The world is currently facing global uncertainty due to the COVID-19 challenges, which necessitate innovations. Organizations are now facing a challenging situation, where they need to close the books remotely, model and plan for various scenarios, and stay relevant in rapidly changing environments while ensuring compliance.
Business leaders today are expected to monitor the success of their businesses and recommend future directions for the organization's growth. To manage their businesses, from strategy to exceptional results, leaders turn towards Oracle Enterprise Performance Management Cloud.
The Oracle EPM Cloud suite is a one-stop solution that brings scalability, automation, and standardization to strategic planning, period-close, and reporting processes across lines of business within the enterprise, offering flexible and customizable deployment options. EPM Cloud is built on the most advanced cloud platform, enabling business users to consume business processes in a single, complete, and 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, rather than 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 conducted in the organization are completed 10% faster than before and can save a few thousand dollars by avoiding auditor fees. Oracle EPM Cloud customers can move with confidence by automating 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 the following features and modules:
Planning and Analytics with pre-built modules for Financial planning, workforce, capex, and project planning
Financial Consolidation and Close
Account Reconciliation
Tax Reporting
Profitability and Cost Management
Financial master data management
Enterprise Narrative and Collaborative Reporting
Data Driven Decisions
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 make the decision-making process easier, faster, and with confidence.
In the current competitive global market scenario, it is vitally essential for any organization to forecast budgets and financials, as well as adjust productivity output and other business growth variables to achieve the highest and most optimal 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 embark on an integrated enterprise performance system implementation, complementing your efforts in driving your organization to unparalleled success.
FAQs
1. What is Oracle EPM Cloud used for?
Oracle EPM Cloud is used to streamline enterprise performance management processes, including planning, budgeting, forecasting, financial close, and reporting. It helps organizations align strategy with execution across global operations.
2. How does Oracle EPM Cloud support global business alignment?
Oracle EPM Cloud enables centralized planning, real-time collaboration, and data-driven decision-making across geographies. This helps global teams stay aligned with corporate goals and respond quickly to changing market conditions.
3. What are the benefits of using Oracle EPM Cloud for strategic planning?
Key benefits include improved forecast accuracy, faster decision-making, unified data across business units, and the ability to model complex what-if scenarios-all essential for strategic alignment and performance optimization.
4. Is Oracle EPM Cloud suitable for multinational companies?
Yes, Oracle EPM Cloud is designed for complex, multinational environments. It supports multiple currencies, languages, and compliance requirements, making it ideal for global businesses.
5. What modules are included in Oracle EPM Cloud?
Oracle EPM Cloud includes modules for Planning, Financial Consolidation and Close, Profitability and Cost Management, Account Reconciliation, and Narrative Reporting, among others.
In conclusion, if you're looking for assistance or have any questions, we are here to help. Our team is dedicated to providing the support you need, so don't hesitate to reach out. Contact us today to get started and let us guide you through your journey!
About SMACT Works
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.
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