inlumi blog

As organisations are increasingly in need of detailed financial reporting, financial processes have become more complex with greater pressure on process control. Several people may be involved in various business processes within the same organisation, making the processes extensive and difficult to follow.

EPM technology is undergoing its biggest change since inception. How do you know which solution is right for your business? Let inlumi show you how to unlock the benefits that modern EPM can achieve.

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.  

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.