The budget is assembled from dozens of Excel files, versions diverge, and group consolidation takes weeks. Infor EPM brings planning, forecasting, consolidation and reporting into one system, while the familiar Excel stays your working tool.
In brief
- Infor EPM is a system for budgeting, forecasting, financial consolidation and reporting. The product was previously called Infor d/EPM.
- Finance teams keep working in Excel, but with a shared data model and single versions.
- Ready-made applications: budget and forecast, workforce planning, capital expenses, consolidation, financial reporting.
- It integrates with Infor SunSystems, LN and M3 and takes data from other accounting systems.
- RBC Group supplies Infor EPM licences, implements and supports the system.
Sound familiar?
- The budget lives in files sent by email, and nobody is sure which version is the latest.
- The exchange rate or a price changes, and recalculating the budget takes several days.
- Group consolidation is assembled by hand, and intercompany transactions are reconciled in spreadsheets.
- The CFO gets the report when the decision has already been made.
What is Infor EPM
Infor EPM (Enterprise Performance Management) combines planning and financial reporting in one system. According to Infor, the product has been developed for more than 30 years, is used by more than 4,500 companies in over 80 countries, and its interface is available in more than 20 languages.
The system is often compared with Excel: it is just as flexible to configure and is designed for finance people, not programmers. The difference is that data is stored in a shared multidimensional model, so all departments have the same figures, the same calculation rules and one history of changes.
What it covers
Budgeting and forecasting
Annual budget, rolling forecast, operational and strategic plans. What-if scenarios are calculated in the same model, without copying files.
Workforce planning
Payroll budget by position or by employee: salaries, supplemental pay, benefits, step and grade tables with automatic progression. The result flows into the financial plan.
Capital expenses
Investment projects with a documentation package, statuses and approvals. The effect of a project on the budget and cash flow is visible at once.
Financial consolidation
Complex ownership structures, several currencies, intercompany transactions. Consolidation and planning work on the same data.
Financial reporting
Balance sheet, profit and loss, cash flow statement and your own forms. Reports are available in the browser, in Excel and Word, and on mobile devices. Users can build the view they need themselves, without asking IT.
Excel stays
The main objection of finance teams to any planning system is: we are used to Excel. Infor EPM does not take it away. Reports and input forms open directly in Excel, ordinary formulas work, and the data comes from the shared model and goes back into it. Free-form analysis is available both in Excel and in the browser.
Who it is for
- Groups of companies that need consolidation across several legal entities, countries and currencies.
- Companies that already run Infor SunSystems, Infor LN or Infor M3: accounting data reaches the plan without manual exports.
- Manufacturing companies: sales and operations planning, supply and demand, capital projects.
- Hotels: planning revenue by rooms, restaurants and services, occupancy and workforce costs.
- Companies that have outgrown a budget in Excel and want a shorter planning cycle.
Infor EPM or IBM Planning Analytics
RBC Group works with both systems, as well as with SAP BPC and Oracle Hyperion Planning. If you already run Infor products, Infor EPM is the logical choice to look at. If your landscape is mixed and the models are very large, IBM Planning Analytics may be stronger. We compare the options on your data and show both in a demonstration. More about our approach: budgeting system automation.
What RBC Group does
- Supplies Infor EPM licences.
- Reviews your current budgeting process and designs the model.
- Configures forms, calculations, approvals and reports.
- Connects accounting systems and migrates existing models from Excel.
- Trains users and supports the system after go-live.
RBC Group has completed projects on Infor EPM and experience with Infor financial systems. Official product description: Infor EPM on the Infor website.
Frequently asked questions
Are Infor EPM and Infor d/EPM the same thing?
Yes. Infor d/EPM (Dynamic Enterprise Performance Management) is now called Infor EPM. It is the same product and the same line of development.
Do we have to give up Excel?
No. Users keep working in Excel, but data, formulas and versions are stored in a shared model, not in files on personal computers.
Can Infor EPM be used without other Infor systems?
Yes. The system takes data from any accounting system. If you already run Infor SunSystems, LN or M3, integration is simpler.
How does Infor EPM differ from IBM Planning Analytics?
Both systems handle budgeting and consolidation. We work with both and choose the platform to fit your systems, data volume and reporting requirements.
What does RBC Group do?
We supply licences, implement, migrate existing budget models, train users and support the system.
We will show Infor EPM on your budget
Send us your current budget or report form. In the demonstration we will show how it works in Infor EPM and estimate the scope of the project.
Request a demonstrationmarketing@rbc-grp.solutions, +7 727 258 1712