Oracle Cloud EPM Financial Consolidation and Close
Oracle is a global provider of enterprise cloud computing, offering software, platform, infrastructure and data as a service. The company employs more than 160,000 people worldwide and serves 430,000 customers in 175 countries.
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 portfolios contain a comprehensive set of strategic offerings, which are packaged as Oracle Fusion Cloud EPM and Oracle Analytics Cloud. However, the company’s widely used on-premises solutions (e.g., Oracle Hyperion EPM) continue to be enhanced 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 relevant EPM processes (e.g., planning, budgeting & forecasting, profitability & cost management, financial consolidation & close, account reconciliation, financial & management reporting, tax provision & reporting, transfer pricing, ESG / Sustainability reporting, analytics and enterprise data management). Oracle Cloud EPM is a cloud-native SaaS solution, delivered end-to-end from Oracle data centers around the world, owned and operated by Oracle itself. All Oracle Cloud EPM solutions are based on a consistent technical platform architecture, are running on Oracle database technology and can be deployed in a modular fashion according to customer needs and priority. For data integration from data sources, Oracle Cloud EPM provides native, wizard-based features including predefined connectors and prebuilt adapters to Oracle and non-Oracle operational systems (e.g., ERPs). 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, budgeting and forecasting or Oracle Hyperion Financial Management for financial consolidation and close). Oracle Cloud EPM has some ‘shared DNA’ with the on-premises Oracle Hyperion EPM portfolio, for example, leveraging the optional Microsoft Office add-in Oracle Smart View to work in Excel, Word and PowerPoint across both cloud and on-premises.
User & Use Cases
This year we had 35 responses from Oracle Cloud EPM Financial Consolidation and Close users. At the time of the survey, all of them were using the latest version of the product in the cloud (SaaS).
