While conducting research for the upcoming report on Enterprise Performance Management (EPM) software, PayStream Advisors has had the opportunity to speak with emerging and innovative solution providers such as Tidemark to gain key insight into the rising EPM trends in 2014.

The foremost trend this year will be the shift to multi-tenant cloud platforms.  These solutions are already leading the CRM, HCM, and Financials sectors and a growing percentage of organizations are considering a cloud first approach.  This can largely be ascribed to faster and cheaper implementation costs, a highly alluring factor among today’s budget conscience financiers/controllers.

During the past year, new EPM technology has evolved to provide tools beyond the traditional budgeting and forecasting model.  Increasingly, there is a demand for user interfaces that are easy to understand and readily adaptable for multiple uses and scenarios.  Companies are seeking new ways to increase growth, understand alternative strategies, and make split-second decisions that allow them to respond to a dynamic market. Traditionally, EPM solutions have streamlined a data-driven decision process for analysts who are industry experts. As companies strive to remain competitive, they’re expecting solutions that reach beyond the FP&A manager or CFO; EPM vendors must develop platforms that are easily read throughout an enterprise so that all parties can take advantage of data-driven decision-making.

To learn more about PayStream’s 2014 report on Budgeting and Forecasting solutions click here.

If you are an EPM provider interested in being included in our upcoming report, please contact