5 Strategic Advantages of Anaplan for Superior Enterprise Performance Management (EPM) 

5 Strategic Advantages of Anaplan for Superior Enterprise Performance Management (EPM) 

By Marta Teneva

5 Strategic Advantages of Anaplan for Superior Enterprise Performance Management (EPM) 

By Kristina Mihaylova

March 15, 2024

Are you tired of making critical business decisions in the dark, with data that’s always a step behind?  

You’re not alone.  

Turning that data into smart, strategic decisions is what sets successful businesses apart and that’s where Enterprise Performance Management makes the real difference.  

In this article, we break down what EPM is, why your company needs it, and how Anaplan’s EPM software can streamline your processes, making sense of the numbers so you can focus on the growth and health of your enterprise. 

Table of Contents

Decoding EPM: What Is Enterprise Performance Management? 

Why Your Business Needs Advanced Enterprise Performance Management Software 

Transformative Impact: Anaplan’s Enterprise Performance Management Software  

Anaplan’s Secret EPM Weapon: Connected Planning 

5 Advantages of Anaplan for Superior EPM 

Enterprise Performance Management FAQs 

Transform Your EPM Challenges into Business Opportunities with Anaplan and B EYE 

Decoding EPM: What Is Enterprise Performance Management? 

Enterprise Performance Management (EPM) occupies a critical position in the business process landscape, acting as a strategic layer that spans across various functions and levels of an organization. EPM encompasses the methodologies, processes, and systems designed to help organizations plan, execute, and analyze their business performance against strategic goals and objectives.  

EPM’s main components are: 

  • Strategic Planning: Develop long-term strategies and set achievable goals that align with the company’s vision.
  • Budgeting and Forecasting: Creation of detailed budgets that support the company’s financial health and forecast future financial scenarios to prepare for what lies ahead. 
  • Financial Reporting and Analysis: Generating accurate financial reports that give insights into the company’s performance and analyze data to inform decision-making.
  • Performance Monitoring: Tracking progress against strategic goals and objectives, using key performance indicators (KPIs) to measure success and identify areas for improvement. 
  • Scenario Planning: Evaluation of potential future scenarios and their impacts on the business, allowing for better preparedness and flexibility in response to change.
  • Operational Planning: Coordination of operational activities to ensure they contribute effectively to strategic goals, optimizing resources and improving efficiency.
  • Collaboration and Communication: Building a collaborative environment where information flows freely across departments, enhancing alignment and decision-making across the organization.

Need help with Enterprise Performance Management? 
We can help. 

Why Your Business Needs Advanced Enterprise Performance Management Software 

As the business world becomes increasingly complex, processes across various industries often encounter a set of common pain points that can hinder efficiency, scalability, and overall performance: 

  • Inefficient processes 
  • Lack of integration across systems 
  • Poor data quality 
  • Resistance to change  
Informative slide titled 'Why Your Business Needs Advanced EPM Software' displaying four challenges: Inefficient processes, Lack of integration across systems, Poor data quality, and Resistance to change. Each challenge is presented in a separate blue-colored box with corresponding icons, arranged against a white background.

These challenges, left unchecked, can be the Achilles’ heel of any organization. They can slow down business growth and lead to significant strategic missteps & operational inefficiencies. That’s why, addressing these pain points through the adoption of enterprise performance management software is crucial for businesses aiming to optimize operations, improve customer satisfaction, and achieve competitive advantage.  

Businesses often use a variety of software systems and applications across different departments, leading to siloed data and lack of integration. This can create challenges in data accessibility, accuracy, and consistency. The lack of integration complicates data analysis, decision-making, and can lead to discrepancies in information used by different departments, affecting the overall strategic alignment and operational efficiency. Fortunately, there’s a solution to all these challenges: Anaplan’s Enterprise Performance Management Software

Keep Exploring: How to Maximize Profits with Enterprise Performance Management (EPM) in 5 Steps 

Transformative Impact: Anaplan’s Enterprise Performance Management Software  

Anaplan’s enterprise performance management system is designed to provide businesses with a comprehensive, cloud-based solution for managing performance across all areas of the organization. Its real-time data processing, collaborative planning environment, and extensive modeling and analysis capabilities make it a powerful tool for businesses looking to improve their performance management processes and drive better business outcomes. 

Anaplan’s Enterprise Performance Management (EPM) features focus on facilitating comprehensive financial and operational planning, reporting, and analysis to support better business decision-making and performance management.  

Each feature of Anaplan is a gear in the well-oiled machine of EPM, with its capabilities extending across various aspects of business management, offering a highly flexible, scalable, and collaborative platform. 

What’s more, accelerated planning and forecasting with Anaplan, i.e. using Anaplan’s cloud-based planning and performance management platform, speeds up and enhances the processes of financial planning, budgeting, forecasting, and operational planning within an organization.  

Anaplan’s platform is designed to be highly flexible and scalable, enabling businesses to quickly adapt to changing market conditions, make better-informed decisions, and drive faster, more efficient planning cycles. 

Let’s look at some of Anaplan’s most impressive capabilities. 

Slide titled 'Top Anaplan EPM Capabilities' showcasing six features: Streamlined Budgeting and Forecasting, Real-time Data, Collaborative/Connected Planning, Scalability and Flexibility, Scenario Planning & What-if Analysis. The features are connected by lines to a central hexagon, on a white background with blue graphics.

Streamlined Budgeting and Forecasting 

Imagine a world where budgeting and forecasting are not just necessary evils but powerful tools for growth. Anaplan’s cloud-based planning and performance management platform speeds up and enhances the processes of financial planning, budgeting, forecasting, and operational planning within an organization. 

Case Study: Forecasting and Annual Operational Planning for FP&A Users 

Real-time Data 

Anaplan allows for the integration of data from various sources in real-time, ensuring that planners have access to the most current information. This capability helps in making timely and accurate decisions. 

Collaborative/Connected Planning 

The platform helps build a collaborative planning environment by allowing multiple users to work on the same plan simultaneously. This approach reduces bottlenecks in the planning process and enables faster consensus and decision-making. 

Scalability and Flexibility 

Scalable and flexible, Anaplan’s platform accommodates the needs of both small businesses and large enterprises. It can manage complex, multi-dimensional models with ease, allowing for detailed and granular planning and forecasting. The platform enables businesses to quickly adapt to changing market conditions, make better-informed decisions, and drive faster, more efficient planning cycles. 

Scenario Planning & What-if Analysis 

Anaplan supports advanced scenario planning and what-if analysis, allowing businesses to quickly assess the impacts of different scenarios and make informed decisions on the fly. This capability is crucial for responding to unexpected market changes or exploring strategic opportunities. With Anaplan, businesses can create and compare multiple what-if scenarios to assess the potential impact of different strategies, decisions, or external factors on their performance. This feature supports risk management and helps organizations make informed decisions under uncertainty. 

Anaplan’s Secret EPM Weapon: Connected Planning 

In a world where change is the only constant, today’s modern enterprise planning platform needs to be cloud-based with advanced yet user-friendly modeling that can support a variety of cross-functional and complex business use cases. The move to achieve this criterion aligns with . Anaplan’s Connected Planning is indeed one of its most powerful features. It acts as a “hidden weapon” for organizations seeking to enhance their agility, efficiency, and decision-making capabilities. Connected Planning refers to Anaplan’s ability to integrate planning processes across different areas of a business, such as finance, sales, operations, supply chain, into a single, unified platform. This approach breaks down the traditional silos that can hinder collaboration and information flow, fostering a more dynamic, responsive, and integrated planning environment. Connected Planning allows real-time responsiveness by enabling organizations to quickly adjust their strategies in response to market changes. 

Anaplan’s Connected Planning is indeed one of its most powerful features. It acts as a “hidden weapon” for organizations seeking to enhance their agility, efficiency, and decision-making capabilities.  

Connected Planning refers to Anaplan’s ability to integrate planning processes across different areas of a business, such as finance, sales, operations, supply chain, into a single, unified platform. This approach breaks down the traditional silos that can hinder collaboration and information flow, fostering a more dynamic, responsive, and integrated planning environment.  

Connected Planning allows real-time responsiveness by enabling organizations to quickly adjust their strategies in response to market changes. 

Here is a shortlist of the benefits of Anaplan’s connected planning for your enterprise performance management. 

Top Benefits: Elevating Enterprise Performance Management with Anaplan’s Connected Planning 

Seamless Integration and Collaboration 

By enabling different departments to access and work on shared plans, Anaplan promotes a culture of collaboration, where strategic decisions are informed by a comprehensive understanding of the business. 

Slide illustrating 'Anaplan's Connected Planning Benefits' with a central Anaplan logo and surrounding icons representing Integration & Collaboration, Real-time Responsiveness, Strategic Alignment, Efficiency & Productivity, and Enhanced Visibility. The layout features a network of connecting lines on a white background with blue square elements.

Real-time Responsiveness 

With data from across the business integrated into the planning process, Anaplan enables more accurate and agile forecasting and budgeting. Businesses can respond to changes faster than ever before, keeping pace with or staying ahead of market dynamics. 

Strategic Alignment  

Connected Planning ensures that strategic objectives are clearly communicated and understood across all levels of the organization. This alignment is crucial for executing strategies effectively and achieving business goals. 

Enhanced Visibility 

With Connected Planning, leaders gain visibility into performance metrics, operational capabilities, and strategic outcomes across the entire organization, enabling better control and management of business performance. 

Efficiency & Productivity 

Connected Planning streamlines planning processes by eliminating redundant tasks and automating manual workflows. This efficiency reduces cycle times for planning and reporting, freeing up resources for strategic initiatives. 

Anaplan’s Connected Planning feature acts as a strategic enabler, transforming traditional planning into a dynamic, collaborative, and integrated process. It not only addresses the immediate operational needs but also positions organizations to thrive in an increasingly complex and volatile business environment. Connected Planning is not just a tool but a strategic asset that empowers businesses to be more responsive, informed, and aligned in their decision-making and execution. 

Discover More: Anaplan vs. Excel: Why Connected Planning Outshines Spreadsheets 

5 Advantages of Anaplan for Superior EPM 

Anaplan stands out due to several distinctive features and capabilities that provide a leap forward for organizations seeking agility, scalability, and deep integration across their planning and decision-making processes. 

Graphic slide highlighting '5 Advantages of Anaplan for Superior EPM' which include Cloud-native Platform, User-friendly Interface, Continuous Planning, Integration Capabilities, and Commitment to Innovation. The slide has a navy blue background with light blue rectangular elements that branch out from circular icons.
  • Cloud-native Platform 

The cloud-based nature of Anaplan provides scalability and ease of maintenance as compared to the traditional on-premises solutions. It ensures that updates and new features are seamlessly rolled out to users, who can access the platform from anywhere.  

  • User-friendly Interface 

Anaplan’s user-friendly interface and powerful modeling capabilities enable users to quickly create, update, and modify plans without the need for extensive IT support or specialized programming knowledge. 

  • Continuous Planning 

Anaplan enables continuous planning, allowing businesses to update their forecasts and budgets as new data becomes available or as circumstances change. This approach ensures that plans remain relevant and aligned with current business objectives. 

  • Integration Capabilities 

Anaplan can integrate with various enterprise systems (ERP, CRM, HRIS, etc.), enabling a seamless flow of data across business functions and facilitating a unified approach to planning and analysis. 

  • Commitment to Innovation 

Anaplan is committed to continuous innovation, regularly updating its platform with new features and capabilities that reflect the evolving needs of businesses and the latest technological advancements. This ensures that Anaplan remains at the forefront of EPM and business planning technology, offering cutting-edge tools and methodologies to support strategic planning and performance management. 

By leveraging Anaplan’s unique features, organizations can achieve greater agility, improved accuracy in their forecasts, and a more cohesive and aligned planning process across the enterprise for better navigation through uncertainties. 

Enterprise Performance Management FAQs

Transform Your EPM Challenges into Business Opportunities with Anaplan and B EYE

As businesses face increasingly complex and volatile environments, Anaplan’s platform is expected to evolve in ways that further empower organizations to navigate these challenges with agility and precision. 

Anaplan is likely to integrate more deeply with AI and ML technologies to enhance predictive analytics capabilities. This could enable businesses to forecast future trends with higher accuracy, identify potential risks and opportunities earlier, and make proactive strategic decisions. AI-driven insights can help uncover hidden patterns and efficiencies within large datasets, suggesting optimizations and identifying anomalies that would require human intervention, thereby streamlining the decision-making process. 

As a premier Anaplan partner, B EYE brings technological expertise and business know-how to your planning needs.    

Our certified Anaplan consultants specialize in tailoring Anaplan’s suite to optimize your processes.    

Connect with us to start a conversation about how we can transform your approach to EPM to improve your financial planning, data analysis, and overall business agility. 

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