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Enterprise Performance Management (EPM) is the financial process that focuses on planning, budgeting, forecasting, reporting, consolidating, and finalizing financial reports. It is mainly used by the financial department and CFOs, but can be used by other departments for operational purposes (ie planning, budgeting, reporting financial expenses, and so forth).
Business Performance Management (BPM) and corporate performance management (CPM) are both synonyms for EPM. However, BPM is not used as often due to it easily being confused for business process management (BPM). BPM focuses on 3 main activities:
Our team at Paradigm SES has over 17+ years of experience working with EPM and BPM software (such as Oracle ARCS, PBCS, FCCS, and so forth). The consultants of our company are efficient at our work and are well-versed and knowledgeable in EPM software.
PBCS and EPBCS are Oracle’s in the cloud services for planning and budgeting. The on-premise counterpart for PBCS is Hyperion Planning while the on-prem version of EPBCS is out of the box (OOTB) Hyperion Planning. While PBCS requires a consultant to build business rules, EPBCS business rules are already predefined and can be slightly adjusted. EPBCS is more out of the box while PBCS is more customizable. For more information, click here to learn more.
Oracle Account Reconciliation Cloud Services (ARCS) is a cloud based service that offers account reconciliation services. It’s on-premise counterpart is ARM. Both services are focused on reconciling accounts and are mainly used by accountants and financial departments for end of year reconciliation. For more information, click here to learn more.
FCCS (Financial Consolidation & Close Cloud Services) is another cloud service offered by Oracle. It’s on-premise counterpart is HFM (Hyperion FInancial Management). FCCS is impossible to customize, but that is an advantage as it is almost impossible to mess up in regards to the business rules. Consolidation and elimination are both easier to do in FCCS and come as part of the package. For more information, click here to learn more.
Oracle’s PCMCS (Profitability and Cost Management Cloud Services) is the cloud service version of the on-premise HPCM (Hyperion Profitability & Cost Management). This service focuses on managing and driving profit by modeling complex costing and segmenting profitability. It discovers the drivers behind costs and uses this information to reduce these cost drivers to improve profitability. For more information, click here to learn more.
OneStream XF offers financial consolidation & reporting, planning, budgeting, & forecasting, and analytics all on one simple unified platform. This reduces the learning curve that is present in many legacy systems and allows easier integration when compared to legacy systems. OneStream XF is available on-cloud as well as on-premise. For more information, click here to learn more.
Training and support is always a huge concern for companies who decide to make the investment into EPM software, and Paradigm SES understands these concerns. Our consultants will be available for 30 days after the contract is completed for additional questions and concerns. If needed, our consultants can also provide 24x7 support for urgent issues. For more information, feel free to contact us for more information.