Pre-packaged EPM applications

Modern EPM software platforms are extremely powerful and provide a great deal of flexibility.

This power and flexibility can be a double-edged sword.

The CFO Group has for a long time had a methodology to help design and implement EPM solutions that meet the explicit needs and aspirations of our customers within their constrains of time, effort and budget.

Where there is a need that is consistent across multiple customers, EPM applications can be pre-configured and pre-packaged to further speed up implementation, reduce costs and above all remove risk from the project.

The CFO Group has taken this approach for governments with the GPM pre-packaged starter application on CCH Tagetik. There is a common requirement across most national, state and local governments around the world to formulate multi-year budgets based on the careful selection and funding of a multitude of budget proposals that best contribute to the stated outcomes for the people. Rather than try to specify and design a system for government performance management from scratch each time, GPM provides a solid starting point without losing any of the flexibility to adapt and tailor to specific customer needs.

While working with KPMG, we have identified that the information-rich proposal-based approach to planning used in GPM is also applicable to asset-intensive businesses, including utility organisations with a network of assets to develop and maintain. More about this and an exciting new initiative soon.

CCH Tagetik has also taken this pre-packaged approach for repeatable applications such as Account Reconciliation and Lease Accounting for IFRS16 compliance.

So when you come to the CFO Group for your EPM solution, you get to work with experts that apply a proven methodology to uncover your real needs and then design and deliver a solution to meet those needs with you in the most expedient way, including using pre-packaged applications where applicable, to slash implementation times and costs, provide better practices, and eliminate risk.

For more information, please contact Geoff Noble at geoff@cfogrp.com.

The CFO Group is a global provider of enterprise performance management systems to large, complex corporations and national and state governments. Our customers use these systems to manage their planning, budgeting, and forecasting processes, and the subsequent monitoring, analysis and reporting of actual results.