{"id":999979166,"date":"2025-11-10T15:41:18","date_gmt":"2025-11-10T08:41:18","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999979166"},"modified":"2026-06-03T23:33:41","modified_gmt":"2026-06-03T16:33:41","slug":"using-epm-risk-management","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/using-epm-risk-management\/","title":{"rendered":"Using EPM for Risk Management: How EPM Helps Early Detection, Modeling, and Control of Enterprise Risks"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In today\u2019s ever-changing business environment, risks can come from all directions: markets, supply chains, financial fluctuations, and even policy changes. Today\u2019s CFOs and executives need to not only detect risks in a timely manner, but also measure, simulate, and control the impact of risks before they affect financial results.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And that&#039;s when systems come in. <a href=\"https:\/\/bizzi.vn\/epm-la-gi\/\">Enterprise Performance Management (EPM)<\/a> leverage. Going beyond planning and forecasting, EPM is becoming a strategic tool that helps businesses proactively identify risks, simulate \u201cwhat-if\u201d scenarios, and build the ability to respond quickly to change.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article, we\u2019ll explore how EPM helps businesses detect risks early, model their impact, and implement proactive controls\u2014enabling finance and operations teams to not only \u201creact,\u201d but also \u201clead\u201d in modern risk management.<\/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\/using-epm-risk-management\/#Vi_sao_quan_ly_rui_ro_bang_EPM_la_can_thiet\" >Why is risk management by EPM necessary?<\/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\/using-epm-risk-management\/#4_loai_rui_ro_doanh_nghiep_va_cach_EPM_ho_tro\" >4 Types of Enterprise Risk and How EPM Helps<\/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\/using-epm-risk-management\/#Rui_ro_tai_chinh_Financial_Risk\" >Financial Risk<\/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\/using-epm-risk-management\/#Rui_ro_van_hanh_Operational_Risk\" >Operational Risk<\/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\/using-epm-risk-management\/#Rui_ro_tuan_thu_Compliance_Risk\" >Compliance Risk<\/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\/using-epm-risk-management\/#Rui_ro_chuoi_cung_ung_chien_luoc_Supply_Chain_Strategic_Risk\" >Supply Chain \/ Strategic Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bizzi.vn\/en\/using-epm-risk-management\/#Cach_EPM_bien_du_lieu_thanh_he_thong_canh_bao_rui_ro\" >How EPM Turns Data into a Risk Alert System<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bizzi.vn\/en\/using-epm-risk-management\/#Lo_trinh_trien_khai_EPM_trong_quan_tri_rui_ro\" >Roadmap for implementing EPM in risk management<\/a><\/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\/using-epm-risk-management\/#Bo_KPIKRI_mau_cho_quan_tri_rui_ro_qua_EPM\" >Sample KPI\/KRI Set for Risk Management through EPM<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/bizzi.vn\/en\/using-epm-risk-management\/#Best_Practices_Pitfalls_khi_trien_khai_EPM_trong_Quan_tri_Rui_ro\" >Best Practices &amp; Pitfalls when implementing EPM in Risk Management<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/bizzi.vn\/en\/using-epm-risk-management\/#Best_Practices\" >Best Practices\u00a0<\/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\/using-epm-risk-management\/#Pitfalls_%E2%80%93_Nhung_sai_lam_thuong_gap\" >Pitfalls \u2013 Common Mistakes<\/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\/using-epm-risk-management\/#Checklist_truoc_khi_van_hanh_he_thong_EPM\" >Checklist before operating the EPM system<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/bizzi.vn\/en\/using-epm-risk-management\/#Case_studies_proof_points\" >Case studies &amp; proof points<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/bizzi.vn\/en\/using-epm-risk-management\/#Case_1_Panasonic_%E2%80%93_Tang_toc_do_du_bao_tai_chinh_nho_EPM\" >Case 1: Panasonic \u2013 Speed up financial forecasting with EPM<\/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\/using-epm-risk-management\/#Case_2_Monex_Group_Sigmaxyz_LIXIL_%E2%80%93_Gia_tang_tinh_linh_hoat_trong_FP_A\" >Case 2: Monex Group, Sigmaxyz &amp; LIXIL \u2013 Increasing Flexibility in FP&amp;A<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/bizzi.vn\/en\/using-epm-risk-management\/#Ket_luan\" >Conclude<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Vi_sao_quan_ly_rui_ro_bang_EPM_la_can_thiet\"><\/span><strong>Why is risk management by EPM necessary?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">While <a href=\"https:\/\/bizzi.vn\/erp-la-gi-phan-mem-erp-mang-lai-loi-ich-gi-cho-doanh-nghiep\/\">ERP<\/a> transaction storage and BI provides historical reporting, <\/span><b>EPM Risk Management<\/b><span style=\"font-weight: 400;\"> plays a role in connecting data, planning and strategy \u2013 helping businesses \u201clook ahead\u201d instead of just reacting passively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPM (Enterprise Performance Management) is a business performance management platform that integrates data from multiple systems (ERP, CRM, HRM, BI) for planning, forecasting, and analysis. In the management ecosystem, EPM is the bridge between <\/span><b>FP&amp;A (Financial Planning &amp; Analysis)<\/b><span style=\"font-weight: 400;\">, <\/span><b>ERP<\/b><span style=\"font-weight: 400;\">, <\/span><b>Business Intelligence<\/b><span style=\"font-weight: 400;\"> and <\/span><b>Risk Management<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a distributed data landscape, financial \u2013 operational \u2013 supply chain risks can spread rapidly without a unified data source.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"> When implementing EPM, businesses can:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reduce forecast variance<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Shorten financial closing time<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reduce DSO (Days Sales Outstanding<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Early detection of deviations for timely action<\/b><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"4_loai_rui_ro_doanh_nghiep_va_cach_EPM_ho_tro\"><\/span><strong>4 Types of Enterprise Risk and How EPM Helps<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Business risks are not isolated. A small change in cash flow can spill over into operations, supply chains, and even brand reputation. Here are four common risk groups and how to manage them. <\/span><b>EPM helps to control them effectively.<\/b><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999979167 size-full aligncenter\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/Types_of_Risks.png\" alt=\"epm risk management \" width=\"875\" height=\"833\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/Types_of_Risks.png 875w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/Types_of_Risks-300x286.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/Types_of_Risks-768x731.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/11\/Types_of_Risks-13x12.png 13w\" sizes=\"(max-width: 875px) 100vw, 875px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rui_ro_tai_chinh_Financial_Risk\"><\/span><b>Financial Risk<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Problem:<\/b><span style=\"font-weight: 400;\"> Cash flow discrepancies, bad debt, exchange rate fluctuations, or consolidation reporting errors.<\/span><\/p>\n<p><b>EPM Solution: <\/b><span style=\"font-weight: 400;\">\u00a0EPM provides <\/span><b>rolling cash forecast<\/b><span style=\"font-weight: 400;\">, <\/span><b>Consolidate P&amp;L and Cash Flow<\/b><span style=\"font-weight: 400;\">, <\/span><b>sensitivity analysis (what-if)<\/b><span style=\"font-weight: 400;\"> and <\/span><b>Automatic variance drill-down<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This allows CFOs to quickly identify why cash flows deviate from plans and simulate different financial scenarios.<\/span><\/p>\n<p><b>Illustration:<\/b><span style=\"font-weight: 400;\"> A manufacturing company using EPM\u2019s rolling forecast module detected a 15-day cash flow gap from its target. The finance department promptly initiated collections and renegotiated payment terms \u2013 avoiding a cash flow disruption.<\/span><\/p>\n<p><b>Related tools:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Module consolidation &amp; alerts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AR\/AP integration for automatic DSO calculation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real life example: <\/span><b>Bizzi ARM<\/b><span style=\"font-weight: 400;\"> \u2013 automatic debt reminder, debt age analysis and early warning of debt maturity.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Rui_ro_van_hanh_Operational_Risk\"><\/span><b>Operational Risk<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Problem:<\/b><span style=\"font-weight: 400;\"> Data entry errors, internal fraud, expenditure approval errors.<\/span><\/p>\n<p><b>EPM Solution:<\/b><span style=\"font-weight: 400;\"> EPM helps to establish <\/span><b>expense approval workflow<\/b><span style=\"font-weight: 400;\">, <\/span><b>audit trail<\/b><span style=\"font-weight: 400;\">, <\/span><b>exception reporting<\/b><span style=\"font-weight: 400;\"> and <\/span><b>repetitive process automation (RPA)<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><b>Illustration:<\/b><span style=\"font-weight: 400;\"> A multi-branch company used over 30 Excel files to compile expenses. After implementing EPM, they reduced 70% data entry errors thanks to automated workflows and centralized approval controls.<\/span><\/p>\n<p><b>Bizzi Solution:<\/b><span style=\"font-weight: 400;\"> Bizzi provided <\/span><b>Workflow and audit trail systems<\/b><span style=\"font-weight: 400;\"> Helps businesses control the entire lifecycle of documents and spending approvals \u2013 significantly reducing operational risks.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rui_ro_tuan_thu_Compliance_Risk\"><\/span><b>Compliance Risk<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Problem:<\/b><span style=\"font-weight: 400;\"> False tax reporting, non-standard invoices, improper document storage.<\/span><\/p>\n<p><b>EPM Solution:<\/b><span style=\"font-weight: 400;\"> Integration <\/span><b>master data<\/b><span style=\"font-weight: 400;\">, automate standard document storage, and provide <\/span><b>audit-ready reports<\/b><span style=\"font-weight: 400;\"> audit services<\/span><\/p>\n<p><b>Illustration:<\/b><span style=\"font-weight: 400;\"> An FMCG business uses <\/span><b>Bizzi B-invoice<\/b><span style=\"font-weight: 400;\"> to authenticate invoices, securely store them for 10 years, help reduce the risk of tax violations and improve audit readiness.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rui_ro_chuoi_cung_ung_chien_luoc_Supply_Chain_Strategic_Risk\"><\/span><b>Supply Chain \/ Strategic Risk<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Problem:<\/b><span style=\"font-weight: 400;\"> Supply disruptions, raw material price fluctuations, lack of response scenarios.<\/span><\/p>\n<p><b>EPM Solution:<\/b><span style=\"font-weight: 400;\"> Through <\/span><b>scenario planning<\/b><span style=\"font-weight: 400;\"> and <\/span><b>what-if analysis<\/b><span style=\"font-weight: 400;\">, EPM helps simulate the impact when raw material prices increase by 10-30% or when suppliers are 2 weeks late.<\/span><\/p>\n<p><b>Illustration:<\/b><span style=\"font-weight: 400;\"> A metal manufacturing plant using EPM simulates a scenario where raw material prices increase by 15%, finds that its profit margin decreases by 8%, and adjusts its purchasing plan and optimizes inventory to maintain profit margins.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cach_EPM_bien_du_lieu_thanh_he_thong_canh_bao_rui_ro\"><\/span><b>How EPM Turns Data into a Risk Alert System<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">For EPM to truly support risk management, businesses need to move from \u201clooking at reports\u201d to <\/span><b>Early Warning System<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPM achieves this by:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Data consolidation &amp; master data<\/b><span style=\"font-weight: 400;\">: create a single source of truth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Rolling forecasts &amp; continuous planning<\/b><span style=\"font-weight: 400;\">: reduce information gaps compared to the annual fixed budget.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Scenario &amp; sensitivity modeling<\/b><span style=\"font-weight: 400;\">: Stress test simulation for finance and operations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>KPI \/ KRI dashboards<\/b><span style=\"font-weight: 400;\">: warning when index exceeds threshold (eg: DSO &gt; 45 days, Inventory Days increase &gt; 20%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Drill-down &amp; root-cause analysis<\/b><span style=\"font-weight: 400;\">: from overall alerting, tracing down to individual invoices or POs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Workflows &amp; controls:<\/b><span style=\"font-weight: 400;\"> Automatically approve spending, set policy limits.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Lo_trinh_trien_khai_EPM_trong_quan_tri_rui_ro\"><\/span><span style=\"font-weight: 400;\">Roadmap for implementing EPM in risk management<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Assess Current State<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Audit and map existing systems: ERP, Excel, BI, other data sources.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identify data gaps and weaknesses in the risk management process.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analyze how data is currently collected, stored, and reported.<\/span><\/li>\n<\/ul>\n<p><b>Define Risk Taxonomy &amp; KRIs<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Establish a risk classification system: financial, operational, legal, strategic\u2026<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identify Key Risk Indicators (KRIs) corresponding to each type of risk.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensure KRIs can measure, track and provide early warning of risks.<\/span><\/li>\n<\/ul>\n<p><b>Integrate Data Sources<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Connect ERP, AR\/AP, data warehouse and other internal systems to build master data.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apply API or ETL integration to automate data collection and ensure consistency.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Standardize data to serve predictive models and risk reporting.<\/span><\/li>\n<\/ul>\n<p><b>Develop Models &amp; Dashboards<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Establish rolling forecasts and scenario models to assess risk impact.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Develop a dashboard that tracks KRIs, helping management see risks in real time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make sure the dashboard is intuitive, easy to understand, and capable of detailed drill-down.<\/span><\/li>\n<\/ul>\n<p><b>Pilot &amp; Validate<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Select 1-2 key processes (e.g., cash forecasting, consolidation reporting) to pilot.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assess accuracy, operability and suitability for risk management needs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Collect feedback from users to refine models and processes.<\/span><\/li>\n<\/ul>\n<p><b>Scale &amp; Embed Governance<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Expand enterprise-wide deployment based on pilot results.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Establish clear RACI, periodic review process and link to internal audit.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensure EPM becomes an integral part of risk management, not just a supporting tool.<\/span><\/li>\n<\/ul>\n<p><b>Continuous Improvement<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set up feedback loops to improve models, dashboards, and processes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Conduct periodic stress tests to check risk tolerance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Update KRIs, forecasting models and data systems according to actual needs and changing business environment.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Bo_KPIKRI_mau_cho_quan_tri_rui_ro_qua_EPM\"><\/span><strong>Sample KPI\/KRI Set for Risk Management through EPM<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The EPM system helps businesses set up, monitor and provide early warning of key risk indicators (KRIs) and performance indicators (KPIs), ensuring decisions are made based on continuously updated data.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Target group<\/b><\/td>\n<td><b>Monitoring objectives<\/b><\/td>\n<td><b>KPI \/ KRI Index<\/b><\/td>\n<td><b>Warning Threshold \/ Monitoring Frequency<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Liquidity<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Ensure the business has enough cash to operate and meet short-term financial obligations.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u2013 Cash runway (number of days that can operate with the current amount of cash) \u2013 Forecast error (% difference between forecast and reality)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">- Monitor <\/span><b>daily \/ weekly<\/b><span style=\"font-weight: 400;\"> \u2013 Warning if cash runway &lt; 30 days or forecast error &gt; 10%<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Receivables<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Control debt collection speed and overdue invoice rate.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u2013 DSO (Days Sales Outstanding) \u2013 % Overdue invoices<\/span><\/td>\n<td><span style=\"font-weight: 400;\">- Monitor <\/span><b>weekly \/ monthly<\/b><span style=\"font-weight: 400;\"> \u2013 Warning if DSO &gt; 45 days or % overdue &gt; 15%<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Profitability<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Monitor variances between actual and planned to identify performance risks early.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u2013 Variance % (Actual vs Plan)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">- Monitor <\/span><b>monthly<\/b><span style=\"font-weight: 400;\"> \u2013 Warning if deviation &gt; \u00b15% compared to plan<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Inventory<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Effectively manage inventory, reduce the risk of capital congestion and supply chain disruption.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u2013 Days Inventory Outstanding (DIO)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">- Monitor <\/span><b>weekly<\/b><span style=\"font-weight: 400;\"> \u2013 Warning if DIO exceeds industry average or increases for 3 consecutive periods<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Operations<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Monitor operational risks and errors in approval and processing procedures.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u2013 Exception count (number of erroneous transactions) \u2013 Failed approvals (number of failed approvals)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">- Monitor <\/span><b>real-time<\/b><span style=\"font-weight: 400;\"> \u2013 Warning when exception count increases suddenly or exceeds preset threshold<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Compliance<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Ensure compliance with internal policies and audit requirements.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u2013 % Invoices validated (percentage of validated invoices) \u2013 Audit exceptions (number of exceptions in audit)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">- Monitor <\/span><b>monthly<\/b><span style=\"font-weight: 400;\"> \u2013 Warn if valid invoice ratio &lt; 95% or there is a serious audit exception<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Best_Practices_Pitfalls_khi_trien_khai_EPM_trong_Quan_tri_Rui_ro\"><\/span><b>Best Practices &amp; Pitfalls when implementing EPM in Risk Management<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">For the EPM system to truly play its role in controlling and forecasting risks, businesses need to pay attention to parallel <\/span><b>Best Practices <\/b><span style=\"font-weight: 400;\">and <\/span><b>Pitfalls<\/b><span style=\"font-weight: 400;\"> in the process of implementation.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Best_Practices\"><\/span><b>Best Practices\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Start with a use-case that has a clear ROI<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deploy first in clear value-creating processes such as <\/span><i><span style=\"font-weight: 400;\">cash forecasting<\/span><\/i><span style=\"font-weight: 400;\"> or <\/span><i><span style=\"font-weight: 400;\">consolidated report<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helps demonstrate early effectiveness, increasing internal trust and support.<\/span><\/li>\n<\/ul>\n<p><b>Set up specific KRIs for each type of risk<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Build key risk indicators (KRI) for groups: finance, operations, compliance, strategy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensure each KRI has clear alert thresholds and monitoring frequencies.<\/span><\/li>\n<\/ul>\n<p><b>Establish clear governance and implement it step by step<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identify the mechanism <\/span><i><span style=\"font-weight: 400;\">ownership<\/span><\/i><span style=\"font-weight: 400;\"> \u2013 Who is responsible for updating, monitoring, and approving the data?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gradually integrate processes and systems, avoiding massive deployments that overload users.<\/span><\/li>\n<\/ul>\n<p><b>Linking EPM to real-world decision-making<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensure EPM data and dashboards are used in executive meetings, budget forecasting, and periodic risk assessments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">When the user actually <\/span><i><span style=\"font-weight: 400;\">data-driven decision making<\/span><\/i><span style=\"font-weight: 400;\">, the new system brings value.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Pitfalls_%E2%80%93_Nhung_sai_lam_thuong_gap\"><\/span><b>Pitfalls \u2013 Common Mistakes<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Unclean, inconsistent input data<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Discrepancies from ERP systems, Excel, or other data sources make EPM dashboards unreliable.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lack of standardization <\/span><i><span style=\"font-weight: 400;\">master data<\/span><\/i><span style=\"font-weight: 400;\"> or data version control is not available.<\/span><\/li>\n<\/ul>\n<p><b>Too broad deployment, lack of buy-in from departments<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Without specific metrics, departments can easily view EPM as an \u201cIT project\u201d instead of an operational tool.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Should choose a small scope to prove effectiveness, then gradually expand.<\/span><\/li>\n<\/ul>\n<p><b>Not fully testing stress scenarios before go-live<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Many projects skip this step. <\/span><i><span style=\"font-weight: 400;\">stress test<\/span><\/i><span style=\"font-weight: 400;\"> So the forecasting model does not react in time when fluctuations occur.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Need to simulate situations like <\/span><i><span style=\"font-weight: 400;\">Revenue decreased by 20%<\/span><\/i><span style=\"font-weight: 400;\">, <\/span><i><span style=\"font-weight: 400;\">cost increase 15%<\/span><\/i><span style=\"font-weight: 400;\"> to verify the system&#039;s responsiveness.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Checklist_truoc_khi_van_hanh_he_thong_EPM\"><\/span><b>Checklist before operating the EPM system<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<tbody>\n<tr>\n<td><b>Category<\/b><\/td>\n<td><b>Status to be ensured<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Master data<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Reviewed, standardized and approved before being loaded into the system<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Connection API<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Stable, with logs to periodically check data<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>User Training<\/b><\/td>\n<td><span style=\"font-weight: 400;\">All key users have been trained and have documentation.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Audit trail &amp; backup<\/b><\/td>\n<td><span style=\"font-weight: 400;\">There is a mechanism for tracking and periodic backup to ensure transparency and data recovery when an incident occurs.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Case_studies_proof_points\"><\/span><b>Case studies &amp; proof points<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The pioneering enterprises implementing EPM have clearly demonstrated the value of this system in <\/span><b>Improve financial performance, reduce risk and speed up decision making<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Case_1_Panasonic_%E2%80%93_Tang_toc_do_du_bao_tai_chinh_nho_EPM\"><\/span><b>Case 1: Panasonic \u2013 Speed up financial forecasting with EPM<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Challenge: <\/b><span style=\"font-weight: 400;\">Before adopting EPM, Panasonic&#039;s data aggregation and financial forecasting process took days and relied on Excel files from multiple departments, delaying decision making.<\/span><\/p>\n<p><b>Solution: <\/b><span style=\"font-weight: 400;\">Panasonic deploys system <\/span><b>EPM integrates data from ERP and BI<\/b><span style=\"font-weight: 400;\">, and apply models <\/span><b>rolling forecast<\/b><span style=\"font-weight: 400;\"> and <\/span><b>scenario modeling<\/b><span style=\"font-weight: 400;\"> for different business units.<\/span><\/p>\n<p><b>Result:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Forecasting time reduced by more than <\/span><b>10 days down to 5.5 days<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Forecast accuracy is significantly increased thanks to automatically standardized and consolidated data.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CFOs and FP&amp;A can update \u201cwhat-if\u201d scenarios in real time.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Case_2_Monex_Group_Sigmaxyz_LIXIL_%E2%80%93_Gia_tang_tinh_linh_hoat_trong_FP_A\"><\/span><b>Case 2: Monex Group, Sigmaxyz &amp; LIXIL \u2013 Increasing Flexibility in FP&amp;A<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Challenge: <\/b><span style=\"font-weight: 400;\">Financial and manufacturing corporations like Monex, Sigmaxyz, LIXIL face huge volumes of data, manual FP&amp;A processes, and slow response to market changes.<\/span><\/p>\n<p><b>Solution: <\/b><span style=\"font-weight: 400;\">Deployment <\/span><b>Multidimensional EPM<\/b><span style=\"font-weight: 400;\">, allowing direct integration of accounting, operations and sales data. The system supports <\/span><b>automatic report consolidation<\/b><span style=\"font-weight: 400;\">, simulate multiple profit and cost scenarios.<\/span><\/p>\n<p><b>Result:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reduce 40-60% of planning time and report consolidation.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Significantly reduces manual errors<\/b><span style=\"font-weight: 400;\"> by using a unified data source.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Enhanced responsiveness<\/b><span style=\"font-weight: 400;\">, helping CFOs make real-time, data-driven decisions.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span>Conclude<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To effectively manage financial risks, businesses cannot rely solely on manual spreadsheets or disjointed reports. <\/span><b>Centralized, accurate, and real-time data source<\/b><span style=\"font-weight: 400;\">, together <\/span><b>clear key risk indicators (KRIs) system<\/b><span style=\"font-weight: 400;\"> help detect unusual fluctuations early.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One <\/span><b>Scenario Planning<\/b><span style=\"font-weight: 400;\"> flexibility and mechanism <\/span><b>transparent governance<\/b><span style=\"font-weight: 400;\"> is the foundation for businesses to make timely decisions, minimizing negative impacts when risks occur. And <\/span><b>EPM (Enterprise Performance Management)<\/b><span style=\"font-weight: 400;\"> is the piece that makes this whole process possible \u2013 from data, to analysis, to action.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the context of Vietnamese enterprises increasingly moving towards international management standards, investing in EPM is not only a trend, but also a necessity. <\/span><b>Strategic moves to strengthen resilience and accelerate sustainable growth<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>In a constantly changing business environment, risks can come from all directions: markets, supply chains, financial fluctuations\u2026<\/p>","protected":false},"author":37,"featured_media":999979168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[54],"tags":[],"class_list":["post-999979166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-so-tay-ke-toan"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979166","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=999979166"}],"version-history":[{"count":4,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979166\/revisions"}],"predecessor-version":[{"id":999980453,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999979166\/revisions\/999980453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999979168"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999979166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999979166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999979166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}