Oracle Cloud EPM automates Planning, Budgeting, Financial Consolidation, Account Reconciliation, Tax & Narrative reporting and manages the Enterprise data with intelligent workflows.
Oracle Cloud Enterprise Performance Management (EPM) Platform is a framework of the technical and functional components shared among Cloud EPM processes. It enables an organization to have a more unified user experience and simplified administration across different business functions. The robust platform comprises of Reports & Analytics, Data integration, Task management, Performance management, Process automation, Next-Gen user experience, and Administration.
With Oracle Cloud EPM, make better and informed decisions by creating goal-oriented plans with the help of insights into your performance with interactive dashboards, reports, and leverage predictive planning that recommends that best way forward.
Every part of the enterprise business can be connected with a plan that is fully integrated across finance, operations, and lines of business. Connected planning helps you analyze the impact of the changes across the business. Build multiple complex models across financial and operational what-if scenarios on a large scale at ease. Predictive planning features can be used to validate assumptions and reduce the risk in decision making.
Understand your most profitable products or lines of business and, inversely, your biggest costs, to make more informed decisions about where to take the business. Build transparent allocation models for profitability analysis, shared service costing, IT financial management, tax transfer pricing.
The management can build and maintain profitability and cost models with point-and-click actions without any scripts or coding. Business owners and experts can easily change assumptions, allocation methods, and more. No need to rebuild the model each time or rely on IT to do it for you. Combine financial data with operational metrics and business drivers from anywhere and allocations have easy-to-read cost and profit traceability maps. Visually analyze the most current data using dashboards you can configure as per the need.
Business Owners can quickly adapt to changing business and compliance requirements while delivering faster, accurate, and transparent reporting. Leverage built-in functionality that covers the full spectrum of end-to-end close tasks.
Pre-built best practices can accelerate the start of default requirement including dynamic calculations. Increase the accuracy and speed of the close process by reclassifying, adjusting, and eliminating data for any hierarchy with pre-built consolidation support. Manage the close by automatically tracking key metrics across the organization. Reduce manual work by using automatic, standard intercompany eliminations. Consolidate your global organization with GAAP-driven applications that have full currency support, intercompany eliminations, equity eliminations, adjustments, and detailed data source tracking. Streamline the end-to-end close with automated process monitoring, integration, and workflow capabilities.
Improve the efficiency and accuracy of your financial statements by automating account reconciliations and transaction matching. Addressing security and risk are associated with the same process.
The auto-match engine can match millions of transactions in minutes. Use pre-built formats, created from best practices, or create your own custom formats, and gain the flexibility to meet your needs. Built-in workflow captures when a reconciliation has been signed off, by whom, and notifications help keep your entire team on track. View the status of all reconciliations, and stay in control of the entire process, from financial close to disclosure. Account Reconciliation is fully integrated with Oracle Cloud EPM, including financial consolidation and close and narrative reporting, for a complete, end-to-end financial close process.
Align tax with corporate financial reporting for better visibility and compliance. Deliver transparent corporate tax processes including tax provision and country by country reporting.
Stay ahead of internal and external reporting requirements with narrative reporting for collaboratively authoring and publishing financial, management, and regulatory report packages.
Manage business change with enterprise data management, including enterprise data governance, change data visualization, and hierarchy management.
Connect both Oracle and non-Oracle business applications using dedicated application or universal adapters. Import lists or hierarchies from contributing applications. Create new or change existing enterprise data, relationships, and attributes with requests in an easy-to-understand shopping cart interface. Enhance a request by inviting collaborators as needed. Alerts keep everyone in sync by advising coauthors of changes. Visually compare alternate business perspectives, lists, or hierarchies, in a side-by-side layout. Provide dimensions and mappings to consuming applications. Integrate with one or more connections for registered applications or download to a file for consumption in target applications.
47% of companies that moved to Oracle Cloud EPM cite remote work as a deciding factor, with collaboration and communication next in line at 30%.
Rapid change requires collaborative processes that connect the dots between operational and financial data and Oracle EPM provides real-time information and collaborative workflows at all levels.
Planning professionals using Oracle Cloud EPM were able to complete tasks more quickly. 56% planned faster, 35% less time was spent on monthly forecasts, and 31% reduced their time gathering data.
Oracle Cloud EPM reported efficiency improvements and dramatically decreased spreadsheet usage, with system’s cloud-embedded capabilities such as account reconciliation and automation.
Partnering with IBM means conquering business challenges today and planning for tomorrow with a suite of solutions designed to support the entire analytics journey.
One can choose between on-premise, on the cloud, or a combination of both and access the same data from anywhere at any time.
What we can do for you
Consulting for introducing best practices in Oracle Cloud EPM which include Planning, Budgeting, Financial Consolidation, Account Reconciliation, Tax and Narrative reporting and more.
Implement Oracle Cloud EPM which includes pre-defined modules and help you build customized modules as per your requirement and enable them to improve the productivity and profitability.
Integration with all complementing solutions and data sources that are existing through integration protocol to have a seamless flow of data and enhance the availability.
Provide a solution which is comprehensive, easy to implement, build and develop customized modules, to acheive excellence in business operations.
"We shortened overall budget process efforts by 80%, enabled faster budget revisions, reduced errors & increased collaboration. We end up having highly satisfied business users”.
"Achieved robust transformation of supply chain planning and budgeting process through Enterprise Performance Management implementation".
"Delivered comprehensive and optimized business process design and information flow architecture for end-to-end supply chain as part of operational excellence by design".
"Established Strategy Management processes and introduced Project Management operations successfully".
"Successfully completed assessment of warehouse operations for large pharma supply chain organization to achieve excellence in warehouse operations".
"Achieved supply chain optimization through operational excellence initiative and introduced MRP process successfully".