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Enterprise Performance Management

Financials and Supply Chain

Reporting

EPM Consolidations & Intercompany Eliminations

Dynamic Enterprise Performance Management (Infor EPM) is a cloud-based application that is wholly integrated with CloudSuite Financials.   It provides a platform to manage the unified operations of planning, budgeting, forecasting, intercompany eliminations and consolidations.  EPM offers real-time access to your consolidations processing activities and provides financial reports out of the box.

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Dynamic Enterprise Performance Management (Infor EPM)

There are numerous benefits The Government of Barbados would realize from using EPM to manage its Consolidations processes.

Finance Owned Application

  • A minimal amount of IT support is required
  • Simplify the tasks associated with consolidation by using delivered processes, notifications, and workflow capabilities
  • Collect, consolidate, and report accurate data from GOB & SOEs
  • Standardized accounts from CloudSuite require no mapping tables
  • Use Infor Operating Services (ION) to import balances from different data sources or Excel feeds that originate outside of CloudSuite 
  • SOEs can develop and maintain mapping tables for their data sources to manage monthly data uploads and conversion with no rework
    • Once the data is submitted it cannot be changed by the SOEs
    • Secure access by entity and/or entity groups
  • Consolidation Status Dashboards are available to monitor Group and Entity Processes

Customize Your Configuration

  • Develop hierarchical relationships and roll-ups
  • Manage complex ownership structures and inter-company transactions
    • Create rules for intercompany processing and eliminations
    • Drill down to review out of balance transactions
  • Multi-level consolidations allow you to view operations uniquely or group by sub-group
    • General Government Sector
    • Public Financial Corporations
    • Public Non-Financial Corporations
    • Education
    • Health
    • Tourism
    • etc.
  • Produce consolidations for the entire Government.

Consolidation Features

  • Analyze, review, and adjust imported data by entity or by group
  • Record adjustments and manage version control
  • Account Reconciliation (Intercompany)
  • Intercompany Reconciliation Status
  • Provides full audit trail of changes

Delivered Reporting

  • Real time data access – any changes are available for immediate review
    • Accommodates version control to conduct analysis and review changes prior to completion
  • Deliver financial results to the Parliament or funding agencies such as, IADB, World Bank, etc
  • The following reports are some examples of out of the box reporting provided with EPM:
    • Entity or Group Assets
    • Entity or Group Liabilities
    • Entity or Group Income Statement
    • Entity or Group Schedules
    • Entity or Group Cash Flow Final Statement
  • Deliver reports based on multi-level consolidation structures
  • Ability to produce different reporting results to meet reporting standards such as, IPSAS, GAAP, etc.
  • Develop configurable home pages to provide KPIs at a glance

EPM Budget & Planning 

Infor Enterprise Performance Management (EPM) Budget and Planning allows you to create a financial plan that outlines the expected revenues and expenses for a specific period (e.g., month, year, etc.).  You can create plan hierarchies, compare plans to forecasts and quickly adjust plans.

Budgeting & Planning is used to model the impact of different financial plans on the balance sheet and profit and loss accounts before submitting plans for approval.  It is used in specialized business areas such as financial planning, capital planning, cash flow, and forecasting. These are integrated into Budgeting & Planning as sub plans and features that enable planning at a more detailed level than in the core financial model.  For instance:

  • You can create a fiscal or rolling forecast. A fiscal forecast is based on a twelve-month fiscal year period. A rolling forecast crosses over the fiscal year end as part of the forecasting process.
  • Capital Planning information can be created as part of the overall capital investment and planning process or to specifically address capital components within a decision package.  Capital Planning includes depreciation calculations that are recorded on the income statement and balance sheet as appropriate to match the recognized depreciation expense over the life of the asset.
  • Cash flow is the difference in the amount of cash available at the beginning of a period (opening balance) and the amount at the end of the period (closing balance) attributable to movements in operations, investments, and financing cash flows.  A cash flow workbook is provided for budget and forecast data.
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