How EPM Software Helps Increase Efficiency in Data Management & Reporting in 2026

In today’s data-driven business environment, the finance team plays a critical role in transforming raw data into actionable insights that inform strategic decision-making. However, the prevalence of disconnected data sources, often referred to as data silos, creates significant bottlenecks that hinder your team’s ability to operate efficiently and generate reliable financial information. In this article, we’ll discuss and illustrate how enterprise performance management (EPM) tools like JustPerform can bolster your efficiency and provide a competitive advantage.

Key Takeaways:

• Disparate data sources make it incredibly difficult for modern finance teams to build a comprehensive view of organizational performance, which can lead to incomplete, inconsistent, or outdated visibility.
• The result of poor EPM is duplication of efforts, manual reconciliation, time delays, inaccurate data, missed trends, disclosure risks, declining productivity, and much more.
• Modern EPM tools and practices create a “single source of truth” that automatically consolidates data across systems to reduce discrepancies and misalignment that might hamper forecasts and budgeting.
• Using modern EPM software improves efficiency by reducing manual work, increasing the amount of time for analysis and insight, and getting all stakeholders on the same page from Day 1.
• JustPerform is a cutting-edge platform for EPM that centralizes your planning, close, consolidation, and reporting to provide real-time access to data and reduce context switching for better efficiency and effectiveness.

The High Cost of Data Silos

Fragmented data across the many disparate systems that modern businesses rely on makes it challenging to gain a holistic view of your organization’s financial performance. This disjointed visibility leads to reporting inconsistencies that hinder your team’s ability to track trends, analyze variances, and identify areas for improvement.

The numerous data sources and systems also make reconciliation at closing periods a laborious task, potentially leading to missed deadlines and delayed financial reporting. On top of this, organizations that base their budgets and forecasts on inaccurate or incongruent data from fragmented silos can significantly damage and hamper your decision-making in a time when teams need to be more agile than ever.

Leads to Disclosure Management Issues

These inconsistencies also cause problems with disclosure management, which can have legal repercussions. Ensuring the accuracy and consistency of information across financial reports and disclosures becomes difficult when different sources and systems contradict one another. This can lead to delays in filing disclosures and increase the risk of errors that could result in regulatory penalties or damage to your company’s reputation (either from customers or stakeholders).

Manual Human Errors Erode Trust in Reports

The need to manually transfer data between disparate systems further introduces a significant risk of human error. Because these errors often come from sources or other upstream systems, they can very quickly propagate through your reports, financial statements, and disclosures. The result is time-consuming corrections and potential delays to critical financial processes. This reliance on manual data movement also reduces overall efficiency and increases operational costs for your finance team, especially as your competitors lean into automation and AI.

The Limitations of Manual Processes

Even beyond the foundational challenge of disconnected data, many finance teams are still shackled by manual activities and processing. This creates a significant bottleneck that hinders your ability to efficiently deliver timely and accurate financial information, including time-sensitive disclosures required by regulators.

Manual Performance Management Drags Productivity Down

Companies that are still relying on manual processes are paying their finance professionals to spend precious hours meticulously transferring data between spreadsheets and legacy systems. This time-consuming and tedious task not only consumes valuable hours, but also reduces overall productivity and team agility.

The finance team’s true value lies in providing strategic insights and analysis — not in monotonous data manipulation. Instead of cutting-edge market awareness and tactics based on real-time data, your finance team’s tools restrict them to clunky, outdated forecasts that are no longer relevant to current market conditions. Basing critical decisions on inaccurate projections will lead to missed opportunities and wasted resources, let alone the long-term effects of falling behind others in your industry.

How EPM Software Solves Data Challenges to Enhance Efficiency (& Decision-Making)

While data silos and manual processes create significant bottlenecks, a powerful solution exists — enterprise performance management software. EPM can be a game-changer for your finance team by streamlining data management and modernizing reporting processes for more insightful analysis. This enables you to deliver the insights needed for successful strategic decision-making.

Reason #1: EPM Software Bridges Gaps

EPM software eliminates data silos by establishing a centralized platform for all financial data. This not only improves data accessibility but also fosters consistency so all of your stakeholders are working from the same source of (up-to-date) truth. Additionally, automation significantly reduces manual work and the risk of errors associated with data movement and processing done by hand. This frees up valuable time for your team to focus on higher-level analysis, strategic planning activities, and ensuring the accuracy and completeness of disclosures.

Reason #2: EPM Software Provides Up-to-Date Information

EPM software empowers finance teams with real-time actuals that flow seamlessly into forecasting models and disclosure documents. This eliminates the delays and inaccuracies associated with manual integration, resulting in more accurate and up-to-date predictions and disclosures. With real-time data at their fingertips, your finance team can identify trends and respond quickly to market changes, ensuring forecasts and disclosures remain relevant, accurate, and ahead of competitors.

Reason #3: EPM Software Modernizes Consolidation

EPM software streamlines reporting processes by consolidating data from various sources into comprehensive and unified reports. Real-time dashboards provide immediate insights into your organization’s financial health, allowing your stakeholders to make informed decisions based on the latest information. Furthermore, EPM tools like JustPerform foster collaboration and communication through shared data, enabling a more cohesive approach to financial management and disclosure preparation.

Streamline, Analyze, Control: Achieve Financial Excellence with JustPerform’s EPM Capabilities

Modern finance teams face a critical challenge — ensuring smooth data movement, processing, and integration of actuals into forecasts and reports. This is absolutely vital for informed decision-making, and thankfully, JustPerform empowers you to tackle these challenges head-on. It provides a comprehensive suite of functionalities designed to streamline data processes, enhance decision-making, and improve overall financial governance.

• Centralized Platform: JustPerform eliminates data silos by consolidating information from multiple sources into a single, unified platform. It offers all-in-one simplicity for planning, close, consolidation, and reporting, which reduces the need to hop between various systems and tools. The result is fewer handoffs, fewer systems to train on, and far fewer manual data transfers required.
• Real-Time Data Access: JustPerform gives your team real-time access to current data — not stale snapshots or manual imports. This allows for immediate integration of actuals into advanced forecasts and reports, ensuring your analysis is always up-to-date and based on the latest information. Its native connectors and real-time syncing mean fewer delays and less wasted time waiting for data to arrive.
• Seamless Data Integration: JustPerform seamlessly connects to dozens of data sources and operational systems, eliminating the need for manual manipulation. With over 80 native connectors to ERPs, CRMs, and data warehouses, it ensures data accuracy and consistency across all financial processes. With less time spent on manual manipulation, analysts can spend more time on strategic insights.
• Automated Tasks: JustPerform can automate repetitive, rule-based tasks like data consolidation, currency conversions, and report generation. This frees up valuable time for your finance team to focus on data analysis, strategic planning, and leveraging the deeper insights for better decision-making. Its business rule library and low-code architecture help reduce repetitive steps for faster cycle times.
• Reduce Disclosure Risk and Foster Accountability: JustPerform empowers collaboration and maintains complete control over multi-author reports. It ensures that role-based controls, detailed audit trails, versioning, incident tracking, and governance are in place for a secure and accountable financial reporting environment, giving you peace of mind and embedded audit preparation.

How JustPerform Enhances EPM and Efficiency

By streamlining data movement and ensuring actuals feed seamlessly into forecasts, reports, and disclosures, JustPerform helps businesses make data-driven decisions with greater confidence. Shorter cycle times, faster report turnaround, fewer errors, better alignment, modern collaboration tools, and more improve your team’s efficiency and allow them to focus less on manual data integration and more on performance analysis. This leads to improved financial performance, increased efficiency, and better overall financial governance.

To learn more about how insightsoftware EPM bolsters efficiency and profitability, check out our whitepaper “From Data to Decisions: Unlocking Profitability with Modern EPM” below or head to our website to schedule a demo today.

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