Categories   >   EPM Software
Last Reviewed: November 14th, 2024

Best EPM Software Of 2024

What is EPM Software?

Enterprise Performance Management (EPM) software streamlines financial and operational data, empowering businesses to plan, forecast, and analyze performance effectively. It tackles challenges like siloed information, inefficient reporting, and limited visibility into future trends. Benefits include improved decision-making, enhanced transparency, and optimized resource allocation. Key functionalities encompass budgeting, forecasting, consolidation, reporting, and data analysis. Emerging features leverage AI and machine learning for deeper insights and predictive capabilities. CFOs and finance teams heavily utilize EPM, but its value extends across departments like sales, marketing, and HR. Industries such as finance, healthcare, and retail reap significant benefits due to their complex data management needs. Limitations include potential implementation costs, integration challenges, and reliance on data quality. Overall, EPM software equips organizations with a holistic view of their performance, driving better decision-making, improved agility, and ultimately, sustainable success. Its value proposition lies in its ability to transform data into actionable insights, propelling businesses towards their strategic goals.

What Are The Key Benefits of EPM Software?

  • Improved visibility
  • Enhanced decision-making
  • Streamlined reporting
  • Resource optimization
  • Boosted transparency
  • Accurate forecasting
  • Reduced costs
  • Increased agility
  • Data-driven strategy
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SelectHub Award Winners - Array

Our Research Analysts evaluated 42 solutions and determined the following solutions are the best EPM Software overall:

Overall

  • 100 Oracle EPM
    Best Overall, Capital Expenditure Planning, Cash Management
  • 94 Anaplan
    Best for Financial Consolidation and Reconciliation, Platform Capabilities, Project Planning
  • 94 Adaptive Planning
    Best for Integration and Extensibility
  • 91 Prophix
    Best for Capital Expenditure Planning, Integration and Extensibility
  • 91 OneStream
  • 91 Tagetik
    Best for Capital Expenditure Planning, Cash Management
  • 90 Jedox
    Best for Sales Planning
  • 88 Planful
    Best for Sales Planning
  • 88 SAP Analytics Cloud
    Best for Sales Planning
  • 87 Kepion
    Best for Integration and Extensibility, Project Planning
Oracle EPM Award
Oracle EPM
Oracle EPM
Start Price
$250
Per User, Monthly
Analyst Rating
100
SelectHub’s Analyst Rating for Oracle EPM, is based on data from our 400+ point analysis of EPM Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
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Deployment
Cloud On-Premise
Platform
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Why We Picked Oracle EPM

User reviews for Oracle EPM paint a mixed picture, highlighting both its strengths and weaknesses. Many users praise its ability to automate tasks, streamline processes, and provide real-time insights, leading to improved efficiency and accuracy. They also value its ability to facilitate collaboration across departments and its centralized view of financial data, which fosters better decision-making. One user commented, "EPM has completely transformed our financial close process, reducing our closing time by 50%." Others appreciate how EPM helps them comply with complex regulations, with one user stating, "EPM has saved us countless hours and resources by automating our compliance reporting."

However, some users find EPM's initial setup and configuration to be challenging and time-consuming. The cost can also be a barrier for smaller businesses. Additionally, the steep learning curve requires users to invest significant time and resources in training. Some users also expressed frustration with EPM's limited customization options and the challenges they faced integrating it with other systems. One user noted, "While EPM offers a lot of features, it can be inflexible at times and doesn't always meet our specific needs." Another user commented, "Integrating EPM with our existing ERP system was a major headache."

When comparing EPM to similar products like SAP BPC and Anaplan, users often highlight EPM's comprehensive feature set, robust security measures, and seamless integration with other Oracle applications as its main differentiating factors. However, some users find SAP BPC to be more user-friendly and Anaplan to be more agile and adaptable. Ultimately, the best choice for individual users and businesses depends on their specific needs and priorities.

Pros & Cons

  • Streamlined processes: Users appreciate how EPM automates manual tasks and provides real-time insights, improving efficiency and accuracy.
  • Enhanced collaboration: Users value EPM's ability to facilitate seamless collaboration across departments, leading to better decision-making.
  • Increased visibility: Users find EPM's consolidated view of financial data across the organization invaluable for better planning and forecasting.
  • Improved compliance: Users appreciate how EPM helps them comply with complex financial regulations and standards.
  • Scalability and flexibility: Users are satisfied with EPM's ability to adapt to their changing needs and grow with their business.
  • Complexity: Users find the initial setup and configuration of EPM to be complex and time-consuming.
  • Cost: EPM can be expensive, especially for smaller businesses, due to licensing fees and implementation costs.
  • Learning curve: EPM has a steep learning curve, requiring users to invest time and resources in training.
  • Limited customization: While EPM offers some customization options, it may not be flexible enough for all businesses.
  • Integration challenges: Integrating EPM with other systems can be complex and require additional resources.

Key Features

  • Planning: Use dashboards to get insights into performance and predictive strategizing to understand how to drive the business ahead. Connect various aspects of the organization and understand how every decision impacts profitability. Verify assumptions and minimize risks with free-form modeling at scale. Structure multiple scenarios and implement accounting intelligence. 
    • Monte Carlo Simulations: Check the possibility of plots and make well-informed decisions. Automate asset-related expenses and plan efficiently for intangible assets. Review capital expenses and check impacts on cash flow, balance sheets, income statements and more. Track project performance with detailed metrics and minimize decision latency with real-time strategy and execution details. 
    • Integrated Business Planning And Execution: Establish a connection between finance, planning, execution and operation. Apply data science and machine learning to improve decision-making and speed up data analysis. 
  • Profitability and Cost Management: Invest in the right resources by analyzing which customers, products and other factors are boosting profit. Make better IT decisions by gaining insights into IT expenditure and shared services. See where money is allocated by providing shared-services prices to different departments. 
    • Automatic Price Recording: Model regulatory value by calculating and automatically recording price for overhead rate justification, jurisdiction profitability, negotiations and more. Create and maintain profitability and price structure without scripts or coding, but with point and click actions. Quickly transform assumptions and allocation methods without re-building layouts or relying on IT services. 
    • Optimization: Optimize profitability by modeling changes like adding new customers and products, changing delivery positions and more. Analyze and understand which drivers and methods affect the bottom line. Keep an eye on allocation details with money and profitability maps. 
    • Security: Make sure that only authorized people have access to data with cloud-based applications. Add new dimensions and segments as the company grows. Merge monetary data with metrics and business drivers while running step-by-step validation reports. 
    • Accessibility: Ensure accessibility with a mobile workforce and configure dashboards to analyze the most current data. Identify gaps and what is helping the bottom line with pre-built graphs and KPIs. Perform variance analysis and optimize profitability. 
  • Financial Consolidation and Close: Automatically calculate cash flow, balance sheets and reduce customization needs. Implement a pre-configured consolidation model to meet global requirements like IFRS and GAAP. Simplify complex consolidation and boost the precision of information by re-classifying, adjusting and eliminating data for accuracy and speed. Track KPIs by creating calculations for organization-specific requirements. 
    • Automate Consolidations: Minimize manual work by automating consolidations in the background. Add details to reports with a narrative commentary. Ensure transparency and compliance by enforcing segregation of duties, calculation and user-activity logging. Keep track of what changes have been made and by whom. 
  • Account Reconciliation: Automate and meet compliance requirements of high-volume transactional reconciliations. Match details of millions of transactions in minutes with an automatic engine. Speed up the matching process by confirming or declining auto-suggested matches. Develop flexible matching rules for a single or group of transactions. 
    • Automate Reconciliations: Simplify reconciliations by defining data sources and attributes for unlimited items. Save time by automatically creating journal entries. Increase accuracy by automating repetitive reconciliations like zero balance and low risk. Identify outliers that might be potentially slowing down the financial close. 
    • Compliance: Get global auditability and ensure compliance is being met with reconciliations logged in the application. Create separate profiles for each account with variances without any custom code. Control the entire process and keep the team on the same page with built-in workflows. Get the flexibility to meet specific business requirements with a pre-built format. Make intercompany reconciliations automatic and enhance close cycle effectiveness with operational and compliance dashboards. 
  • Tax Reporting: Directly access records from general ledgers and use the most current data to calculate correct tax provisions. Comply with GAAP and IFRS requirements. Minimize manual processes by directly importing tax-return details from the software. Add country-by-country data from the consolidation system. Analyze tax data from pre-built KPIs on the dashboard. Incorporate reporting details and collaborate with users around the world on local files. 
    • Provision Automation: Automate processes like research and development, tax position, compliance, provision. Develop and maintain a calendar for important tax processes like audit management and tax compliance. Evaluate price associated with transportation, handling and insurance to implement the most cost-effective shipping option. 
  • Native Reporting: Access data directly from Oracle and non-Oracle sources like spreadsheets or applications. Create a consistent and controlled process by making use of existing reports. Send a single report by combining statements and data with textual narrative. Provide authors with accurate data and add multiple writers to documents. Reuse common content by using previous reports and ensure centralized maintenance of dates, data and text. 
    • Tracking and Sharing Reports: Track report statuses on mobiles and the web. Develop reports with complete audit trails and insight into transformations. Collaborate on content and create conversational threads to carry into the entire review circle. Share reports with stakeholders at any point of development. Produce briefing books and financial record books that can be accessed via mobile, web or desktop interface. 
  • Enterprise Data Management: Establish connections between Oracle and non-Oracle applications using adapters. Import lists and save time spent validating data entry. Cross-check viewpoints to boost the quality of applications within the organization. Sign requests with shopping cart interfaces. Implement custom application validations to keep track of notes during requests. 
    • Tagging and Communication Threads: Make changes to existing items and submit new items with a single click. Tag participants and send real-time email notifications with @ references. Use communication threads to keep track of activities. Ensure security with detailed, permission-based access to applications. Compare and understand differences with a side-by-side layout. 
    • Drag and Drop: Make transformations to viewpoints within and across applications with drag and drop or fill out the details using an automated workflow. Download viewpoints to desktop files and reload to conduct mass updates. Script automated integrations with REST APIs. Boost transparency by configuring data access for external auditors. 
  • Enterprise Resource Planning: Use datasets to predict, detect and act on uncertain and unpredictable situations. Speed up overall response time by uncovering significant deviations and revealing otherwise hidden information and bias. Eliminate manual processes with automation and invest more time understanding the data instead of entering it. 
    • AI Digital Assistants: Simplify and boost common and repetitive tasks with AI-powered digital assistants. Clear approvals faster by customizing tasks and over budget notifications. Identify trends and launch models accordingly. Keep track of results in real time and refine the approach as the business progresses. 
Anaplan Award
Anaplan
Anaplan
Start Price
$20,000
Annually
Analyst Rating
94
SelectHub’s Analyst Rating for Anaplan, is based on data from our 400+ point analysis of EPM Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
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Deployment
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Platform
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Why We Picked Anaplan

Anaplan has garnered a reputation for its robust modeling capabilities, allowing users to create intricate financial models with ease. Reviewers frequently praise its flexibility and ability to handle complex calculations, making it a powerful tool for forecasting, budgeting, and scenario planning. The platform's "Connected Planning" approach, which links various planning processes across an organization, is seen as a major advantage, enabling better collaboration and alignment between departments. However, some users find the interface to be less intuitive than other performance management systems, requiring a steeper learning curve. Additionally, the platform's extensive customization options, while powerful, can sometimes lead to complexity and require specialized knowledge to manage effectively.

Compared to competitors like Oracle Hyperion and SAP BPC, Anaplan stands out for its cloud-based architecture and user-friendly interface. Reviewers often highlight its ease of use and accessibility from any device, making it a popular choice for organizations with distributed teams. While Anaplan may not have the same level of industry-specific functionality as some of its competitors, its flexibility and ability to integrate with other systems make it a versatile solution for a wide range of planning needs. The platform's scalability is also a significant advantage, allowing organizations to easily adjust their usage as their needs evolve.

Anaplan is best suited for mid-sized to large organizations with complex planning requirements and a need for collaboration across departments. Its ability to handle large data sets and perform sophisticated calculations makes it ideal for financial planning, sales forecasting, and supply chain management. However, smaller organizations or those with simpler planning needs may find the platform's capabilities to be excessive and the learning curve to be a barrier to adoption.

Pros & Cons

  • Connected Planning: Anaplan's platform allows users to connect operational plans across various departments, such as finance, sales, and supply chain. This interconnectedness enables a holistic view of the business, facilitating better decision-making and alignment.
  • Scenario Modeling: Users appreciate the ability to create and compare multiple what-if scenarios, enabling them to assess potential outcomes and make informed choices based on real-time data. This feature is particularly valuable for risk management and strategic planning.
  • Flexibility and Customization: Anaplan offers a high degree of flexibility, allowing users to tailor the platform to their specific needs and processes. This adaptability ensures that the system can evolve alongside the organization's changing requirements.
  • Cloud-Based: As a cloud-based solution, Anaplan eliminates the need for on-premises infrastructure and maintenance, reducing IT overhead and providing accessibility from anywhere with an internet connection.
  • Steep Learning Curve: Anaplan's robust functionality comes at the cost of complexity, often requiring extensive training and practice to achieve proficiency. Users familiar with traditional spreadsheet software may find the transition challenging due to the platform's unique modeling language and interface.
  • Performance Issues: Large or complex models can suffer from slow loading times and sluggish responsiveness, hindering user productivity and causing frustration, especially when dealing with tight deadlines or real-time data analysis.
  • Limited Data Visualization: While Anaplan offers basic charting capabilities, users often find them insufficient for creating compelling visual representations of data. The platform's strength lies in its calculation engine, not its visualization tools, which can leave users wanting more when it comes to communicating insights effectively.

Key Features

  • Finance: Use current information to analyze production rates, craft accurate market predictions and make better business choices. Develop profitability and pricing models, automate cost management procedures and make infinite bookkeeping use cases. 
  • Sales: Fill up workflows with practical and achievable possibilities while boosting precise sales and revenue projections. 
  • Supply Chain: Aim for a real-time line of sight and guarantee improved supply estimates to align with demand expectations. Initiate thorough collaborative sales and operation planning practices for applicable KPIs and predictions. 
  • HR and Workforce: Detect recruitment gaps, test "what-if" plans, review financial impacts to streamline the workforce, supervise risks and push results. Draft payment plans and infrastructures to highlight talent purchases, retention, equity, diversity, inclusion, performance and outcomes. 
  • Marketing: Integrate sales numbers, marketing accomplishments and financial insights to construct reliable plans and forecast profitability effects. Transform reactive choices into proactive ones with real-time client information and buyer goals. 
Adaptive Planning Award
Adaptive Planning
Adaptive Planning
Start Price
$3,000
Monthly
Analyst Rating
94
SelectHub’s Analyst Rating for Adaptive Planning, is based on data from our 400+ point analysis of EPM Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
Company Size
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Deployment
Cloud On-Premise
Platform
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Why We Picked Adaptive Planning

Adaptive Planning has garnered a reputation for its user-friendly interface and robust reporting capabilities. Users frequently praise its intuitive design, making it easy for finance teams to navigate and generate reports without extensive training. The drag-and-drop functionality and customizable dashboards are particularly popular, allowing users to tailor the system to their specific needs. Compared to other ERP software options, Adaptive Planning excels in its ability to handle complex financial modeling and forecasting. Its scenario planning tools enable users to create multiple "what-if" scenarios and analyze the potential impact of different business decisions. This feature is especially valuable for organizations operating in dynamic markets or facing uncertain economic conditions.

However, some users have noted that Adaptive Planning's implementation process can be time-consuming and require significant IT resources. Additionally, while the software offers a wide range of features, some users find that certain functionalities, such as expense management, are not as comprehensive as those offered by competing products like Oracle NetSuite or SAP. These limitations may necessitate the use of additional software solutions, potentially increasing overall costs and complexity. Despite these drawbacks, Adaptive Planning's strengths in financial planning and analysis make it a compelling choice for mid-sized to large businesses with complex financial needs. Its ease of use and powerful reporting capabilities empower finance teams to gain deeper insights into their data and make more informed decisions, ultimately driving business growth and profitability.

Pros & Cons

  • Ease of Use: Adaptive Planning receives consistent praise for its user-friendly interface and intuitive design. Users with varying levels of technical expertise find it easy to navigate and operate, reducing the learning curve typically associated with complex ERP software. The drag-and-drop functionality and clear data visualizations contribute to a smooth and efficient user experience.
  • Cloud-Based Flexibility: As a cloud-based solution, Adaptive Planning offers the advantage of accessibility from anywhere with an internet connection. This eliminates the need for on-premises hardware and software installations, providing businesses with greater flexibility and scalability. Users appreciate the ability to access critical financial data and collaborate with team members remotely, enhancing productivity and responsiveness.
  • Robust Reporting and Analytics: Adaptive Planning's reporting and analytics capabilities empower users to gain valuable insights from their financial data. The software offers a wide range of pre-built reports and dashboards, along with the ability to create custom reports tailored to specific business needs. Users can easily analyze trends, identify patterns, and make data-driven decisions to optimize financial performance.
  • Integration Capabilities: Adaptive Planning integrates seamlessly with various other business systems, such as CRM, HR, and payroll applications. This integration eliminates data silos and ensures data consistency across different departments. Users value the ability to connect their financial data with other operational data, providing a holistic view of the business and facilitating more informed decision-making.
  • Limited Functionality: Adaptive Insights, while proficient in financial planning, may lack the comprehensive features required for all-encompassing enterprise resource planning (ERP) needs. For instance, it may not offer robust functionalities for managing human resources, supply chains, or customer relationships, potentially necessitating additional software solutions.
  • Customization Challenges: Adaptive Insights' customization options can be somewhat rigid, making it difficult for users to tailor the software to their specific workflows and unique business requirements. This inflexibility can lead to inefficiencies and frustration for users accustomed to more adaptable ERP systems.
  • Integration Complexities: Integrating Adaptive Insights with existing software infrastructure can pose challenges due to compatibility issues or intricate data mapping processes. These integration hurdles can impede seamless data flow and hinder the efficiency of business operations.
  • Cost Considerations: The subscription-based pricing model of Adaptive Insights can be a significant financial commitment for some organizations, particularly smaller businesses with limited budgets. The cost factor, coupled with potential additional expenses for implementation and support, may deter cost-conscious users.

Key Features

  • Balance Sheet Cash Flow: Use flexible and straightforward self-service variance reports for business-wide utilization. Automate and streamline financial protocols to keep an eye on strategies and expansions. 
  • Expense Management: Remove information silos with driver-based expense forecasting and in-depth, incremental budgeting. Integrate this module with other back-end platforms to create a single information hub. 
  • Revenue Management: Perform drilled-down assessments to ensure strategies align with company objectives. 
  • Workforce Modeling: Execute company-wide planning and joint operations. Manage current headcount plans and associate fees to ensure plans fit budget parameters. 
  • Capital Management: Conduct expense distributions via an equipped rules engine. Plot fees efficiently. 
Prophix Award
Prophix
Prophix
Start Price
$3,000
Monthly
Analyst Rating
91
SelectHub’s Analyst Rating for Prophix, is based on data from our 400+ point analysis of EPM Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Why We Picked Prophix

Prophix has received generally positive feedback from users over the past year, with many praising its ease of use and intuitive interface. Users with limited technical expertise found the software easy to navigate and perform tasks, such as budgeting, forecasting, and reporting. The drag-and-drop functionality and pre-built templates were particularly helpful for streamlining workflows and reducing manual data entry. Reviewers frequently compared Prophix to other EPM software options like Oracle Hyperion and SAP BPC, noting that Prophix offered a more user-friendly experience at a more affordable price point.

While Prophix's user-friendliness is a significant advantage, some users noted limitations in its advanced functionality compared to more comprehensive EPM solutions. For example, complex financial modeling and scenario analysis may require additional customization or integrations with other tools. Additionally, some users expressed a desire for more robust data visualization and reporting capabilities. Despite these limitations, Prophix's core strengths lie in its ability to simplify and automate essential EPM tasks for mid-sized businesses. Its affordability and ease of use make it an attractive option for organizations seeking to improve their financial planning and analysis processes without the complexity and cost associated with enterprise-level EPM solutions.

Overall, Prophix appears to be well-suited for mid-sized businesses and departments within larger organizations that require a user-friendly and affordable EPM solution. Its intuitive interface, pre-built templates, and core functionalities cater to the needs of users with varying levels of technical expertise. While it may not offer the same level of advanced functionality as some of its competitors, its ease of use and affordability make it a valuable tool for organizations looking to streamline their financial planning and analysis processes.

Pros & Cons

  • Streamlined Budgeting and Forecasting: Prophix empowers finance teams to ditch cumbersome spreadsheets and automate budgeting and forecasting processes. Users appreciate the ability to create driver-based models, perform what-if analyses, and generate forecasts quickly and accurately.
  • Enhanced Financial Reporting: The software's reporting capabilities are a major draw for users. Prophix simplifies the creation of visually appealing and informative financial reports, complete with dashboards and drill-down functionality. This allows stakeholders to easily access and analyze key financial data.
  • Improved Collaboration and Workflow: Prophix fosters collaboration among finance teams and other departments. Users can assign tasks, track progress, and communicate effectively within the platform, ensuring everyone is on the same page during planning and reporting cycles.
  • Cloud-Based Accessibility: Prophix's cloud-based nature provides users with the flexibility to access the platform from anywhere with an internet connection. This is particularly beneficial for organizations with remote teams or multiple locations.
  • Steep Learning Curve: Prophix can be challenging for new users due to its complex interface and functionalities. The abundance of features, while beneficial for experienced users, can overwhelm beginners, leading to frustration and a longer onboarding process.
  • Customization Challenges: While Prophix offers customization options, they often require advanced technical knowledge or the assistance of Prophix consultants, which can be costly and time-consuming for businesses with specific needs.
  • Reporting Limitations: Some users find Prophix's reporting capabilities to be somewhat rigid, making it difficult to create ad-hoc reports or perform complex data analysis without extensive workarounds.
  • Mobile App Functionality: The mobile app's functionality is limited compared to the desktop version, restricting users' ability to perform certain tasks on the go, which can be inconvenient for remote or traveling employees.

Key Features

  • Planning: Centralize data, simplify processes, minimize manual errors and automate consolidation in a single platform. Transform budgets, approve plans and change figures with workflow and automation capabilities. See the big data picture with a centralized data platform. 
    • Personnel: Check the impact of personnel on the consolidated profit with planning features. Capture cost insight and accordingly transform the business model. Automate calculations like payroll taxes, salary adjustments, and bonuses. Prepopuate personnel data by directly linking with external payroll systems. 
    • Scenario: Draft quick and accurate business models for potential scenarios and automate workflow management to speed up the financial process. Get access to real-time company-wide data with seamless integration to expedite planning. 
    • Sales and Revenue: Create detailed plans and add the flexibility to keep tabs on the continuous changes with sales and revenue planning functionality. Optimize revenue streams and predict sales with top-down or bottom-up sales planning. Stay updated with accurate data by creating what-if scenarios and making changes to the macro and micro environment. 
    • Templates: Gather detailed information in data entry templates, while CRM or ERP integration captures transactional data. Make modifications to the revenue recognition without disrupting the data integrity. 
    • Project: Analyze profitability and resource use in quantitative and qualitative terms by tracking process drivers and factors. Automate scheduling, project assigning and communicating. Conduct data analysis, forecast task finances and adapt to changes with metric monitoring and operations regulation tools. 
    • Cash Flow: Break down the siloed system and encourage cross-functional collaboration by providing data access to everyone. Automate cash flow predictions and gain deeper insights into cash shortages and surpluses. Visualize a data sheet with automated plug calculations, income variations and different data models to create a cohesive plan for project managers and stakeholders.  
    • Capital Expenses: Understand how tangible and intangible assets affect the bottom line by tracking actual asset costs. Create automatic depreciation calculation and analyze capital expenditure assumptions by utilizing key performance indicators. Make use of different sources from external ERP to draw expenditures between actual and planned capital spending. 
    • Tracking: Review historical patterns, determine problems and create outline projections. Envision future tax implications. Provide managers with an easy-to-use expense tracking tool and allow stakeholders to watch costs and understand the budget outcome. 
    • Cross Company Financial: Minimize the risk and boost the quality of reporting by determining the factors driving profitability and resource designation. Unify teams to work towards one common goal with an integrated platform.  
  • Forecasts: Make strategic business decisions by creating flexible and accurate forecasts. Ensure consistency with data-driven predictions and keep an eye on the minor changes in the market with rolling predictions. Meet the ever-changing stakeholder’s demands by customizing forecasts based on cash flow, sales and finances. 
    • Mapping: Integrate data directly with the built-in account mapping features. Keep track of input, changes and approvals and consolidate immediate or local changes in the forecasts. Enhance planning capabilities by quickly adapting to the changing needs of the market. 
  • Workflow Automation: Automating repetitive tasks and integrating manual tasks into WorkFlow Manager. Allow collaboration on budgets, Excel modeling and analysis. Save time and boost partnership by directly adding visual data into a PowerPoint slide. Remove data silos by securely integrating with an ERP, CRM and HRIS system. 
  • Financial Consolidation: Streamline financial processes and eliminate manual tasks by automating financial consolidation and data analysis . Record intercompany loans, charge corporate overhead, adjust entries, and stop transactions while meeting regional regulatory standards. Identify risks that could delay close processes with cloud computing and AI. Create detailed and auditable reports to speed up the internal or external audit process. 
  • Reporting and Analytics: Increase productivity and collaboration with performance reporting tools. Centralize data and create custom reports across departments and multiple data sources. 
    • Actionable Reports: Equip finance, sales and operation teams with interactive reports. Generate actionable reports and boost workflow by adding supporting documents to the data, expediting the approval process. 
    • Self-Service Dashboard: Prioritize essential workplace functions like sales, rate of return, margins and efficiency ratio with a self-service dashboard. Identify pending tasks and watch how data points affect business performance. Get insights and boost engagement with AI-powered by natural language processing. 
    • Virtual Assistant: Prioritize tasks, schedule and distribute reports to the team. Assess data provided by Visual Analytics. Customize dashboards with relevant information and simplify data analytics processing with ad hoc reporting and analytics. 
    • KPI Analysis: Update reports and dashboards automatically to identify positive and negative trends using KPI analysis. Track and test for macro and micro uncertainties. Enable data entry for immediate input from any device for problem-solving and recognition. 
    • Automation: Minimize time spent translating complex spreadsheets and remain compliant with GAAP and IFRS. Protect sensitive information and boost cross-functional collaboration. Help stakeholders better understand the output by visualizing transactional data. 
    • Analytics: Identify direct and indirect costs with interactive reports. Save time and mitigate risks with anomaly detection. Identify which products or channels need adjustments, maintenance or termination. 
  • Virtual Financial Analyst: Make manual or verbal requests with a task assistant. Specify the data type, evaluate multiple data points and gain clarity over insights with AI-generated comparative analysis. Detect and identify unusual transactions and speed up investigation and resolution with machine learning. Minimize financial risk with an easy-to-use dashboard and evaluation managed by risk rating. 
OneStream
OneStream
Start Price
$8
Monthly
Analyst Rating
91
SelectHub’s Analyst Rating for OneStream, is based on data from our 400+ point analysis of EPM Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
Company Size
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Deployment
Cloud On-Premise
Platform
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Why We Picked OneStream

OneStream has garnered significant praise for its ability to unify various financial processes, such as financial close, consolidation, reporting, planning, and analysis, into a single platform. Users appreciate the software's flexibility and scalability, allowing them to adapt it to their specific needs and grow with their organization. The platform's Extensible Dimensionality® feature enables users to incorporate additional dimensions and attributes without impacting performance, providing a level of customization that sets it apart from competitors like Oracle Hyperion and SAP BPC. This is particularly beneficial for complex organizations with diverse reporting requirements.

While OneStream offers a robust set of features, some users find the initial learning curve to be steeper compared to other EPM solutions. The software's extensive capabilities and flexibility require a deeper understanding to fully leverage its potential. Additionally, implementing OneStream often necessitates a significant investment in time and resources, particularly for larger organizations with complex financial processes. However, many users believe that the long-term benefits outweigh the initial challenges, citing improved data accuracy, increased efficiency, and better decision-making as key advantages.

OneStream appears to be most suitable for mid-sized to large enterprises with complex financial consolidation and reporting needs. Its ability to handle large data volumes, support multiple currencies and entities, and provide granular reporting capabilities makes it an ideal choice for organizations operating in multiple countries or with diverse business units. The platform's unified approach also benefits organizations seeking to break down silos between finance and operations, fostering collaboration and providing a single source of truth for financial data.

Pros & Cons

  • Unified Platform: Instead of a patchwork of different tools, OneStream offers a single platform for financial consolidation, reporting, planning, and analysis. This can simplify data management and improve data integrity, as users highlight experiencing fewer errors and inconsistencies.
  • Extensible Dimensionality®: Users appreciate the flexibility of OneStream's Extensible Dimensionality®, which allows them to add custom dimensions to their data models without impacting performance. This is particularly helpful for complex organizations with unique reporting requirements, such as those with multiple business units or product lines.
  • Drill-Down Capabilities: The ability to drill down into data is a key feature for many users, and OneStream excels in this area. Users can easily trace data back to its source, which helps them understand the drivers behind their results and identify potential issues. This granular level of detail is often praised in user reviews.
  • Marketplace Solutions: OneStream's Marketplace offers a variety of pre-built solutions that can be easily integrated into the platform. This can save users time and effort, as they don't have to develop custom solutions from scratch. The Marketplace is frequently mentioned as a valuable resource by users.
  • Steep Learning Curve: OneStream's extensive functionality can be overwhelming for new users, often requiring significant training and practice to achieve proficiency. The platform's complexity can lead to a longer implementation time compared to simpler EPM solutions.
  • Cost: OneStream's licensing and implementation costs can be higher than other EPM options, especially for smaller organizations or those with less complex needs. The total cost of ownership should be carefully considered, including software, infrastructure, and ongoing support.
  • Customization Challenges: While OneStream offers extensive customization options, tailoring the platform to specific requirements can be complex and may require specialized skills or external consultants. This can impact the agility and speed of implementation for unique business needs.

Key Features

  • Extensible Dimensionality: Provide a way to manage metadata at different levels of detail for various solutions. Give the business the power to build platforms for the organization at any level without disrupting the accuracy of the consolidation process. 
  • XF Marketplace: Organizations get an opportunity to extend their system’s functionality with a plethora of downloadable and configurable solutions. Add value to the deployment with account reconciliation, task manager, tax provisioning, capital planning. Allow users to search for actions and add them to the platform when needed. Users can add over 30+ apps additionally to the platform. 
  • Customer Reference Ability: Provide organizations with a list of contacts who have replaced old software and implemented the solution. 
  • Financial Closing and Consolidation: Automate data loading and reconciliation. Identify errors both pre- and post-load data validation, resolve issues quickly and close faster. 
  • Account Reconciliation: Get a statistical view of the financial statements, which includes a risk-adjusted datasheet. Acquire a complete audit trail of the reconciliation approvals. Submit account reconciliations without having to wait for the corporation to close the deal. 
  • Planning, Budgeting and Forecasting: Seed budgets and forecast future financials with a powerful interactive tool and no technical knowledge. Boost profitability and build future strategic plans by analyzing sales, production, taxes and insurance. 
  • Reporting and Analytics: Capitalize on marketing opportunities, minimize risk by gaining key insights into monetary and management reporting. Get all the financial and operational data at one place without having to gather information from fragmented tools and sources. Accelerate reporting and decision-making with self-service reporting and ad hoc analysis tools. 
  • Transaction Matching: Accelerate account reconciliations and speed up the financial close by matching transaction data from multiple sources. Use the unified platform to reduce data latency and cost. Improve the accuracy of financial statements. 
  • Compliance Solutions: Get global reporting requirement support such as US, GAAP, IFRS and other local standards with a built-in financial intelligence tool. Stay ahead of the new guidelines by capturing required details. Perform accurate calculations and reporting for new requirements. 
  • Financial Signaling: Capture, map and load millions of rows of weekly data from various sources such as CRMs and ERPs without third-party involvement. Ensure security and governance with a flexible unified data model for users across the Office of Finance and Line of Business. Get self-service visualizations and use a dashboard to see all sources of data. 
  • Financial Data Quality: Directly integrate to any open GL/ERP system with pre-built integration connectors. Ensure the certification process is done correctly with pre and post-loading data validations and confirmations. Get complete visibility from data to source with 100% transparency and audit trails for data, metadata and process change. 
  • Tax Provision: Reduce risk and ensure consistency in tax calculation by automating and streamlining tax data collection and validation. Generate footnotes, management reporting, report consolidated and statutory effective tax rates. Minimize reconciliation by automating reporting and exporting data to tax compliance systems. 
  • People Planning: Use pre-built global drivers for salary, benefits and payroll taxes for real-time dynamic planning. Build extended planning analysis by empowering managers to plan for new hires and implement changes for compensation, benefit, tax, travel and more. Boost collaboration by sharing insights using built-in reports and visualizations. Ensure critical analysis and well-informed decision-making. 
  • Sales Planning: Drive performance by managing territories and setting quotas and sales targets. Create dynamic sales plans by extending financial goals with pre-built drivers based on regional and territory financial targets. Boost collaboration and communication using pre-made reports. 
  • Capital Planning: Provide a better-controlled environment by enabling departmental level asset capital planning and accountability. Standardize life assumptions and depreciation calculations by using pre-built global drivers by asset class. Enhance dialogue with partners by sharing insights and collaborating using built-in reports and visualizations. 
  • Profitability Analysis: Manage allocation by eliminating spreadsheets and offline processes with a unified solution. Create model plans to determine the impact of pricing, new products and mix changes on customers. Get insights into different dimensions like profitability by products, customers and channels and empower managers to make informed decisions. 
  • Predictive Analysis: Minimize reliance on spreadsheets, disparate systems and non-finance resources by automatically generating forecasts from over 10 built-in predictive analysis models. Increase collaboration by sharing insights using reports and visualization tools. Remove bias by creating predictive models for forecast validation. 
Tagetik Award
Tagetik
Tagetik
Start Price
$50,000
Annually
Analyst Rating
91
SelectHub’s Analyst Rating for Tagetik, is based on data from our 400+ point analysis of EPM Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Why We Picked Tagetik

Tagetik, a financial performance management software, has garnered positive feedback for its robust functionality and flexibility. Users appreciate its ability to handle complex financial processes, such as consolidations, budgeting, and forecasting, with ease. Its strength lies in its ability to adapt to unique business requirements, allowing for customization and integration with existing systems. For instance, one user highlighted how Tagetik seamlessly integrated with their ERP system, streamlining data flow and reducing manual effort. This adaptability sets it apart from competitors that offer more rigid solutions.

However, some users noted that Tagetik's extensive features can lead to a steeper learning curve. The initial setup and configuration may require more time and effort compared to simpler software options. Additionally, while Tagetik offers comprehensive customer support, some users expressed a desire for more readily available resources and documentation. Despite these challenges, users generally agree that Tagetik's capabilities outweigh its complexities, making it a valuable tool for organizations with intricate financial needs.

Tagetik is best suited for mid-sized to large enterprises with complex financial operations and a need for advanced reporting and analytics. Its scalability and adaptability make it an ideal choice for organizations seeking a comprehensive solution to manage their financial performance effectively. While the initial learning curve may require investment, the long-term benefits of improved efficiency, accuracy, and insights make Tagetik a worthwhile consideration for businesses looking to elevate their financial management processes.

Pros & Cons

  • Streamlined Financial Close: Tagetik's automation features, such as its consolidation engine and intercompany reconciliation tools, help expedite the financial close process, saving valuable time and resources for accounting teams.
  • Enhanced Data Accuracy: The platform's data validation rules and audit trails minimize errors and ensure data integrity, leading to more reliable financial reporting.
  • Improved Collaboration: Tagetik's centralized platform facilitates communication and collaboration among finance and accounting teams, breaking down silos and promoting a more cohesive work environment.
  • Regulatory Compliance: Tagetik helps organizations comply with complex financial regulations, such as IFRS and GAAP, by providing pre-built reporting templates and disclosure checklists.
  • Steep Learning Curve: Tagetik's robust functionality comes at the cost of complexity, often requiring extensive training and onboarding for users to become proficient. The interface can feel overwhelming for new users due to the multitude of features and options available.
  • Customization Challenges: While Tagetik offers a high degree of customization, implementing and managing these customizations can be resource-intensive and may require specialized technical expertise. This can lead to increased implementation time and costs for organizations with unique requirements.
  • Performance Issues: Some users report experiencing performance slowdowns, particularly when working with large datasets or complex reports. This can impact productivity and user satisfaction, especially during critical financial closing periods.

Key Features

  • Rolling Forecasts: Develop in-depth rolling forecasts with this function in the budgeting, planning and forecasting module. Users may integrate data from tactical plans, budgets and actuals and make modifications to costs and revenue targets, generating a better estimate for fiscal year outcomes. 
  • Consolidation Cockpit: Access a specific dashboard that enables users to supervise every consolidation step and study results in the consolidation apparatus. The cockpit also exhibits particular data methods that should be performed with consideration to a specific consolidation situation. 
  • Communications: Collaborate with users across departments via comments, instant messaging or email concurrently with managers tracking project progress through dashboards in the collaboration component. 
  • Disclosure Management: Merge with Microsoft Office, ERPs, CRMs and other existing programs with this tool. Users may also coordinate text to numbers with instant narrative adjustments, reduce version overlap with support from other users, receive a centralized location of data and accelerate disclosure with pre-set templates. 
  • Compliance Regulatory Reporting: Obtain every necessary thing to expedite the regulatory reporting process while dwindling reporting sequences. Users can efficiently comply with pre-packaged solutions, diminish hazards with standard calculations and files and modify changes. 
  • Smart Reporting and Analytics: Implement documents and data queries that are equipped with financial intelligence analytical tools. 
  • On-the-Fly Analysis:  Adjust report frameworks and breakdown interior and exterior data to study outcomes rapidly.  
Jedox Award
Jedox
Jedox
Start Price
$160
Monthly
Analyst Rating
90
SelectHub’s Analyst Rating for Jedox, is based on data from our 400+ point analysis of EPM Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
Company Size
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Deployment
Cloud On-Premise
Platform
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Why We Picked Jedox

Jedox has garnered a reputation for its robust data modeling capabilities and Excel integration, making it a popular choice for organizations with existing Excel-based processes. Users appreciate the familiar interface and the ability to leverage their existing Excel skills, reducing the learning curve and facilitating user adoption. The platform's strength lies in its ability to handle complex calculations and data manipulations, making it suitable for financial planning, budgeting, and forecasting tasks. However, some users find the interface outdated and less intuitive compared to modern cloud-based solutions. Additionally, while Jedox offers cloud deployment options, its on-premise roots can lead to challenges with scalability and accessibility for remote teams.

When compared to competitors like Anaplan and Adaptive Insights, Jedox stands out with its powerful OLAP engine and Excel integration. This makes it a preferred choice for organizations that prioritize data analysis and manipulation capabilities. However, Jedox may fall short in terms of user-friendliness and collaboration features, where cloud-native platforms often excel. The platform's pricing structure, which can be complex and involve multiple components, is another factor that potential users should carefully consider. Ultimately, Jedox is best suited for organizations with strong Excel expertise and a need for advanced data modeling and analytical capabilities, particularly in finance and controlling departments.

Pros & Cons

  • Excel Integration: Jedox seamlessly integrates with Excel, allowing users to leverage their existing spreadsheet skills and formulas while benefiting from enhanced data analysis and reporting capabilities. This familiarity reduces the learning curve and empowers users to quickly adapt to the platform.
  • OLAP Server: The integrated OLAP server enables efficient data analysis across multiple dimensions, empowering users to slice and dice information, drill down into details, and gain deeper insights from their data. This capability is particularly valuable for complex financial modeling and reporting tasks.
  • Web-Based Interface: Jedox offers a user-friendly web-based interface that allows access to reports and dashboards from anywhere with an internet connection. This accessibility promotes collaboration and facilitates data-driven decision-making across teams and departments.
  • Steep Learning Curve: Many users find Jedox to be quite complex, especially those transitioning from simpler spreadsheet applications. The interface, while feature-rich, can feel overwhelming to new users due to the multitude of options and functionalities.
  • Performance Issues: Some users report experiencing slow performance, particularly when working with large datasets or complex models. This can hinder productivity and lead to frustration, especially for time-sensitive tasks.
  • Limited Mobile Functionality: The mobile app for Jedox has received criticism for its limited functionality compared to the desktop version. This can be a drawback for users who require on-the-go access to their data and models.
  • Cost: Jedox's pricing structure can be a barrier for smaller businesses or those with limited budgets. The cost of licenses and implementation services can add up quickly, making it a significant investment.

Key Features

  • Data Integrations: The platform’s built-in integration tool, Jedox Integrator, uses extract, transform, load (ETL) processes to wrangle data. It creates a seamless integration for self-service connectivity, with more than 50 out-of-the-box connectors and more available for various databases, cloud data sources, ERP, CRM, BI and marketing systems. 
  • Excel Add-in: Jedox enables users who are more comfortable working in Excel to access the budgeting, forecasting, planning and analytical functionalities of the platform from the native Excel environment. Users can convert their spreadsheets into the solution, building on their existing knowledge of Excel. 
  • Pre-Built Business Content: The solution has a marketplace of pre-built application models and templates tailored for users from industries such as finance, sales, human resources and more. These models come with best-practice solutions to help users start exploring their data quickly.
  • Predictive Analytics: Jedox uses advanced in-memory modeling and artificial intelligence to help users circumvent the volatility of ever-changing data, running what-if scenarios, trend analysis and more. 
  • Data Governance: Jedox allows administrators to manage access to sensitive information at a granular level down to a single cell. It also provides role-based access, event-driven user interactions, audit logs and differentiated licenses for various user types.
  • Mobile App: Jedox has a native, touch-friendly app for iOS and Android systems that helps employees out of the office stay connected to their reports and analytics. The app supports sharing and offline access capabilities.
Planful Award
Planful
Planful
Start Price
$1,250
Monthly
Analyst Rating
88
SelectHub’s Analyst Rating for Planful, is based on data from our 400+ point analysis of EPM Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
Company Size
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Deployment
Cloud On-Premise
Platform
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Why We Picked Planful

Planful has garnered a reputation for its robust financial reporting and analysis capabilities, particularly excelling in budgeting, forecasting, and consolidation. Users appreciate the software's ability to handle complex financial models and its flexibility in generating custom reports. The platform's intuitive interface and user-friendly design have also been praised, making it accessible to both finance professionals and non-financial users. However, some users have noted that the initial setup and implementation process can be time-consuming and may require significant support from Planful's team. Additionally, while Planful offers a wide range of features, some users have expressed a desire for more advanced functionality in areas such as workforce planning and project accounting.

Compared to competitors like Adaptive Insights and Vena Solutions, Planful stands out for its comprehensive financial consolidation capabilities and its ability to handle large volumes of data. Its reporting and analytics tools are also considered to be more user-friendly and customizable. However, Adaptive Insights may be a better choice for organizations seeking a more cloud-based solution with stronger integrations with other business applications. Vena Solutions, on the other hand, may be more suitable for companies with complex financial modeling needs due to its Excel-based interface.

Overall, Planful is best suited for mid-sized to large enterprises with complex financial reporting and analysis requirements. Its strengths lie in its budgeting, forecasting, consolidation, and reporting capabilities, making it an ideal choice for organizations looking to streamline their financial processes and gain deeper insights into their financial performance. However, companies with limited IT resources or those seeking a more cloud-based solution may want to consider alternative options.

Pros & Cons

  • Streamlined Financial Close: Planful helps automate routine tasks like data consolidation and report generation, which can significantly reduce the time it takes to close the books each month. This efficiency is often praised by users in fast-paced environments.
  • Improved Forecasting Accuracy: The platform's forecasting tools leverage historical data and predictive analytics to generate more accurate forecasts. Users appreciate this feature as it allows for better-informed decision-making and resource allocation.
  • Enhanced Collaboration: Planful provides a centralized platform for finance teams to collaborate on budgeting, forecasting, and reporting. This feature improves communication and transparency within the department, leading to more cohesive financial strategies.
  • Customizable Reporting: Users frequently highlight the ability to create custom reports tailored to their specific needs. This flexibility allows finance teams to analyze data from multiple angles and gain deeper insights into their financial performance.
  • Steep Learning Curve: Many users find Planful's interface to be complex and unintuitive, requiring significant time investment to learn the system's intricacies. The abundance of features can be overwhelming for new users, leading to frustration and a slow adoption rate within organizations.
  • Customization Challenges: While Planful offers customization options, implementing them often requires advanced technical skills or reliance on the vendor's professional services, which can be costly. This limitation can hinder organizations with unique workflows or reporting needs from fully tailoring the software to their specific requirements.
  • Reporting Limitations: Some users report that generating specific or ad-hoc reports can be cumbersome in Planful. The system's pre-built reports may not always cater to every organization's needs, and creating custom reports may require technical expertise or additional support.
  • Performance Issues: A segment of users has mentioned experiencing slow loading times and occasional system lags, particularly when working with large datasets or complex reports. This can impact productivity and user satisfaction, especially for organizations with high data volumes or demanding reporting requirements.

Key Features

  • Modern Tools: Combine the need for structured and dynamic planning to empower organizations to make well-informed decisions in a quick and strategic manner.  
  • Financial Consolidation: Accelerate month-end closing cycles with financial consolidation. Enhance financial planning and reporting by leveraging data from a single source of truth. Get pre-built consolidation functionality for currency conversion and reporting, currency translation adjustment calculations and posting. Implement functional, administrative and setup changes without the need for IT experts. Boost teams’ agility when reacting to changes in organization, strategy, regulation and accounting protocol. Ensure trusted and consistent global reporting by automatically mapping financial data. Keep tabs from start to end on balances, and analyze financial data across consolidation activities.  
  • Structured Planning: Save time and reduce errors by automating labor-intensive financial planning activities. Avoid costly and disruptive customization fees, save time and reduce risk of error with predefined planning and reporting templates. Automate integration from any ERP, CRM or HCM. Create a single source of financial truth by automatically collecting, aggregating and validating financial data. Ensure consistency and accuracy by creating and modifying structured financial reports and elevating financial conversations. 
  • Dynamic Planning: Analyze, plan and make confident decisions with dynamic planning. Build custom-tailored financial models. Leverage customization across processes, functions and use cases. Configure planning experiences and give users the flexibility to plan for anything. Connect data sources from separate systems in one unified, cloud-based platform. Boost financial decision making with a single source of truth. Get insights and make course corrections with real-time data refreshing. Inculcate companywide collaboration culture by providing the right data at the right level to the right person.  
  • Integration: Automate data integration to reduce manual intervention and easily transform data with over 200 pre-built connectors. Adjust to automatic data processing with a growing integration platform. Check status and activity of deployed integrations from a centralized place. Ensure data integration process flows are repeatable, automated and secure, and provide audit trails required by internal and external auditors. Understand changes in data with multiple validation points across integration workflows. 
  • Reporting: Leverage reporting formats and delivery options to meet financial, management and ad hoc needs. Ensure data accuracy and transparency with self-service reporting and automated report distribution. Automate collection and aggregation of financial and business data into a single cloud-based platform. Ensure everyone is working with current and accurate information derived from a single source of truth. Boost financial IQ with self-service reporting capabilities. Create a more agile environment with impactful financial decision making. 
  • Annual Operating Plan: Build collaborative financial plans that align with business objectives. Turn annual plans into quarterly or monthly rolling forecasts, and check models for different scenarios to determine how to realign and adjust strategies.  
  • Workforce Planning: Plan accordingly for workforces by connecting HR, finance and operational data together. Create a headcount plan that can be adjusted to changing marketing requirements. Gain insight to build winning strategies and utilize employees as strategic assets. Boost financial IQ to understand and influence impacts on the financial health of workforce costs.  
  • Cash Flow Forecasting: Assess the impact of decisions by gaining complete control and visibility over finances. Reallocate cash by identifying trends and understanding levers. Mitigate cash flow risk by adjusting investment opportunities.  
  • Scenario Analysis: Analyze every option by planning across multiple case scenarios and assessing key drivers. Bring agility by optimizing current period results. Gain the flexibility to discover deeper insights across a broad range of models. Align executives and business partners with data-driven decisions. Check the impact of plan changes from every level with immediate results. 
  • Rolling Forecasts: Adjust to sudden changes, keep forecasts current and business agile with continually rolling planning periods. Automatically keep tabs on the impact of actuals on forecasted trends. Improve risk analysis by quickly identifying opportunities and risks as business landscapes evolve. Align rolling forecasts by collaborating across different departments. Gain real-time insights to redirect resources and priorities and align them with business objectives.  
SAP Analytics Cloud Award
SAP Analytics Cloud
SAP Analytics Cloud
Start Price
$36
Per User, Monthly
Analyst Rating
88
SelectHub’s Analyst Rating for SAP Analytics Cloud, is based on data from our 400+ point analysis of EPM Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Why We Picked SAP Analytics Cloud

SAP Analytics Cloud is a powerful data visualization tool that helps users explore data in an easy-to-understand format and discover metrics that help them make informed decisions.

Many users who reviewed visualization said that the platform has rich graphics libraries and a range of templates for story presentation of business metrics. Citing its aesthetic design, a majority of users said that the solution’s interface is intuitive for programmers and non-technical users alike. Mentioning its strong predictive and augmented analysis capabilities, a lot of users said that the platform is a strong planning tool and helps them gain business insights easily. Many users said that the tool works well on a plethora of devices, including mobile, and is accessible on multiple browsers, though some users said that its offline mode capabilities are limited. Most of the users who reviewed data integrations said that the tool handles large amounts of data seamlessly, though quite a few users said its compatibility with live connection data sources is limited to other SAP products. Reviewing functionality, a majority of users said that the tool is versatile and scalable to ensure a great end-to-end user experience, though some said that it needs more features, such as improved live data analytics.

The solution does have its limitations, though. Around 85% of users who reviewed its performance said that it struggles at the enterprise level, though quite a few users said that it performs exceedingly well within the SAP ecosystem. A majority of the users who mentioned reporting said that the solution lacks automatic report distribution and broadcasting capabilities, though some said that it has excellent analytical and data-oriented report creation. Many users who discussed data management complained that the process for updating an existing data model needs a lot of rework, and that the solution needs more versatile modeling features.

Overall, SAP Analytics Cloud is a planning tool with strong BI capabilities that brings the power of cloud computing to self-service data analysis for gaining actionable insights into business metrics.

Pros & Cons

  • Data Visualization: Approximately 91% of users who reviewed visualization said that they can customize dashboards effortlessly with the solution’s wide range of templates and graphics libraries.
  • Ease of Use: Citing the platform’s modern and intuitive interface, around 89% of users said that the platform makes it easy to develop stories without technical knowledge thanks to Smart Discovery.
  • Data Analysis: Mentioning its forecasting and predictive analysis capabilities, approximately 87% of users said that the solution enables collaborative enterprise planning via statistical and predictive analysis.
  • Web and Mobile Accessibility: Discussing its easy accessibility on multiple browsers, around 72% users said that the platform works well on a wide range of devices.
  • Data Connectivity: Approximately 70% of the users who mentioned integration said that the tool, with strong live data connections, integrates well with other applications and data sources.
  • Functionality: Around 55% of the users who discussed features said that the tool is scalable and quite versatile, with frequent updates.
  • Performance: Approximately 85% of users who reviewed performance said that some features do not work well at the enterprise level.
  • Reporting: Around 58% of users who mentioned reporting said that report creation with the tool is complicated and needs IT support.
  • Data Management: Approximately 52% of users who discussed data preparation said that the platform needs more ubiquitous data modeling capabilities.

Key Features

  • Data Preparation: Alerts as to possible errors and automatically cleans data through machine learning technology to enhance data for deeper insights. Offers context-based suggestions for better data preparation and data visualizations through Smart Transformations.
  • Chat With Data: Type questions into the Search to Insight bar in natural language to instantly create visualizations — no syntax mastery necessary. Analyze data easily, similar to using a search engine.
  • Instant Data Visualization: See the full picture in seconds; the solution generates interactive charts and graphs automatically upon query.
  • Predictive Forecasting: Generates prediction models that learn from historical data to automatically detect risks and predict what is likely to happen in the future.
  • What-If Analysis: Create what-if simulations through the power of self-service machine learning. Plan for the next steps by fine-tuning prediction scenarios based on confidence levels.
  • Highlight KPIs: Answer the “why” and “what” questions through augmented analytics. Identify the top contributors to business performance — the people, products and processes that contribute to the overall story.
  • Analyze Anomalies: Take corrective action aided by Smart Discovery, which automatically points out outlying data.
  • Hybrid Analytics: Protect technology investments by continuing to manage on-premise systems and existing data infrastructure, while simultaneously moving towards the future by leveraging the cloud. Supports a wide range of data connections, ensuring import and access to data from any source to maintain a 360-degree view of the business.
  • Partners: Over 100 partners offer upwards of 430 analytical extensions in the SAP App Center that provide additional value and industry specific applications to the platform.
  • Built-In Collaboration: Create discussions, assign tasks and deadlines and comment on data points. Share information and interact with each other continuously on screen.
  • Mobile App: Stay connected to the Cloud via a responsive, interactive iOS app.
Kepion Award
Kepion
Kepion
Start Price
$1,800
Monthly
Analyst Rating
87
SelectHub’s Analyst Rating for Kepion, is based on data from our 400+ point analysis of EPM Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
Company Size
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Deployment
Cloud On-Premise
Platform
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Why We Picked Kepion

User reviews from the past year suggest that Kepion is a strong contender in the EPM software arena, particularly praised for its robust budgeting and forecasting functionalities. Users highlight its intuitive interface as a major strength, making it easier to adopt than more complex platforms like Oracle Hyperion. However, some users have pointed out that Kepion's reporting capabilities, while functional, could benefit from more customization options. A key differentiator is its seamless integration with Microsoft products, a major plus for organizations heavily reliant on the Microsoft ecosystem. This native integration streamlines data flow and enhances user experience, making it a more attractive choice than standalone solutions.

Overall, Kepion seems best suited for mid-sized businesses looking for a user-friendly yet powerful EPM solution tightly integrated with Microsoft technologies. Its robust planning features and intuitive design make it a good fit for companies aiming to streamline their budgeting and forecasting processes without a steep learning curve. However, organizations requiring highly customized reporting might need to consider other options or factor in potential development costs.

Pros & Cons

  • Financial Consolidation and Reporting: Kepion streamlines the process of consolidating financial data from multiple sources, making it easier to generate accurate and timely financial reports.
  • Budgeting and Forecasting: Users praise Kepion for its robust budgeting and forecasting capabilities, enabling them to create detailed budgets, perform what-if analysis, and forecast future performance with greater accuracy.
  • Reporting and Dashboards: Kepion offers powerful reporting and dashboarding features, allowing users to create visually appealing and informative reports and dashboards that provide insights into key business metrics.
  • Difficult to Learn: Some users have reported that Kepion has a steep learning curve, especially for those new to corporate performance management (CPM) software. They found the interface to be complex and not intuitive, requiring extensive training to use effectively.
  • Limited Reporting Capabilities: Users have expressed frustration with Kepion's reporting functionality, citing limitations in customization and formatting options. Generating specific reports or tailoring them to their needs proved to be challenging.
  • Slow Performance: Performance issues, particularly with large datasets or complex calculations, have been a common complaint among Kepion users. Slow loading times and processing speeds can hinder productivity and efficiency.

Key Features

  • Finance
    • Planning, Budgeting and Forecasting: Craft and collaborate on sales plans that align with finance, sales and operation teams. Review new possibilities with real-time analytics. 
    • Dashboards and Scorecards: Reduce discrepancies and merge company performance information with a real-time centralized hub. Allocate key objectives and metrics throughout departments efficiently. 
    • Reporting and Analysis: Answer the hard questions with drilled-down reporting and analytical modules. Publish and share documentation, obtain purchasing information and offer detailed updated commentary. 
  • Sales
    • Revenue Planning: Input volume for automatic gross sales ciphering. Merge revenue plans with CRM or other enterprise systems. 
    • Sales Planning: Include units and pricing details into plans to merge historical and forecasted sales in the same window. Maximize estimates to align with tactical sales objectives, permitting a robust bond between profit outlooks with quota benchmarks. 
    • Sales and Operations Planning: Conduct real-time reporting and analysis on KPIs and actuals with administrative dashboards for timely access. 
  • Supply Chain
    • Supply Planning: Alter demand and supply guidelines for swifter comprehension of changes and inconsistencies in supply chains. Trace distribution workflow amounts, fees and KPIs while maintaining inventory to diminish overstocking. 
    • Demand Planning: Craft collaborative plans for sales, distribution and bookkeeping sectors in one place. Manage product lifecycles with real-time portfolio data. 
    • Project Planning: Establish new projects, modify resources and prices and review real-time layered financial report revisions. Pinpoint tasks and distribute resources quickly. 
  • Workforce/IT
    • Workforce Planning: Merge this system with HR tools to track labor charges and discover how vital assets affect company performance. Gauge numerous financial scenarios to interpret start date adjustment effects, raise assumptions and bonus frameworks. 
    • Expense Planning: Develop several what-if experiments with numerous expense models to better grasp how specific impacts affect organization goals. 
    • Capital Asset Planning: Track asset values after some time automatically. Input new asset items and types into this solution and it will automatically arrange them. 

COMPARE THE BEST EPM Software

Select up to 5 Products from the list below to compare

 
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Score
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SelectHub’s Analyst Rating is based on data from our 400+ point analysis of EPM Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
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Company Size
Deployment
Platform
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Oracle EPM
100
$250
Per User, Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Oracle EPM
Anaplan
94
$20,000
Annually
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Anaplan
Adaptive Planning
94
$3,000
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Adaptive Planning
Prophix
91
$3,000
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Prophix
OneStream
91
$8
Monthly
No
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
OneStream
Tagetik
91
$50,000
Annually
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Tagetik
Jedox
90
$160
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Jedox
Planful
88
$1,250
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Planful
SAP Analytics Cloud
88
$36
Per User, Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
SAP Analytics Cloud
Kepion
87
$1,800
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Kepion

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Solver

by Solver
Solver
Solver BI360 is a corporate performance management suite that assists organizations in reporting, data warehousing, dashboarding and analysis, and budgeting and forecasting. Deployable either on-premise or in the cloud, it integrates with many data sources, including accounting, ERP and CRM. It pulls data from a multitude of data sources and enables report designing from within Excel itself, boosting productivity and accelerating decision-making processes. It caters to growth-focused organizations, from small businesses to large enterprises, and serves customers across the globe with its teams located in North America, Latin America, Africa, the Asia Pacific and Europe.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$100 - $500
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Envisio

by Envisio Solutions
Envisio
Envisio is a comprehensive software solution designed to streamline strategic planning, performance management, and reporting. It is particularly well-suited for public sector organizations, educational institutions, and non-profits due to its robust features that facilitate transparency, accountability, and alignment with organizational goals. Envisio enables users to create, track, and manage strategic plans, ensuring that all tasks and objectives are aligned with the overarching mission. Key benefits include enhanced visibility into progress, improved collaboration across departments, and data-driven decision-making. Popular features encompass real-time dashboards, automated reporting, and customizable templates, which collectively simplify the strategic planning process. Compared to similar products, users often highlight Envisio's user-friendly interface and strong customer support. Pricing details are typically customized based on organizational needs, so it's advisable to contact SelectHub for a tailored quote. This ensures that the pricing aligns with the specific requirements and scale of the organization.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$1,000 or more
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Jedox

by Jedox, Inc.
Jedox
Jedox is a solution that helps organizations optimize business processes such as budgeting and forecasting through efficient planning, analysis and reporting. Easy to set up and maintain, it has the flexibility to seamlessly integrate with other sources and be tailored to specific needs and industry requirements. Through intuitive user interfaces as well as mobile accessibility, employees of all technical skill levels can work with data on a self-service basis. It provides flexible deployment options, including SaaS, public or private cloud, on-premises and hybrid.There are four pricing plans which fulfill the varying requirements of different organizations: Essential, Business, Professional and Performance. Suitable for companies of any size, it can help small and midsize businesses make the jump from spreadsheets to a method of more accurately and transparently planning for the future. It also assists global enterprises in centralizing and streamlining their operations for greater efficiency.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$100 - $500
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Tallyfy

by Tallyfy
Tallyfy
Tallyfy is a sophisticated software solution designed to streamline workflow and process management. It enables organizations to automate repetitive tasks, ensuring consistency and efficiency across various operations. The platform is particularly well-suited for businesses that require meticulous process documentation and task tracking, such as those in healthcare, finance, and legal sectors. This is because Tallyfy excels in providing clear, step-by-step workflows that reduce errors and enhance productivity. Key benefits of Tallyfy include improved operational transparency, reduced manual errors, and enhanced collaboration among team members. Popular features encompass customizable templates, real-time progress tracking, and seamless integration with other business tools. Users appreciate its intuitive interface and the ability to easily monitor and adjust workflows as needed. Compared to similar products, Tallyfy is often praised for its user-friendly design and robust functionality. Pricing details are typically tailored to the specific needs of the organization, so it is advisable to contact SelectHub for a personalized quote.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$10 or less
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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SAP Profitability and Performance Management

by SAP
SAP Profitability and Performance Management
SAP Profitability and Performance Management is a sophisticated software solution designed to enhance enterprise performance management (EPM) and financial planning and analysis (FP&A). It excels in providing detailed insights into profitability and operational performance, making it ideal for large enterprises and organizations with complex financial structures. This software is particularly beneficial for industries that require granular financial analysis and strategic planning, such as manufacturing, finance, and retail. The software offers a plethora of features, including advanced data modeling, real-time analytics, and scenario planning. These capabilities enable users to make informed decisions, optimize resource allocation, and improve overall financial health. Users appreciate its robust integration with other enterprise systems, which streamlines data consolidation and reporting processes. Compared to similar products, SAP Profitability and Performance Management stands out for its comprehensive functionality and scalability. However, pricing details are typically customized based on the specific needs of the organization, so it's advisable to contact SelectHub for a tailored quote.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$100 - $500
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Business Automation Workflow

by IBM
Business Automation Workflow
Business Automation Workflow is an IBM-led, ready-to-use tool of Cloud Pak for Business Automation, which works on-premise or cloud. As a combination of a case and process manager, it provides a modern workflow-building interface, allowing users to create tasks in different tools. It creates unified data records linked by case or customers. Businesses get a 360 degree view of the work and transform workflow using advanced analytics, business rules and collaboration tools.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$100 - $500
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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InPhase

by INPHASE LIMITED
InPhase
InPhase is an end-to-end scalable platform that enables organizations to make the most out of business data, improve decision-making and troubleshoot issues. It generates and delivers easy-to-interpret data insights to relevant stakeholders faster through dashboards and automated routing. Organizations can avert crises, anticipate outcomes and prevent wasted efforts using robust KPI monitoring and predictive analytics. Easy to customize, use and scale, it offers optional ready-to-use packages to facilitate various business processes. It also provides data consistency, mobility, communication and team planning modules to enable remote collaboration across devices. The vendor provides onboarding in days and offers extensibility through development to tech-savvy users.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Brightidea

by Brightidea
Brightidea
Brightidea is a cloud-based idea management software solution by Ideawake that helps organizations collect and effectively manage various innovative ideas, crowdsourcing them and enabling collaboration. It also keeps track of the performance through every stage. Depending upon the feasibility and cost-effectiveness, user initiatives are rated and evaluated. The portal gives everyone the freedom to check on the current and future financial standing of the organization. From news feed, collaborative work, ideation, mind mapping, status tracking, idea management, everything is included.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Quantrix

by Quantrix
Quantrix
Quantrix is a noteworthy software solution that ranks 29 among all EPM Software according to our research analysts and 16 crowd-sourced reviews from 1 source. Quantrix can be deployed in the cloud and on-premise and is accessible from a few platforms including Windows devices. Similar alternatives to Quantrix include StratPlan, CorVu and Brightidea.
User Sentiment User satisfaction level icon: good
Cost Breakdown
$100 - $500
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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TallyPrime

by Tally Solutions Private Limited
TallyPrime
TallyPrime is a business management software catering primarily to small and medium-sized businesses (SMBs) across various industries. It offers a comprehensive suite of features encompassing accounting, inventory, taxation, payroll, and compliance management. Prized for its user-friendly interface and robust data security, TallyPrime simplifies financial tracking, reporting, and inventory control. Popular features include multi-lingual support, remote access capabilities, and customizable dashboards for real-time business insights. Compared to similar products, users praise TallyPrime's affordability, strong customer support, and ease of implementation. However, some find its interface less modern and its reporting functionalities less flexible than competitors. Pricing typically falls within the mid-range for SMB accounting software, with options for one-time purchases or annual subscriptions based on the number of users and required modules. Pros User-friendly interface Robust data security Affordable pricing Strong customer support Easy implementation Cons Less modern interface Limited reporting flexibility Not ideal for large enterprises Fewer integrations compared to competitors Occasional performance issues
Cost Breakdown
$10 or less
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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IBM Planning Analytics

by IBM
IBM Planning Analytics
IBM Planning Analytics is a multidimensional in-memory database for analytics and planning. Part of the IBM Analytics Suite and powered by TM1, it provides forecasting, budgeting and reporting at an enterprise scale through data compression. With all data connected to a central hub, it enables collaborative planning with workflow approvals and review protocols in place. Enterprises perform OLAP analysis faster through in-memory technology.Integrating with Microsoft Excel, it gives businesses the ease and familiarity of working with spreadsheets with the power of an enterprise database. With automated time-series modeling, it enables self-service predictive analysis. The vendor offers a 30-day free trial.
Cost Breakdown
$500 - $1,000
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Tagetik

by Tagetik Software
Tagetik
Tagetik is a broad all-in-one financial ERP with various modules such as budgeting, planning and forecasting, financial reporting, disclosure management, compliance regulatory reporting and more.It runs on a unified apparatus that fuses finances and operations while facilitating consolidations and closes, scheduling, analytics and documentation, disclosures and compliance. Its deployments include cloud and on-premise.
Cost Breakdown
$1,000 or more
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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LucaNet

by LucaNet
LucaNet
LucaNet is an up-and-coming software product that ranks 30 among all CPM Software according to our research analysts and 24 crowd-sourced reviews from 1 source. Starting from $0, LucaNet is priced at no cost when starting, commonly offers a free trial and is most applicable for medium sized companies. LucaNet can be deployed in the cloud and on-premise and is accessible from a limited amount of platforms including Windows and Linux devices. Similar alternatives to LucaNet include TallyPrime, Business Automation Workflow and Tallyfy.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$10 or less
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Unit4 ERP

by UNIT4
Unit4 ERP
Unit4 ERP leverages a natural language digital assistant to expedite day-to-day business activities and provides a seamless user experience. Its financial management module offers real-time visibility and control over each stage of the record-to-report cycle. It consolidates enterprise-wide data within a unified system to streamline budget planning and analysis. Automate and streamline project life cycles, optimize resource utilization and execute projects with precision with the project management inclusion.
User Sentiment User satisfaction level icon: good
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Adeptia

by Adeptia
Adeptia
Adeptia is a self-service integration solution that helps B2B data onboarding companies upload customer information faster into multi-enterprise business ecosystems. It combines the complete functionality of B2B connectivity and ETL data integration on one interface. It brings together the various parts of the data pipeline by connecting internal modules with external business partners through automated data flows.Data in virtually any format can be converted to any other data type through transformation workflows. With full visibility regarding security and governance, the data integrator’s IT team sets up and enables everything for business customers to leverage it on an ongoing basis.
Cost Breakdown
$500 - $1,000
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Kepion

by Kepion Solution
Kepion
Kepion streamlines company-wide planning and analysis to improve decision-making. Its primary modules include finance, sales, IT and workforce. It aligns plans with business objectives to simplify workflows.It enables operation and data modeling for what-if situations. Dig deep into reports for supply chain and KPI evaluations. It also tracks information revisions in real time.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$1,000 or more
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request with no obligation:
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CorVu

by Rocket Software, Inc.
CorVu
Rocket CorVu is an analytics solution that transforms raw data into meaningful intelligence and data visualizations that inform better decision-making. Users can establish and maintain up-to-date visibility of enterprise data through dashboards and reports. The main offering is CorVu NG, while the company also offers five additional components: CorBusiness, CorStrategy, CorRisk, Rocket HyperVu and Rocket CorPortfolio. Working together, they simplify and speed up performance management and centralized reporting for organizations of all sizes. Originally founded in 1990 in Sydney, Australia, Rocket acquired it in 2007.
Cost Breakdown
$100 - $500
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request with no obligation:
Demo Pricing

StratPlan

by Global Business Consultants
StratPlan
StratPlan is a rising solution that ranks 38 among all EPM Software according to our research analysts and 4 crowd-sourced reviews from 1 source. Starting from $29, StratPlan is priced within reason, commonly offers a free trial and is most applicable for all business sizes. StratPlan can be deployed in the cloud. Similar alternatives to StratPlan include Brightidea, SAP Profitability and Performance Management and Solver.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Demo Pricing

Board

by Board International
Board
Board Intelligent Planning Platform is a business planning tool that gives companies of all sizes resources to empower themselves and develop better, future-proof practices. It’s especially useful to businesses that have financial, supply chain, sales and operations, and merchandise and retail planning needs. The software utilizes the Microsoft Azure cloud to give users access from any connected device and uses a low-code customization environment so even the least experienced programmer can optimize its workflow for whatever their company requires. Pros Easy to use interface Collaborative planning Data visualization tools Flexible reporting options Scalable for future growth Cons Limited free plan features Can be expensive for large teams Learning curve for advanced features May not integrate with all software Limited customization options
User Sentiment User satisfaction level icon: great
Cost Breakdown
$1,000 or more
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request with no obligation:
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Planning Maestro

by CENTAGE
Planning Maestro
Implement Planning Maestro by Centage to simplify planning protocols and make swifter business choices during market shifts. Planning, budgeting, forecasting, reporting and analytics are its top modules. Assess numerous what-if situations and make more precise predictions.It pinpoints where, when and why actuals deviate from projections. Obtain in-depth reports and dashboards for more transparent results. It also allows numerous data source integrations for centralization.
Cost Breakdown
$500 - $1,000
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Buyer's Guide

EPM Software is All About Showcasing Data and Making Wiser Decisions

By Khaleel Hayes, Technical Content Writer at SelectHub

EPM Software BG Intro Header

Obtaining vital data and KPIs is only half the battle. You have to process this information and comprehend how to best use it for the future. EPM software can answer these and other questions:

  • What worked?
  • What didn't work?
  • How do you resolve existing bottlenecks?
  • What's your client demand?

EPM software is the best way to help resolve all these questions and better manage this information overload. This buyer's guide covers everything enterprise performance management. It'll highlight top features, benefits, industry trends and the top products on the market.

Executive Summary

  • An EPM application improves all company sectors with thorough data analyses and KPI measuring.
  • Some of this software's advantages include automation, centralizing departments and expediting operations.
  • Forecasting/planning, financial consolidation, reporting, 24/7 insight access and modeling are some standard EPM features.
  • Relevant EPM market trends include the cloud, mobility, big data and artificial intelligence (AI).
  • Company sizes, deployment options, add-on modules and brand new software are some of the top pricing considerations to mull over.
What This Guide Covers:

What is EPM Software?

Enterprise performance management (EPM) software supervises and strengthens performance throughout all company sectors. Some consider it a subset of business intelligence (BI), and some say otherwise. We're here to clarify how this system differs from BI and the traditional ERP solutions.

EPM vs. ERP

The best way to differentiate these systems is to think of ERP as a platform that manages different processes and operations while EPM administers the big picture. ERP, which can also provide BI features, automates HR, customer resource management (CRM), accounting, manufacturing and other workflows. ERPs also typically focus on current data.

EPM focuses on historical data and planning for the future. This system offers insights from a managerial point of view. It breaks down the information into digestible content to help make well-informed business choices.

EPM vs. BI

It's easy to confuse BI and EPM's capabilities, but EPM is a subset of BI in actuality. BI gathers and houses KPI information, productivity and other metrics, while EPM displays the content as readable data. It can also create adequate budgets based on the analytics and numbers it receives.

Deployment Methods

There are several deployment methods to consider when choosing the best EPM software. Cloud and on-premise are the most popular.

The cloud enables you to access the program from a vendor's or third-party server instead of hosting it on your computer hard drives, saving space and implementation time. You also open the door for mobility and access the platform on your phone, tablet or other mobile devices. Mobility also provides real-time updates, so you and your team are always in the loop.

Vendors are also in charge of providing updates and keeping your data safe with several security methods. These tactics include multi-factor authentication, data encryption, access levels and more. This deployment option is ideal if you're a large organization that's always on the move.

On-premise or legacy systems permit you to host the platform on your company computers. You're in charge of keeping the solution up to date and maintaining your hardware. This deployment choice is best for start-ups or small businesses. It's also suitable for companies with one location and doesn't have to oversee countless regions nationwide or abroad.

Primary Benefits

This application comes with several perks to maximize efficiency.

Benefits of EPM Software

Automates Processes

By automating reporting, budgeting and other workflows, you save time for other vital responsibilities. When you get high-priority jobs handled, you increase productivity and save money.

Links Departments

Similar to an ERP system, EPM software unifies CRM, HR and other sectors within your business to ensure everyone is on the same page when changes occur. For example, if you made a new budget for the year, you can share that with everyone, so they're aware of upcoming changes.

Accelerates the Process

This system boosts every stage of the EPM cycle, such as planning, budgeting, reporting, advanced analytics, etc. Expediting these processes, you garner data and make better decisions faster.

Implementation Goals

No matter what your goa — whether to eliminate a spreadsheet system or replace your traditional model — businesses need to implement robust invoice automation software. Below, you’ll find a list of goals to achieve through implementation.

Goal 1

Garnering the Ideal KPIs

To implement this system and not gather KPI insights and other vital insights is a waste of time and effort. Some examples include days sales outstanding (DSO), working capital, inventory turnover, net profit margin and gross profit margin.

Goal 2

Coordinate with Other Departments

Keeping your entire company on the same page cannot be stressed enough. You don't want to go left while the rest of your staff think you're going right. Centralization and real-time notifications enable you and your team to receive and follow new budgets and strategies for the future.

Goal 3

Functionality and Ease of Use

Whether you're brand new to the software selection process or you're in search of a new system, it's critical to take a test drive of this new platform. Asking vendors for demos, proofs-of-concept (POCs), use cases or even free trials allow you to comprehend what the system can do.

You wouldn't drive a car off the lot before testing it, right? This principle also applies to EPM software. Create a requirements list to know what you're looking for, and ask vendors if they offer these modules out of the box.

Then ask for demos, and score each feature accordingly.

Goal 4

Reasonable Cost

Programs vary in price depending on accessories, company sizes, deployment options and other factors. Establish and stick to a solid budget for your total cost of ownership (TCO). Deliberate with your selection committee on the must-have features for each department.

Goal 5

Easy Implementation Process

Once you've found the right system, it's time to implement it. The implementation process consists of migrating data, training, testing, going live and post-go-live tasks.

Following these steps to a tee ensures a smooth implementation and ensures your software works correctly. If errors arise, you can catch and rectify them early.

Basic Features & Functionality

Forecasting/Planning

Prepare for the future with effective estimating and planning tools to craft and cement budgets for specific months, quarters or years.
Financial Consolidation

Merge financial processes into one centralized place to access budgets, reports, transactions, general ledgers and more instead of searching across multiple bookkeeping applications.
Reporting

Craft in-depth reports such as sales performance by location, management information dashboard, profit and loss, etc. swiftly.

Advanced Features & Functionality

Human Capital Management (HCM) Reports

HCM deals with hiring, supervising and maximizing employee efficiency. Obtain thorough files on recruitment, payroll, time and attendance, talent management, compliances and more.
24/7 Insight Access

Access data in real time on all mobile devices such as phones, laptops and tablets. You can review and manage estimates in and out of the office.
Modeling

Conduct what-if analyses to craft realistic estimates against ever-changing customer demand.

Current & Upcoming Trends

You might get a little nervous reading this section because of many existing trends. You're not sure if this technology is even worth implementing because it sounds like something from a sci-fi movie. But we'll go over a few EPM trends, and you can decide whether they're suitable for your business. Like software, you need a technological direction that aligns with your operations.

The Cloud and Mobility

MarketsandMarkets predicts that the global cloud computing market will reach $947.3 billion by 2026. The cloud shows no signs of slowing down. You gain real-time information from virtually any location with a strong internet signal. What more could you need? You don't even have to host it on your company computers and servers, saving you plenty of space.

EPM Software Cloud and Mobility Stat

Big Data

Think of big data as an ocean with vast information sets. These different data bodies permit you to find trends for specific products, customer demand, success and failure rates and more. It's like having a giant digital library at your fingertips, making big data the perfect asset for EPM software. Manufacturing also leverages this trend.

Cloud and Mobility Stat

StrategyR expects the global big data market to hit $234.6 billion in 2026.

Artificial Intelligence (AI)

AI Stat

Lastly, AI is everywhere, from Alexa telling you the weather to automating workflows in ERP, accounting and manufacturing solutions. It can also utilize machine learning, robotic processing automation and natural language processing to keep productivity running 24/7, learn certain operations to accomplish tasks better and recognize human speech.

Mordor Intelligence predicts the global AI market will reach $185.17 billion by 2026.

Software Comparison Strategy

Once you've developed a solid list of requirements that you and your team need, it's time to compare vendors.

At SelectHub, we have a number scale where we rank modules from 100 (meaning the module is available out of the box) or 0 (the feature is not supported out of the box). When you compare numbers across various vendors, you'll get an idea of who you want to choose for a demo, POC or use case.

Cost & Pricing Consideration

As aforementioned in the top implementation goals, several factors affect an EPM software's TCO.

Company Size

How big is your organization? Or better yet, how much growth do you expect in the next three to five years? Are you looking to upscale or downsize? Most platforms cater to specific sizes or offer scalability features to align with a surge in employees, machinery, departments or locations. You wouldn't want to invest in an enterprise application when you only have 50 to 100 employees.

Likewise, you wouldn't want a mid-sized or small application for a massive enterprise like Amazon, Microsoft, Apple or the like.

Deployment

On-premise or cloud deployment options also play a role in your TCO. Cloud deployments typically offer subscriptions to pick and choose from, making them less expensive. On-premise runs higher because you have to account for licensing fees. Whichever deployment option you choose, verify that it aligns with your budget and company goals.

A Brand New System or Add-Ons

Typically, it's a lot cheaper to invest in additional modules than brand new software. But there are instances where buying a new solution is better because your current software is an outdated legacy system, you don't own any software or your current system doesn't support your company's scalability.

On the other hand, your EPM software works great at analyzing KPIs. But you need some CRM tools to link with your existing platform.

Questions to Ask Yourself

Use these questions as a starting point for internal conversations:

EPM Software Key Questions to Ask

  • How big is your company? Are you looking to expand, downsize or stay the same in the next five years?
  • What's wrong with your current software or methodology?
  • Do you need a brand new system or add-on modules?
  • Do you want an on-premise or cloud system?
  • Which industry(ies) does your company serve?
  • How much are you willing to spend on a new system?

Questions to Ask Vendors

Use these questions as a starting point for conversations with vendors:

About the Software

  • Is this a cloud or on-premise solution?
  • Can you offer a demo, use case or POC to get a test drive of the solution?
  • How easy or complex is the user interface?
  • Does this system come with the modules we requested?
  • Is this solution suitable for our industry and company size?
  • Do you provide automatic updates and fixes for cloud systems?

About the Vendor

  • What security measures do you use for cloud systems (multi-factor authentication, data encryption, access permissions, etc.)?
  • How reliable is your customer support team?
  • How long is the implementation process?
  • How many successful implementations have you had in the last three months? Six months? A year?
  • What payment options do you offer?
  • Do you offer comprehensive training materials?

In Conclusion

Choosing the ideal EPM software can be as complex as any Indiana Jones quest if you don't know what you need. But you need a system that aligns with your company's objectives. Hopefully, this buyer's guide sheds some light on your journey with the top features, benefits, market trends and solutions.

Additional Resources

About The Contributors

The following expert team members are responsible for creating, reviewing, and fact checking the accuracy of this content.

Khaleel
By Khaleel Hayes
Technical Content Writer
Khaleel Hayes is a Technical Content Writer for SelectHub, with over 4 years of experience crafting content for manufacturing, PLM, ERP and technology selection audiences. He's also a freelance writer in his spare time. His body of work includes poetry, short plays, feature articles and film reviews either self-published or in Denver publications. He graduated with a B.A. in Journalism and an English minor from Metropolitan State University of Denver in May 2018. When not writing, he enjoys classic movies and music, tasty burgers, tasteful bookstores, and breathtaking art and photography.
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Rohit Dutta
Technical Research By Rohit Dutta Mazumder
Senior Analyst
Hailing from the serene landscapes of Assam, India, Rohit is a seasoned professional with diverse expertise in several software categories. Armed with a Bachelor of Technology in Mechanical Engineering and an MBA in Operations Management, he brings a unique blend of technical acumen and strategic thinking to the table. His proficiency extends across dynamic fields such as Product Lifecycle Management, Hotel Management, Ecommerce, Accounting and Finance.
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Shashank
Technical Review By Shashank K K
Principal Analyst
After graduating with a Masters in Finance from Trinity College Dublin, K K Shashank's research and detail-oriented skills led them to SelectHub. He has diverse knowledge across various software categories like Accounting, Financial Planning and Analysis, Ecommerce, Risk Management, PLM, Insurance and more since 2020.
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Hunter
Edited By Hunter Lowe
Content Editor
Hunter Lowe is a Content Editor, Writer and Market Analyst at SelectHub. His team covers categories that range from ERP and business intelligence to transportation and supply chain management. Hunter is an avid reader and Dungeons and Dragons addict who studied English and Creative Writing through college. In his free time, you'll likely find him devising new dungeons for his players to explore, checking out the latest video games, writing his next horror story or running around with his daughter.
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