The Evolution of Enterprise Performance Management: A Journey Towards Strategic Decision-Making [Video]

Enterprise Performance Management (EPM) has witnessed transformative changes over the last few decades, transitioning from a focus on financial reporting to a broader, more strategic role. In his recent exploration of these innovations,  Sai Charan Tokachichu outlines how technological advancements have enhanced EPM’s capabilities, bridging the gap between financial planning and strategic decision-making. His insights provide a clear path forward for businesses seeking to leverage EPM as a competitive advantage.

Early Limitations of EPM Systems

In the late 1980s and early 1990s, early EPM systems were primarily focused on budgeting, forecasting, and financial consolidation, often ignoring operational data. These systems were technologically constrained, relying on on-premises infrastructure, which limited scalability and required substantial IT resources. They offered slow processing and lacked user-friendly interfaces, making widespread adoption challenging. The absence of real-time insights and integration of non-financial data resulted in a narrow view of performance, leading businesses to make short-term decisions that didn’t align with their long-term strategic goals. Despite these …