Enterprise Performance Management (EPM) Consulting
What if you could have timely, accurate, and relevant intelligence with which to plan and control your entire organization? What if you could have the most important metrics to measure the performance of the organization at your fingertips? What if all your management systems could work together to provide what you need when you need it?
Enterprise Performance Management (EPM) provides the answers by improving your planning, budgeting, forecasting, reporting, consolidations, and financial analysis Enterprise Performance Management focuses on managing integrated business processes on a strategic, financial, and operational level to enable an organization to more effectively run its business. EPM creates a competitive advantage for companies who adopt solutions by enabling them to anticipate and respond to a changing business climate faster than their competitors.
MindStream Analytics has years of experience working with companies and their Enterprise Performance Management needs. Our team of experts can help guide you to a solution that enhances your business modeling and enables better analysis and insight into your data. We believe in the power of technology, combined with best practices, gives companies the ability to make effective decisions with better analytics.
Enterprise Performance Management
(EPM) is also known as business
performance management (BPM) and corporate performance
management (CPM). The goal of EPM is to provide companies with
significant business insights through processes like
budgeting, scenario analysis, financial planning, forecasting,
and data reporting.
EPM software often includes the following
important management processes: Creation of a business model
and identification of business goals; Planning, budgeting, and
forecasting; Merging results and closing financial books on a
regular basis; Sharing results with all internal and external
stakeholders; Analysis of business performance compared to the
plan, previous years and across products and divisions; and
Remodeling based on the results and new forecasts.
Key Financial Processes that are simplified and enhanced using EPM Software are:
- Financial Consolidation - including equity rollups, minority interest calculations, intercompany transactions, and currency translation adjustments
- Financial Close - streamlining the monthly, quarterly, and year-end close by improving business process and efficiency within the Finance Department
- Financial Reporting - whether you're a public company reporting to the SEC, or a Private company reporting to your stakeholders
- Financial Planning and Analysis - including trend analysis, variance analysis, line item detail, and commentary.
- Operational Planning - going beyond the trial balance for Capacity and Demand Planning, Sales and Marketing Planning, and Capital Expenditures (CAPEX) planning
- Strategic Planning - being able to model long term capital, working ratios, and modeling acquisitions and divestitures.
- Real Time Decision Making - with better data, the subject matter experts in your organization can make better decisions, faster.
Whether your solution is on-premise or cloud based - the benefits of MindStream implementing, optimizing, and managing your Enterprise Performance Management system include:
The benefits of MindStream implementing, optimizing and managing your Enterprise Performance Management solution include:
- Accountability and visibility
- Timely actionable information
- Decreased total cost of ownership
- Increased return on investment
- A defined business process framework
- Connected business processes
- Standardized management processes
- Increased predictability, reduced risk
- Strategic, competitive advantage
- Enhanced efficiency and adaptability
- Augmented organizational flexibility
- Improved communication
- Stakeholder alignment
- Governance and compliance
- Better preparation for change
MindStream Analytics has years of experience dealing with these questions and working with companies and their EPM needs. EPM can create a competitive advantage for the companies that adopt it by enabling them to anticipate and respond to a changing business climate faster than their peers. MindStream can help you achieve your advantage.
Our Company
MindStream Analytics has years of experience dealing with these questions and working with companies and their EPM needs. EPM can create a competitive advantage for the companies that adopt it by enabling them to anticipate and respond to a changing business climate faster than their peers. MindStream can help you achieve your advantage.
Partner SpotLight
Oracle
Oracle has the most comprehensive suite of integrated, global business applications that enable organizations to make better decisions, reduce cost..
Case Studies
Accumen
Thanks to the intervention of MindStream Analytics, Accumen's Finance department can now model their business with a new, more organized structure that isn't conventionally available in NetSuite.
Acme Brick
Acme Brick turned to MindStream Analytics for help implementing OneStream to replace their outdated TM1 solution.
Alterra
Alterra sought the expertise of MindStream to address the challenges they faced in their Capital Planning process.
ATCO Group
Energy conglomerate ATCO operates worldwide in utilities, power generation, and related services.
Avalon
Working with MindStream Analytics, Avalon Healthcare Solutions adopts NetSuite Planning and Budgeting to accelerate budgeting and forecasting processes.
Bayer Health Care
Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process..
BluEarth
MindStream Analytics' partnership with BluEarth Renewables epitomizes the power of technology and collaboration.
Celgene
An Oracle Hyperion Planning Upgrade provides multi-national organization Hyperion Application optimization and stabilization.
Cleaver Brooks
OneStream XF was chosen as the platform that would transform Cleaver-Brooks' Finance processes.
CoorsTek
The collaboration between CoorsTek and MindStream resulted in significant improvements in CoorsTek's financial consolidation and reporting processes.
Elite Body Sculpture
MindStream Analytics' collaboration with Elite Body Sculpture encapsulates the transformative potential of targeted tech solutions in streamlining administrative processes.
Enlyte
Enlyte, a merger of Mitchell, Genex, and Coventry, faced challenges with disparate financial solutions and the need for combined reporting.
Flanders
MindStream Analytics collaborated with Flanders to implement OneStream Consolidation and Reporting solution.
Foley Products
Foley Products was facing a significant challenge with its Excel-based actual management reporting system.
Harte Hanks
The collaboration between MindStream Analytics and Harte Hanks culminated in a highly customized, user-friendly NetSuite implementation.
Interface
Interface used a complex, manual, excel-based FP&A process for monthly review, and the summary data was loaded in OneStream.
Kymera International
Thanks to Mindstream Analytics' assistance, Kymera was able to load all of their data into OneStream and validate it successfully.
MacLean Fogg
MacLean-Fogg partnered with MindStream, a leading implementor specializing in modernizing and optimizing enterprise systems.
MEPPI
MindStream's expertise and experience were sought to conduct a vendor selection initiative focusing on MEPPI's F2023 planning process.
OUAI
MindStream Analytics and OUAI's collaboration showcases the transformative power of strategic technological intervention.
Plaskolite
By migrating to OneStream, Plaskolite has achieved a material reduction in consolidation time and overall Financial Close cycle, eliminated the hours spent compiling and verifying data in Excel, streamlined its Planning, Budgeting and Forecasting model and delivered flexible and timely reporting that enables more strategic analysis of their financial data.
Redwire
Understanding the nuances of Redwire's challenges, MindStream Analytics devised a holistic approach to overcome them. The implementation of NetSuite was just the beginning.
Simon
Simon's existing corporate Hyperion Financial Management (HFM) production application was consolidating at a rate of seven hours, a performance issue causing great headache to corporate Accounting.
Source Code
The successful transition to OneStream revolutionized Source Code's financial reporting.
Subway
Subway collaborated with MindStream Analytics for the NetSuite Analytics Warehouse implementation.
UPenn
MindStream Consulting and AppCare team members are proud be working side by side with UPenn university in accomplishing this implementation and along with continuing our AppCare services after go-live.
USG
USG was an Oracle Hyperion customer realizing that it needed more specialized support for its various Oracle Hyperion applications.
Vantiv
Dividing a hyperion planning application, expanding the hyperion footprint to forecast on the business? Customer categories.
Versant Health
Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes.
Virginia Spaceport Authority
The MindStream team implemented the Standard + Workforce NetSuite Planning & Budgeting.
WeWork
MindStream Analytics determined that the best solution was to implement Oracle Essbase Cloud as part of the Oracle Analytics Cloud (OAC) platform-as-a-service
WindStream
Innovative use of essbase to streamline and connect hyperion financial management for enhanced financial analysis.
XY Planning
MindStream Analytics, well-versed in addressing such challenges, presented a comprehensive Netsuite solution for XY Planning.