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EPMRetrieveData Function Performance

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As anybody observed any performance issues with EPMRetrieveData function? I have requirement to develop complex and huge reports and would like to go with EPMRetrieveData function. But I would like to the opinion from the experts who have already used it. One reason why I am asking this question is EPMRetrieveData is a cell based function and going to hit the database for everycell and may degrade the performance. If I use this function in 500 cells and it going to hit the database 500 times ?? (correct me if I am wrong).

 

 

Thanks in advance,


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