New sustainability capabilities in Oracle Cloud EPM help business leaders efficiently plan, track, and report on initiatives and comply with new reporting standards
Oracle CloudWorld, London—Mar 14, 2024Oracle today announced Oracle Cloud EPM for Sustainability, a new solution in Oracle Fusion Cloud Enterprise Performance Management (EPM) that helps organizations efficiently measure and effectively manage sustainability initiatives. The new solution will help business leaders gain the insights they need to make progress on sustainability goals by connecting data, plans, and targets across their organization, and by modeling multiple scenarios to optimize outcomes.
Environmental data is sourced from many locations, business units, and systems within an organization and from suppliers and business partners. It is often manually consolidated in spreadsheets, so reporting and analyzing this data can be a slow, inefficient, and error-prone process. To address these challenges, improve the reporting process, and efficiently and accurately compile the information needed for emerging reporting guidelines, organizations need to leverage a purpose-built solution with embedded automation, AI, and machine learning.
“Many organizations are beginning to treat sustainability reporting requirements with the same rigor, governance, and technical expertise as financial reporting,” said Hari Sankar, group vice president, Product Management at Oracle. “With Oracle Cloud EPM for Sustainability, our customers can leverage a trusted solution that embeds AI and other advanced technologies to help improve efficiency, deliver insights, promote compliance, and effectively manage their progress on sustainability initiatives.”
Oracle Cloud EPM for Sustainability helps organizations accelerate their sustainability efforts. The new solution enables organizations to:
Part of Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Cloud EPM offers a comprehensive set of enterprise performance management capabilities that help organizations align financial and operational planning, close the books faster, and manage enterprise master data.
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