Finance & Controlling
The language of performance.
EPM speaks Finance before it speaks Software. The essential glossary to navigate the field.
- Consolidation
- Aggregation of accounts for group entities, after eliminating intra-group transactions.
- Multidimensional Cube
- EPM data structure organized by dimensions (account, entity, period, scenario, version).
- FP&A
- Financial Planning & Analysis — budgeting, forecasting, and performance analysis.
- Allocations
- Distribution of costs/revenues based on drivers — the foundation of profitability analysis.
- Close
- Monthly, quarterly, or annual accounting close process — fast close = closing in under 5 days.
- Intercompany Eliminations
- Removal of transactions between subsidiaries within the same consolidation scope.
- Driver-based planning
- Planning based on operational drivers (volumes, prices, ratios) rather than just GL accounts.
- Rolling forecast
- A continuously updated forecast — an alternative to the fixed annual budget.