{"id":999979066,"date":"2025-11-03T10:13:08","date_gmt":"2025-11-03T03:13:08","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999979066"},"modified":"2026-06-07T16:38:11","modified_gmt":"2026-06-07T09:38:11","slug":"what-is-epm","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/what-is-epm\/","title":{"rendered":"What is EPM? Comprehensive Performance Management Solution for Businesses"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In a constantly changing market environment, businesses are under pressure to make decisions quickly, accurately and based on real data. On the other hand, traditional methods of planning, budgeting and financial forecasting become less effective.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is where EPM (Enterprise Performance Management) comes in \u2013 a holistic performance management system that helps businesses link Strategy \u2013 Budget \u2013 Forecast \u2013 Performance through integrated data sources and intelligent analytics.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This article is aimed at CFOs, FP&amp;A professionals and Board of Directors, providing a comprehensive perspective on the role of EPM in modern corporate governance, while suggesting the most effective EPM implementation solutions to improve decision-making capacity and optimize organizational performance.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Quan_tri_Hieu_suat_Doanh_nghiep_la_gi\" >What is Enterprise Performance Management?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Phan_biet_Ngu_nghia_EPM_CPM_BPM\" >Semantic Distinction: EPM, CPM, BPM<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Quy_trinh_Vong_kin_va_Mo_hinh_PDCA_trong_EPM_la_gi\" >What is Closed Loop Process and PDCA Model in EPM?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#5_Chuc_Nang_Cot_Loi_cua_EPM_La_Gi_Trong_Viec_Ho_Tro_Quan_Tri_Tai_Chinh\" >What Are The 5 Core Functions Of EPM In Supporting Financial Management?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Lap_Ke_hoach_Ngan_sach_Planning_Budgeting\" >Planning &amp; Budgeting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Du_bao_Forecasting\" >Forecasting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Hop_nhat_Tai_chinh_Financial_Consolidation_Close\" >Financial Consolidation &amp; Close<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Lap_Mo_hinh_Kinh_doanh_Business_Modeling\" >Business Modeling<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Bao_cao_Quan_tri_Hieu_suat_Management_Reporting\" >Management Reporting<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Vai_tro_chien_luoc_cua_EPM_la_gi\" >What is the strategic role of EPM?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Cau_noi_giua_Chien_luoc_va_Thuc_thi\" >The Bridge Between Strategy and Execution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Cai_thien_Giao_tiep_va_Phoi_hop_To_chuc\" >Improve Organizational Communication and Coordination<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Toi_uu_Hoa_Hieu_Suat_va_Nang_Cao_Gia_Tri_Cong_Viec\" >Optimize Performance and Enhance Work Value<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Cung_cap_Tam_nhin_va_Thong_tin_Chien_luoc_Toan_Dien\" >Providing Comprehensive Strategic Vision and Information<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Thuc_day_Tu_duy_Dai_Han_va_Phat_trien_Ben_Vung\" >Promoting Long-Term Thinking and Sustainable Development<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Loi_ich_cu_the_cua_EPM_la_gi\" >What are the specific benefits of EPM?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Nang_cao_Ket_qua_Cong_viec_thong_qua_Muc_tieu_Ro_rang_va_Lien_ket\" >Improve Work Results through Clear and Aligned Goals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Giam_Thieu_Chi_phi_va_Toi_uu_Hoa_Nguon_luc\" >Cost Reduction and Resource Optimization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Cung_cap_Thong_tin_Dan_dat_Hanh_dong\" >Providing Information That Leads to Action<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Thuc_day_Su_Phat_trien_Ca_nhan_va_To_chuc\" >Promoting Personal and Organizational Development<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#_Dam_bao_Kha_nang_Canh_tranh_Dai_Han\" >\u00a0Ensuring Long-Term Competitiveness<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Phan_Biet_EPM_Voi_ERP_va_BI\" >Distinguishing EPM from ERP and BI<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#EPM_vs_ERP_Khac_biet_ve_Ban_chat_Du_lieu_va_Muc_tieu_Mindset_Be_CheaperCertainty\" >EPM vs ERP: Differences in Data Nature and Goals (Mindset: Be Cheaper\/Certainty)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#EPM_vs_Business_Intelligence_BI_Tu_Phan_tich_Lich_su_den_Dinh_huong_Tuong_lai\" >EPM vs Business Intelligence (BI): From Historical Analysis to Future Direction<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Danh_Gia_Cac_Phan_Mem_EPM_Hang_Dau_Hien_Nay\" >Review of Top EPM Software Currently Available<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Tong_quan_thi_truong_EPM_Quoc_te\" >International EPM Market Overview<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Oracle_EPM_Oracle_Cloud_EPM\" >Oracle EPM \/ Oracle Cloud EPM<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#SAP_EPM_SAP\" >SAP EPM \/ SAP<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Enterprise_Performance_Management_la_gi_Cau_Hoi_Thuong_Gap_Ve_Quan_Tri_Hieu_suat_Doanh_Nghiep_la_gi\" >What is Enterprise Performance Management? Frequently Asked Questions What is Enterprise Performance Management?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Doanh_nghiep_vua_va_nho_SMEs_co_can_trien_khai_EPM_khong\" >Do small and medium enterprises (SMEs) need to implement EPM?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Yeu_to_nao_quyet_dinh_viec_lua_chon_phan_mem_EPM_phu_hop\" >What factors determine the choice of suitable EPM software?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/bizzi.vn\/en\/what-is-epm\/#Ket_luan\" >Conclude<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Quan_tri_Hieu_suat_Doanh_nghiep_la_gi\"><\/span><b>What is Enterprise Performance Management?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">EPM (Enterprise Performance Management) is an enterprise performance management system that helps link strategy - budget - forecast - execution performance through integrated data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPM is not just a financial tool but a comprehensive management process where data is used to translate strategy into concrete action plans.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"> The system helps businesses set goals, track performance, analyze results, and continuously improve operations, based on the connection between operational and financial data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, EPM also acts as a communication bridge between managers and employees, ensuring that all personal goals are linked to the strategic direction of the organization, thereby improving productivity and decision-making efficiency.<\/span><\/p>\n<figure id=\"attachment_999979034\" aria-describedby=\"caption-attachment-999979034\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999979034 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/epm-minh-bach-du-lieu-1.jpg\" alt=\"epm-la-gi\" width=\"750\" height=\"391\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/epm-minh-bach-du-lieu-1.jpg 750w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/epm-minh-bach-du-lieu-1-300x156.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/epm-minh-bach-du-lieu-1-18x9.jpg 18w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><figcaption id=\"caption-attachment-999979034\" class=\"wp-caption-text\">EPM (Enterprise Performance Management) is an enterprise performance management system that helps link strategy - budget - forecast - execution performance through integrated data.<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Phan_biet_Ngu_nghia_EPM_CPM_BPM\"><\/span><b>Semantic Distinction: EPM, CPM, BPM<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Below is a semantic comparison table between EPM, CPM and BPM \u2013 helping to clarify the scope, goals and application objects of each performance management model.\u00a0<\/span><\/p>\n<table style=\"height: 384px; width: 100%;\" border=\"1\">\n<tbody>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><strong>Criteria<\/strong><\/td>\n<td style=\"height: 48px;\"><strong>EPM (Enterprise Performance Management)&lt;br&gt;<i>Enterprise Performance Management<\/i><\/strong><\/td>\n<td style=\"height: 48px;\"><strong>CPM (Corporate Performance Management)&lt;br&gt;<i>Corporate Performance Management<\/i><\/strong><\/td>\n<td style=\"height: 48px;\"><strong>BPM (Business Performance Management)&lt;br&gt;<i>Business Performance Management<\/i><\/strong><\/td>\n<\/tr>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Scope of application<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">The entire enterprise (including departments, units, regions)<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Group or parent company level, where there are many member units<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Specific department, process, or business group level<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Main objective<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Linking Strategy \u2013 Budget \u2013 Forecast \u2013 Performance in one closed system<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Optimize financial performance and consolidated governance among subsidiaries<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Improve operational processes and business performance at the operational level<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Data center<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Integrated data from finance, operations, human resources, sales\u2026<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Consolidated data and group-level financial reporting<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Process, production, service, customer data<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Target audience<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">CFO, FP&amp;A, Board of Directors, functional departments<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">CFO, Corporate Executive, Consolidated Accounting<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Operations Manager, Department Manager, Sales Team Leader<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Typical support tools<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Oracle EPM Cloud, SAP BPC, Anaplan, Workday Adaptive Planning<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Oracle Hyperion, IBM Cognos, SAP Group Reporting<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Power BI, Tableau, Zoho Analytics, Odoo<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Expected results<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Make data-driven strategic decisions, optimize overall performance<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Control and consolidate corporate finances, transparent reporting<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Improve productivity, reduce costs and enhance process efficiency<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Administrative properties<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Focus on overall business performance<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Focus on corporate-level financial performance<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Focus on business performance<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<figure id=\"attachment_999979067\" aria-describedby=\"caption-attachment-999979067\" style=\"width: 532px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999979067 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-la-gi.png\" alt=\"epm-la-gi\" width=\"532\" height=\"266\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-la-gi.png 532w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-la-gi-300x150.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-la-gi-18x9.png 18w\" sizes=\"(max-width: 532px) 100vw, 532px\" \/><figcaption id=\"caption-attachment-999979067\" class=\"wp-caption-text\">Comparing the different software helps clarify the scope, goals and application objects of each performance management model.<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Quy_trinh_Vong_kin_va_Mo_hinh_PDCA_trong_EPM_la_gi\"><\/span><b>What is Closed Loop Process and PDCA Model in EPM?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM is not simply a management tool, but a comprehensive operating model that helps businesses operate in a closed-loop model \u2013 where strategy, planning, execution and performance evaluation are closely linked together.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this model, EPM provides comprehensive visibility into business operations, ensuring that every decision is data-driven and continuously feedbacked to optimize performance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The core processes in EPM include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial and operational planning<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Building business budgets and forecasts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Scenario modeling and consolidation reporting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analyze and monitor key performance indicators (KPIs) linked to strategy<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">To operate effectively, businesses often apply the PDCA model (Plan \u2013 Do \u2013 Check \u2013 Act) in EPM:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Plan: Build strategy, budget and business model.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do: Deploy the plan across the entire system and department.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check: Measure, track, and analyze performance data.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Act: Take corrective action and optimize the plan based on actual results.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As a result, EPM not only supports data management but also creates a closed management cycle, helping businesses adapt quickly, make accurate decisions and continuously improve performance.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_Chuc_Nang_Cot_Loi_cua_EPM_La_Gi_Trong_Viec_Ho_Tro_Quan_Tri_Tai_Chinh\"><\/span><b>What Are The 5 Core Functions Of EPM In Supporting Financial Management?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Below is a detailed analysis of the 5 core functions of EPM in financial management, with professional and coherent wording - suitable for articles aimed at CFOs, FP&amp;A and Board of Directors.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Lap_Ke_hoach_Ngan_sach_Planning_Budgeting\"><\/span><b>Planning &amp; Budgeting<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM helps businesses build detailed strategic plans and budgets based on consolidated data, eliminating fragmentation and inconsistencies between departments. Instead of relying on dozens of separate Excel spreadsheets \u2013 prone to errors and difficult to control \u2013 EPM standardizes the planning process, ensuring all data is updated in real time, clearly decentralized and traceable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPM reduces \u201cExcel chaos\u201d by automating the planning process, allowing multiple data entry teams on the same platform, helping CFOs and FP&amp;A teams quickly compare, adjust, and approve budgets with greater accuracy.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Du_bao_Forecasting\"><\/span><b>Forecasting<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">While traditional forecasting is often done periodically (quarterly or annually) and lacks flexibility, EPM supports the Rolling Forecast model \u2013 allowing businesses to continuously update forecasts based on actual market fluctuations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With Rolling Forecast, metrics such as revenue, costs, profit margins or cash flow can be adjusted based on real-world data, helping management respond promptly to economic fluctuations and make rapid strategy changes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPM helps turn forecasting into a strategic decision-making tool rather than just an administrative exercise \u2013 creating the foundation for proactive management.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Hop_nhat_Tai_chinh_Financial_Consolidation_Close\"><\/span><b>Financial Consolidation &amp; Close<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM plays a central role in automating the process of consolidating financial data across multiple divisions, regions, or subsidiaries \u2013 especially useful for corporations operating in multiple industries and currencies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The EPM system helps standardize consolidation rules, handle exchange rate differences, eliminate intercompany transactions, and significantly shorten financial close times.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPM not only ensures accuracy and <a href=\"https:\/\/bizzi.vn\/epm-minh-bach-du-lieu\/\">EPM data transparency<\/a> financial, but also provide fast, reliable IFRS or VAS consolidated reports to CFO and Board of Directors.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Lap_Mo_hinh_Kinh_doanh_Business_Modeling\"><\/span><b>Business Modeling<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM allows businesses to build and simulate \u201cWhat-if\u201d scenarios to assess the impact of risks or opportunities on financial performance.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Thanks to its flexible modeling capabilities, EPM helps management make strategic decisions based on quantitative data, rather than gut feelings \u2013 especially during investment planning, expansion or restructuring.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bao_cao_Quan_tri_Hieu_suat_Management_Reporting\"><\/span><b>Management Reporting<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One of the greatest values of EPM is the ability to link Plan and Actual data to track key business KPIs. Through intuitive dashboards, CFOs and managers can monitor variance analysis in real time and detect early discrepancies in financial performance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPM helps transform reporting from \u201cpast-based\u201d to \u201cfuture-oriented\u201d, supporting leaders to make quick, accurate decisions based on real data insights.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In summary, the five core functions of EPM not only support more effective financial management, but also build the capacity to forecast, analyze and make strategic decisions based on data, leading businesses towards a modern management model - &quot;Data-driven Performance Management.&quot;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Vai_tro_chien_luoc_cua_EPM_la_gi\"><\/span><b>What is the strategic role of EPM?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In the context of businesses having to make quick, accurate and data-based decisions, EPM (Enterprise Performance Management) is not only a financial management tool, but also a strategic operating system that helps businesses link long-term vision with practical actions.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cau_noi_giua_Chien_luoc_va_Thuc_thi\"><\/span><b>The Bridge Between Strategy and Execution<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM helps to translate strategy into concrete actions through tightly integrated planning, budgeting and performance monitoring processes. As a result, strategic goals are not just on paper, but are reflected in quantitative indicators (KPIs), budget plans and specific activities at each department level.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cai_thien_Giao_tiep_va_Phoi_hop_To_chuc\"><\/span><b>Improve Organizational Communication and Coordination<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One of the major challenges facing businesses is the disconnect between strategy, finance, and operations. EPM addresses this by providing a common language of performance, helping management, departments, and employees understand their roles in achieving shared goals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks to a unified reporting system and centralized data, decision-making becomes easier. <\/span><b>transparency, coordination and reduction of information conflicts<\/b><span style=\"font-weight: 400;\"> between parts.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Toi_uu_Hoa_Hieu_Suat_va_Nang_Cao_Gia_Tri_Cong_Viec\"><\/span><b>Optimize Performance and Enhance Work Value<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM automates many manual processes in planning, data consolidation and reporting, reducing administrative workload so that finance and planning staff can focus on analysis and strategic consulting.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This not only increases productivity, but also transforms the role of the finance department from \u201cnumber keeper\u201d to \u201cstrategic partner\u201d of the business.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cung_cap_Tam_nhin_va_Thong_tin_Chien_luoc_Toan_Dien\"><\/span><b>Providing Comprehensive Strategic Vision and Information<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM helps the Board of Directors have a clear view of the goals, effectiveness and progress of the strategy implementation. The system provides clear information, updated in real time, supporting the process of planning, forecasting and variance analysis accurately.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thuc_day_Tu_duy_Dai_Han_va_Phat_trien_Ben_Vung\"><\/span><b>Promoting Long-Term Thinking and Sustainable Development<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM not only focuses on short-term results, but also encourages businesses to plan for the long term. By linking strategic goals with action plans and performance indicators, EPM helps businesses maintain a sustainable direction while flexibly adapting to market fluctuations.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Loi_ich_cu_the_cua_EPM_la_gi\"><\/span><b>What are the specific benefits of EPM?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Implementing EPM (Enterprise Performance Management) not only helps businesses improve financial performance but also brings comprehensive strategic value to the organization \u2013 from the leadership level to each employee.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Nang_cao_Ket_qua_Cong_viec_thong_qua_Muc_tieu_Ro_rang_va_Lien_ket\"><\/span><b>Improve Work Results through Clear and Aligned Goals<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM helps businesses set, track, and adjust targets (KPIs) that align with their overall strategy. With a centralized data system, every level \u2013 from the Board of Directors to employees \u2013 understands how their goals contribute to the overall success of the organization.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Giam_Thieu_Chi_phi_va_Toi_uu_Hoa_Nguon_luc\"><\/span><b>Cost Reduction and Resource Optimization<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">By automating planning, consolidation, and reporting processes, EPM eliminates manual, duplicate, and non-value-adding activities. Data flows seamlessly between departments, helping businesses optimally allocate resources and quickly identify areas where costs are running over budget.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cung_cap_Thong_tin_Dan_dat_Hanh_dong\"><\/span><b>Providing Information That Leads to Action<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM integrates and analyzes data from multiple sources \u2013 financial, operations, human resources, sales \u2013 to provide a complete picture of business performance. Through visual reports and real-time dashboards, managers can identify trends, bottlenecks, and opportunities for timely action.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thuc_day_Su_Phat_trien_Ca_nhan_va_To_chuc\"><\/span><b>Promoting Personal and Organizational Development<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM creates a transparent management environment and continuous learning through feedback, measurement, and performance-based coaching. Employees and managers can track progress, receive regular feedback, thereby improving professional competence and developing strategic thinking.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"_Dam_bao_Kha_nang_Canh_tranh_Dai_Han\"><\/span><b>\u00a0Ensuring Long-Term Competitiveness<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In a volatile market, EPM helps businesses maintain a competitive advantage with a powerful and flexible information management system. By monitoring and responding quickly to changes, businesses can adjust strategies in time, forecast trends and make proactive decisions.<\/span><\/p>\n<figure id=\"attachment_999979069\" aria-describedby=\"caption-attachment-999979069\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999979069 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-1.jpg\" alt=\"EPM-la-gi 1\" width=\"1024\" height=\"455\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-1.jpg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-1-300x133.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-1-768x341.jpg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-1-18x8.jpg 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-999979069\" class=\"wp-caption-text\">EPM helps businesses maintain a sustainable orientation while flexibly adapting to market fluctuations.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Phan_Biet_EPM_Voi_ERP_va_BI\"><\/span><b>Distinguishing EPM From <\/b><a href=\"https:\/\/bizzi.vn\/erp-la-gi-phan-mem-erp-mang-lai-loi-ich-gi-cho-doanh-nghiep\/\"><b>ERP<\/b><\/a><b> and BI<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">While EPM (Enterprise Performance Management), ERP (Enterprise Resource Planning) and BI (Business Intelligence) are all important components in the enterprise management ecosystem, they serve different goals in the data value chain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Understanding the difference between Enterprise Performance Management and ERP helps businesses build more effective data management and performance strategies.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"EPM_vs_ERP_Khac_biet_ve_Ban_chat_Du_lieu_va_Muc_tieu_Mindset_Be_CheaperCertainty\"><\/span><b>EPM vs ERP: Differences in Data Nature and Goals (Mindset: Be Cheaper\/Certainty)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"width: 100%;\" border=\"1\">\n<tbody>\n<tr>\n<td style=\"width: 13.3387%;\"><b>Criteria<\/b><\/td>\n<td style=\"width: 47.0493%;\"><b>EPM (Enterprise Performance Management)<\/b><\/td>\n<td style=\"width: 39.0461%;\"><b>ERP (Enterprise Resource Planning)<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 13.3387%;\"><b>The nature of the data<\/b><\/td>\n<td style=\"width: 47.0493%;\"><span style=\"font-weight: 400;\">Manage <\/span><b>Plan<\/b><span style=\"font-weight: 400;\"> and <\/span><b>Forecast values<\/b><span style=\"font-weight: 400;\"> \u2013 data oriented <\/span><b>forward-looking<\/b><\/td>\n<td style=\"width: 39.0461%;\"><span style=\"font-weight: 400;\">Manage <\/span><b>Actual values<\/b><span style=\"font-weight: 400;\"> \u2013 real-life transaction data <\/span><b>backward-looking<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 13.3387%;\"><b>Main objective<\/b><\/td>\n<td style=\"width: 47.0493%;\"><span style=\"font-weight: 400;\">Support <\/span><b>strategic decision making and performance optimization<\/b><\/td>\n<td style=\"width: 39.0461%;\"><span style=\"font-weight: 400;\">Manage <\/span><b>daily operations and transactions<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 13.3387%;\"><b>Scope<\/b><\/td>\n<td style=\"width: 47.0493%;\"><span style=\"font-weight: 400;\">Focus on <\/span><b>strategy, planning, forecasting, analysis and reporting<\/b><\/td>\n<td style=\"width: 39.0461%;\"><span style=\"font-weight: 400;\">Include <\/span><b>accounting, purchasing, sales, warehouse, human resources, production tasks<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 13.3387%;\"><b>Approach<\/b><\/td>\n<td style=\"width: 47.0493%;\"><span style=\"font-weight: 400;\">Bring thinking <\/span><b>\u201cBe Certain\u201d<\/b><span style=\"font-weight: 400;\"> \u2013 ensure accuracy, consistency and flexibility in decision making based on aggregated data<\/span><\/td>\n<td style=\"width: 39.0461%;\"><span style=\"font-weight: 400;\">Bring thinking <\/span><b>\u201cBe Cheaper\u201d<\/b><span style=\"font-weight: 400;\"> \u2013 optimize costs and operational efficiency at the transaction level<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 13.3387%;\"><b>Relationship<\/b><\/td>\n<td style=\"width: 47.0493%;\"><b>EPM uses data from ERP<\/b><span style=\"font-weight: 400;\"> (actuals) to enrich the context for planning, forecasting, and performance analysis<\/span><\/td>\n<td style=\"width: 39.0461%;\"><b>ERP is the core source of input data<\/b><span style=\"font-weight: 400;\"> provide to EPM<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"EPM_vs_Business_Intelligence_BI_Tu_Phan_tich_Lich_su_den_Dinh_huong_Tuong_lai\"><\/span><b>EPM vs Business Intelligence (BI): From Historical Analysis to Future Direction<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<tbody>\n<tr>\n<td><strong>Criteria<\/strong><\/td>\n<td><strong>EPM (Enterprise Performance Management)<\/strong><\/td>\n<td><strong>BI (Business Intelligence)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Target<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Support future planning, forecasting and decision making<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Analyze and visualize historical data<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Core question<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u201cWhat should businesses do next?\u201d<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u201cWhat has the business done in the past?\u201d<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Nature of data use<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Combine plan, forecast and actual data<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Analyze actual data to draw insights<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Main output<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Scenarios, \u201cWhat-if\u201d models, rolling forecasts, budget planning<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Dashboard, analytical reports, trend charts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Orientation<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Action-oriented, Forward-looking<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Observational and reflective (Descriptive, Historical)<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Danh_Gia_Cac_Phan_Mem_EPM_Hang_Dau_Hien_Nay\"><\/span><b>Review of Top EPM Software Currently Available<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">After understanding the nature of EPM or in other words, what Enterprise Performance Management is, as well as comparing the concepts, let&#039;s explore more deeply some EPM software that is popular with large enterprises around the world.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tong_quan_thi_truong_EPM_Quoc_te\"><\/span><b>International EPM Market Overview<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"Oracle_EPM_Oracle_Cloud_EPM\"><\/span><a href=\"https:\/\/bizzi.vn\/phan-mem-oracle-la-gi\"><b>Oracle<\/b><\/a><b> EPM \/ Oracle Cloud EPM<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Outstanding advantages:\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Powerful integration in planning, budgeting, forecasting, consolidated reporting.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Highly scalable, suitable for large\/multinational enterprises.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Automate closing and financial consolidation processes, helping to shorten reporting cycles.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Dashboards, real-time analytics &amp; data formats for better decision making.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limit:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The cost is very high: license + implementation + customization + operation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">High complexity: new users need a lot of time to get used to it<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The interface is not always easy to use, there is feedback about dashboards \/ user experience not being as good as expected.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Integration with legacy or non-Oracle systems can be complex &amp; costly.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Implementation time and cost:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Deploying an average module for a large enterprise usually takes <\/span><b>from 9-12 months to 1-2 years<\/b><span style=\"font-weight: 400;\">, depending on complexity, number of entities, data size.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The total cost (licenses + implementation + training + maintenance) can be very high (for large, multinational companies, it is usually tens to hundreds of thousands of USD\/year).<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<figure id=\"attachment_999979070\" aria-describedby=\"caption-attachment-999979070\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-999979070 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-2-scaled.png\" alt=\"What is EPM? \" width=\"2560\" height=\"1842\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-2-scaled.png 2560w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-2-300x216.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-2-1024x737.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-2-768x553.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-2-1536x1105.png 1536w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-2-2048x1474.png 2048w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-2-18x12.png 18w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><figcaption id=\"caption-attachment-999979070\" class=\"wp-caption-text\">Oracle EPM helps businesses build, track, and manage financial planning, forecasting, performance measurement, and risk management.<\/figcaption><\/figure>\n<h4><span class=\"ez-toc-section\" id=\"SAP_EPM_SAP\"><\/span><b>SAP EPM \/ SAP<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Outstanding advantages:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The SAP ecosystem is large, if the business has used it <\/span><a href=\"https:\/\/bizzi.vn\/phan-mem-sap-erp-la-gi\/\"><span style=\"font-weight: 400;\">SAP ERP software<\/span><\/a><span style=\"font-weight: 400;\"> then SAP EPM has better integration advantage.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Strong features in cost\/profitability analysis, multi-entity, multi-currency scale, international standard reports.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Well supported planning, budgeting, consolidation, close tools, with \u201cwhat-if \/ scenario modeling\u201d capabilities<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limit:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">High licensing + customization + consulting costs, especially at large scale.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Long deployment, many scope changes (scope creep), high dependency on IT \/ deployment consultant.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">High requirements for clean data, governance \/ master data, user training. Otherwise, the system is prone to stagnation.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Less flexibility in some modules if heavy customization is required and if outside the standard SAP ecosystem.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Implementation time and cost:<\/span>\n<ul>\n<li aria-level=\"1\">Typically, SAP EPM (or SAP BPC) implementation for medium-large enterprises takes 6-12 months for finance + planning, and can take up to 1-2 years if integrating more broadly with multiple units, currencies, and back-end systems.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In general, from market surveys and feedback, businesses will often encounter some difficulties when using Oracle, SAP, Anaplan or large EPM solutions in general such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High cost, big investment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Long implementation time<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dependent on external IT\/consultant team<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Difficulty in adapting &amp; changing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High total cost of ownership (TCO) (implementation costs, licensing costs, extensions, maintenance, training, user support, version upgrades)<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999979071\" aria-describedby=\"caption-attachment-999979071\" style=\"width: 512px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-999979071 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/EPM-la-gi-3.gif\" alt=\"epm-la-gi\" width=\"512\" height=\"239\" title=\"\"><figcaption id=\"caption-attachment-999979071\" class=\"wp-caption-text\">SAP EPM (Enterprise Performance Management) is an SAP solution that helps companies improve profitability by providing integrated financial analysis, planning, budgeting, and consolidation tools.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Enterprise_Performance_Management_la_gi_Cau_Hoi_Thuong_Gap_Ve_Quan_Tri_Hieu_suat_Doanh_Nghiep_la_gi\"><\/span><b>What is Enterprise Performance Management? Frequently Asked Questions What is Enterprise Performance Management?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Below is a collection of related questions intended to provide information and avoid confusion. <a href=\"https:\/\/bizzi.vn\/sai-lam-trien-khai-epm\/\">mistakes in EPM implementation<\/a> in business<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Doanh_nghiep_vua_va_nho_SMEs_co_can_trien_khai_EPM_khong\"><\/span><b>Do small and medium enterprises (SMEs) need to implement EPM?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM is a comprehensive performance management platform that helps businesses connect strategy \u2013 budget \u2013 forecast \u2013 operational efficiency in a unified system. However, <\/span><b>comprehensive EPM implementation<\/b><span style=\"font-weight: 400;\"> usually more suitable for <\/span><b>medium and large enterprises<\/b><span style=\"font-weight: 400;\">, where there is:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Multiple business units or subsidiaries (multi-entity).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The planning and forecasting process is complex, requiring the consolidation of financial data from multiple sources.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The need for performance analysis and scenario simulation (\u201cwhat-if\u201d scenarios) to support rapid decision making.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Yeu_to_nao_quyet_dinh_viec_lua_chon_phan_mem_EPM_phu_hop\"><\/span><b>What factors determine the choice of suitable EPM software?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">When choosing an EPM platform, CFOs and executives need to consider <\/span><b>balance between technology \u2013 process \u2013 organizational capacity<\/b><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"> Specifically, the 5 most important factors include:<\/span><\/p>\n<table style=\"height: 264px; width: 100%;\" border=\"1\">\n<tbody>\n<tr style=\"height: 24px;\">\n<td style=\"height: 24px;\"><b>Element<\/b><\/td>\n<td style=\"height: 24px;\"><b>Meaning<\/b><\/td>\n<td style=\"height: 24px;\"><b>Guiding questions<\/b><\/td>\n<\/tr>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><b>1. Business complexity<\/b><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Organizational size, number of subsidiaries, markets, currencies, reporting structure.<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Does the current system support data consolidation and multidimensional reporting?<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><b>2. Purpose of using EPM<\/b><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Focus on planning and forecasting, or move towards comprehensive strategic management.<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Does your business want EPM to help with budget management, performance analysis, or strategic decision making?<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><b>3. Ability to integrate existing systems<\/b><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">EPM needs to be tightly connected to ERP, accounting, CRM, HRM, or BI analytics tools.<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Does the current system have a compatible API or data standard for integration?<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><b>4. Degree of autonomy of the financial team<\/b><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Consider the trade-off between a system that requires IT support (such as Oracle, SAP) and a platform that is user-friendly for financial professionals.<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Can the FP&amp;A team operate the system without relying on IT?<\/span><\/td>\n<\/tr>\n<tr style=\"height: 48px;\">\n<td style=\"height: 48px;\"><b>5. Cost and implementation time<\/b><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Consider ROI, go-live time, and long-term operating costs.<\/span><\/td>\n<td style=\"height: 48px;\"><span style=\"font-weight: 400;\">Can the system be financially viable within 6\u201312 months?<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>Conclude<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">It can be seen that EPM brings benefits far beyond the financial scope \u2013 it helps businesses focus, be efficient, transparent and develop continuously. Grasp the essence <\/span><span style=\"font-weight: 400;\">What is Enterprise Performance Management and how it contributes to success? <\/span><span style=\"font-weight: 400;\">When implemented, EPM not only supports financial operations, but also becomes a strategic tool to help businesses accelerate growth and maintain long-term competitive advantages.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hopefully the above article has provided sufficient information to help leaders understand the nature of EPM or, in other words, what enterprise performance management is.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>In a constantly changing market environment, businesses face pressure to make quick, accurate decisions based on\u2026<\/p>","protected":false},"author":56,"featured_media":999979074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[369],"tags":[],"class_list":["post-999979066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chuyen-doi-tai-chinh"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999979066"}],"version-history":[{"count":5,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979066\/revisions"}],"predecessor-version":[{"id":999980395,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979066\/revisions\/999980395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999979074"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999979066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999979066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999979066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}