Yes, EPM have the capability of capturing the best practices in the industry.
What is EPM
There are so many definitions, what my understanding is Enterprise performance management is a system and process to help organizations, to link their strategies plans and monitoring execution to improve performance.
Now a days most of the companies are managing business by projects, project manager drives the entire project from beginning to end in a strategic way. By using EPM system we can understand business in a better way and take smarter decisions.
EPM system includes below management process;
Budgeting, planning, forecasting, modeling, monitoring, Reporting and analyze the performance.
Organizations execute these processes at least annually, some case quarterly or more often.
EPM system has evolved over time and now it’s moving to cloud to bring new benefits to the organizations and moving to automating the process to improve performance across the enterprise.