EPM and EPI
One common mistake people make is failing to understand what it means to design an HFM application. It does not mean to re-evaluate the entire business process. Reviewing and redefining the business processes around HFM is expensive and time-consuming, and not required in order to have a good build and a successful project.
HFM is an EPM tool. That tool has functionality that drives how certain processes will function. Using them for other purposes or not as intended creates issues. Using any tool for a purpose it was not intended always leads to some shortcoming. Unless the tool is meeting some very short-term need, why set yourself up for frustration?
EPI, or Enterprise Process Improvement, is not about a tool. It is not even technology-centric. ...
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