EPM 2.0
Next Generation EPM Platform
I sat in on a web demo the other day, because I couldn’t help wonder what “the next generation EPM Platform” really looked like. The title of the invite intrigued me enough to sign up to see what is new or, just around the corner. How different can it be? Well, it depends where you are within the organization!
When I worked for Hyperion in the late 90’s the platform consisted of budgeting/planning, consolidation, BI, scorecard, activity based management and of course reporting and dashboards….and none of the products talked to each other. Then post 2000 the new web architected products and platform came along with a few more products. And guess what, the products still didn’t talk to each other.
Fast forward to today. We’re almost four years after Oracle purchased Hyperion. The suite of EPM products has doubled in size and the integration between the products has improved with the latest FUSION release of the Hyperion product suite. Not 100% there but way ahead of where Hyperion was prior to the acquisition.
So, back to the demo. The user experience looks enhanced from every angle. Nice. Flip here, pivot there; speed of thought. Furthermore, this flexibility goes beyond the end user to the people administering the applications. And with the new platform being 64 bit instead of 32…performance testing will no longer be the deciding driver behind the average purchase decision.
So, is this really EPM 2.0? Not really. The bells and whistles that are added with the latest release make these products light years ahead of where they started. The fact you can highlight a cell, right mouse click and drill through or add comments is super cool. But what if you’re part of the executive team and your company just implemented the new platform? Well, you’d probably be doing things the same way you are today. Except the person you call to get the answer would have an easier time navigating the new functionality to come up with the answers in the 11th hour before that important
board meeting.
Until EPM software can easily align and distribute the strategy of a company, you’ll never get the entire organization on board. And until you make the reporting tool(s) purposeful for the executive team to use, they’ll never use the tools or all their great features and functionality. And until that happens it’s still EPM 1.0 to me.
