What is EPM Cloud?

What is Enterprise Performance Management (EPM) Cloud?

EPM (Enterprise Performance Management) Cloud is an Oracle cloud solution that offers the following services: Planning Financial Consolidation and Close Tax Reporting Profitability and Cost Management Account Reconciliation Oracle Enterprise Data Management Cloud Narrative Reporting

Oracle EPM Cloud provides the full suite of business processes and best practices to deliver value to CFOs and their teams. Today, modern EPM must deliver substantial enhancements to the planning function, including better capabilities for long-range strategic planning, better financial and operational planning features, and a single enterprise view of the plan, budget and forecasts. The integration of planning activities makes it possible to better balance both strategic and tactical options for changes or new processes that will drive business success. This functionality eliminates mistakes that can be made when different plans rely on inconsistent processes.

Augmenting traditional planning processes with advanced predictive planning that utilizes many statistical forecasting methods has also become increasingly important. Such capabilities remove bias and improve the accuracy of plans and forecasts, leveraging formal forecasting techniques such as regression and time-series analyses along with expert opinion and other, less formal methods. Oracle EPM Cloud includes a full suite of predictive planning and forecasting tools, enabling organizations to optimize the impact of EPM.

Oracle Enterprise Performance Management Cloud is a platform that delivers prebuilt, best-practice planning tools for both the finance function and the lines of business that enables organizations to get more value more quickly. Rather than customizing advanced planning processes and having to maintain those customizations, your organization can leverage the tools immediately. This improves time to value and gives the financial team access to new capabilities that can be easily configured and updated.

Complex, free-form operational modeling functionality allows the financial team to run multiple what-if financial and operational scenarios quickly and with more complete data. With a free-form approach, it is possible to utilize a wider range of options or parameters and combine them in multiple ways. This supports the development of better-aligned operational modeling analyses for different operational aspects of the organization.

Full visibility across the entire financial close process is possible with comprehensive data that covers all aspects of enterprise performance by viewing the entire close process, from sub-ledger close to reporting and removing risk. Problems in the close process, such as bottlenecks and inefficiencies, are removed, improving speed. Such visibility makes it much simpler to understand the overall financial close process and identify what is causing the bottlenecks and inefficiencies and enhances the consistency of the "rollup". Oracle EPM Cloud was conceived to meet the demand for full visibility across the entire close process, eliminating silos or free-standing activities that fragment critical information.

One of the most important benefits of next-generation EPM is enterprise data management, which gives organizations a single comprehensive and consistent set of master data that forms the foundation for many different EPM business processes and other non-EPM applications. Processes such as narrative reporting, disclosure, financial reporting, and ad hoc analysis should all provide ways to leverage the underlying EPM data and give companies a completely accurate view of performance and other information.

Oracle EPM Cloud is a proven enterprise-ready SaaS solution enhanced with predictable updates that add important new capabilities and functionality. It is deployed on Oracle Cloud to provide customers with the benefit of cloud economics.

MindStream Analytics is a premier consulting and managed services provider. We help organizations acquire, implement, host, and manage strategic finance solutions designed to grow your business by bringing people, processes, and information together. Our team is made up of business and technical experts with years of experience with Oracle EPM and Advanced Analytics.

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