Top 11 New Jobs EPM Architect Hybrid – Boston or Atlanta Quick Overview

EPM Architect

EPM (Enterprise Performance Management) Architect, also known as EPM Solution Architect or EPM System Architect, is a professional who specializes in designing and implementing Enterprise Performance Management solutions for organizations. EPM is a set of integrated management processes and systems that help organizations plan, monitor, and manage their business performance effectively. EPM solutions encompass various domains, including financial planning and analysis, budgeting, forecasting, consolidation, reporting, and performance analytics.

Key responsibilities and tasks associated with an EPM Architect include:

1. Solution Design: Collaborating with business stakeholders, finance teams, and IT departments to understand the organization’s financial and performance management needs and designing EPM solutions that align with those requirements.
2. EPM Software Selection: Evaluating and selecting EPM software platforms and tools that best fit the organization’s needs, budget, and technical environment. This may involve assessing products from vendors like Oracle Hyperion, SAP BPC (Business Planning and Consolidation), IBM Cognos TM1, or cloud-based EPM solutions.
3. Data Modeling: Designing data models and hierarchies to structure and organize financial and operational data for use in EPM processes. This includes defining dimensions, members, and relationships.
4. Financial Planning and Forecasting: Implementing financial planning, budgeting, and forecasting solutions to help organizations create and manage budgets, forecast financial outcomes, and perform scenario analysis.
5. Consolidation and Financial Close: Designing solutions for financial consolidation and close processes, ensuring accurate and timely financial reporting in compliance with accounting standards.
6. Data Integration: Integrating EPM solutions with other enterprise systems, such as ERP (Enterprise Resource Planning) systems, data warehouses, and data lakes, to ensure data consistency and accuracy.
7. Performance Analytics: Building dashboards, scorecards, and performance analytics solutions to monitor key performance indicators (KPIs) and provide actionable insights for decision-makers.
8. Security and Access Control: Implementing security measures and access controls to protect sensitive financial data and ensure that only authorized users have access to EPM systems.
9. Automation and Workflow: Designing workflow processes and automation to streamline EPM processes, reduce manual intervention, and improve efficiency.
10. User Training and Support: Providing training and support to end-users and administrators of EPM systems to ensure they can effectively use and maintain the solutions.
11. Governance and Compliance: Ensuring that EPM solutions adhere to financial regulations, compliance requirements, and internal governance policies.
12. Documentation: Creating documentation, including design specifications, configuration guides, and user manuals, to assist with solution deployment and ongoing maintenance.
13. Performance Optimization: Monitoring and optimizing the performance of EPM systems to ensure responsiveness and reliability, especially during peak usage periods.

EPM Architects play a crucial role in helping organizations improve their financial and operational performance by providing them with the tools and processes needed to plan, analyze, and manage their business effectively. They bridge the gap between business requirements and technical solutions, ultimately enabling better decision-making and strategic planning within the organization.

EPM (Enterprise Performance Management) Architects offer several advantages to organizations by designing and implementing effective EPM solutions. These advantages are essential for improving financial planning, analysis, and overall performance management within an organization. Here are some key advantages of having an EPM Architect:

1. Improved Financial Decision-Making: EPM Architects design solutions that provide accurate and timely financial data, allowing organizations to make more informed decisions about budgeting, forecasting, and resource allocation.
2. Efficient Budgeting and Forecasting: EPM solutions streamline budgeting and forecasting processes, reducing manual effort and errors. This efficiency leads to faster budget cycles and better forecasting accuracy.
3. Enhanced Performance Monitoring: EPM Architects create performance dashboards and analytics tools that enable organizations to monitor key performance indicators (KPIs) and track progress toward strategic goals in real-time.
4. Cost Reduction: By automating financial processes and improving data accuracy, EPM solutions can lead to cost savings by reducing the need for manual data entry and reconciliation.
5. Consolidated Financial Reporting: EPM systems designed by architects ensure that financial data is consolidated accurately, adhering to accounting standards and compliance requirements. This leads to more reliable financial reporting.
6. Scenario Analysis: EPM Architects EPM solutions allow organizations to perform “what-if” scenario analysis, helping them evaluate the impact of various strategies and decisions on financial outcomes.
7. Data Integration: EPM Architects integrate EPM systems with other enterprise data sources, ensuring data consistency and reducing data silos. This integration provides a holistic view of financial and operational performance.
8. Enhanced Data Security: EPM Architects implement security measures to protect sensitive financial data and ensure that only authorized personnel can access and modify it.
9. User Empowerment: EPM solutions designed by architects empower end-users with self-service capabilities, allowing them to create reports, conduct analyses, and make data-driven decisions without IT intervention.
10. Compliance and Governance: EPM systems are designed to adhere to financial regulations and internal governance policies, reducing the risk of non-compliance and associated penalties.
11. Optimized Resource Allocation: EPM solutions help organizations allocate resources more effectively by aligning budgets and expenditures with strategic priorities and objectives.
12. Business Agility: With EPM solutions in place, organizations can adapt quickly to changing market conditions and make agile adjustments to their financial plans and strategies.
13. Improved Stakeholder Communication: EPM solutions enable organizations to communicate financial results and performance metrics effectively to internal and external stakeholders, such as investors, shareholders, and regulatory bodies.
14. Scalability: EPM Architects design solutions that can scale as an organization grows, accommodating increased data volumes and complexity.
15. Documentation and Knowledge Transfer: EPM Architects create documentation and provide training to ensure that organizations can effectively use and maintain their EPM systems over time.

In summary, EPM Architects play a vital role in helping organizations enhance their financial performance, streamline processes, and make data-driven decisions. The advantages EPM Architects bring include improved efficiency, accuracy, compliance, and agility, ultimately contributing to the achievement of business objectives and financial success.