Enterprise performance management: Everything you need to know to fuel business growth

Enterprise performance management (EPM) is a strategic framework that enhances organizational efficiency by integrating data across departments, aligning objectives, and providing actionable insights, ultimately ensuring cohesive movement toward shared goals. Originating in the 1970s, EPM has evolved from manual data processes to sophisticated, cloud-based software solutions that leverage artificial intelligence and machine learning to optimize business operations. The development of spreadsheet programs like VisiCalc and Lotus 1-2-3 revolutionized data entry and financial reporting, while the rise of email and web-based platforms in the 1990s and 2000s facilitated faster and more collaborative information sharing. Modern EPM systems offer comprehensive analytics and reporting tools that provide instant visibility into financial and operational metrics, enabling organizations to proactively adapt to market changes, reduce human error, and enhance decision-making processes. These systems have become essential for businesses aiming to optimize operations and scale effectively in a data-driven world.