Aligning Global Business with Oracle EPM Cloud
DECEMBER 30, 2021 06:14 AM
The world is currently facing global uncertainty due to COVID-19 challenges which leads to need for new innovation. Organisations are now facing a difficult situation, where they need to close the books remotely, model and plan for different scenarios and stay relevant in rapidly changing environments and ensure compliance.
Business leaders today are expected to monitor the success of the business and recommend future direction for the organization growth. To manage their businesses, from strategy to exceptional results, leaders turn towards Oracle Enterprise Performance Management cloud.
Oracle EPM Cloud suite is the one stop solution bringing scalability, automation, and standardization to strategic planning, period-close and reporting processes across lines of businesses in the enterprise with flexible and customizable deployment options. EPM cloud is built on the most advanced cloud platform makes it easy for business users to consume business processes in one complete connected experience.
EPM in the cloud raises data quality and accelerates its availability to the global organization. As data is one of the most valuable assets that any business owns, a modernized close becomes a driver of value instead of just a back-office function.
Oracle EPM Cloud Service is a cost-effective, enterprise-class analytics platform in the cloud that empowers you to do more with less. External audits done in the organization are completed 10% faster than before and can save few thousands of dollars saved from paying it as fees for auditor. Oracle EPM Cloud customers can move with confidence by automating the data consolidation, financial analysis, and month end close and quickly adopt world-class planning and budgeting applications with no CAPEX infrastructure investments.
Oracle Enterprise Performance Management Cloud offers following features and modules:
- Planning and Analytics with pre-built modules for Financial planning, workforce, capex, project planning
- Financial Consolidation and Close
- Account Reconciliation
- Tax Reporting
- Profitability and Cost Management
- Financial master data management
- Enterprise Narrative and collaborative Reporting
Data is the most valuable asset in any business as it drives analytics, benchmarking, forecasting, predictions, machine learning and artificial intelligence which in turn help companies to the decision-making process easier, faster and with confidence.
In the current competitive global market scenario, it is vitally important for any organization to forecast budgets and financials, as well as increase or decrease productivity output and other business growth variables to achieve highest and most optimum results.
Oracle Enterprise Performance Management (EPM) Cloud helps companies of all sizes to lead with confidence in the digital economy. The right Oracle cloud partner can help your organization take advantage of Oracle EPM Cloud and to embark on an integrated enterprise performance system implementation and compliment in driving your organization to unparalleled success.
SMACT Works is a technology-focused systems integrator and IT/ERP consulting firm. We deliver end-to-end consulting, managed, and implementation services for Oracle Cloud Applications, IaaS & PaaS, On-Premise PeopleSoft & EBS Applications. Headquartered in Dublin, OH, we have a global presence with North America and Asia offices. We are an Oracle Gold Partner Cloud Standard, ISO 9001, and 27001 certified delivery organization serving customers with Excellence and Integrity.