More Cloud solutions released from Oracle! With more than 1200 customers and nearly 70,000 users gained over the last two years with our Planning and Budgeting Cloud and Enterprise Performance Reporting Cloud solutions, Oracle is continuing the momentum with the availability of 4 new EPM Cloud offerings – Enterprise Planning Cloud, Account Reconciliation Cloud, Profitability and Cost Management Cloud and Financial Consolidation and Close Cloud.
Offering a complete suite of EPM solutions in the cloud enables our customers to move away from the disconnected spreadsheets they have traditionally used for EPM processes toward more enterprise applications. Cloud makes it easier and feasible to deploy applications across a wider audience throughout the organization, which can lead to higher forecast accuracy, better decisions, and more reliable results.
In a recent EPM Cloud Trends survey, over 50% of the organizations that have EPM applications in the Cloud today did not have these applications previously on-premises. Moreover, EPM in the Cloud delivers a better experience all around, with more than 50% indicating that EPM Cloud applications deliver better functionality, scalability, performance, implementation time and less complexity, and the ability to make the solutions available to a wider audience.
Here are the new Oracle EPM Cloud solution offerings:
- Profitability and Cost Management Cloud – Empower business users with the insight and flexibility to discover the many dimensions of profitability.
- Enterprise Planning Cloud enables business owners to maintain independent plans while aligning planning processes across the enterprise —all with the ease and simplicity of the cloud—and without heavy reliance on IT. Pre-built business process frameworks for Workforce Planning, Project Planning, Capital Asset Planning, and Financial Statements can be used by both financial and operational planners.
- Account Reconciliation Cloud enables you to automate reconciliation tasks, support risk-based cycles, and gain real-time visibility into reconciliation performance.
- Financial Consolidation and Close Cloud helps customers optimize the close with best practice consolidation out-of-the box, functionality to comprehensively address the extended close, and accurate and transparent reporting.
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