A survey of 529 executives reveals higher growth in revenue and profitability for companies with mature EPM capabilities.
Enterprise performance management (EPM) has been shown to be increasingly crucial in planning, assessing, measuring, reporting, and adjusting organizational business models. Based on a company’s mission and vision, different strategic needs may drive how EPM domains are leveraged and promoted within the organization. Ultimately, however, looking at the broader performance of a business and integrating financial planning with those of workforce, supply, manufacturing, and operational planning is key to managing business success.
In 2018, KPMG asked 529 C-suite executives in businesses with $500M or higher revenue across multiple industries about their experiences taking the steps related to maturing EPM. About 55% of respondents were from companies whose EPM development was “mature,” describing business methods that placed them at a high level of EPM capability.
When looking at survey respondents' reported profit and revenue increases, businesses with mature EPM capabilities significantly outperformed others.
To maintain and increase profit and revenue growth, even "mature" organizations must continue to expand strategic vision and integrate planning efforts throughout their entire companies. Businesses that have not adequately used EPM measures to increase growth need to develop capacities to address disruptors and adjust to challenges as quickly as possible.
Read the survey flash report to learn: