Oracle Cloud EPM

Oracle is a global provider of software and hardware with headquarters in Austin, Texas, USA. The company employs more than 135,000 people and serves over 430,000 customers in 175 countries.

Oracle has been pursuing a “cloud first” strategy since 2014. Today the company has a major strategic focus on enhancing its cloud-based portfolio for enterprise cloud computing, offering software as a service, platform as a service, infrastructure as a service and data as a service capabilities.

Oracle’s portfolio includes a comprehensive stack of cloud applications, platform services and engineered systems. The vendor’s cloud enterprise performance management (EPM) and analytics portfolio contains various offerings, which are packaged as Oracle Cloud EPM and Oracle Analytics Cloud. The company’s widely used on-premises solutions (e.g., the well-known Oracle Hyperion EPM portfolio) also continue to be developed and fully supported. A variety of other cloud and on-premises offerings and applications complete Oracle’s broad product portfolio.

Oracle’s comprehensive EPM portfolio includes various products and applications covering all the key EPM processes (planning and budgeting; profitability and cost management; financial consolidation and close; account reconciliation; tax reporting; narrative reporting and enterprise data management). The entire EPM portfolio is available in the cloud. All Oracle Cloud EPM solutions are based on a consistent technical architecture and can be deployed in a modular fashion according to customer needs and priority. For customers who prefer to manage EPM applications on-premises, Oracle’s Hyperion EPM portfolio is still available (e.g., Oracle Hyperion Planning for planning and budgeting and Oracle Hyperion Financial Management for financial consolidation and close).

Oracle Analytics Cloud, Oracle’s flagship product for analytics, incorporates business-user-oriented capabilities for data preparation, data visualization, enterprise BI and scenario management. It offers modules for developing and deploying dashboards, formatted reporting, ad hoc reporting and self-service discovery/analysis. Oracle Analytics Server, the on-premises version of Oracle Analytics Cloud, brings all the capabilities of the cloud platform to organizations requiring on-premises deployment options.

Complementing the portfolio, machine learning (ML) algorithms are embedded out of the box with Oracle Analytics Cloud. R and Python scripts can be embedded in Oracle Analytics Cloud for custom advanced analytic capabilities. Additionally, ML algorithms embedded in the Oracle database can also be used for ML applications. In 2018, Oracle acquired the ML platform datascience.com, relaunched in CY1Q20 as OCI Data Science, which can be leveraged for ML-related use cases. On the EPM side, Oracle has been investing significantly in embedded AI/ML and automation capabilities through two initiatives: Intelligent Performance Management (IPM) and Intelligent Process Automation (IPA).

User & Use Cases

Besides planning, customers mainly use Oracle Cloud EPM for ad hoc query and reporting (86 percent), standard/enterprise reporting (74 percent) and basic data analysis (72 percent). 52 percent of respondents plan to use it for advanced analysis in the future. Oracle Cloud EPM targets large and mid-sized companies across all industries. 56 percent of our sample of Oracle Cloud EPM customers come from large companies (more than 2,500 employees) with a median of 60 users (including 50 using planning functionality), but the mean of 168 users (117 for planning) indicates there are also several larger implementations. 81 percent of Oracle Cloud EPM users are planning users – significantly above the survey average of 66 percent – reflecting the fact that Oracle Cloud EPM offers comprehensive planning functionality as well as applications covering other EPM processes.

Current vs. planned use (besides planning)

N=35

Percentage of employees using Oracle Cloud EPM

N=39

Planning users (as a percentage of all users)

N=39

Total number of users per company

N=39

Planning users per company

N=39

Company size (number of employees)

N=39

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Oracle Cloud EPM

Peer Groups Business Software Generalists, Financial Performance Management Products, Global Vendors, Integrated Corporate Planning Products, Large/Enterprise-Wide Implementations
VendorOracle
Number of responses39
ProductOracle Cloud EPM
OfficesWorldwide offices in more than 120 countries
Employees>135,000
Customers>430,000 (in total, not only Oracle Cloud EPM customers)
Revenues (2020) $39.1 billion
Websitewww.oracle.com