PrevisionEPM Review - why 3.9 stars?

Shlomi Lavi / updated: Nov 14, 2019

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What is PrevisionEPM?

PrevisionEPM is an enterprise-level performance management system that can help users to monitor key performance indicators for enhanced performance. The performance management solution can help managers and executives to find out all the hidden information that are hidden in disparate systems to execute and develop financial plans that are easy to customize, deploy and configure.

PrevisionEPM is a completely owned subsidiary of HCG Software, LLC. The company has been providing performance management solutions since 2003. They are headquartered in 517 SW 4th Ave. Suite #300, Portland, OR, 97204 and are a privately held company.

Who is it best for?

PrevisionEPM is perfect for midsize and large organizations. Industries providing healthcare, retail, manufacturing, private equity, financial services, public sectors, and general industry services can try this software. Dameron Hospital Association, Walker County and University of Arkansas for Medical Sciences are some of the clients of PrevisionEPM.

Main features and functionalities

PrevisionEPM comes with operational reporting, planning and budgeting, business analytics, executive dashboard and custom EPM solutions features. The operational reporting offers financial reporting, multiple currency support, labor productivity and key performance indicator monitoring features. The planning and budgeting tool comes with enterprise budgeting, capital planning, forecasting, payroll/workforce planning and rolling budgets features.

The business analytics part can help users to control labor costs, make informed decisions, analyze productivity, monitor employee cost and interfacing with every third party workforce and payroll software. The executive dashboard offers financial benchmark report, dashboard report, key performance indicators, customer profitability and sales trend analysis features. Other notable features are multi-company support, audit trail, capital asset planning and cash management. This is also data and time agnostic and only takes 8 weeks to implement.

What is the actual cost?

ITQlick pricing score is 5.8 out of 10 (10 is most expensive). Access ITQlick pricing guide for PrevisionEPM.

Pros

• PrevisionEPM’s enterprise performance management solution is specifically designed for midsize and large enterprises
• PrevisionEPM’s enterprise performance management solution is available in both on-premise and on-demand deployment models
• The customer support of PrevisionEPM offers email, phone and ticket based support system
• The enterprise performance management software comes with financial benchmark report feature unlike other similar tools
• The enterprise performance management solution comes with multi-currency and multi-company support for users

Cons

• PrevisionEPM doesn’t offer any mobile dedicated app for iOS and Android users
• PrevisionEPM’s enterprise performance management solution is not suitable for users of small business
• The customer support of PrevisionEPM doesn’t offer any 24/7 live phone support -- only Monday to Friday, 7AM - 6PM PST.
• The enterprise performance management software is only available in English as of this time
• The on-premise deployment option requires Microsoft Excel and SQL Server which can be a problem for some users

How it stacks up?

Access a head to head analysis of PrevisionEPM vs alternative software solutions.

Frequently Asked Questions (FAQs)