EPM software not only are the best product to build your budget or your consolidated Financial statement but, more often, are the best instruments in our hands to understand why things happens.
Each big company has a detailed chart of account and each account hide many informations; not always our customer are able to understand Why things happens.
Even if is not properly the case, root analysis can be the best solution in that cases.
Root cause analysis is an approach for identifying the underlying causes of why an incident occurred so that the most effective solutions can be identified and implemented. It's typically used when something goes badly, but can also be used when something goes well.
The newest and well known EPM softwares are nowadays able to apply a root analysis and CFO and stakeholders can sleep peacefully; by analyzing deeply our database, asking to aour collegue, answering to same question can help to understand our business, especially in the last years.
Information is all we need to understand the business and the business's problems and more informations we have, more problems we can solve. And once the problem is found, we can start thinking how to prevent it!
To much expenses? Few revenues? Some products are badly sold?
Starting analyzing unaggregated level of data and asking what and why people "create" business data is the aim of all successfull companies.
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