Business Objects has launched a range of new business intelligence (BI) and eenterprise performance management (EPM) solutions which it claims will herald a new era of convergence between enterprise performance management, business intelligence, and governance, risk and compliance solutions
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The SAP subsidiary believes that its new EPM solutions will provide customers with improved control and agility, enabling them to enhance performance across both finance and operations. It says that firms will be able to have an expanded ability to leverage enterprise data and achieve a lower total cost of ownership with increased scalability
As well as the new functionality added to the EPM portfolio, there is tighter integration with the Business Objects business intelligence platform and SAP NetWeaver technology platform. The new EPM products also integrate with SAP solutions for governance, risk and compliance. This is claimed to result in the industry’s first EPM solution that enables customers to link strategy management with risk management.
A new analytics product is designed to extend EPM into business operations and delivers actionable visibility into purchasing detail. The aim is to allow business users to formulate better procurement strategies and controlled-purchasing patterns. The new solution automatically aggregates, cleanses and analyses procurement data from across enterprise systems as well as information from third-party vendors.