Are you in the market for the best EPM software app to help streamline your business operations? Look no further!
Here we have compiled a list of the best EPM software apps of 2023, so you can find the perfect fit for your business needs. Read on to get started on your search for the perfect EPM solution today!
What are EPM tools?
EPM tools are software solutions designed to help organizations improve their performance by managing financial and operational data.
EPM tools help organizations monitor, plan and predict financial results, identify potential issues, improve financial efficiency, and align performance with strategic goals.
These tools usually provide features such as budgeting, forecasting, reporting, financial modeling, and strategic planning. Examples of EPM systems include Oracle Hyperion, IBM Cognos TM1, Anaplan, and Adaptive Insights.
EPM tools are often compared to enterprise resource planning (ERP) systems, which are more focused on managing business processes. EPM is more specialized in managing financial data and resources while the ERP is more focused on managing the operations of a business.
By utilizing these tools, businesses can gain insights into their financial performance and use these insights to optimize their operations and achieve their goals.
This answers the question that what are EPM tools in detail. Keep reading to know more about different examples of EPM systems and tools.
Enterprise Performance Management Software Comparison Criteria
Whether you’re a small business or a large enterprise, enterprise performance management (EPM) software is an essential tool for optimizing your business operations.
In the ever-evolving world of technology and software development, it’s important to stay up to date on the latest trends and criteria for comparing different EPM applications.
In this blog section, we’ll be looking at the comparison criteria for Enterprise Performance Management Software (EPM) in 2023.
We’ll be discussing key features such as scalability, automation capabilities, data integration, real-time analytics, and more.
We’ll also provide insight into how these features can help businesses improve their operational efficiency and reach their desired goals.
We’ll start by looking at scalability – which is an essential feature of any EPM app.
A scalable solution helps businesses quickly adapt to changing conditions without sacrificing performance or reliability. It should also allow for quick deployment and easy integration into existing systems without requiring costly upgrades or modifications.
Next up is automation capabilities – an equally important factor when considering EPM tools. Automation allows businesses to streamline processes, reduce manual labor costs, speed up response times, and increase overall efficiency levels.
The 8 Best EPM Software
In modern society, effective project management is becoming increasingly important as businesses seek to maximize efficiency and remain competitive.
Using the right solution can help you achieve these goals by streamlining project creation, collaboration among team members, task delegation, and resource utilization.
With so many options available on the market today, it can be difficult to choose the best EPM software for your organization or team.
We will discuss each program in detail to give you an idea of what features are offered and which one may fit your needs most effectively.
1. nTask for a user-friendly solution
nTask enterprise project management software is a system used by businesses and organizations to help plan, manage, and complete projects efficiently.
It typically includes a range of features that allow users to track tasks, assign duties to team members, set deadlines, create schedules and collaboratively review progress.
This type of software also often provides reporting capabilities so that stakeholders can be updated on the progress of their projects.
By utilizing task enterprise project management software effectively, teams can increase productivity and efficiency while ensuring that deadlines are met.
The primary benefit of this system is giving managers full visibility into all ongoing projects, allowing them to make better decisions about what needs attention based on data instead of intuition or guesswork.
Additionally, it reduces manual paperwork as everything is automated in one centralized hub where all relevant information is accessible from any location with an internet connection.
- Task Management: Ability to create, assign and organize tasks in various categories such as To-Dos, Projects, and Reports. Manage multiple projects with task-tracking tools that allow users to keep track of progress.
- Resource Management: Assign resources within a project and manage the overall workload distribution among team members by forecasting availability and constraints while scheduling tasks.
- Collaboration Tools: Ability to collaborate with colleagues on specific tasks or projects via chat messages, emails, or video conference rooms for discussing ideas, working as a group, or gathering feedback from stakeholders quickly.
- Document Storage & Sharing: Secure document storage & sharing system which allows users to share documents easily without any risk of data leaks or theft by providing access only to authorized personnel for viewing/editing files at the same time simultaneously from any device including laptops, tablets, etc.
- Automation Features: Automate repetitive operations such as reminders for task deadlines, and notifications about assigned tasks along with automated file backups/synchronization across devices is available as well for improved efficiency and better organization of workflows without manual efforts.
- Analytics & Reporting: Generate powerful reports based on past performance data, and insights into current project statuses using analytics functions like timeline views, Gantt charts, etc when making decisions faster while taking business strategies ahead.
- Premium $3/user/month
- Business $8/user/month
- Enterprise custom/pricing
Simplify project management
with nTask today!
2. ClickUp for remote teams
ClickUp is an enterprise project management software that was created to help remote teams collaborate and get their projects done with ease.
It comes with powerful features such as task tracking, timesheets, automated workflows, custom dashboards and reports, project templates, integrations with third-party apps and services like Slack and Google Drive, customizable roles, and permissions for team members and admins.
With ClickUp’s intuitive interface and robust feature set, your team will be able to quickly plan projects at a glance while analyzing performance in real-time.
In addition to the basic features of ClickUp – task lists and boards – there are also several unique features that you can use to easily organize your workflows including creating recurring tasks or using multiple workspaces for different teams or clients.
Additionally, ClickUp offers integration options so you can connect it directly to popular tools like JIRA or Azure DevSecOps pipeline for secure development.
With these capabilities, you’ll be able to manage not just individual tasks but an entire workflow process without leaving the application.
- Task Management: ClickUp provides tools like list views and board views to organize tasks into different categories. Users can assign tasks to team members, set deadlines and track progress in real-time.
- Collaboration: ClickUp offers a collaboration platform where users can communicate in private rooms or public chat rooms. It also allows users to attach documents, images, files, and links to tasks, enabling efficient communication between teams.
- Integrations: ClickUp integrates with over 1,000 popular applications such as Slack and Google Drive for seamless data exchange across platforms. This allows users to move quickly between programs without having to manually input data multiple times.
- Time Tracking: With the time tracking feature of ClickUp, teams can easily measure how long it takes from start to finish on projects or tasks so they can carefully plan out their workflow more effectively going forward.
- Reporting & Analytics: The reporting feature of ClickUp helps users visualize their data through graphs and charts that show task performance throughout the project cycle helping them monitor progress in real-time and make adjustments if needed.
- Free Forever – Free
- Unlimited $5/user/month
- Business $12/user/month
- Business Plus $19/user/month
- Enterprise custom/pricing
3. Teamwork for a complete suite of tools
Teamwork for remote teams enterprise project management is a comprehensive system designed to help distributed teams of all sizes and industries stay connected, organized, and productive.
It provides an array of tools that enable project managers and team members to communicate, collaborate efficiently, and manage projects in a cost-effective manner.
Teamwork enables users to assign tasks, track progress, create reports, share documents, store files, and receive notifications when changes are made or tasks are completed.
Additionally, it helps maintain clarity on who is responsible for each task with the ability to filter out completed items ensuring people focus on what needs to be done next.
With the use of Teamwork’s collaboration features, team members can easily post comments on tasks or projects allowing everyone involved with the project easy access updates so that decisions can be made quickly and efficiently with minimal disruption.
Teamwork also allows users to easily generate automated reports as well as review information quickly so that any issues or risks can be addressed before they become problems.
In summary, teamwork offers organizations an effective way of running remote business operations in a coordinated way enabling better decision-making for successful enterprise Project management.
- Communication and Collaboration Tools: Cloud-based tools that allow teams to communicate with one another and collaborate on projects, helping them stay connected even while they are apart.
- Task Management: Features that help break down projects into smaller tasks and assign those tasks to individual members of the team with deadlines for completion. This helps keep projects on track and ensures deadlines are met in a timely manner.
- Progress Tracking: Shows team members their progress towards task completion, as well as gives team leaders insight into how far along each project is overall so they can provide any necessary guidance or support when needed.
- File Sharing: Ability to securely upload, store and share files both internally within the team or externally with third parties such as clients or partners involved in a particular project if necessary.
- Reporting/Analytics Tools: Generates reports that give an overview of progress on various aspects of a project, including budget tracking, resource allocation, team performance indicators, etc., which helps teams make more informed decisions about future projects or goals for current ones.
- Free Forever $0/month
- Starter $5.99/month
- Deliver $9.99/month
- Grow $17.99/month
4. Nifty for collaboration
Nifty is an enterprise software for collaborative project management. It simplifies the way teams work together, enabling easier communication and organization.
With Nifty, users can create tasks and assign them to team members; track progress in real-time with dashboards; easily track project milestones and deadlines; get team updates via email notifications or mobile push notifications; use tags to organize tasks by topic or task owner; integrate popular calendar applications like Google Calendar and Outlook Calendar, as well as many other essential tools like Dropbox, Box.net, Asana, Evernote, Basecamp and Slack.
Nifty also provides project analytics to help teams keep their projects on track by monitoring performance metrics such as budgeting, timelines, and resource usage while helping them identify bottlenecks or areas of improvement.
Furthermore, its modern user interface makes it easy to access data from any device on any platform including desktop computers, tablets, and smartphones.
- Task tracking and task creation: With Nifty, users can create tasks and track the progress of each task in real-time. This helps identify roadblocks or issues quickly so that teams can address them efficiently.
- Automated notifications and reminders: Nifty’s automatic notifications ensure everyone is kept up-to-date with any changes or updates to the project. Reminders are also sent out when deadlines are approaching to make sure progress stays on track.
- File sharing and storage capabilities: Documents, images, videos, audio files, code snippets—all of these types of assets can be uploaded onto the Nifty platform securely, so they can be accessed by all stakeholders throughout the development process.
- Detailed reporting tools: Track team performance and other analytics easily with customizable reports that offer detailed insights into every aspect of a project’s timeline from start to finish.
- Time logging system: Logging time spent on tasks allows managers to accurately measure actual effort taken against the planned effort required for the successful completion of projects.
- Support for third-party apps/tools/software integrations: Integrated third-party applications such as Slack or Dropbox provide an even more efficient way for teams to collaborate on projects within their own workspace environment without needing an additional piece of software.
- Starter $39/month
- Pro $79/month
- Business $124/month
5. ProofHub for working across departments
ProofHub is an enterprise software solution for working across departments and managing projects effectively.
It simplifies the collaboration process by allowing teams to organize tasks, assign work, chat with each other, get timely updates on projects, and more. It helps teams prioritize tasks efficiently so that they can focus on important deliverables.
With a centralized workflow management feature, ProofHub allows users to manage multiple workspaces in one place and access project information easily.
The Gantt chart view helps visualize project plans on timelines, keeping teams updated about upcoming deadlines and progress statuses. The reports & timesheets generated by Proofhub ensure accuracy in tracking time spent on various projects.
Additionally, it offers secure file sharing & storage capabilities to share documents and files among team members with ease & convenience while maintaining maximum security of confidential data.
All these features make it the perfect choice for enterprises looking to streamline their project management processes across departments efficiently from one central platform.
- Task Management: Allows users to assign tasks, prioritize them, track progress, and mark them as complete. Gantt charts can also be used to visualize project timelines and dependencies.
- Collaboration Tools: Includes discussion boards, comment threads, online chat tools, video conferencing tools, and other collaborative tools to facilitate teamwork.
- Time Tracking: Automates the time tracking process across teams by allowing users to log in their hours for specific tasks or projects with accurate reporting for easy analysis of team performance against pre-set targets or budgets.
- Resource Management: Helps planners allocate resources based on the skill set needed for each task or project while taking into account resource availability and timeline constraints of related tasks/projects.
- Dashboards & Reporting: Provides real-time insights about ongoing projects with interactive visual analytics dashboards in addition to generating reports as required by organizations for better decision-making.
- Mobile Accessibility: With its mobile app, users can access all ProofHub features from anywhere thus ensuring organizations stay connected at all times no matter where they are located physically.
- Essential $45/month
- Ultimate Control $89/month
6. Smartsheet for spreadsheet-oriented project management
Smartsheet is a spreadsheet-oriented project management software designed to provide an efficient way for companies to manage projects collaboratively and across departments.
This enterprise software features business intelligence tools, workflow automation capabilities, task assignment tracking, resource and cost tracking, interactive Gantt chart creation, automated real-time reporting templates, and more.
It also includes mobile apps so users can access their Smartsheet data on the go. With its intuitive interface, Smartsheet enables teams to add tasks quickly and customize columns easily.
Additionally, Smartsheet helps in streamlining complex processes with forms that are easy to create and process workflows that run without errors or missed steps along the way.
The ability of staff members from different departments to access the same document makes collaboration easier than ever before while automating approval processes saves loads of time for everyone involved in the project.
- Project Management: Smartsheet provides an easy-to-use interface for creating, tracking, and managing projects with resources including Gantt charts, interactive reports & graphs, task boards, calendar views & dependencies.
- Task Management: Users can create tasks with due dates and assign them to individuals or teams. They can also collaborate on tasks by adding comments or attachments right within the sheet itself.
- Collaboration: Smartsheet has built-in collaboration tools that enable users to work together in real time from anywhere. Features such as chat alerts make it easier to keep everyone in the loop while working on multiple sheets simultaneously.
- Integration & Automation: The platform integrates easily with popular business applications like Salesforce, and Office 365 Suite using Zapier integration services so users can share data across systems without any manual effort. Automations allow for set actions to be triggered when certain conditions are met for enhanced productivity and efficiency.
- Mobile Accessibility: Users benefit from mobile apps for iOS & Android devices so they can access their Smartsheet sheets from anywhere anytime ensuring better visibility into project status updates even when away from the office desk.
- Free $0/month
- Pro $7/month
- Business $25/month
- Enterprise custom/pricing
7. Planview for strategic project portfolio management
Planview EPM software is a cloud-based project portfolio management (PPM) solution that helps organizations manage their projects and resources effectively.
It provides a centralized platform that integrates all project-related data and resources, offering a range of features and EPM tools that support project management, resource management, portfolio optimization, and financial tracking.
With Planview EPM software, businesses can streamline their project management processes, gain greater visibility into their project portfolios, and make informed decisions that drive growth and success.
- Resource Management: Planview EPM offers an advanced resource management feature that provides greater visibility into resource allocation and usage across all projects. With it, you can get a clear picture of resource over/under-utilization and make critical adjustments.
- Portfolio Management: The software offers a comprehensive suite of portfolio management tools that you can use to optimize your project planning across the organization. You can prioritize your projects, identify value streams, and align portfolios to strategic goals.
- Reporting and Analytics: Planview EPM offers robust reporting and analytics capabilities that help you keep track of project performance and identify areas for improvement. You can generate custom reports, dashboards, and visualizations to track project progress in real-time.
- Financial Management: Planview EPM provides financial management features that allow users to plan budgets, allocate project costs, and track financial progress across all projects. You can accurately track capital and operational expenses to ensure optimal financial performance.
- Planview’s pricing is based on the number of users and the level of functionality required. Pricing is not publicly available, so interested organizations should contact Planview directly for a quote.
8. Workday for enterprise project planning
Workday EPM (Enterprise Performance Management) is a cloud-based software that helps organizations plan, execute, and analyze their business performance. It provides features like financial management, workforce planning, business insights, and analytics that help businesses improve their decision-making process.
- Financial management: Workday EPM provides financial management features like general ledger, accounts payable, accounts receivable, and treasury management. It helps businesses to streamline their financial operations and provide real-time financial insights.
- Workforce planning: Workday EPM provides features like workforce planning, succession planning, and talent management. It provides detailed insights into business performance and helps businesses to create effective strategies to maximize employee potential.
- Business insights and analytics: Workday EPM provides analytics and reporting capabilities that help businesses to generate real-time reports, dashboards, and insights. It provides detailed information about business performance and helps businesses to make informed decisions.
- Integration: Workday EPM can be easily integrated with other enterprise applications like CRM, HR, and others. It helps businesses to access data from different sources in a unified manner.
- The pricing for Workday EPM software is not publicly available. However it provides a free trial and demo.
What makes the best enterprise Project Management Software?
A great enterprise project management software will have a wide range of capabilities to meet the needs of any organization. The best solutions should encompass:
- Collaborative Team Management – A clear, organized interface for managing teams and their tasks within the system. This includes assigning roles and responsibilities, tracking progress, keeping everyone in sync with each other’s workflow, and scheduling meetings or task updates.
- Comprehensive Planning Tools – Ability to create detailed plans including schedules, timelines, budgets, and cost estimations as well as providing insight into resource availability.
- Effective Risk Management Strategies – Systematically monitor risk factors associated with projects so you can take proactive steps before disaster strikes.
- Robust Data Analysis Capabilities– Perform interactive data analysis on results while providing easy-to-understand dashboards that display real-time performance metrics.
- Advanced Security Protocols– Ensure sensitive data is secured while still allowing access to authorized users with minimal disruption.
How to pick the best work management software for enterprises?
When it comes to choosing the best work management software for enterprises, there are a few key considerations that must be taken into account. First and foremost, the size of the enterprise should be taken into consideration.
This means that any work management software selected should have features and capabilities that are appropriate for bigger businesses as well as small start-ups.
Another factor to consider is whether the enterprise will need tools specifically designed for distributed teams or multiple locations.
Having the ability to collaborate remotely is often essential in this day and age, so make sure your chosen software can facilitate such collaboration.
The type of industry should also be considered when selecting a suitable work management platform.
Different industries have different requirements when it comes to tracking projects, managing resources, setting up tasks, etc., so choose a platform that has been tailored specifically to accommodate the needs of your particular sector or niche market.
Additionally, each organization has its own specific requirements in terms of workflow automation and task delegation – ensure these areas are met by evaluating various software options in detail before committing to one solution provider over another.
In a Nutshell…
In conclusion, the EPM market is set to grow significantly in the coming years, and with this growth, businesses will continue to require the best EPM tools to stay ahead of the competition.
This article has highlighted some of the best EPM tools of 2023, based on their features, capabilities, and customer satisfaction.
From nTask to Planview Enterprise Portfolio Management, these top EPM tools offer users an integrated platform for managing their projects, resources, portfolios, and finances, providing greater efficiency, insight, and control over the project lifecycle.
By leveraging these tools, businesses can optimize their project management efforts, mitigate project risks, and stay on track toward achieving their strategic goals.
Ultimately, the key to choosing the best EPM tool for your business is to identify your unique project management needs, evaluate your options carefully, and select the software that aligns best with your goals and objectives.