5 reasons why TriFinance is the perfect EPM partner for your organization
20 October 2023Enterprise Performance Management (EPM) plays a critical role in improving organizational efficiency, allowing businesses to align their strategies with execution. Whether your goal is streamlining reporting, improving forecasting, or aligning budgetary processes, the right EPM partner can make or break the success of your implementation. Here's why TriFinance stands out as the ideal partner for your EPM journey.
What is Enterprise Performance Management?
Enterprise Performance Management (EPM) refers to the processes and tools that help organizations manage and improve their performance. From budgeting and forecasting to strategic planning and financial reporting, EPM software integrates these functions to offer better visibility and control. Learn more about Enterprise Performance Management here.
1. Proven EPM implementation methodology tailored to your needs
One of TriFinance’s key differentiators is its comprehensive EPM implementation methodology. This approach ensures that the EPM implementation fully aligns with your company’s specific needs. Our methodology consists of the following steps:
- Analysis: Before selecting or implementing an EPM solution, we conduct a thorough analysis of all functional and technical requirements. This is documented in a blueprint, which serves as the foundation for the implementation, ensuring alignment on the project scope. Our goal is to make the blueprint as concrete as possible, including the technical architecture, process flows, mock-ups of input screens, desired report outputs, data model design, and any necessary calculations or allocations.
- Build & Implement: Before starting the implementation we agree on the desired project governance. Our project approach is inspired by the SAFe methodology. We organize the project in different workstreams. Each workstream is thoroughly tested in close collaboration with key users. We monitor budget, planning, and scope through regular steering committee (steerco) meetings, ensuring alignment and progress throughout the project.
- Transition: Before the go-live, we ensure the entire solution is tested and documented. To enable internal management of the new EPM procedures and solution, we provide technical and functional training to key users and end users.
- After Care: After going live, we monitor the usage and adoption and make sure an update and maintenance process is in place.
2. Controlling expertise and technical knowledge
TriFinance combines extensive experience in financial controlling with deep expertise in leading EPM software solutions. Many of our consultants have backgrounds in areas like budgeting, controlling, and ESG reporting. This functional expertise allows us to provide valuable insights during the tool selection and implementation process, ensuring your organization gets a solution that genuinely fits your needs. Learn more about choosing the right EPM tool for your organization here.
With certifications in major analytics and EPM tools like Microsoft, Vena Solutions, and Tagetik, TriFinance experts combine controlling experience with technical know-how, making us a one-stop shop for EPM implementations. Vena Solutions is known for its flexible, Excel-based interface, while Tagetik offers robust capabilities in budgeting, planning and complex financial consolidations.
Our ability to integrate these tools into your organization ensures that your EPM system will not only meet today’s requirements but also be future-proof.
TriFinance combines controlling expertise with deep knowledge of leading EPM software solutions, making us a one-stop shop for EPM implementations
3. Integrated data solutions with a focus on usability
Effective EPM should not be a stand-alone solution. It should be integrated into your data and reporting landscape. Our vision is that your EPM tool should be a part of your overall data strategy, enabling smooth data flows and reporting. This helps you to leverage knowledge and technology and ensures you make optimal use of your reporting technologies.
With a dedicated team of data experts, we ensure seamless integration between your EPM and analytics solution as well as other business systems.
4. Sector-specific knowledge and training
TriFinance offers training on essential topics like budgeting, forecasting, and consolidation, ensuring your team is well-equipped to use the EPM tool effectively. Our expertise extends across a number of industries, enabling us to provide valuable, sector-specific advice.
Whether it's ESG compliance, management reporting, or financial consolidations, TriFinance’s training helps companies adopt best practices for better performance.
5. Total cost of implementation
An often-overlooked aspect of EPM is the total cost of implementation, which goes beyond the price of the software. TriFinance’s pragmatic approach focuses on minimizing the overall costs by ensuring that all factors—data integration, training, and maintenance—are considered early in the process.
Why TriFinance should be your EPM partner
TriFinance’s deep expertise in both controlling and EPM software, combined with its unique implementation methodology, agile approach, and sector-specific knowledge, makes it the perfect partner for your EPM implementation. We ensure that your EPM system not only meets functional requirements but also supports your broader data strategy and business goals.
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