Oracle Fusion Cloud EPM update

Streamline your journals process

Oracle Cloud EPM’s new enterprise journals capability streamlines the creation, management, and posting of journal entries from your EPM activities to your ERP system. With it, you can:

• Easily post journals from EPM activities—including account reconciliation adjustments, consolidations, tax-related journals, allocations, and more—directly or automatically from Oracle Cloud EPM to any cloud or on-premises ERP system.
• Know precisely where your journals process stands—track, manage, and post journals from a central location.
• Increase the speed and accuracy of your financial close, reporting, and forecasting by using prebuilt templates and workflows designed for the journals entry process.

Speed up data analysis to take faster action

Oracle Cloud EPM insights uses data science to automate data analysis enabling finance professionals to spend less time analyzing data, giving them more time to act on valuable insights and opportunities. With it, you can:

• Find and address hard-to-spot patterns and exceptions quickly as EPM insights identifies and highlights biases, anomalies and correlations in your data.
• Analyze large amounts of operational and financial data in far less time so that you can focus on taking action.
• Collate all “hot spots” in your business in one central dashboard to make sure that proper review can take place and key patterns never get overlooked and can be monitored over time.
• Easily configure insights and tune the insights engine to determine materiality and importance with a wizard-driven user interface without relying on data scientists.

• Blog: The future of finance is data driven. Are you ready?
• Blog: Automation of analysis is the key for finance to become data-driven
• Blog: How to turbo-charge your forecasts and decisions with machine learning models
• Video: Spend more time taking action with Oracle Cloud EPM Insights (1:05)
• Solution brief: Oracle Cloud EPM Insights (PDF)

Drive better decisions with multidimensional analysis, planning, modeling, and reporting

Oracle Fusion Cloud Enterprise Performance Management (EPM) Freeform delivers the familiar power and flexibility of Essbase, the leading multidimensional engine, with the scalability and governance of SaaS. If you can imagine it, you can build it. With Oracle Cloud EPM Freeform, you can:

• Create tailored, connected planning and reporting solutions across a very wide range of financial and operational use cases in a flexible SaaS platform, with very little need for IT or consulting help.
• Reimagine and scale on-premises Essbase cubes and Excel-based models by migrating them to Oracle Cloud EPM and making them available to many more users.
• Meet multiple internal and external reporting needs with unified reporting and centralized access across different EPM business processes and ERP systems.
• Take advantage of a diverse set of built-in reporting and analytics tools, including dashboards, web, and Excel-based Smart View.

Supercharge your work with a new assistant

Oracle Cloud EPM features an AI-guided embedded digital assistant that helps you work better and faster. With a conversational UI that understands the way you naturally speak and text, it’s easy to get instant responses, recommendations, and updates of critical tasks. With it, you can:

• Access our digital assistant from your desk or on the go, using our web interface or third-party collaboration applications.
• Know where your numbers stand—check balances, manage journals, monitor items such as “recons due today,” and verify close status for any period.
• Optimize and expedite your financial close process with strategic KPIs.
• Perform your daily tax reporting tasks with ease.

Leverage next-generation reporting

Oracle Cloud EPM provides a revolutionary reporting experience—from report development to design, distribution, and viewer experience. With it, you can:

• Create and distribute reports using our intuitive, robust reporting framework.
• Enhance your reporting with new charting and visualization tools, advanced grid controls, and conditional text generation.