Oracle Cloud EPM Platform

Oracle Enterprise Performance Management (EPM) is a comprehensive solution for corporate performance management. It enhances planning, budgeting, and forecasting through the use of artificial intelligence and machine learning. The platform enables faster financial close, more accurate profitability analysis, and seamless data integration across various business functions, improving both efficiency and decision-making accuracy. Oracle EPM is a modern, cloud-based platform designed to support strategic financial management.

Oracle Cloud EPM is a trusted solution used by thousands of organizations worldwide, providing a full suite of tools for planning, financial close, and performance management.

Key Features of Oracle EPM

Key Modules of the Oracle EPM Solution

Planning

Oracle Cloud EPM Planning is a cloud-based solution that enables organizations to efficiently manage financial and operational planning, forecasting, and budgeting. The service offers flexibility in data modeling and supports decision-making processes across various business functions.

Key Features:

• Advanced Financial Modeling: Supports both simple and complex planning models, allowing users to create “what-if” scenarios for better decision-making.
• Intelligent Forecasting: Utilizes built-in statistical and predictive models to analyze historical data and generate more accurate forecasts.
• Flexibility and Scalability: Adapts to the organization’s needs, enabling integration with various ERP systems and other data sources.
• Unified Platform: Provides a single environment for financial, operational, and strategic planning.
• Quick Deployment and Industry Content: Enables fast onboarding with pre-built models and industry best practices.
• Integration with Microsoft Excel and Smart View: Allows users to work in the familiar spreadsheet environment, ensuring smooth adoption.
• Advanced Reporting and Analytics: Offers intuitive dashboards and detailed reports that support data-driven decision-making.

With Oracle Planning, organizations can streamline their planning and budgeting processes, improve forecasting accuracy, and enhance financial management efficiency.

Overview of Oracle Cloud EPM Planning Features

Overview of Oracle Cloud EPM Profitability and Cost Management Features

Profitability and Cost Management

Oracle Cloud EPM Profitability and Cost Management is an advanced tool that supports companies in analyzing and optimizing costs and profitability. It enables precise financial modeling, dynamic cost allocation, and “what-if” scenario forecasting, helping organizations make more informed decisions.

Key Features:

• Advanced Cost and Profitability Analysis: Identifies key factors impacting financial performance, providing deep insights into cost structures and profitability.
• Dynamic Resource Allocation: Precisely allocates costs to products, customers, and sales channels, enabling better tracking and control over financial outcomes.
• Scenario Modeling: Allows businesses to test different strategies before implementation, helping to evaluate potential outcomes and risks.
• Security and Automation: Simplifies data management processes without the need for extensive IT involvement, ensuring data security and reducing manual effort.

Oracle EPM Profitability and Cost Management offers businesses a flexible and scalable solution to optimize spending and maximize profits.
Financial Consolidation and Close

Financial Consolidation and Close

​Oracle Cloud EPM Financial Consolidation and Close is an advanced tool designed to automate and accelerate the financial consolidation process. It ensures compliance with international standards (GAAP, IFRS), automatic elimination of intercompany transactions, and support for multiple currencies. The solution allows businesses to manage key performance indicators (KPIs), optimize reporting, and maintain full audit transparency. By leveraging AI and ML, it streamlines the financial close process and reduces the risk of errors.

Key Features of Oracle Financial Consolidation and Close:

• Automatic Currency Translation and Exchange Rate Adjustments: Enables efficient management of multi-currency operations, ensuring accurate financial reporting across currencies.
• Automatic Intercompany Transaction Elimination: Quickly and accurately removes intercompany balances and transactions, ensuring data consistency during the consolidation process.
• Built-in Dashboards and Analytics: Provides immediate insights into key financial and operational indicators for better decision-making.
• Predefined Dimensions for In-Depth Analysis: Facilitates detailed exploration of financial data from multiple perspectives, aiding comprehensive analysis.
• Flexible Application Configuration with Prebuilt Forms and Reports: Allows quick system customization to meet specific organizational needs.
• Automated Cash Flow Management: Helps monitor and forecast cash flows within the organization, improving liquidity management.
• Dynamic, Ready-to-Use Calculations with Minimal Customization: Reduces setup time and effort needed for complex calculations, speeding up the process.
• Simplified Consolidation Dimension for Easy Auditing: Ensures transparency and control throughout the financial consolidation process, making it easier to meet audit requirements.
• Close Calendar Task and Workflow Management: Organizes and tracks tasks related to financial period closings, increasing process efficiency.
• Supplementary Data Management: Facilitates the collection and analysis of additional information to support financial processes.

This solution significantly streamlines financial processes, enhances reporting accuracy, and reduces the time required to close financial periods, contributing to more efficient and transparent financial management.

Overview of Oracle Cloud EPM Financial Consolidation and Close

Overview of Oracle Account Reconciliation

Account Reconciliation

Oracle Account Reconciliation is a comprehensive solution within Oracle Cloud EPM that automates and streamlines financial account reconciliation processes for organizations. It consists of two main modules:

Reconciliation Compliance
This module allows users to manage reconciliation processes, such as balance sheet or consolidation reconciliations. Users can define reconciliation lists that include balances to be verified, account descriptions, instructions, and deadlines. The system automatically sends email notifications to remind users of upcoming deadlines or actions to be taken.

Transaction Matching
An integrated module that automates the reconciliation of high-volume transactions, reducing the time and increasing the accuracy of the process. It allows seamless integration of reconciliation results with tracking functions in Reconciliation Compliance, enabling efficient exception management and improving the quality of financial data.

With Oracle Account Reconciliation, companies can significantly streamline their financial processes, enhance compliance with regulations, and reduce the risk of errors in reporting.

Tax Reporting

Oracle Cloud EPM Tax Reporting is a comprehensive solution for companies operating in international environments, enabling tax process management in compliance with GAAP and IFRS standards. The system automates tax calculations, data collection, and reporting, helping organizations accurately manage taxes on a global scale.

Key Features:

• Tax Calculation Automation: Provides quick and accurate tax provision calculations, ensuring precise tax reporting and compliance.
• Integration with Financial Close Processes: Uses the same metadata as the financial close, ensuring consistency in reporting across the organization.
• Advanced Reporting: Generates reports that meet financial requirements, including analysis of effective tax rates and detailed tax disclosures.
• Support for Multiple Jurisdictions: Ensures compliance with tax regulations in different countries, including Country-by-Country Reporting (CbCR) requirements.

With Oracle Cloud EPM Tax Reporting, companies can automate and streamline their tax processes, minimizing the risk of errors and ensuring compliance with international accounting standards.

Overview of Oracle Cloud EPM Tax Reporting

Overview of Oracle Narrative Reporting

Narrative Reporting

Oracle Narrative Reporting is a cloud-based solution that enables the management of narrative and management reporting. It provides a secure, collaborative, and process-oriented approach to defining, creating, reviewing, and publishing financial and management report packages. Additionally, it offers multidimensional analysis, allowing users to store, analyze, and retrieve data from the cloud using built-in analytical tools or by leveraging existing data sources for analyzing and creating content for doclets.

Key Benefits:

• Combining Data and Narrative: Use report packages and doclets to create content, collaborate, comment, and deliver information in a structured manner.
• Secure Collaboration: Provides role-based access for participants in the reporting process, ensuring sensitive information is protected. Report owners can also track the progress of the reporting lifecycle.
• Confidence in Reporting: Ensures reliability and accuracy of data, offering faster and more precise information for all stakeholders.

With Oracle Narrative Reporting, organizations can effectively manage the reporting process, integrating financial data with narrative context, leading to better insights into results and more informed business decision-making.

FreeForm

Oracle FreeForm is a flexible and configurable reporting and planning solution built on the Oracle Fusion Cloud EPM platform. It enables businesses to efficiently manage their cloud strategy by eliminating data fragmentation between various cloud services and on-premise systems. FreeForm provides immediate value and enhances productivity in reporting and planning across all departments within an organization.

Key Features of Oracle FreeForm:

• Proven Platform and Technology: FreeForm is built on the Cloud EPM architecture, offering an integrated solution for reporting and planning that supports both simple and complex use cases across various industries.
• Top-tier Functionality: Users can easily create forms, reports, and “what-if” models in real-time using interactive dashboards. FreeForm also allows for ad-hoc analysis and the creation of advanced reports with annotations, comments, and attachments.
• Scalability and Flexibility: Leveraging the Oracle Essbase OLAP engine and web and Microsoft Office interfaces (via Oracle Smart View for Office), FreeForm ensures fast rendering of complex grids with large volumes of data. Built-in time and data intelligence provides on-demand data dispersion and fast aggregation.
• Enterprise-Ready: FreeForm is a comprehensive solution that integrates seamlessly with larger transactional systems from both Oracle and other providers. It supports both small and large implementations, offering data backup, migration, and ERP system integration features. It allows for data import and export using flat files and Excel, with advanced mapping capabilities for more complex data integration scenarios.
• Essbase Portability: Current FreeForm users can leverage built-in migration features to move their Essbase applications from on-premise environments to the cloud, supporting a “cloud-first” strategy for reporting and planning.
• Unified Deployment: FreeForm enables reporting, analysis, and planning within a single structure. The Oracle Fusion Cloud EPM subscription includes all necessary tools for reporting and planning, available through web interfaces and Smart View. This eliminates the need for software licensing, installation, updates, maintenance, or hardware purchasing and configuration.

With Oracle FreeForm, organizations can effectively manage their reporting and planning processes using a flexible, scalable, and integrated cloud solution.

Enterprise Data Management

Oracle Enterprise Data Management Cloud (EDM) is a modern data management application that enables businesses to efficiently manage application-specific business perspectives, control changes, share, and map datasets to accelerate cloud deployments and build an authoritative reference system.

Key Features of Oracle EDM:

• Business Perspective Management: Enables the creation and maintenance of various data views tailored to the specific needs of applications and business processes.
• Change Control: Users can manage data changes through a request system, ensuring consistency and accuracy of information across the organization.
• Subscriptions: This feature allows for automatic synchronization of alternative business perspectives by subscribing to a target view from a source view, simplifying change management in data structures.
• Data Set Mapping: Enables the creation of relationships between data through parent-child relationships and complex multidimensional combinations, supporting data integration and comparison across different sources.

With Oracle EDM, businesses can respond more quickly to business changes, minimize risks associated with mergers and acquisitions, improve the quality of business analysis, and ensure compliance with applicable standards.​

Overview of Oracle Enterprise Data Management Cloud