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What's Next for the Industry's First Integrated, Hot-Pluggable EPM System?
At November's Oracle OpenWorld conference, Oracle executives unveiled plans for a sweeping set of enhancements for the industry's first integrated, hot-pluggable enterprise performance management (EPM) system.
Development plans span Oracle's entire range of EPM and BI offerings, including performance management applications, business intelligence applications, and technology foundation offerings.
Key planned enhancements include new XBRL capabilities, improved drill-back functionality, and a new profitability and cost management application.
"With Oracle's EPM system, CFOs, line-of-business managers, and IT users can align business goals with actual performance, to constantly drive better insight and business results," says Thomas Kurian, senior vice president, Oracle Server Technologies.
Profitability and Cost Management
A new profitability and cost management application will comprise a significant part of the planned enhancements. It is being designed to provide highly granular insight into revenues and costs, so financial managers can quickly build complex, multistep allocation models using activity-based costing or other appropriate methods.
The result: insight into profitability by customer, product, service, channel, brand, or any other dimension that makes sense for an organization.
Enhanced Drill-Back
Planned new capabilities in Oracle's Hyperion Financial Management will support out-of-the-box drill-down capabilities by accounts, organization structures, time, and products within the Oracle E-Business Suite and PeopleSoft Enterprise General Ledger.
Enhanced XBRL Support
XBRL, an XML standard for financial reporting, enables faster access and analysis of financial statements by regulators and investors. In fact, it may become a Securities and Exchange Commission filing mandate within the next few years.
The planned new XBRL Manager feature within Oracle's Hyperion Financial Reporting is designed to enable customers to attach XBRL tags to their financial statements—whether data comes from Hyperion Financial Management, Oracle's Essbase, or Hyperion Planning.
See the press release.
This content is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle.
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