What is the difference between EPM and ERP?


These are two enterprise management systems used by organizations, to leverage in terms of planning, reporting, and analytics.


EPM and ERP are enterprises management systems but, you must be thinking, why two software? It is because EPM and ERP have different purposes to serve. EPM and ERP overlap each other so let's understand how they are different.


ERP (Enterprise Resource Planning), optimized for the back-office transaction, processing, and operational process support. Generally, An ERP system manages manufacturing, finance, services, supply chain.


When an organization is growing and expanding, it faces new challenges.

So to deal with new complexities, an upgrade is required for an organization. For this, EPM (Enterprise Performance System) came into the picture.


An EPM system uses tools to monitor, analyze and control the performance of the business, especially in terms of evaluating and allocating resources. EPM, used by CFO (Chief Financial Officer) and finance department for creating initial targets or, budgets to facilitate planning.


EPM implementations take less time compared to ERP implementation. Adapting to an ERP can take your organization anywhere between three or more months. So, in layman's language, you can say that EPM is an upgraded version of EPM.


Source: What is the difference between EPM and ERP?



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