Oracle Modern Finance Experience, New York, NY—Feb 13, 2018
To meet growing demand from customers engaged in transformation efforts and to improve business agility, Oracle today announced Oracle Enterprise Data Management Cloud. Part of Oracle Enterprise Performance Management (EPM) Cloud, the new offering provides a single platform for easy management of critical enterprise data assets (such as the Chart of Accounts), and improved data integrity and alignment.
Today’s rapidly changing business environment presents multiple data alignment challenges. Cloud adoption, mergers and acquisitions, reorganizations and restructuring can create data inconsistencies that require finance teams to reconcile disparate data sets and associated metadata. Changes to application metadata, dimensions, hierarchies, mappings and related attributes are often handled manually through spreadsheets, email, and in-person meetings.
To help finance leaders eliminate manual errors and inconsistencies, create a single view of all enterprise data, and realize their vision for front and back-office business transformation, Oracle Enterprise Data Management Cloud provides centralized, self-service enterprise data maintenance, and data sharing and rationalization.
“As organizations grow and evolve, business and finance leaders face an increasingly complex range of challenges in managing and governing their enterprise data assets that cannot be successfully addressed through traditional approaches,” said Hari Sankar, group vice president, EPM product management at Oracle. “With Oracle Enterprise Data Management Cloud, we are providing a modern platform that streamlines business transformation efforts and enables organizations to maintain data integrity, accuracy and consistency across all their applications – in the cloud and on-premises.”
Key benefits that Oracle Enterprise Data Management Cloud can provide include:
The addition of Oracle Enterprise Data Management Cloud rounds out Oracle’s industry-leading EPM Cloud suite, which has been adopted by thousands of organizations around the world. The new offering has already garnered significant attention with customers such as SunTrust Bank, Baha Mar, Diversey, and others selecting the service to support their business transformation efforts.
For additional information on Oracle EPM Cloud, visit Oracle Enterprise Performance Management (EPM) Cloud’s Facebook and Twitter or the Modern Finance Leader blog.
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