back to the main page
Looking Ahead: What's Next for the Industry's First Integrated, Hot-Pluggable EPM System
At the April 2008 COLLABORATE 08 user conference, Oracle executives discussed 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 business intelligence (BI) offerings, including technology foundation offerings.
Key enhancements are planned to 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 is expected to comprise a significant part of the planned enhancements. It is planned to be designed so financial managers can quickly build complex, multistep allocation models using activity-based costing or other appropriate methods. Traceability maps and audit trail capability are planned to provide a new level of transparency into cost and revenue drivers.
The intended 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 are intended to support out-of-the-box drill-down capabilities by accounts, organization structures, time, and products to the Oracle E-Business Suite and PeopleSoft Enterprise General Ledger.
Enhanced XBRL Support
XBRL, an XML standard for financial reporting, is planned to enable faster access and analysis of financial statements by regulators and investors. In fact, it is expected to become an SEC filing mandate within the next few years.
The planned new XBRL Manager feature within Oracle's Hyperion Financial Reporting is planned to be designed to enable customers to attach XBRL tags to their financial statements—whether data comes from Oracle's Hyperion Financial Management, Oracle's Essbase, or Oracle's Hyperion Planning.
The Documents contained within this site may include statements about Oracle’s product development plans. Many factors can materially affect Oracle’s product development plans and the nature and timing of future product releases. Accordingly, this Information is provided to you solely for information only, 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 remains at the sole discretion of Oracle.
This information may not be incorporated into any contractual agreement with oracle or its subsidiaries or affiliates. oracle specifically disclaims any liability with respect to this information. Refer to the LEGAL NOTICES AND TERMS OF USE for further information.
|
