Enterprise Performance Monitoring Offers Better Overall Organization Performance and Increased Productivity

 

Enterprise Performance Monitoring

Enterprise Performance Monitoring is a discipline of business performance management that considers the internal visibility of organizational operations in a closed loop, all aspects of the enterprise. It focuses on improving the internal processes of an organization as well as the performance of its key people. Special to the work of the finance department, EPM also supports strategic budgeting and forecasting. It includes all financial matters such as working capital management, asset management, cash flow analysis, financial plan, and loan decision making. Financial risk also forms an important area of EPM's concern. It can be reduced by obtaining accurate information on credit risks, including unsecured and secured loans and mortgages.

The scope of Enterprise Performance Monitoring covers all areas of an organization from operations at the top of the pyramid to the operational, lower levels. It provides solutions for business process improvement. This process is made possible through the use of advanced computer software that supports decision making, decision analytics, and budgeting. It helps in reducing business cycle costs and also provides a platform to develop competencies.

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