VantagePoint Business Solutions: Optimizing Planning, Budgeting, and Forecasting with Integrated EPM
Greg Wright, CEOGlobalization has led to a paradigm shift in today’s business landscape. Consequently, it has enforced companies to align performance with their strategic vision by combining processes like budgeting, forecasting, and consolidating financial data. In the absence of an integrated solution, firms often implement time consuming legacy solutions that rarely address the insight management needs to proactively run the business. In such a scenario, an integrated Enterprise Performance Management (EPM) platform provides the capability to make informed decisions that enable enterprises to proactively achieve their strategic vision. This is where Atlanta-based VantagePoint Business Solutions comes in. “Implementing an EPM solution is the first step in aligning daily operations with the corporate vision,” begins Greg Wright Founder, CEO of VantagePoint Business Solutions.
“VantagePoint was founded with a sole purpose to bring together EPM professionals, with a passion for business process and technology, to deliver world-class services to customers,” states Wright. The company provides a full suite of EPM services which includes implementation services, management consulting, and financial consolidation that enable enterprises to effectively manage and enhance their strategic planning, budgeting, and forecasting system, adapting to the changing business needs.
Being an SAP partner, the company utilizes the SAP-BPC and SAP Cloud for Analytics EPM applications, which supports full leadership processes that focus on strategies from both the business and technical standpoints, to extract and report data and facilitate decision making. Also, the company’s VantagePoint Implementation Methodology allows clients to minimize risk and lower total cost of ownership. This enables customers to effectively manage and enhance their system post implementation.
“VantagePoint provides creative and innovative solutions that leverage personnel, information, and technology to solve operational and strategic business opportunities,” extols Wright. Additionally, the company implements SAP-EPM, a transposable suite of integrated solutions, to support an extensive range of strategic, budgeting, and forecasting processes.
Implementing an EPM solution is the first step in aligning daily operations with the corporate vision
It enables management to align the goals and objectives of business processes in achieving compliance and transparency, and meeting increasing business needs and innovation at minimal cost. VantagePoint’s extensive experience working in the EPM space has allowed them to develop a proven methodology in assessing the varied needs of organizations and implementing solutions with reduced risk and higher value.
An example illustrating the company’s deep rooted expertise in EPM comes in the form of VantagePoint’s work with one of the leading oil and gas company, Energy Transfer Partners. The client had rapidly grown in size through acquisitions and with that, they were facing challenges in their day to day operational planning and decision making. VantagePoint worked with the company’s Financial Planning and Analysis (FP&A) organization to define a modern business process and implemented SAP Business Planning and Consolidations (BPC) to enable the company to manage their operational planning, financial consolidation and tax reporting, as well as leverage the BPC platform for operational business modeling, thus helping them make decisions on a day to day basis.
To stay at the forefront of EPM, VantagePoint is developing functional starter kits leveraging BPC as well as cloud analytics. This blend of technologies and functional best practices benefits all the related business processes. The company is testing and actively working on the newer SAP products to bring real life business experience into cloud-based technical solutions. VantagePoint is looking forward to investing in the people who have worked in areas such as In-Memory, Big-Data computing, Predictive Algorithms or Cloud Deployments. “We help our customers to attain their business objectives with highly trained people who are focused on implementing efficient processes,” concludes Wright.