Because of the use of Autonomous Database, Oracle Cloud EPM requires no dedicated database management when operating over 6,000 EPM customer instances.
“Much like how Cloud EPM provides greater value to our customers by automating the operation, patching, and maintenance of the application, Oracle Autonomous Database provides us the same value so we can spend more time improving our service for our customers.”
Today Oracle is able to close the books and report earnings in just 10 days, faster than any other S&P 500 company. Oracle Cloud Enterprise Performance Management (EPM) is a key enabler of those time savings. Oracle Cloud EPM helps model and plan across finance, HR, supply chain, and sales, while streamlining the financial close process and driving better decisions. Automation and AI capabilities built within Cloud EPM allow finance leaders to be more agile and plan more accurately.
In order to deliver that value, Oracle Cloud EPM pulls data from a wide range of sources including Fusion Financials, PeopleSoft, or SAP, transforming it and consolidating it in a database instance for access by all the EPM business processes. When the time came to move to the new Oracle Cloud Infrastructure (OCI), the EPM team had the opportunity to evaluate all the available options for the appropriate database.
Why Oracle chose Autonomous Database
There were several reasons why the Cloud EPM team selected Oracle Autonomous Database for transaction processing and mixed workloads. Of course, autonomous operations meant that the team didn’t have to spend resources on upgrades and similar operational issues, which saved time. Scaling up an Autonomous Database requires only one or two clicks with no required expertise or downtime, and even that can be automated using application code and REST APIs. Finally, Autonomous Database has advanced security enabled by default, and it also integrates well with other OCI services like object storage and Oracle Key Vault with HSM.
Today the EPM team supports over 6,000 EPM customer instances on Oracle Cloud Infrastructure. They require zero dedicated resources for managing Autonomous Database, the primary data store for all those customers.
Autoscaling is switched on, which means that Autonomous Database instances can scale as needed to up to 3 times the base OCPU allocation. This helps to handle transient demand automatically without raising base consumption, and does save costs.
The team is currently investigating Autonomous Data Guard, which would allow Cloud EPM to have a disaster recovery option for customers.
The EPM team relies on Autonomous Database because, like all versions of Oracle Database, it meets key requirements for security and integration. Autonomous operations mean that staffers can spend more time improving the service for Oracle customers.