EPM in the Cloud
EPM systems have led the finance transition from spreadsheets to more robust solutions, enabling businesses to move their focus away from low-value tasks like reconciliations towards high-value tasks like analysis and forecasting.
Benefits of Oracle EPM Cloud
Optimize the financial close
Modern businesses must adapt quickly to change in an uncertain regulatory environment and deliver faster, more accurate insights to all stakeholders. Oracle EPM Cloud Financial Consolidation and Close helps you streamline the financial close and confidently generate accurate reports.
Streamline account reconciliation
Account reconciliation is usually the main reason for your close financial process delays. Oracle EPM Cloud Account Reconciliation helps you to manage and streamline global account reconciliation efficiently. An Oracle EPM Cloud consulting partner can help you leverage automation and handle the security and operational risks associated with financial close.
Support integrated planning
Modern businesses need more than just spreadsheets and siloed department-level planning processes. Oracle EPM Cloud Planning enables integrated planning that seamlessly connects your entire organization for better planning and outcomes. An Oracle EPM Cloud Consulting Partner can help you align planning across the enterprise to develop accurate forecasts for all functional departments and adapt to change quickly and effectively.
Control costs and drive profitability
Businesses must be able to keep costs down and drive profitability to survive in uncertain times. Oracle EPM Cloud Profitability and Cost Management provide deep insights into dimensions of cost and profitability, helping you determine where to deploy limited resources. The right Oracle EPM Cloud partner can help you get up and running within weeks instead of months.
Streamline tax reporting
Continuously changing tax laws are causing complexities in how global organizations plan and manage their tax processes. An Oracle EPM Cloud implementation can transform your tax reporting. Oracle EPM Cloud Tax Reporting connects the data and processes common to the tax and finance departments, such as data used in financial planning, account reconciliation, financial close, and statutory reporting.
Add context to your report
Oracle EPM Cloud Narrative Reporting helps you manage your internal and external reporting processes, no matter how many reporting standards you must comply with. Remove the need for multiple reporting systems, use existing reports, and collaborate across the report creation process to define, author, publish, and share your reports. An Oracle EPM Cloud implementation can provide context to your report by combining financial statements and data with a text-based narrative.
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