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EFP offers an in-depth and sophisticated solution for reporting & analysis, consolidation, budgeting, and dashboarding to complement your use of ERP system. EFP strikes a unique balance between offering heavy weight FP&A features and ease of use. Its non-compromising approach to performance and usability ensures the finance team has a unified solution they can depend on. From powerful drill to journal, no coding dashboard setup, superior report formatting options, sensible budget workflow, a ...
 
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show series
 
How can CFOs approach new problems in 2023? Recent shocking incidents demand creativity and a revamp of business procedures to flourish in 2023.   Since 2019, CFOs have experienced a deluge of significant shock events that have affected their strategic growth plans and daily operations, ranging from Covid-19 and its associated lockdowns to geopolit…
 
Is there a way for your finance department to become more efficient while still being able to contribute to the company’s long-term success? In the past few years, many companies continue to grapple with new technology to ensure their teams can work smarter, not harder. However, for finance teams, finding the right financial reporting software can …
 
Working in finance can be exciting and rewarding, but it has its share problems. Although most businesses recognize the importance of data integrity and accuracy, they also face a mounting challenge in managing their financial data's increasing volume and complexity. Instead of just working more, today’s finance professionals need to find a way to …
 
According to polls, one of the primary goals of finance managers is to enhance their planning and forecasting. Despite technology developments, budgeting and forecasting remain significant issues for many firms, regardless of size or industry. Businesses require a financial budgeting system to keep tabs on corporate spending and generate accurate i…
 
The budgeting process is fraught with various significant challenges, including the need for an unusually long time to establish budgets and inaccurate budgeting. In this article, we'll explore in greater depth the different budgeting challenges and how a corporate budgeting software like Epicor Financial Planner can help.…
 
When it comes to "holistic financial planning," financial advisors are increasingly relying on cutting-edge and easy-to-use financial-planning software.Companies looking to be more innovative today will find that the ability to plan and analyze one's financial resources successfully is essential. Finance and accounting (FP&A) professionals' primary…
 
By 2024, Fortune Business Insights predicts the accounting and financial software market will grow to $416.23 million.You can find various online financial management systems: robust financial reporting software, reliable budgeting & software, or one that covers both. Identifying your top priorities can help you choose the best application for your…
 
For a long time, companies believed that only large and multinational companies needed a solution for centralized financial management. However, this perspective has shifted now that many SaaS companies offer feature-rich on-premise or on-cloud financial planning software. In this audio article, we’ll look into some reasons why small and medium-siz…
 
Being competitive requires businesses to make wise financial decisions. Additionally, it ensures that companies use their time and money wisely for tasks that add value. Understanding what needs to be improved in their daily responsibilities is greatly aided by streamlining the financial closing process and obtaining more accurate data. This audio …
 
No matter the size of your business, proper budgeting is crucial to keep track of expenses, compare those estimates to their revenue, and assess whether they have enough capital to fund their operations or expand the business. A business without a proper budget or strategy risks spending more than it earns or not spending enough to grow and be comp…
 
Developing and implementing a solid budgeting and forecasting process is crucial for organizations to build more accurate financial reports and a better understanding of performance, leading to better revenue growth. And while you may rely on your existing ERP to help you improve specific processes, legacy ERPs don't have the features you need to h…
 
When running a business, it’s difficult to rely on just your gut instinct all the time, especially when it comes to financial reporting. It would help if you were objective rather than subjective when determining your company’s financial health.One way to objectively track the health of your business is through key performance indicators, otherwise…
 
Due to evolving business situations and other critical events, an organization can benefit from a financial management software in 2022 because it can help manage increasingly complex and multi-faceted transactions and processes. Companies can also achieve full compliance with demanding financial information management and reporting criteria with t…
 
To successfully implement FP&A software in your manufacturing business, you will have to make a significant change to your everyday processes, but you will not regret it. FP&A software simplifies system integration and boosts productivity across the board. Furthermore, this is only a fraction of how it can assist you.Listen to our podcast to know t…
 
Machine learning offers several key benefits in financial management, all arising from finance teams having access to more valuable data from multiple sources. This empowers companies with advanced insights and more sophisticated queries by which to guide crucial business decisions. Luckily, most of today’s leading cloud financial management softwa…
 
It doesn’t matter if you’ve been in business for a decade or are just getting started; intelligent financial planning and analysis is the key to long-term success. As a business owner, you may feel like you’ve already exhausted all of your time and energy by supporting your employees and addressing the immediate requirements of your clients. We’ve …
 
Budgeting effectively is critical to the success of a budding business. Creating a financial plan allows companies to forecast expenses and develop an efficient strategy for inbound revenue. An operational budgeting method also will enable organizations to compare performance to expenditure and offers management the green light to assign resources …
 
To be successful in the manufacturing industry, accuracy and efficiency are essential.Several components, including infrastructure, supply chains, distribution channels, and others, must be optimized for profitability. Software capable of managing finances and operational data is necessary for manufacturers to make data-backed decisions in the budg…
 
As with companies of all sizes, accurate financial and budget tracking is essential for manufacturing companies to monitor their finances and prepare for the future. A good budgeting and planning software can help finance professionals in manufacturing industries forecast and make faster, more informed decisions. Adopting a financial planning softw…
 
Today, every healthcare company is struggling with business disruptions, profit loss, and planning for continuity during the pandemic. Healthcare leaders say their biggest challenge is making significant changes in care delivery. If anything, change needs to be sped up so that healthcare companies can better thrive in this new world.Adapting to cha…
 
For the last few years, AI and machine learning technology have changed the face of finance — and for a good reason. Financial forecasting is a bottom-up monthly process in large corporations that involves the work of hundreds of analysts. It is a time-consuming process that entails refining assumptions in Excel, generating base data, aggregation, …
 
When tracking business performance, having access to reliable data and reports is crucial to draw an accurate conclusion and decide on the right course of action. Companies of all sizes often struggle not just with mining data but also with financial reporting. Shareholders, board of directors, and managers must have complete trust in a company's f…
 
Businesses must gather reliable data and have the capacity to draw a meaningful analysis from it for the board to take action in a reasonable timeframe. This is why more CFOs and finance teams are under increasing pressure to produce rapid and accurate insight and where talks of upgrading to a more advanced FP&A solution may be necessary. If your o…
 
Artificial intelligence and machine learning in finance are predicted to provide financial organizations with competitive advantages by boosting efficiencies, reducing costs, and improving the service quality. These competitive advantages can benefit financial consumers by increasing the quality and personalization of products, leveraging data insi…
 
Episode Description:Host: Errah CavallinProduct Marketing Manager, Epicor Financial PlannerGuests: - Jan Morath, CEO, DSPanel AB- Håkan Ebersjö, FP&A Implementation Consultant- David Bourget, Auditor and ConsultantMy name is Errah Cavallin, Product Marketing Manager of Epicor Financial Planner and host of the newest podcast called EFP Setting the r…
 
When it comes to data management and financial planning, many healthcare companies struggle to adapt to new ways of working. In the past year, the pandemic has undone almost every industry, with healthcare included. From operational disruptions and economic turmoil, finance teams in healthcare companies are under increasing pressure to improve prof…
 
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