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Yes, EPM have the capability of capturing the best practices in the industry.

What is EPM
EPM is the connecting fabric that allows management to link strategies to plans, continuously monitor execution against goals and drive enterprise-wide performance improvement.

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According to Eric Helmer (vice president of IT services an Oracle)—
Enterprise Performance Management (EPM) and Business Intelligence (BI) suites have dramatically changed financial and operational reporting strategy for organizations. These new solutions are accelerated by new capabilities such as drill back to source systems, integration with governance and tax systems, predictive analytics, and social media. Modern technologies allow CFOs to deliver better analytics not only to corporate advisors but also to staff in the field. We have evolved from simple spreadsheet reporting to doing true analytics and gaining unprecedented insight.

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