AI Trends in EPM
Thursday, 29 May 2025
Artificial Intelligence (AI) is no longer a futuristic concept in Enterprise Performance Management (EPM) – it's here, it's real, and it's reshaping how businesses plan, analyse, and perform. At mecklemore, we keep a close eye on innovation in the EPM space.
AI technologies, including machine learning and generative AI, are making enterprise performance management processes more agile, accurate, and insightful. Examples include:
Enhanced Forecasting: AI models analyse historical and real-time data to improve forecasting accuracy, enabling smarter, data-driven decisions.
Automation: Routine tasks like data collection, consolidation, and reporting are now streamlined through intelligent automation.
Deeper Insights: AI uncovers hidden patterns and trends, helping leaders proactively address challenges and seize opportunities.
Improved Collaboration: A unified, AI-driven data environment fosters better cross-functional communication and planning.
Our partners are leading the way in embedding AI into their platforms, each bringing unique strengths and innovations to enterprise planning and performance management. Here's how AI is enhancing EPM and what our key partners – Oracle, Jedox, and Board – are doing to lead this evolution.
Oracle is embedding AI into every layer of its EPM Cloud suite to reduce manual workloads and enable leaders to make faster, more accurate decisions:
Predictive Planning: Machine learning algorithms forecast future financial and operational scenarios.
Auto Predict: Automates the prediction of key business metrics based on historical data.
Narrative Reporting with Generative AI: AI assists in summarising and explaining trends in natural language.
Jedox is helping businesses accelerate their planning cycles and build a more agile response framework by integrating AI directly into its planning and forecasting tools:
AIssisted™ Forecasting: Improves forecast precision through AI-generated recommendations.
AIssisted™ Data Preparation: Automates tedious data integration and cleaning tasks.
Cross-Functional Planning: Streamlines collaboration across finance, sales, HR, and operations.
Board's integrated planning platform leverages AI to drive forward-looking insights that empower leaders to simulate scenarios and make strategic choices with greater confidence:
Board Foresight: Predictive analytics powered by internal and external data inputs.
Customisable AI Models: Flexibility to tailor AI to the unique needs of each organisation.
Unified Decision-Making: Combines BI, analytics, and EPM into one intelligent platform.
As AI continues to evolve, its impact on EPM will become even more profound. We're entering an era where finance and operations teams will spend less time on manual tasks and more time on strategic initiatives, all thanks to intelligent automation and predictive insights.
At mecklemore, we're excited to help clients harness these innovations. Whether you're an Oracle, Jedox, or Board customer, our team is ready to help you explore and implement the latest AI-driven capabilities in EPM.
Want to see how AI can transform your enterprise planning? Let's talk.
