{"id":999979160,"date":"2025-11-10T15:04:18","date_gmt":"2025-11-10T08:04:18","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999979160"},"modified":"2026-06-09T13:42:39","modified_gmt":"2026-06-09T06:42:39","slug":"epm-budget-management-guide","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/","title":{"rendered":"Guide to budget management using EPM"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In an age where data is at the heart of every decision, budgeting is no longer just about \u201cspending money wisely\u201d \u2013 it becomes a process. <\/span><b>data-driven forecasting, planning, and strategic decision making<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the support of <\/span><b>EPM (Enterprise Performance Management)<\/b><span style=\"font-weight: 400;\">, businesses can <\/span><b>Flexible financial planning, cost control and investment efficiency optimization<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This article will guide you in detail how to <\/span><b>budget management with EPM<\/b><span style=\"font-weight: 400;\"> \u2013 from processes, methods, benefits to implementation tools suitable for Vietnamese businesses.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 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-budget-management-guide\/#Vai_tro_quan_trong_cua_EPM_trong_quan_tri_ngan_sach\" >What is the important role of EPM in budget management?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#Quy_trinh_quan_tri_ngan_sach_bang_EPM\" >Budget management process using EPM<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#Buoc_1_Thu_thap_du_lieu_tu_ERPCRM_va_cac_he_thong_khac\" >Step 1. Collect 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-4\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#Buoc_2_Lap_ke_hoach_ngan_sach_theo_phong_ban_du_an_chi_nhanh\" >Step 2. Plan budget 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-5\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#Buoc_3_Thiet_lap_ngan_sach_tong_hop_va_chi_tiet\" >Step 3. Set up a general and detailed budget<\/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\/epm-budget-management-guide\/#Buoc_4_Du_bao_ngan_sach_phan_tich_bien_dong_Variance_Analysis\" >Step 4. Budget forecast &amp; variance analysis<\/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-budget-management-guide\/#Buoc_5_Phe_duyet_va_giam_sat_ngan_sach\" >Step 5. Approve and monitor the budget<\/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-budget-management-guide\/#Buoc_6_Bao_cao_phan_tich_theo_KPI\" >Step 6. Reporting &amp; analysis by KPI<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#Cac_phuong_phap_quan_ly_ngan_sach_trong_EPM\" >Budget management 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-10\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#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-11\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#Incremental_Budgeting\" >Incremental Budgeting<\/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\/epm-budget-management-guide\/#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-13\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#Loi_ich_cua_quan_tri_ngan_sach_bang_EPM\" >Benefits of budget management using EPM<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#Toi_uu_hoa_dong_tien\" >Cash flow optimization<\/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\/epm-budget-management-guide\/#Tang_tinh_minh_bach_va_kiem_soat_chi_phi\" >Increased transparency and cost control<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#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-17\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#Giam_loi_thu_cong_va_thoi_gian_xu_ly\" >Reduce manual errors and processing time<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#Cong_cu_phan_mem_EPM_pho_bien_cho_quan_tri_ngan_sach\" >Popular EPM Tools &amp; Software for Budget Management<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#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-20\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#SAP_BPC_Business_Planning_and_Consolidation\" >SAP BPC (Business Planning and Consolidation)<\/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-budget-management-guide\/#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-22\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#Anaplan\" >Anaplan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#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-24\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#OneStream\" >OneStream<\/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\/epm-budget-management-guide\/#Cau_hoi_thuong_gap_FAQ_%E2%80%93_schema_FAQ\" >Frequently Asked Questions (FAQ \u2013 schema FAQ)<\/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\/epm-budget-management-guide\/#1_Lam_the_nao_de_quan_tri_ngan_sach_bang_EPM\" >1. How to manage budget with EPM?<\/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-budget-management-guide\/#2_EPM_giup_lap_ngan_sach_theo_phong_ban_hay_theo_du_an\" >2. Does EPM help with budgeting by department or by project?<\/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-budget-management-guide\/#3_Loi_ich_cua_quan_tri_ngan_sach_bang_EPM_so_voi_Excel_la_gi\" >3. What are the benefits of budget management using EPM compared to Excel?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#4_EPM_co_ho_tro_du_bao_ngan_sach_forecasting_khong\" >4. Does EPM support budget forecasting?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/bizzi.vn\/en\/epm-budget-management-guide\/#5_Co_vi_du_thuc_te_doanh_nghiep_ap_dung_EPM_de_quan_ly_ngan_sach_khong\" >5. Are there any real-life examples of businesses applying EPM to manage budgets?<\/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-budget-management-guide\/#6_Cac_module_EPM_nao_duoc_dung_cho_quan_tri_ngan_sach\" >6. Which EPM modules are used for budget management?<\/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\/epm-budget-management-guide\/#Ket_luan\" >Conclude<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Vai_tro_quan_trong_cua_EPM_trong_quan_tri_ngan_sach\"><\/span><b>What is the important role of EPM in budget management?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Before we learn how EPM helps <a href=\"https:\/\/bizzi.vn\/cach-lap-ke-hoach-ngan-sach-doanh-nghiep-toan-dien\/\">set a budget<\/a>, let&#039;s understand this concept correctly and why it has become the &quot;backbone&quot; of modern financial management.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/bizzi.vn\/epm-la-gi\/\">EPM (Enterprise Performance Management)<\/a> also known as CPM (Corporate Performance Management) is a system that helps businesses plan, forecast, analyze and report financial performance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPM is used in activities such as budgeting &amp; forecasting, FP&amp;A (Financial Planning &amp; Analysis) and strategic planning.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One point of confusion is between <a href=\"https:\/\/bizzi.vn\/so-sanh-epm-va-erp\/\">ERP and EPM:<\/a><\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ERP (Enterprise Resource Planning) stores and processes actual transactions (invoices, salaries, inventory\u2026).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EPM uses that data to plan, forecast, and analyze operational performance.<\/span><\/li>\n<\/ul>\n<table>\n<tbody>\n<tr>\n<td><b>Criteria<\/b><\/td>\n<td><b>ERP<\/b><\/td>\n<td><b>EPM<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Main function<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Transaction recording, accounting management<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Planning, forecasting, performance analysis<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Data<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Historical data<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Future data (planning, simulation)<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Main users<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Accounting, operations<\/span><\/td>\n<td><span style=\"font-weight: 400;\">CFO, FP&amp;A, strategic management<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Target<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Manage daily operations<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Support strategic decision making<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">In other words: ERP records the past \u2013 EPM predicts the future.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Quy_trinh_quan_tri_ngan_sach_bang_EPM\"><\/span><b>Budget management process using EPM<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Before implementing EPM, businesses need to understand the comprehensive budget management process \u2014 from data collection to KPI monitoring and reporting.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_1_Thu_thap_du_lieu_tu_ERPCRM_va_cac_he_thong_khac\"><\/span><b>Step 1. Collect data from ERP\/CRM and other systems<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM automatically connects to <\/span><b>ERP, CRM, HRM, POS<\/b><span style=\"font-weight: 400;\"> or BI tools to aggregate operational data. The goal is to create a <\/span><b>\u201cSingle Source of Truth\u201d<\/b><span style=\"font-weight: 400;\">, ensuring all numbers in the report are synchronized.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_2_Lap_ke_hoach_ngan_sach_theo_phong_ban_du_an_chi_nhanh\"><\/span><b>Step 2. Plan budget by department, project, branch<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Businesses can choose:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Top-down budgeting<\/b><span style=\"font-weight: 400;\">:The board of directors assigns the total budget target, and the departments reallocate it.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bottom-up budgeting<\/b><span style=\"font-weight: 400;\">: Departments make their own plans, then synthesize them into the entire enterprise budget.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">EPM allows both methods to work in parallel, helping budget <\/span><b>consistent with strategic objectives<\/b><span style=\"font-weight: 400;\"> and reflect <\/span><b>business practices<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_3_Thiet_lap_ngan_sach_tong_hop_va_chi_tiet\"><\/span><b>Step 3. Set up a general and detailed budget<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM budget classification:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Operating budget (OPEX)<\/b><span style=\"font-weight: 400;\"> \u2013 regular operating costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Capital expenditure budget (CAPEX)<\/b><span style=\"font-weight: 400;\"> \u2013 purchasing, expansion, R&amp;D costs.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"> The system also allows <\/span><b>Track financial KPIs<\/b><span style=\"font-weight: 400;\"> (such as EBITDA, ROI, Cost per Project) to evaluate the effectiveness of each expense.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_4_Du_bao_ngan_sach_phan_tich_bien_dong_Variance_Analysis\"><\/span><b>Step 4. Budget forecast &amp; variance analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One strong point of <\/span><b>EPM budgeting<\/b><span style=\"font-weight: 400;\"> is the ability to create <\/span><b>Rolling Forecast<\/b><span style=\"font-weight: 400;\"> \u2013 dynamic forecasts, continuously updated every quarter. CFOs can analyze <\/span><b>Actual vs Budget vs Forecast<\/b><span style=\"font-weight: 400;\"> to detect deviations early and adjust plans immediately.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_5_Phe_duyet_va_giam_sat_ngan_sach\"><\/span><b>Step 5. Approve and monitor the budget<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM provides <\/span><b>automated approval workflow<\/b><span style=\"font-weight: 400;\">, helping to reduce budget review time between management levels. Departments can track spending status in real time, ensuring <\/span><b>costs are always within approved limits<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_6_Bao_cao_phan_tich_theo_KPI\"><\/span><b>Step 6. Reporting &amp; analysis by KPI<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM aggregates data into <\/span><b>management reporting<\/b><span style=\"font-weight: 400;\"> with intuitive dashboard. Managers can track KPIs such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Forecast Accuracy<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Budget Variance (%)<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Planning Cycle Time<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cost-to-Revenue Ratio<\/b><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Cac_phuong_phap_quan_ly_ngan_sach_trong_EPM\"><\/span><b>Budget management methods in EPM<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In the EPM (Enterprise Performance Management) system, businesses can apply many different budget management methods depending on their development stage, business strategy and maturity level of the financial system.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The three most popular methods include Zero-Based Budgeting (ZBB), Incremental Budgeting, and Rolling Forecast.<\/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 creating a budget from scratch, rather than relying on the previous year&#039;s figures. Each department must justify spending on each item and clearly define the value it brings to the organization.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999979163 size-large aligncenter\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/zero-based-budgeting-1024x577.png\" alt=\"budget management with epm \" width=\"1024\" height=\"577\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/zero-based-budgeting-1024x577.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/zero-based-budgeting-300x169.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/zero-based-budgeting-768x433.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/zero-based-budgeting-18x10.png 18w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/zero-based-budgeting.png 1360w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><b>Characteristic:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Each budget period starts completely over.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">All expenditures must be assessed based on actual needs and priorities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increase accountability and transparency in resource allocation.<\/span><\/li>\n<\/ul>\n<p><b>When to apply:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The business is in the process of restructuring or needs to cut unnecessary costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">When it is necessary to review all expenses to ensure investment efficiency.<\/span><\/li>\n<\/ul>\n<p><b>Advantage:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helps optimize costs, eliminate wasteful expenses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enhance transparency and accountability in budget management.<\/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;\">It takes a lot of time and effort to evaluate each expense.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Incremental_Budgeting\"><\/span><b>Incremental Budgeting<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Incremental Budgeting is a traditional budgeting method in which a business adjusts the new budget based on the previous period&#039;s figures, usually increasing or decreasing by a fixed percentage.<\/span><\/p>\n<p><img decoding=\"async\" class=\"wp-image-999979162 size-large aligncenter\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/Incremental-Budgeting--1024x535.webp\" alt=\"EPM Budgeting \" width=\"1024\" height=\"535\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/Incremental-Budgeting--1024x535.webp 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/Incremental-Budgeting--300x157.webp 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/Incremental-Budgeting--768x401.webp 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/Incremental-Budgeting--18x9.webp 18w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/Incremental-Budgeting-.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><b>Characteristic:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Simple, easy to implement and does not require major changes in processes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Departments rely on the previous year&#039;s budget as the basis for calculations for the next period.<\/span><\/li>\n<\/ul>\n<p><b>For example:<\/b><span style=\"font-weight: 400;\"> If the Marketing department was allocated 1 billion VND last year, this year it can increase by 10%, equivalent to 1.1 billion VND.<\/span><\/p>\n<p><b>Advantage:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Easy to apply, suitable for businesses with stable operations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduces budgeting time compared to other methods.<\/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;\">Easily creates conservative mentality, lack of innovation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ineffective spending can continue if not carefully reviewed.<\/span><\/li>\n<\/ul>\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 dynamic forecasting method that allows businesses to update and adjust their budgets regularly (monthly or quarterly), instead of keeping them fixed for the entire fiscal year.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-999979161 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/rc118-emp-single-source-2.avif\" alt=\"\" width=\"1187\" height=\"670\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/rc118-emp-single-source-2.avif 1187w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/rc118-emp-single-source-2-300x169.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/rc118-emp-single-source-2-1024x578.jpg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/rc118-emp-single-source-2-768x433.jpg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/rc118-emp-single-source-2-18x10.jpg 18w\" sizes=\"(max-width: 1187px) 100vw, 1187px\" \/><\/p>\n<p><b>Characteristic:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Forecast continuously for 12 months or more, depending on the business&#039;s management cycle.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use the latest real-world data to update forecasts, keeping plans in line with market conditions.<\/span><\/li>\n<\/ul>\n<p><b>How it works:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Every quarter, businesses update their forecasts for the next 12 months.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data from ERP, CRM, HRM systems are integrated into the EPM platform to automatically update and recalculate financial indicators.<\/span><\/li>\n<\/ul>\n<p><b>Benefit:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Help management respond quickly to market fluctuations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increase the accuracy of financial planning.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Support flexible and timely strategic decision making.<\/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 centralized data systems and EPM technology to support automated processing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Need FP&amp;A team with analytical skills and regular forecast updates.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Loi_ich_cua_quan_tri_ngan_sach_bang_EPM\"><\/span><b>Benefits of budget management using EPM<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Businesses cannot rely solely on static budgets to manage their finances. Applying EPM (Enterprise Performance Management) in budget management helps businesses not only control costs but also proactively forecast and adjust financial plans in real time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are four core benefits that EPM budgeting brings to modern businesses.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Toi_uu_hoa_dong_tien\"><\/span><b>Cash flow optimization<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One of the most prominent benefits of <\/span><b>EPM in budget management<\/b><span style=\"font-weight: 400;\"> is the ability <\/span><b>cash flow forecasting<\/b><span style=\"font-weight: 400;\"> with high precision.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unlike manual planning on Excel, EPM systems allow businesses to connect data from ERP, CRM, HRM to model the entire future cash flow.<\/span><\/p>\n<p><b>Specifically:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EPM helps businesses track cash flow in real time, including projected revenue, operating costs, liabilities, and investments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">From there, CFOs and FP&amp;A departments can detect cash flow shortage risks early, adjust spending plans or find alternative sources of finance in a timely manner.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accurate forecasting also helps businesses reduce short-term borrowing costs and optimize overall financial costs.<\/span><\/li>\n<\/ul>\n<p><b>For example:<\/b><span style=\"font-weight: 400;\"> A manufacturing enterprise applying EPM can predict negative cash flow cycles (cash gap) during low months, thereby renegotiating payment schedules with suppliers to maintain stable liquidity.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tang_tinh_minh_bach_va_kiem_soat_chi_phi\"><\/span><b>Increased transparency and cost control<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Financial transparency is the foundation of effective governance. <\/span><b>EPM helps with financial planning<\/b><span style=\"font-weight: 400;\"> according to a hierarchical structure \u2013 from department, project to branch \u2013 and record each expense with a clear origin.<\/span><\/p>\n<p><b>Outstanding benefits:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EPM system allows tracking of actual vs budget in real time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data is recorded and displayed centrally, making it easy for CFOs to spot discrepancies or cost overruns.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Managing budgets with automated approval workflows also minimizes the risk of fraud and manual errors.<\/span><\/li>\n<\/ul>\n<p><b>Result:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Each department can monitor its own spending, increasing autonomy and responsibility.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Management has a holistic view, ensuring spending is always linked to investment performance.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Compared to Excel, where data is fragmented and error-prone, <\/span><b>EPM budgeting<\/b><span style=\"font-weight: 400;\"> provide a \u201csingle source of truth\u201d \u2013 a unified and transparent source of data for the entire organization.<\/span><\/p>\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<p><span style=\"font-weight: 400;\">Besides EPM helps in financial planning, it is also <\/span><b>strategic analysis tools<\/b><span style=\"font-weight: 400;\"> powerful. Through dashboards and real-time reporting, businesses can transform data into insights for decision-making.<\/span><\/p>\n<p><b>EPM helps management:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compare actual performance to plans across multiple dimensions (department, product, region, project).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Develop scenario planning to assess the impact of market fluctuations, raw material prices or revenue changes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Quickly analyze financial indicators such as ROI, EBITDA, Gross Margin to support investment strategy adjustment.<\/span><\/li>\n<\/ul>\n<p><b>Real life example:<\/b><span style=\"font-weight: 400;\"> A retail company can use EPM to simulate the impact of increased marketing spending on sales and net income. These predictive models help CFOs make quick and accurate decisions, instead of manually aggregating data from multiple Excel files.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Giam_loi_thu_cong_va_thoi_gian_xu_ly\"><\/span><b>Reduce manual errors and processing time<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">For businesses that are still managing budgets using Excel, updating data, checking formulas, and compiling reports often takes up the majority of the FP&amp;A team&#039;s time.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"> EPM helps <\/span><b>Automate the entire budgeting and forecasting process<\/b><span style=\"font-weight: 400;\">, significantly reducing errors and processing time.<\/span><\/p>\n<p><b>Specific benefits:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically aggregate data from multiple sources (ERP, CRM, HRM).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Error warning system, data logic check, manual error elimination.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Budget approval and forecast workflows help operations run smoother.<\/span><\/li>\n<\/ul>\n<p><b>Actual impact:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Budgeting time is reduced from weeks to just days.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Finance staff can spend more time on strategic analysis rather than crunching numbers.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Cong_cu_phan_mem_EPM_pho_bien_cho_quan_tri_ngan_sach\"><\/span><b>Popular EPM Tools &amp; Software for Budget Management<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Choosing the right EPM software is a decisive factor in helping businesses improve the effectiveness of planning, forecasting and financial analysis. Below is a summary of the <\/span><b>Most popular EPM solution<\/b><span style=\"font-weight: 400;\"> on the market today, trusted by many large corporations in the world and in Vietnam.<\/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;\">Oracle EPM Cloud is a comprehensive enterprise performance management platform, supporting everything from budgeting and forecasting to consolidation and reporting.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provides dynamic forecasting and what-if scenario simulation capabilities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Integrates well with Oracle ERP and BI systems.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Suitable for large corporations that need to standardize global financial management processes.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"SAP_BPC_Business_Planning_and_Consolidation\"><\/span><b>SAP BPC (Business Planning and Consolidation)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">SAP BPC is a powerful EPM solution that integrates directly within the SAP ecosystem.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Support financial planning, consolidation and reporting.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Flexible configuration, suitable for businesses using SAP ERP.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Advantages: high security, large data processing capability.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Disadvantages: initial investment and implementation costs are quite high.<\/span><\/p>\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;\">IBM TM1 is an OLAP-based performance planning and analysis tool.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allows for detailed budgeting and forecasting model customization.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real-time connection with Excel, making it easy for users to operate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Suitable for medium to large sized businesses with complex data modeling needs.<\/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 is a cloud-based EPM platform that features cross-departmental connectivity and collaboration.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Support budgeting, analysis and strategic planning.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allows for intuitive, customizable financial modeling.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Suitable for businesses that need a flexible, fast collaboration environment.<\/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;\">Workday&#039;s EPM solution focuses on user experience and high automation capabilities.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Intuitive interface, easy to use.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supports rolling forecasts and real-time reporting.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Integrates well with Workday&#039;s HR and financial systems.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"OneStream\"><\/span><b>OneStream<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">OneStream is aimed at large enterprises that need to consolidate complex financial data.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Integrate budgeting, forecasting, consolidation, and reporting in one platform.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce the need for multiple separate tools.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strengths: centralized management, suitable for multi-company corporations.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Cau_hoi_thuong_gap_FAQ_%E2%80%93_schema_FAQ\"><\/span><b>Frequently Asked Questions (FAQ \u2013 schema FAQ)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Below are common questions that businesses often ask when learning about <\/span><b>Budget management using EPM (Enterprise Performance Management)<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Lam_the_nao_de_quan_tri_ngan_sach_bang_EPM\"><\/span><b>1. How to manage budget with EPM?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Enterprises can manage budgets with EPM by integrating data from ERP, CRM, and HRM systems to plan, allocate budgets, and track spending in real time. EPM allows creating a budgeting process with a clear approval workflow, while supporting variance analysis to help control financial performance.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_EPM_giup_lap_ngan_sach_theo_phong_ban_hay_theo_du_an\"><\/span><b>2. Does EPM help with budgeting by department or by project?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">EPM supports both budgeting models: <\/span><b>department<\/b><span style=\"font-weight: 400;\"> and <\/span><b>by project<\/b><span style=\"font-weight: 400;\">Businesses can set up a flexible budget structure to properly reflect the specific characteristics of their operations, for example: creating a marketing budget, a human resources budget, or an investment budget for each specific project.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Loi_ich_cua_quan_tri_ngan_sach_bang_EPM_so_voi_Excel_la_gi\"><\/span><b>3. What are the benefits of budget management using EPM compared to Excel?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00a0Compared to Excel, EPM helps:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automate the entire process of budgeting, approving, and tracking.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce errors due to manual data entry.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Support multidimensional data analysis and KPI reporting.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allows multi-user collaboration and real-time data updates.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"4_EPM_co_ho_tro_du_bao_ngan_sach_forecasting_khong\"><\/span><b>4. Does EPM support budget forecasting?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes. Current EPM tools support <\/span><b>rolling forecast<\/b><span style=\"font-weight: 400;\"> \u2013 dynamic budget forecasting, which continuously updates according to actual market fluctuations and business operations. This helps CFOs and management quickly adjust financial plans when changes occur.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Co_vi_du_thuc_te_doanh_nghiep_ap_dung_EPM_de_quan_ly_ngan_sach_khong\"><\/span><b>5. Are there any real-life examples of businesses applying EPM to manage budgets?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Many large enterprises have successfully applied EPM, for example:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Multinational corporations such as <\/span><b>Unilever, Coca-Cola, and IBM<\/b><span style=\"font-weight: 400;\"> Use Oracle EPM or Anaplan to optimize planning and forecasting processes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In Vietnam, many medium and large enterprises are implementing <\/span><span style=\"font-weight: 400;\"><b>EPM <\/b><\/span><span style=\"font-weight: 400;\">to manage budgets, helping to shorten planning time from weeks to days.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"6_Cac_module_EPM_nao_duoc_dung_cho_quan_tri_ngan_sach\"><\/span><b>6. Which EPM modules are used for budget management?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Common modules in the EPM system include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Budgeting &amp; Forecasting<\/b><span style=\"font-weight: 400;\">: financial planning and forecasting.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Financial Consolidation<\/b><span style=\"font-weight: 400;\">: consolidated financial statements.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Profitability &amp; Cost Management<\/b><span style=\"font-weight: 400;\">: cost and profit analysis.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Management Reporting<\/b><span style=\"font-weight: 400;\">: KPI management report.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Scenario Planning<\/b><span style=\"font-weight: 400;\">: simulate financial scenarios.<\/span><\/li>\n<\/ul>\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 businesses strongly transforming in the direction of <\/span><b>data-driven<\/b><span style=\"font-weight: 400;\"> (data-driven decision making), budget management using EPM is no longer an option \u2013 it is an essential requirement to maintain competitiveness.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPM helps businesses <\/span><b>Standardize planning - forecasting - analysis processes<\/b><span style=\"font-weight: 400;\">, increasing transparency in cost management, while optimizing investment efficiency. From there, CFOs and management can make <\/span><b>Make faster, more accurate decisions based on reliable data<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>In an age where data is at the heart of every decision, budget management is no longer just about \u201cspending money wisely\u201d\u2026<\/p>","protected":false},"author":37,"featured_media":999979164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[76,263],"tags":[],"class_list":["post-999979160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-goc-nhin-cfo","category-kien-thuc"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979160","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\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999979160"}],"version-history":[{"count":3,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979160\/revisions"}],"predecessor-version":[{"id":999980408,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979160\/revisions\/999980408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999979164"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999979160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999979160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999979160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}