Oracle combines the best elements of analytics with powerful autonomous data management to create a modern solution for Finance that is simple, repeatable, and fast. With Oracle's technology, roadblocks are eliminated, key data is connected into a single source of truth, and unlocking highly actionable insights is faster than ever before.
Executives now expect more from finance than accurate financial statements and reports. They need forward-looking, predictive insights from a growing mountain of data that can help shape tomorrow’s business strategies and improve day-to-day decision-making in real time. Beyond the “what”, finance must now report on “why” and “how”.
How do you achieve that?
Financial professionals partner closely with every line of business including marketing, human resources, manufacturing, and sales. While they strive to provide them with the needed insights to drive growth and profitability, many finance teams are still doing planning and analysis the old way, and remain saddled with traditional, labor-intensive processes.
With Oracle, they can:
With Oracle, Finance can find hidden patterns in data and remove human bias using machine learning, accelerate time to insights by drastically reducing manual processes, and analyze all available data with a simple and highly scalable solution.
Data comes from everywhere, not just your ERP or EPM systems. It comes from various departments, third-party information, Internet of Things (IoT) applications, and many more sources. This solution streamlines data processing to unlock the value of analyzing all data, uncovering relevant insights to make informed, data-driven decisions.
All steps in your data workflow are optimized. Data and analytics processes are faster. Built-in capabilities, such as machine learning, accelerate model building. Efficiency is optimized, with end-to-end process improvement—from data to insight to decisions.
With this solution, data is consolidated into a single source of truth, resulting in trustworthy analytics insights and results. When propagated to other departments, parties, or applications, Oracle Analytics creates consistency and accuracy with a unified view of data, metrics, and insights.
With this solution, finance teams can automatically find patterns and trends in data, perform root cause analysis, and model “what if” scenarios using machine learning. They can provide executives and other lines of business with real-time, powerful insights on any device, and get new projects started in hours to address ad hoc needs.