Epicor Financial Planner - Podcast
Audio Article | 3 Benefits Manufacturers Can Expect from Using Modern FP&A Software to Maximize Profitability
February 4, 2022
To be successful in the manufacturing industry, accuracy and efficiency are essential. Several components, including infrastructure, supply chains, distribution channels, and others, must be optimized for profitability. Software capable of managing finances and operational data is necessary for manufacturers to make data-backed decisions in the budget and planning process. Unlike other production areas, financial planning has remained reliant on Excel despite rapid growth and change in other areas. However, the enormous advantages when using a more advanced financial planning software remain unknown to many manufacturers. Deloitte estimates that firms that take steps to increase performance predictability can experience a 35 percent increase in production capacity. Financial processes must be reduced and standardized to ensure that performance can be reliably forecasted. The following FP&A software benefits can improve planning, control financial outcomes, and maximize profit for those in manufacturing companies.

EFP offers an in-depth and sophisticated solution for reporting & analysis, consolidation, budgeting, and dashboarding to complement your use of ERP system.

EFP strikes a unique balance between offering heavy weight FP&A features and ease of use.

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