{"id":999979107,"date":"2025-11-04T10:36:16","date_gmt":"2025-11-04T03:36:16","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999979107"},"modified":"2026-06-09T13:39:42","modified_gmt":"2026-06-09T06:39:42","slug":"epm-cost-control","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/epm-cost-control\/","title":{"rendered":"How does EPM control costs and optimize profits for businesses?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In a world of rising operating costs and ever-increasing pressure on margins, simply \u201ccutting costs\u201d is no longer enough. Businesses need a smarter approach \u2013 data-driven cost control and performance-based decision making.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPM is not just a planning management tool - but a &quot;foundational piece&quot; in the AI application journey, helping Vietnamese businesses reduce hidden costs, increase profit margins (EBITDA margin), thereby creating a solid foundation for <a href=\"https:\/\/bizzi.vn\/kho-khan-khi-trien-khai-ai\/\">implementing AI in business<\/a> in the future context.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This article will analyze in detail <\/span><b>EPM controls costs and optimizes profits<\/b><span style=\"font-weight: 400;\"> how, the popular methods in <\/span><b>EPM cost management<\/b><span style=\"font-weight: 400;\">, along with real-life examples from successful businesses.<\/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\/epm-cost-control\/#EPM_la_gi_va_vi_sao_dong_vai_tro_quan_trong_trong_kiem_soat_chi_phi_%E2%80%93_toi_uu_loi_nhuan\" >What is EPM and why does it play an important role in cost control and profit optimization?<\/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\/epm-cost-control\/#EPM_khac_gi_so_voi_ERP_va_Excel\" >How is EPM different from ERP and Excel?<\/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\/epm-cost-control\/#Vi_sao_EPM_giup_doanh_nghiep_kiem_soat_chi_phi_hieu_qua_hon\" >Why does EPM help businesses control costs more effectively?<\/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\/epm-cost-control\/#Quy_trinh_kiem_soat_chi_phi_bang_EPM\" >Cost control process using EPM<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#EPM_hoat_dong_nhu_mot_he_than_kinh_trung_tam_trong_quan_ly_tai_chinh_doanh_nghiep_Quy_trinh_bao_gom_5_giai_doan\" >EPM acts as the central nervous system in corporate financial management. The process consists of five stages:<\/a><\/li><\/ul><\/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\/epm-cost-control\/#Thu_thap_du_lieu_chi_phi_tu_ERP_CRM_va_cac_he_thong_khac\" >Collect cost data from ERP, CRM and other systems<\/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\/epm-cost-control\/#Phan_loai_va_chuan_hoa_chi_phi\" >Cost classification and standardization<\/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\/epm-cost-control\/#Lap_ngan_sach_chi_phi_theo_phong_ban_du_an_chi_nhanh\" >Budgeting expenses by department, project, branch<\/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\/epm-cost-control\/#Du_bao_chi_phi_va_phan_tich_bien_dong_Variance_Analysis\" >Cost forecasting and variance analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#Giam_sat_va_bao_cao_chi_phi_theo_KPI\" >Monitor and report costs according to KPI<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#Cac_phuong_phap_kiem_soat_chi_phi_trong_EPM\" >Cost control methods in EPM<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#Zero-Based_Budgeting_ZBB\" >Zero-Based Budgeting (ZBB)<\/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\/epm-cost-control\/#Activity-Based_Costing_ABC\" >Activity-Based Costing (ABC)<\/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\/epm-cost-control\/#Rolling_Forecast\" >Rolling Forecast<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#Loi_ich_khi_su_dung_EPM_kiem_soat_chi_phi\" >Benefits of using EPM to control costs\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#Giam_chi_phi_van_hanh_thua\" >Reduce redundant operating costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#Tang_tinh_minh_bach_va_chinh_xac_du_lieu\" >Increase data transparency and accuracy<\/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\/epm-cost-control\/#Ho_tro_ra_quyet_dinh_chien_luoc\" >Support strategic decision making<\/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\/epm-cost-control\/#Giam_loi_thu_cong_trong_quan_ly_chi_phi\" >Reduce manual errors in cost management<\/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\/epm-cost-control\/#Vi_du_minh_hoa\" >Illustrative example<\/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\/epm-cost-control\/#KPI_theo_doi_hieu_qua\" >KPI for effective tracking<\/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\/epm-cost-control\/#Cac_phan_mem_EPM_kiem_soat_chi_phi_pho_bien\" >Popular cost control EPM software\u00a0<\/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\/epm-cost-control\/#Oracle_EPM_Cloud\" >Oracle EPM Cloud<\/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\/epm-cost-control\/#SAP_BPC_Business_Planning_Consolidation\" >SAP BPC (Business Planning &amp; Consolidation)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#IBM_Planning_Analytics_TM1\" >IBM Planning Analytics (TM1)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#Anaplan\" >Anaplan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#Workday_Adaptive_Planning\" >Workday Adaptive Planning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#OneStream_EPM\" >OneStream EPM<\/a><\/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\/epm-cost-control\/#Cau_hoi_thuong_gap_ve_EPM_trong_kiem_soat_chi_phi_FAQ\" >Frequently Asked Questions about EPM in Cost Control (FAQ)<\/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\/epm-cost-control\/#EPM_giup_kiem_soat_chi_phi_nhu_the_nao\" >How does EPM help control costs?<\/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\/epm-cost-control\/#EPM_khac_Excel_trong_kiem_soat_chi_phi_ra_sao\" >How is EPM different from Excel in cost control?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#Module_nao_trong_EPM_dung_cho_kiem_soat_chi_phi\" >Which module in EPM is used for cost control?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/bizzi.vn\/en\/epm-cost-control\/#Ket_luan\" >Conclude<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"EPM_la_gi_va_vi_sao_dong_vai_tro_quan_trong_trong_kiem_soat_chi_phi_%E2%80%93_toi_uu_loi_nhuan\"><\/span><b><a href=\"https:\/\/bizzi.vn\/epm-la-gi\/\">What is EPM?<\/a> and why does it play an important role in cost control - profit optimization?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">EPM (Enterprise Performance Management) \u2013 also known as CPM (Corporate Performance Management) \u2013 is a business performance management system that helps leaders monitor, analyze and forecast business results based on aggregated data from many departments. EPM is often used in financial planning and forecasting (FP&amp;A) operations, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Budgeting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cost Management &amp; Profitability Analysis<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Forecasting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Management Reporting<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">EPM is the bridge between <\/span><b>ERP (operational system)<\/b><span style=\"font-weight: 400;\"> and <\/span><b>AI (predictive system)<\/b><span style=\"font-weight: 400;\"> \u2014 help businesses <\/span><b>more effective cost control<\/b><span style=\"font-weight: 400;\">, <\/span><b>more sustainable profit optimization<\/b><span style=\"font-weight: 400;\"> and data-driven decision making.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"EPM_khac_gi_so_voi_ERP_va_Excel\"><\/span><b>How is EPM different from ERP and Excel?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ERP (Enterprise Resource Planning) is an operational system that records real-world transactions such as purchasing, sales, accounting, and inventory. ERP answers the question \u201cwhat is happening?\u201d<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EPM goes further: analyzing \u201cwhy\u201d and \u201cwhat if\u201d. It helps businesses plan, simulate scenarios, and control costs in real time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compared to manual Excel, EPM optimizes profits by eliminating the risk of errors, duplication, and delays in data aggregation, while ensuring transparency and alignment across departments.<\/span><\/li>\n<\/ul>\n<table style=\"width: 86.1257%;\">\n<tbody>\n<tr>\n<td style=\"width: 15.2809%;\"><b>Compare<\/b><\/td>\n<td style=\"width: 29.7209%;\"><b>Excel<\/b><\/td>\n<td style=\"width: 34.2511%;\"><b>ERP<\/b><\/td>\n<td style=\"width: 39.0881%;\"><b>EPM<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 15.2809%;\"><span style=\"font-weight: 400;\">Purpose<\/span><\/td>\n<td style=\"width: 29.7209%;\"><span style=\"font-weight: 400;\">Manual recording &amp; calculation<\/span><\/td>\n<td style=\"width: 34.2511%;\"><span style=\"font-weight: 400;\">Transaction Management &amp; Operational Data<\/span><\/td>\n<td style=\"width: 39.0881%;\"><span style=\"font-weight: 400;\">Performance Management &amp; Strategic Planning<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 15.2809%;\"><span style=\"font-weight: 400;\">Data<\/span><\/td>\n<td style=\"width: 29.7209%;\"><span style=\"font-weight: 400;\">Distributed, error-prone<\/span><\/td>\n<td style=\"width: 34.2511%;\"><span style=\"font-weight: 400;\">Actual record<\/span><\/td>\n<td style=\"width: 39.0881%;\"><span style=\"font-weight: 400;\">Synthesize, standardize, simulate forecasts<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 15.2809%;\"><span style=\"font-weight: 400;\">Vision<\/span><\/td>\n<td style=\"width: 29.7209%;\"><span style=\"font-weight: 400;\">Short term<\/span><\/td>\n<td style=\"width: 34.2511%;\"><span style=\"font-weight: 400;\">Present<\/span><\/td>\n<td style=\"width: 39.0881%;\"><span style=\"font-weight: 400;\">Long term, strategy<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 15.2809%;\"><span style=\"font-weight: 400;\">Application<\/span><\/td>\n<td style=\"width: 29.7209%;\"><span style=\"font-weight: 400;\">Internal report<\/span><\/td>\n<td style=\"width: 34.2511%;\"><span style=\"font-weight: 400;\">Accounting, purchasing and sales<\/span><\/td>\n<td style=\"width: 39.0881%;\"><span style=\"font-weight: 400;\">FP&amp;A, Cost Management, ROI Analysis<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Unlike Excel or ERP, <\/span><b>EPM cost management<\/b><span style=\"font-weight: 400;\"> help businesses understand <\/span><b>\u201cwhy are costs incurred\u201d<\/b><span style=\"font-weight: 400;\"> and <\/span><b>\u201cIf adjusted, how would the results change?\u201d<\/b><span style=\"font-weight: 400;\">, thereby proactively optimizing financial efficiency.<\/span><\/p>\n<figure id=\"attachment_999979111\" aria-describedby=\"caption-attachment-999979111\" style=\"width: 720px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999979111 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-4.webp\" alt=\"epm-cost-control-3\" width=\"720\" height=\"432\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-4.webp 720w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-4-300x180.webp 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-4-18x12.webp 18w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><figcaption id=\"caption-attachment-999979111\" class=\"wp-caption-text\">EPM is the bridge between ERP (operational systems) and AI (forecasting systems) \u2014 helping businesses control costs more effectively, optimize profits more sustainably, and make data-driven decisions.<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Vi_sao_EPM_giup_doanh_nghiep_kiem_soat_chi_phi_hieu_qua_hon\"><\/span><strong>Why does EPM help businesses control costs more effectively?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM controls costs by automating the entire financial management cycle:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consolidating cost data from multiple sources (ERP, CRM, Excel, etc.) helps CFOs and FP&amp;A departments have a 360\u00b0 view of operating costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically compare plan and actual (Plan vs Actual), helping to promptly detect over-budget expenses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In-depth cost analysis (Cost by Department, Product, Project) to identify areas of waste.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What-if Analysis: If revenue decreases by 10%, what costs need to be optimized to still ensure target profit?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cost Forecasting: Use historical data to predict future cost trends, supporting proactive decision making.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Thanks to that, <\/span><b>EPM cost management<\/b><span style=\"font-weight: 400;\"> not only helps save costs but also <\/span><b>increase net profit (EBITDA margin)<\/b><span style=\"font-weight: 400;\"> through more efficient use of resources.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Quy_trinh_kiem_soat_chi_phi_bang_EPM\"><\/span><b>Cost control process using EPM<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">EPM is not only a financial planning tool, but also the brain of business performance management. Compared to Excel or ERP, EPM helps businesses control costs tightly, forecast accurately and make data-driven decisions - an important foundation for moving forward in digital transformation and applying AI in finance.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"EPM_hoat_dong_nhu_mot_he_than_kinh_trung_tam_trong_quan_ly_tai_chinh_doanh_nghiep_Quy_trinh_bao_gom_5_giai_doan\"><\/span><span style=\"font-weight: 400;\">EPM acts as a <\/span><b>central nervous system<\/b><span style=\"font-weight: 400;\"> in corporate financial management. The process includes 5 stages:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h3><span class=\"ez-toc-section\" id=\"Thu_thap_du_lieu_chi_phi_tu_ERP_CRM_va_cac_he_thong_khac\"><\/span><strong>Collect cost data from ERP, CRM and other systems<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM acts as a central hub for consolidating the company\u2019s cost data. The system can automatically synchronize data from ERP (purchasing, accounting), CRM (marketing \u2013 sales costs) and HRM (salary, benefits).<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensure data is consistent and updated in real-time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Eliminate errors when manually synthesizing from multiple Excel files.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helps CFO and FP&amp;A department have a comprehensive view of total operating costs.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Phan_loai_va_chuan_hoa_chi_phi\"><\/span><strong>Cost classification and standardization<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Once the data is collected, EPM proceeds to standardize the cost structure according to internal management standards:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Classify by cost center (department, project, branch).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Group by cost type (OPEX \u2013 operating costs, CAPEX \u2013 investment costs).<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"> The result is a standardized costing system that helps CFOs and internal controllers track spending against a unified standard, making it easy to reconcile and compare across units.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Lap_ngan_sach_chi_phi_theo_phong_ban_du_an_chi_nhanh\"><\/span><strong>Budgeting expenses by department, project, branch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM allows for detailed budgeting for each department, project or business area:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Directly tie budgets to operational KPIs and revenue plans.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Support budget approval workflow feature, ensuring transparency and control right from the planning stage.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Thanks to that, businesses avoid budget overruns or spending that is not in line with business goals.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Du_bao_chi_phi_va_phan_tich_bien_dong_Variance_Analysis\"><\/span><strong>Cost forecasting and variance analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One of the outstanding strengths of EPM is its flexible cost forecasting ability (Rolling Forecast).<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatic comparison of Actual vs Budget vs Forecast, helps detect differences and identify causes of fluctuations (raw materials, labor, fixed costs, etc.).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Update cost scenarios according to revenue or market fluctuations, helping businesses make early adjustment decisions, instead of reacting when costs exceed the allowable level.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Giam_sat_va_bao_cao_chi_phi_theo_KPI\"><\/span><strong>Monitor and report costs according to KPI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM provides intuitive dashboards that help leaders monitor overall cost performance:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Track key metrics like Cost-per-Department, ROI, EBITDA Margin, Cost Ratio.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically alert you when costs exceed budget or performance declines.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provide interactive reports to CFOs, CEOs, and investors.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999979110\" aria-describedby=\"caption-attachment-999979110\" style=\"width: 532px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999979110 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-3.png\" alt=\"epm-cost-control-3\" width=\"532\" height=\"266\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-3.png 532w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-3-300x150.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-3-18x9.png 18w\" sizes=\"(max-width: 532px) 100vw, 532px\" \/><figcaption id=\"caption-attachment-999979110\" class=\"wp-caption-text\">EPM acts as a central nervous system in corporate financial management.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Cac_phuong_phap_kiem_soat_chi_phi_trong_EPM\"><\/span><b>Cost control methods in EPM<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">EPM is not only a tool for cost aggregation and reporting, but also provides advanced financial management methods to help businesses proactively control, optimize and forecast costs. Below are 3 popular methods integrated in modern EPM systems:<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Zero-Based_Budgeting_ZBB\"><\/span><b>Zero-Based Budgeting (ZBB)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Zero-Based Budgeting is a method of building a budget from scratch, meaning that all expenditures must be explained and approved from scratch, instead of being based on the previous year&#039;s budget.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Applications in EPM:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The EPM system allows users to enter, compare, and approve each expense according to specific goals.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically compare with KPIs to assess the necessity of each expense.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helps eliminate redundant costs, focusing resources on activities that bring real value.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Zero-Based Budgeting is suitable for businesses that are in the process of cutting costs, restructuring, or wanting to increase budget efficiency.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Activity-Based_Costing_ABC\"><\/span><b>Activity-Based Costing (ABC)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Activity-Based Costing is a method of allocating costs based on cost drivers, rather than simply allocating based on a percentage of revenue or output.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Applications in EPM:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EPM automatically identifies and analyzes cost drivers of each activity: production, marketing, logistics, customer care, etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helps managers understand which costs actually create value and which costs do not contribute to profits.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Support smart cost-cutting decisions \u2013 without impacting overall performance.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Activity-Based Costing helps improve the accuracy of profit analysis by product, customer or sales channel. In addition, Activity-Based Costing also contributes to improving Cost Management &amp; Profitability Analysis capabilities in the FP&amp;A department.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rolling_Forecast\"><\/span><b>Rolling Forecast<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Rolling Forecast is a method of updating financial and cost forecasts continuously, usually quarterly or monthly, instead of just making a fixed plan at the beginning of the year. This method helps keep financial plans flexible, reflecting the actual situation; increases forecast accuracy and reduces the risk of overspending.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Applications in EPM:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EPM automatically retrieves the latest Actual data from ERP to adjust the Forecast.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Support \u201cWhat-if Scenarios\u201d simulation: if raw material prices increase by 10%, how will production costs fluctuate?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helps management respond quickly to fluctuations in costs, exchange rates, or market demand.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In summary, the three methods ZBB \u2013 ABC \u2013 Rolling Forecast when deployed on the EPM platform help businesses not only control costs effectively, but also transform management thinking from reactive to proactive (proactive cost management).<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Loi_ich_khi_su_dung_EPM_kiem_soat_chi_phi\"><\/span><b>Benefits of using EPM to control costs\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">EPM is not only a cost aggregation and reporting tool, but also provides <\/span><b>advanced financial management methods<\/b><span style=\"font-weight: 400;\"> help businesses <\/span><b>control, optimize and forecast costs<\/b><span style=\"font-weight: 400;\"> proactively\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Giam_chi_phi_van_hanh_thua\"><\/span><b>Reduce redundant operating costs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The EPM system helps detect early overspending, duplication or ineffective expenses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Businesses can save significantly on operating costs after 6-12 months of implementation.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Tang_tinh_minh_bach_va_chinh_xac_du_lieu\"><\/span><b>Increase data transparency and accuracy<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">All expenses are tracked, approved, and maintained through automated workflows.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Reduce the risk of fraud, errors or off-budget spending.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Ensure cost data is consistent across departments.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Ho_tro_ra_quyet_dinh_chien_luoc\"><\/span><b>Support strategic decision making<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Real-time dashboard helps CFO\/CEO grasp cost and profit fluctuations instantly.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Combining cost driver analysis and scenario analysis, EPM allows simulating multiple scenarios to select the optimal strategy.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Giam_loi_thu_cong_trong_quan_ly_chi_phi\"><\/span><b>Reduce manual errors in cost management<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EPM automatically aggregates data, compares it, and generates standardized reports.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce dependence on manual Excel.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Save time for FP&amp;A teams, allowing them to focus on analysis instead of data entry.<\/span><\/li>\n<\/ul>\n<p><b>Impact of EPM on Profitability and Overall Performance<\/b><\/p>\n<p><span style=\"font-weight: 400;\">EPM not only helps businesses control costs, but also directly improves profits through:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Optimizing resource allocation:<span style=\"font-weight: 400;\"> Ensure budgets are focused on activities that deliver the highest value.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Accurately forecast revenue and expenses:<span style=\"font-weight: 400;\"> Limit overstock\/understock, avoid wasting working capital.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Respond flexibly to market fluctuations:<span style=\"font-weight: 400;\"> Update financial plans in real time, helping management make faster and more accurate decisions.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Vi_du_minh_hoa\"><\/span><b>Illustrative example<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">By simply reducing 2% of operating costs, businesses can directly increase profit margins (EBITDA margin) without increasing revenue.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accurate sales forecasting helps balance production and inventory, reducing warehousing costs, thereby increasing ROI and Profit-per-Project.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"KPI_theo_doi_hieu_qua\"><\/span><b>KPI for effective tracking<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>EBITDA Margin:<\/b><span style=\"font-weight: 400;\"> Profit margin before depreciation and taxes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>ROI (Return on Investment):<\/b><span style=\"font-weight: 400;\"> Investment capital efficiency.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Profit-per-Project:<\/b><span style=\"font-weight: 400;\"> Net profit per project or product.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Operating Cost Ratio:<\/b><span style=\"font-weight: 400;\"> Operating expense to revenue ratio \u2013 an indicator of overall efficiency of cost management.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999979109\" aria-describedby=\"caption-attachment-999979109\" style=\"width: 1080px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999979109 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-2.png\" alt=\"epm-cost-control-3\" width=\"1080\" height=\"1080\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-2.png 1080w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-2-300x300.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-2-1024x1024.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-2-150x150.png 150w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-2-768x768.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-2-12x12.png 12w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><figcaption id=\"caption-attachment-999979109\" class=\"wp-caption-text\">EPM is not only a cost aggregation and reporting tool, but also provides advanced financial management methods to help businesses proactively control, optimize and forecast costs.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Cac_phan_mem_EPM_kiem_soat_chi_phi_pho_bien\"><\/span><b>Popular cost control EPM software\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When choosing an EPM system to control costs, businesses should consider many factors such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assess the current state of data &amp; internal needs (what is lacking, what needs to be improved).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Determine a feasible budget \u2013 including implementation + maintenance + staffing costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consider solutions that are well-localized for the Vietnamese market.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compare multiple vendors, test demos with real data; get feedback from end users.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Below are some of the most popular profit-optimizing, cost-controlling EPM parts.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Oracle_EPM_Cloud\"><\/span><b>Oracle EPM Cloud<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It is the world&#039;s leading EPM platform, providing a comprehensive set of tools for Planning, Budgeting, Forecasting and Financial Close.<\/span><\/p>\n<p><b>Advantage:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tightly integrated with Oracle ERP Cloud, supporting multinational business models.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strong in driver-based planning and scenario modeling.<\/span><\/li>\n<\/ul>\n<p><b>Limit:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High implementation and operating costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Difficult to customize for small and medium businesses.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"SAP_BPC_Business_Planning_Consolidation\"><\/span><b>SAP BPC (Business Planning &amp; Consolidation)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">SAP&#039;s solution focuses on combining consolidation reporting and financial planning.<\/span><\/p>\n<p><b>Advantage:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Seamless integration with SAP ERP\/S4HANA.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Support cost control at department and cost center levels.<\/span><\/li>\n<\/ul>\n<p><b>Limit:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Complex implementation, long time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strong dependence on SAP infrastructure, difficult to integrate external systems.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999979112\" aria-describedby=\"caption-attachment-999979112\" style=\"width: 655px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-999979112 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-5.webp\" alt=\"epm-cost-control-5\" width=\"655\" height=\"368\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-5.webp 655w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-5-300x169.webp 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/epm-kiem-soat-chi-phi-5-18x10.webp 18w\" sizes=\"(max-width: 655px) 100vw, 655px\" \/><figcaption id=\"caption-attachment-999979112\" class=\"wp-caption-text\">SAP&#039;s solution focuses on combining consolidation reporting and financial planning.<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"IBM_Planning_Analytics_TM1\"><\/span><b>IBM Planning Analytics (TM1)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This is a planning tool based on OLAP cube technology (TM1 engine), famous for its complex data analysis and simulation capabilities.<\/span><\/p>\n<p><b>Advantage:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Flexible, strong in custom modeling.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supports AI-powered forecasting.<\/span><\/li>\n<\/ul>\n<p><b>Limit:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The interface is difficult to use for non-technical people.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Requires specialized IT operations team.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Anaplan\"><\/span><b>Anaplan<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Anaplan provides a modern EPM solution based on the Connected Planning platform, aimed at businesses with multi-departmental collaboration needs.<\/span><\/p>\n<p><b>Advantage:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supports real-time, multi-scenario planning.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Friendly and flexible interface.<\/span><\/li>\n<\/ul>\n<p><b>Limit:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High license cost, charged per user.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Internet connection dependent, limited offline customization.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Workday_Adaptive_Planning\"><\/span><b>Workday Adaptive Planning<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This is a popular cloud-based EPM solution in the service, technology, and education sectors.<\/span><\/p>\n<p><b>Advantage:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fast deployment, friendly interface.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Support dynamic reports and dashboards.<\/span><\/li>\n<\/ul>\n<p><b>Limit:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limited third-party ERP integration capabilities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Not suitable for large manufacturing enterprises.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"OneStream_EPM\"><\/span><b>OneStream EPM<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This is a Unified Platform for Planning, Consolidation, and Financial Reporting.<\/span><\/p>\n<p><b>Advantage:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manage the entire FP&amp;A cycle in one platform.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Good for multinational companies.<\/span><\/li>\n<\/ul>\n<p><b>Limit:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Requires complex configuration and high investment costs.<\/span><\/li>\n<\/ul>\n<div class=\"mceTemp\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Cau_hoi_thuong_gap_ve_EPM_trong_kiem_soat_chi_phi_FAQ\"><\/span><b>Frequently Asked Questions about EPM in Cost Control (FAQ)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Below is a Frequently Asked Questions (FAQ) section related to the topic \u201cCost Control with EPM\u201d.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"EPM_giup_kiem_soat_chi_phi_nhu_the_nao\"><\/span><b>How does EPM help control costs?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM (Enterprise Performance Management) helps businesses centralize and standardize cost data from multiple sources (ERP, CRM, HRM, etc.). The system allows for budgeting, cost forecasting, variance analysis, and real-time KPI cost monitoring.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a result, CFOs can detect overspending, evaluate ROI, and make timely spending adjustments.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"EPM_khac_Excel_trong_kiem_soat_chi_phi_ra_sao\"><\/span><b>How is EPM different from Excel in cost control?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Excel:<\/b><span style=\"font-weight: 400;\"> flexible but fragmented, error-prone, lacking connectivity between departments<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>EPM:<\/b><span style=\"font-weight: 400;\"> automatically synchronize data from multiple systems, <\/span><b>Standardize cost center, track Actual vs Budget vs Forecast<\/b><span style=\"font-weight: 400;\">, and have <\/span><b>intuitive dashboard<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Module_nao_trong_EPM_dung_cho_kiem_soat_chi_phi\"><\/span><b>Which module in EPM is used for cost control?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM usually has main modules:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Budgeting &amp; Forecasting: Establish and update cost budgets continuously.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cost Management: Classify, standardize, and allocate costs by activity (ABC).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Variance Analysis: Analysis of the difference between actual and planned.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reporting &amp; Dashboard: Track cost KPIs, EBITDA margin, ROI\u2026 in real time.<\/span><\/li>\n<\/ul>\n<p><b>Are there any real-life examples of businesses applying EPM to optimize costs?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Yes. Panasonic, Monex Group, and LIXIL have implemented EPM to consolidate data and generate financial forecasts faster.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Result:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Forecasting time is reduced from weeks to days.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ROI achieved in just 3 months.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accuracy in cost forecasting increased by 40%.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This proves that EPM not only reduces costs but also optimizes overall performance and profitability.<\/span><\/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;\">In the context of Vietnamese enterprises being increasingly pressured on operational efficiency and profitability, cost control is no longer a mere accounting task, but a survival strategy. And <a href=\"https:\/\/bizzi.vn\/loi-ich-epm-cho-doanh-nghiep\/\">EPM benefits<\/a> (Enterprise Performance Management) is the foundation that helps realize that strategy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPM provides a unified financial picture, connecting data from ERP, CRM, HRM... so that businesses can:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Track costs in real-time, detect discrepancies and take timely action.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">More accurate budgeting, forecasting, and cost analysis helps management be proactive rather than reactive.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increase transparency, reduce Excel dependency, improve FP&amp;A capabilities, and support data-driven strategic decision making.<\/span><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>In a context of rising operating costs and growing pressure on margins, simply \u201ccutting costs\u201d is not\u2026<\/p>","protected":false},"author":56,"featured_media":999979036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[76,85],"tags":[],"class_list":["post-999979107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-goc-nhin-cfo","category-kiem-soat"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979107","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=999979107"}],"version-history":[{"count":2,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979107\/revisions"}],"predecessor-version":[{"id":999980392,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979107\/revisions\/999980392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999979036"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999979107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999979107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999979107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}