4 Ways an EPM Facilitates Team Communication

If there’s one thing that will derail the most well thought-out strategy, it’s poor communication across the different teams within an organization tasked with executing the strategy. That’s where an enterprise portfolio management system can be a key player in your organization. You want an EPM system that has communication at its core, allowing your team to communicate throughout all their processes and work better together. There are four ways an enterprise portfolio management solution can help facilitate your team’s communication.

Compilation
One main benefit of an EPM system is that it gathers all an organization’s data into one place for ease of access. Everything from data and information to documents can be easily accessed from the EPM system, where team members can access them at a moment’s notice.  Nothing destroys productivity like having to search through a myriad of file directories to find the right spreadsheet with the data needed to make a quick decision. Many EPM systems don’t require you to move your data into their environment. Instead, the system simply integrates with external data sources,  allowing for easy access.,

Visibility
EPM systems are designed to provide a high level of visibility into an organization’s assets. By combining data into one location through dashboards and reports, all members of the organization can see and access that data.  It’s much more efficient than having to share a spreadsheet or create a presentation.  It helps ensure everyone is on the same page and working with the same information.

Collaboration
Another valuable feature of EPM systems is the ability for the team to easily collaborate on documents and other assets. Using collaboration tools, team members can review documents, make notes and add other comments across a variety of assets. This allows near-real time sharing of feedback and other important information.

Notifications
A final feature of EPM systems that’s critical to helping teams work together and communicate is their ability to deliver notifications and other alerts to users. Through this functionality, team members are always up-to-date on their assigned projects. Plus, your team can quickly get in touch with teammates if they need feedback or other information on a project, data or a decision.

CorasManage is the perfect solution for business leaders looking to implement an enterprise portfolio management solution into their business. CorasManage is a full-featured EPM system that allows decision makers to take control of their organization and enable their teams to work together effectively and efficiently. To learn more about Coras contact us today.