You may find yourself asking, “What is Oracle EPM Cloud and how can it help my business?” EPM stands for Enterprise Performance Management, and it can help you analyze, understand and report on your business. EPM is critical for managing all types of organizations. It can link financial and operational metric and provide insights that ultimately drive strategies, plans and execution.
In an environment of constant change, new competitors and economic uncertainty, Oracle EPM Cloud helps organizations manage their agile businesses. Oracle EPM Cloud also incorporates emerging technologies like Artificial Intelligence and Machine Learning. These technologies help improve the quality of decisions and automate routine tasks.
The most effective EPM solutions are complete and connected suites that integrate with customers’ core ERP systems. A next-generation Oracle EPM Cloud suite enables finance leaders to build a future-ready finance organization. Oracle EPM Cloud gives you the agility you need to respond quickly in fast times.
Oracle EPM Products
Oracle EPM Products include:
- Planning and Profitability
- Complete Financial Close
- Narrative Reporting
- Enterprise Data Management
Oracle planning and profitability products are designed to provide truly agile forecasts and connected planning across the organizations, from long-range planning to bottom-up budgets and forecasts. The planning, budgeting, and forecasting solutions align planning across the enterprise. This allows you to respond to change faster, and more effectively, by developing agile forecasts for all lines of business. You can create long-range forecasts for unpredictable business dynamics using sophisticated, built-in scenario modeling. The products help you gain insight into dimensions of cost and profitability to determine where to invest limited resources.
You can also accelerate the financial close process with comprehensive consolidation and close, close-process orchestration, account reconciliation, and tax reporting solutions. Oracle’s financial close and reporting solutions enable organizations to adapt quickly to changing business and compliance requirements while reducing risk, improving controls, and delivering faster, more accurate insights to all stakeholders—anytime, anywhere.
With Oracle EPM Cloud Narrative Reporting products, you can reinvent reporting with a single solution for defining, authoring, reviewing, and publishing financial, management, and regulatory report packages. Businesses of all sizes can streamline reporting processes and combine data and narrative in a secure, collaborative environment to deliver faster and more accurate insights for all stakeholders—even on the go.
Finally, you can accelerate your business transformation with Oracle EPM Cloud Enterprise Data Management products. As organizations grow and evolve, they add more IT systems, creating complex information silos. This is why managing hierarchical master and enterprise data becomes essential. The Enterprise Data Management products in Oracle EPM Cloud provide a single platform to flexibly manage enterprise data while maintaining data integrity and enterprise application alignment. With improved data management, you can drive agile business transformation. Oracle EPM Cloud can even help save lives, as Montefiore Health Systems has.
Learn more about how Oracle EPM Cloud can benefit your business at www.oracle.com/epm or check out this interactive guide for how to make the move to Oracle EPM Cloud.