALUE that defines the success of EPM implementations

What does this mean?  

Can customers implement EPM in SPEED? 

In short, the need was to automate various phases of an EPM implementation, be it the blueprinting, the designing, the build and the deploy. Yes, we have an answer to this, needless to say, that automation brings in real flexibility to the whole process and also bring in the entire organization into the EPM process rather than a select few. This is what organizations are looking in this disruptive world, particularly for any Enterprise Performance Management initiative.

Can we get our EPM Processes the Desired VALUE? 

Many a time we have seen that the EPM implementation process is just a lift-and-shift of existing Excel/Manual Process into a technology system with no real considerations, whether that is the best suited for customer’s today’s and tomorrow’s business/growth challenges.

This approach has to change; organizations need to look into the processes based on industry best practice and relevancy to their business environment. Organizations need to ask themselves if someone could provide them with a choice of industry-best EPM process which can be quickly adapted and implemented for their EPM Initiative?

Yes, we have an answer, we provide more than 100+ uses cases to select from for your EPM initiative.

Based on our experience in implementing 50 plus EPM projects, we have brought out a disruptive change to EPM implementations, by introducing JustPerform.

JustPerform, “The World’s First Digital Platform automating EPM Implementations with SPEED and VALUE    

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