Oracle EPM Cloud

Oracle EPM (Enterprise Performance Management) Cloud

Oracle EPM Cloud Services

If you have glanced at Oracle's EPM (Enterprise Performance Management) webpage, you'll notice a few changes - they no longer list PBCS, EPBCS, ARCS, FCCS, etc. What you now see is Planning, Profitability and Cost Management, Narrative Reporting, Financial Consolidation and Close, Account Reconciliation, Tax Reporting, and Enterprise Data Management.

And, if you've looked at their pricing page, you will see that Oracle no longer separates cloud services for their EPM solutions. Oracle now offers two options - EPM Standard Cloud and EPM Enterprise Cloud - which are designed to address needs across financial and operational planning, consolidation and close, data management, internal and external reporting, and profitability management processes.

A closer look at Oracle EPM Cloud

Features that are common across all business processes include:

Microsoft Office integration, including comprehensive integration with Excel for ad-hoc analysis and interactions with your business processes
Interactive reporting capability and interactive dashboard capabilities to allow KPI monitoring and visualization of trends and anomalies
Workflow engine to manage approvals and workflow in each business process
Role-based access across all EPM Business processes

Feature of each specific business process include:

Planning

Long-range scenario modeling
Fully integrated pre-built financial and operational planning processes
Sandboxing and what-if modeling
Intelligent predictive planning
Free-form modeling capability with unmatched scalability

Profitability and Cost Management

Pre-built analytics gain visibility across your allocations
Built-in data integration to/from any system with drill-back ability
Transparency across drivers and allocated costs going out.
Intuitive allocation building interface without needing code

Narrative Reporting

Integrate structured and narrative content
Combine system of record data into reporting
Regulatory publishing in XBRL, iXBRL, PDF and ESMA ESEF, SEC EDGAR HTML formats
Patented Auto-Tagging for regulator-provided Excel template

Financial Consolidation and Close

Automatic default intercompany eliminations
Currency translation, along with automatic foreign exchange and currency translation adjustment
Robust journal module including supported workflow
Automated cash flow reporting
Supplemental data - supporting schedules for supplemental data collection
Intelligent Process Automation and automated consolidation

Account Reconciliation

Mapping features to summarize low-level balances to the level appropriate for reconciliation
Flexible formats adaptable to each type of account
Powerful filtering and reporting capabilities
Auto transaction match engine capable of matching millions of transactions in minutes

Tax Reporting

Connect directly to source financial data
Includes CbCR template, data collection, data automation
Pre-built KPIs for audit flags
A configurable Task Management and Calendaring framework
A supplemental data management tool for a centralized repository for manual input
Report on data across tax, consolidation, planning, and ERP

Enterprise Data Management

Shopping-cart style change request experience
Pre-built adapters to facilitate on-premises and cloud application alignment
Built-in data visualization to analyze the impact of changes
Publish to any source or target Oracle and non-Oracle
Drag and drop hierarchy management
Granular change audit of each request item and action

Oracle EPM Cloud consistently tops the analyst rankings and is a recognized industry leader, with thousands of customers running their EPM processes in the cloud. As an Oracle Gold and Oracle Cloud Partner, MindStream can help you with your journey to the cloud. We have a team of consultants with over a decade of experience who offer an important blend of both business and technical expertise.