In today’s fast-paced business landscape, finance executives face increasing pressure to redefine processes and embrace digital transformation. A recent survey revealed that:

• 59% of finance executives believe finance must transform to leverage technology more effectively.
• 60% of businesses will adopt a combination of AI and human judgment for better decision-making.
• 48% of CFOs are accelerating digital transformation to improve margins.
• 56% of executives say agility is essential to navigate turbulent environments.

Source: IDC Research Report and PwC Pulse Survey.

Oracle Cloud Enterprise Performance Management (EPM) empowers finance teams to achieve these goals by offering the most comprehensive Cloud EPM solution available today. Covering all EPM processes, Oracle Cloud EPM allows businesses to deploy modular solutions based on their specific needs while leveraging best practices.

The Power of Oracle Cloud EPM

Since its inception in 2014, Oracle Cloud EPM has revolutionized financial processes for over 7,300 customers in 80+ countries. What sets Oracle apart is its connected approach, which integrates all EPM processes on a common platform. This ensures that your business can automate, streamline, and optimize every aspect of financial management.

Key features of Oracle Connected Financial Close include:

• Consolidation & Close: Manage consolidations with built-in, configurable functionality and automated process management.
• Close Orchestration: Enhance collaboration and streamline workflows for faster, more predictable financial closes.
• Enterprise Journals: Automate and validate adjustments, tax-related entries, and journal allocations.
• Reconciliations: Improve balance sheet reconciliations with real-time visibility and automated transaction matching.
• Narrative Reporting: Simplify management, tax, and statutory reporting with customizable narratives and comprehensive board presentations.

Automating the Financial Close Process

Oracle Connected Financial Close brings automation and intelligence to your close process, replacing manual methods that are prone to human error. By adopting an automated, connected financial close, your organization reduces risk and improves efficiency.

The evolution of the financial close starts with intelligent process automation, incorporating AI-driven machine learning to process diverse data sets. Eventually, businesses can achieve a fully automated financial close, positioning themselves to focus on strategic analysis and decision-making.

Benefits of Oracle Cloud EPM

Oracle Cloud EPM offers three core advantages:

1. Increased Flexibility: Deploy and configure any EPM process as needed with seamless integration into Oracle ERP, SAP, and other systems.
2. Improved Insights: Access modern reporting tools, dashboards, and advanced analytics, with tight integration into familiar applications like Excel.
3. Faster, More Accurate Close: Leverage AI/ML-powered automation and intelligent processes for a faster, more accurate financial close.

Oracle Cloud EPM also incorporates Intelligent Process Automation (IPA) for reconciliations, consolidation, and disclosure management, and Intelligent Performance Management (IPM) to inform planning and decision-making through predictive analytics. With the addition of technologies like machine learning (ML), robotic process automation (RPA), and natural language processing (NLP), Oracle Cloud EPM helps finance teams stay agile in an ever-evolving business environment.

Customer Success with Oracle Cloud EPM

Oracle Cloud EPM has been recognized as a leader by Gartner, with 95% of customers recommending the platform. Here’s what some users have to say:

• “Our experience with the Oracle EPM suite has been transformational for our business processes. The EPM applications facilitate continuous process improvement and standardization by offering a consistent integrated toolset specifically tailored to each business process (Consol, Acct Recon & Planning).” — Senior Manager, Manufacturing Industry
• “I have been very pleased with EPM. Consolidation is something we did not have with our previous ERP software. This has helped streamline consolidations and ensure accurate reporting.” — Director of FP&A, Telecommunications Industry
• “Love Oracle EPM And Can’t Wait For The Continual Journey Of Improvements” — Head of Finance Systems

Ready to Transform Your Financial Close?

Oracle Cloud EPM offers unparalleled flexibility, insights, and speed, helping businesses move towards a connected, automated financial close process. Learn more about Oracle EPM.