Enterprise Performance Management (EPM) software helps you analyze, understand and report on your business. EPM solutions are primarily used by CFOs and the office of finance, while other functional areas, such as HR, sales, marketing & IT use EPM for operational planning, budgeting, and reporting.
Organizational Planning covering companies forecasted growth and covering organizational, environmental and market parameters. Apart from organizational systems, factors such as shareholders, peers, market, government etc. are considered when doing strategic planning of the organization.This planning will be a mix of profitability, revenue, market share considering all key stakeholders. This will be an input to financial and headcount planning. This will also be input for department-level planning
Headcount planning covers existing employee's management covering compensation planning, performance planning, career progressions and terminations. It also covers a new hire planning along with training and other employee-related cost planning. Below are some of the segregation areas.
- Grade, skills-wise planning
- Project or Product Requirements Based Planning
- Compensation and Non-Compensation Benefits Planning
- 01 Income Statement Planning
Revenue, Expense, profitability and Tax Planning
Capital Expenditure Planning
- 02 Balance Sheet Planning
Assets, liabilities and equities planning
Income statement data will be integrated into this as an input
- 03Cash Flow Planning
Cash inflow and outflow planning.
- 04Project Financial Planning
Project sales and revenue
Project capital and operational expenditure
Profitability and Cost Management
- Organization Profitability Planning
- Department profitability Planning
- Product or Process Profitability Planning
Pricing strategy considering net profitability post cost allocations to all dependent departments factors.
- Cost Planning
- Headcount Costs
- Raw Material Costs
- Overhead Costs