Getting the Most Out of Your Enterprise Performance Management

EPM applications and technologies help companies analyze changing trends in market share, changes in customer behavior and spending patterns, customer preferences, company capabilities, market conditions and much more. Versa Shore provides expert services to help you thoroughly understand EPM technologies to better manage your business.

EPM systems help companies develop consistent and “data-based” applications that promote better business decisions and produce better business results. In addition, these BI apps can enhance communication among departments, coordinate activities, and enable companies to respond more quickly to changes (e.g., in financial conditions, customer preferences, supply chain operations, etc.).

When an EPM system is well-designed and properly integrated into a company’s processes and decision making analysis, it will enhance financial and operational performance. Having access to timely and accurate information is an invaluable resource and can expedite decision-making and improve a company’s competitiveness.

Essbase

Most companies perform analysis by copying and pasting data from financial, operational, and other sources into Microsoft Excel – over and over again. This process is neither efficient nor is it easily repeatable.

By integrating all financial, operational and other data from its source into one repository, such as Hyperion Essbase, information becomes available on demand. Calculations like price volume variance, period over period comparisons, product mix analysis, price elasticity, activity-based costing, utilization rates, and many others can now be standardized and refreshed centrally, freeing up analysts to analyze rather than gather data.

Planning

Versa Shore’s consultants have deep experience in finance, planning and analysis, forecasting and consolidation with Essbase. Not only are we experts in implementing software, we also understand businesses drivers and how we can use our experience to recommend alternatives and suggestions to improve the value of your Enterprise Performance Management solutions.

Our experience and solutions can help – whether you are trying to be more efficient and reduce manual procedures, improve the quality of information, improve controls, organize information from different sources, perform allocations, define calculations and modeling, or improve accountability and information flow throughout the organization. Once we have collected, modeled and processed data, we provide user interfaces to deliver information via web interfaces, scheduled reporting, or Microsoft Office tools including Excel, PowerPoint and Word.

Hyperion Financial Management

Oracle Hyperion Financial Management (HFM) is a comprehensive, Web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution. Oracle Hyperion Financial Management utilizes today’s most advanced technology, yet is built to be owned and maintained by the enterprise’s finance team.

Why Versa Shore?

With decades of experience delivering analytic applications that extend visibility into the enterprise and beyond, Versa Shore ensures you articulate and seamlessly implement an end-to-end EPM strategy for your business. Leveraging a combination of EPM solutions as well as financial templates, driver-based planning models, BI scorecards, and acceleration tools, we help you drive value from a financial, customer and shareholder value perspective.

• Financial Planning, Budgeting, Consolidation, and Reporting – Through the use of enabling technologies, Versa Shore implements business solutions to help you accelerate closing cycles, improve compliance, enhance analysis, and empower leaders to make strategic decisions.
• Performance Measurement and Management Dashboards – These solutions help you clearly define your strategy and goals, communicate them throughout the organization, monitor key performance indicators, and increase business alignment.
• Cross-Business Execution and Integration through BI – Drive operational excellence by providing real-time access to information from BI apps that is focused on corporate strategy. Increase your organization’s visibility at every level and empower each and every person to shift the paradigm from looking for information, to finding answers and executing.

Versa Shore serves as your one point of contact for all EPM needs, helping you manage the implementation/migration process from start to finish.

Versa Shore’s EPM Implementation Service Includes:

• Information delivery strategy articulation
• Project governance and management
• Infrastructure assessment and establishment
• Third party tool recommendations and Integration
• EPM business solution requirements definition, design and development
• Establishment of technical and functional support channels to ensure longevity and adaptability of the solution