inlumi blog

Financial Management is compiling and controlling financial activities by applying general management principles to financial resources in the organisation. In the long run, Financial Management will contribute to the universal goal for all companies: making profit and returning maximum value to stakeholders. There are two separate areas to Financial Management; the Legal and the Operational area. They are strongly connected to one another, and yet they serve different external and internal stakeholders.  

In 2018, after a recommendation by Oracle, Ikano Bank approached inlumi with the request to automate their budgeting and forecasting process and simplify the usage. Their ambition was to enable faster decision-making and decrease time-to-market with improved data quality, while improving the lives of finance staff.

inlumi, Inulta Consulting and ForSight Consulting announced today a strategic alliance designed to help organisations in Europe with advisory, implementation and managed services to modernise their Enterprise Performance Management (EPM) application(s) based on Wolters Kluwer CCH® Tagetik.

Nykredit, a leading financial services company in Denmark, has been using Oracle EPM on-premise for several years. Nykredit needed to upgrade their software to stay aligned with Oracle’s software version recommendations, and there was a demand within the organisation for new features to review the processes for maintaining the solution.

Enterprise Performance Management (EPM) - also known as Corporate Performance Management - is the process of managing and understanding an organisation. Both “how did we do, and why did we do it?” and “what should we do, and how should we do it?” are answered by EPM. It includes all stakeholders connected to managing the organisation, whether it is managing strategies, plans or execution. Think of EPM as a closed-loop fact-based decision-maker, with the ability to enable and facilitate the possibility of linking financial and operational metrics.