Businesses around the world look to their finance teams to provide guidance about where to invest and grow–especially in times of uncertainty. Only Oracle provides a full suite of cloud-based Enterprise Performance Management applications to help you analyze, understand, and report on your financial position.
Oracle Cloud EPM connects financial and operational planning, streamlines the financial close and reporting process, and manages your financial master data while seamlessly integrating with your core ERP. The breadth of Oracle EPM is complemented by depth of functionality, with built-in best practices and predictive intelligence across all processes.
Oracle Cloud EPM gives you the flexibility to deploy and configure each EPM process independently, rather than forcing a big bang approach with implementing everything the same way at the same time. It is modular and allows for flexible deployment based on your timeline, your needs, and your priorities.
Oracle Cloud EPM processes refresh regularly on the same schedule, and you don’t need to manage updates and integrations across multiple cloud or hosted EPM vendors. You can define a common security model across the suite that simplifies and reduces the risk of security vulnerabilities.
Why? Unlike other software providers, our EPM solution has been purpose-built with best-in-class cloud innovation from the ground up. Oracle Cloud EPM is fully connected, with AI-embedded capabilities, and built for flexibility with business users in mind; you can start using it right now to realize business benefits across your enterprise.
Oracle was named a Customers' Choice Vendor in the 2021 Gartner Peer Insights "Voice of Customer": Cloud Financial Planning and Analysis Solutions**. Read further in this blog.
Oracle ranked first overall in the 2022 Ventana Research Value Index for Revenue Performance Management (RPM) and was named an Exemplary Vendor. Get the Ventana report.
Why wait for uncertain promises of future innovation when you can get regular innovation updates in Oracle Cloud EPM? You shouldn’t have to settle for different multivendor products or an EPM tool that requires costly custom development and long deployments because it has thin functionality. Oracle Cloud EPM is complete and fully developed by Oracle to support virtually any EPM requirement.
Connecting financial, operational, and line-of-business planning improves decision-making and gives organizations the agility to outperform the competition. By providing a unified view of financial, operational, and line of business planning, Oracle Cloud EPM improves planning accuracy and makes your company more agile. Advanced technologies, such as AI, machine learning, and predictive analytics, enable finance teams to integrate real-time data into planning, eliminating delays in decision-making.
In their recent report, “Retire legacy FCC solutions with Oracle Fusion Cloud EPM (PDF),” Nucleus Research interviewed several companies to understand why they had replaced their BlackLine deployments with Oracle Cloud EPM. According to the report:
We found that organizations that have selected Oracle Fusion Cloud ERP as their central ERP system could supplement their Oracle contract by including Oracle Cloud EPM. In doing so, these customers gained additional FCC and FP&A functionality at a lower total cost of ownership. Customers also accelerated their audit cycles by up to 20 percent by unifying their finance and accounting processes under Oracle. Leveraging Oracle Cloud EPM, interviewed companies were able to reduce operational costs while improving financial visibility and accounting productivity from the native integration between Oracle Cloud ERP and Oracle Cloud EPM.
Our Cloud EPM customers are succeeding across industries. Discover why they picked Oracle over the competition.
Kraft Heinz embraces a zero-based budgeting strategy, and the team chose that process as a first step in applying Oracle Cloud EPM capabilities, explains Frank Tagoe, Kraft Heinz senior manager of IT finance. “We started with Cloud EPM Planning in North America with zero based budgeting and expanded the planning footprint to link our global operations,” he says. “We wanted to better incorporate financial reports and forecasts, do strategic planning, and implement proper processes.”
*The Gartner Peer Insights Customers' Choice badge is a trademark and service mark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner Peer Insights Customers' Choice constitute the subjective opinions of individual end user reviews, ratings and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates.