cfo-nz logo
Story image

The art of EPM in the cloud era

20 Feb 2020

Technology changes in the enterprise are inevitable – but changing them to maximise business value is something of an art form.

When business teams look at their IT ecosystem and see a fractured portfolio of products, they may consider how to consolidate those products or replace them with something more modern.

In the modern era, finance teams understand that rapidly shifting business needs mean enterprises require greater flexibility and foresight in planning. Furthermore, enterprises are looking for easier self-service access to timely information, and they require it on demand.

The cloud is able to underpin these requirements, more so than traditional and outdated legacy planning tools, which often become unsupported and disconnected.

Enterprise performance management (EPM) solutions in the market today may seem similar at first glance – but look a little deeper and the differences start to emerge. EPMs’ builds, learning curves and time-to-value all affect an enterprise’s ultimate solution choice.

EPM can seem like a daunting prospect when enterprises start their planning, reporting and analytics technology refresh.

Software End of Support and End of Life announcements are part of business life – while some enterprises may ignore these warnings and use a tool until it breaks, others accept that they need to find a replacement.

Vendors that wield financial power may also put pressure on customers to migrate from existing tools to new ones. 

But there’s a catch, according to Jedox: "Vendors know that when systems age, customers start considering replacements. If the incumbent vendor can persuade the customer to “upgrade” to a new version (which may mean new licenses and new implementation), they keep customers locked in. However, the upgrade still might be based on outdated technology."

A technology refresh must meet an enterprise’s needs today and tomorrow. This is why starting with an EPM refresh is the best option – it brings the opportunity to assess what best-in-class software solution is the right choice. 

Moving away from outdated legacy technology future-proofs the enterprise.

Jedox, a leader in enterprise performance management solutions, has created a roadmap to assist leaders with key considerations and practical steps to deliver transformative outcomes while refreshing enterprise performance management platforms.

This roadmap helps businesses with planning, monitoring and future operating models.

It will take you through:

  • How to focus on value creation when changing an EPM platform
    • Choosing the right technology and the right operating models
    • Key considerations
       
  • How Jedox can assist your planning, monitoring and future operating model
    • What to consider in terms of business continuity, business optimisation, and business innovation
    • Plus, views from analysts and customers
       
  • How to get started with execution and upgrades
    • Direct translation
    • Incremental and agile
    • Models Marketplace
    • A sample business scenario for consideration

From Business Continuity to Innovation in your EPM Refresh: Download your free e-book now.

Story image
IDTechEx: the role of emerging tech in fighting COVID-19
2020 will go down in history for the year of the global pandemic, but also for the rise of innovative digital technologies.More
Story image
Snowflake announces updates geared towards data mobilisation
"The new features announced today are another example of Snowflake's commitment to delivering the technology customers need to fully mobilise their data and achieve meaningful business value.”More
Story image
Webinar: TLC for Kids on their usage of Nintex Drawloop DocGen
The charity is using the software to free up resources and enable its team to focus on its mission — which, simply put, is to put smiles back on sick kids’ faces. It does this through its TLC Ambulance, Rapid TLC, and distraction box programs, and its services are used over a million times each year across Australia.More
Story image
Vodafone NZ to roll out Amazon Connect in contact centres
The moves makes Vodafone New Zealand the first telecommunications provider in New Zealand to implement the solution. More
Story image
Video: 10 Minute IT Jams - Who is OutSystems?
In this IT Jam, we speak with OutSystems vice president for A/NZ Paul Arthur, who discusses the company's role in the A/NZ region, how things have changed for the company and the industry amid pandemic, and what he sees in the future of visual development and digital transformation.More
Story image
DevSecOps increasingly important, but APAC organisations lagging behind
The rise of DevSecOps comes at a time when IT leaders are faced with an increasingly active cyber threat landscape, coupled with higher consumer expectations of digital offerings and application usage due to a sharp increase in online activities.More