Category Archives: gartner

TOP 10 EPM MOMENTS OF 2014

2014 was a busy year for Oracle EPM, with new product launches, research studies, as well as customer events like Oracle OpenWorld. Let’s look back at the top highlights.


1. Oracle released Planning and Budgeting Cloud Service (PBCS). No longer are organizations constrained by their hardware and IT resources – organizations embraced the idea of SaaS for company-wide planning and budgeting in 2014. With Oracle Planning and Budgeting Cloud Service, companies can access world-class planning with the simplicity of the cloud. Find out more about PBCS in this ebook or get details here.

2. Oracle released its 2014 EPM Trends report. Oracle surveyed hundreds of IT and finance decision makers to learn about their Enterprise Performance Management plans for 2014—both within the Oracle customer base and the industry at large. Respondents provided specific feedback on their current use and plans for financial planning, budgeting, forecasting, costing, financial close, use of technology and the cloud, sustainability reporting and more. From this data set we compiled the following trends link.

3. Oracle was again recognized as a Market Leader in the 2014 Gartner Magic Quadrant for Corporate Performance Management Suites .  For the eighth consecutive year, Gartner recognized Oracle as a Market Leader in its 2014 Magic Quadrant for Corporate Performance Management Suites.  In this year’s report, among the market leaders, Oracle is positioned with the highest ability to execute and the farthest in completeness of vision. To view the report, click here.

4. Oracle published The OVUM EPM ROI Study. This comprehensive study of large, experienced EPM customers provided very tangible best practices and results. For example, Oracle Enterprise Performance Management delivers >200% return on investment. Oracle Enterprise Performance Management delivers +NPV by the end of Year 1. For more details and results, click here

5. Oracle published the CFO Research Report: Modern Finance in the Digital Age.

In the new era of cloud, social, mobile, and big data technologies, the CFO is uniquely positioned to create modern, technology-enabled business models and stronger C-suite collaboration. Learn more about the best practices CFOs must apply to create an effective modern finance organization. Click here.

6. Oracle announced B/E Aerospace as the 2014 EPM Innovation Award Winner. In just nine months, B/E Aerospace completed a full-scale implementation that was delivered on time and under budget. As a result, they were able to reduce by 80 percent the amount of time it takes to mine data from more than 30 sources, plus, they can acquire new companies and integrate their financials in three to four weeks instead of six months—dramatically speeding assimilation and reinforcing their acquisition strategy. All strategic and financial goals were met on time and, in some cases, under budget. To learn more about our winner, watch this video

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7. EPM goes Mobile!
Today’s businesses need to identify business performance insights and optimize decisions anywhere, anytime. The mobile capabilities in Oracle’s EPM System deliver these insights and unlock productivity gains and business value across the enterprise. View EPM Mobile capabilities in this video or click here for details.

8. Oracle announced its new Operational Transfer Pricing solution. Operational Transfer Pricing is a profit allocation methodology required of multinational corporations. Specifically, the ultimate goal of transfer pricing is to ensure that intercompany allocations result in true economic profitability by legal entity. In today’s global economy, profitability can be significantly impacted by goods and services exchanged between the related divisions within a multinational company. For more information, listen to this podcast, or click here for more details.

9. Oracle OpenWorld video series published on YouTube. There are so many excellent presenters at Oracle OpenWorld each year, but it is impossible for some to attend the event, and impossible for those that do attend to get to every session. Many of our Business Analytics speakers agreed to share some of the highlights of their presentations so that everyone would have a chance to learn. To view videos, click here.

10. Collaborate 2014 video series published on YouTube.

Collaborate is a North American conference comprised of the three major Oracle User groups – IOUG, OAUG and Quest. For those that missed a session or the conference, several speakers shared their Business Analytics presentation stories with us on video, and they were published on our Business Analytics YouTube channel. To view videos, click here.

As we move into 2015, there are many exciting developments in store, and you can expect to see us talking more about cloud and new digital technologies in EPM.

Disclaimer:
1)Oracle, Oracle Hyperion, Hyperion and Java are registered trademarks of Oracle and / or its Affiliates
2)Microsoft is a registered trademark of Microsoft and / or its affiliates
3)Any other trademark, name, logo, images, etc. are copyright and trademark of its respective owner which also includes Innov8 Infinite Technology Pvt.Ltd.

Gartner Positions Oracle as a Leader in CPM Suites


On April 2, Gartner released its 2015 Magic Quadrant for Corporate Performance Management Suites report. In the report, Oracle was recognized as a Market Leader for the ninth consecutive year.

Gartner’s Magic Quadrant reports position vendors within a particular quadrant based on their completeness of vision and ability to execute. In this year’s report, among the market leaders, Oracle is positioned with the highest ability to execute and the strongest in completeness of vision.

Gartner has the following observations about the Corporate Performance Management space this year:

“Each year, Gartner emphasizes the most impactful market factors when considering each vendor’s scores. This Magic Quadrant stresses capabilities in three primary areas of market evolution. The first is the cloud. The CPM suite market is shifting toward cloud-based solutions that deliver a shorter time to value and improved ease of use. The ability to provide cloud-based solutions and vendor experience with supporting these solutions factored heavily in this market study. The second primary area of market evolution reflects vendor ability to provide more comprehensive strategic financial planning support. The third primary area of market evolution is analytics.”

Oracle enterprise performance management applications are an integrated, modular suite that supports a broad range of strategic and financial performance management processes and helps organizations drive digital transformation and generate value for the business. 

Click here to learn more:  Report

For more information about Oracle’s Enterprise Performance Management Applications please go to www.oracle.com/epm.

Disclaimer:
1)Oracle, Oracle Hyperion, Hyperion and Java are registered trademarks of Oracle and / or its Affiliates
2)Microsoft is a registered trademark of Microsoft and / or its affiliates
3)Any other trademark, name, logo, images, etc. are copyright and trademark of its respective owner which also includes Innov8 Infinite Technology Pvt.Ltd.

Insights from “Gartner Magic Quadrant Report for CPM” rating Oracle Hyperion as the leader

Gartner’s latest Magic Quadrant report for Corporate Performance Management (CPM) released on 19-Mar-2014 has rated Oracle EPM offering, Hyperion suite of EPM products, as the leader amongst all the CPM vendors.

Well, it is not very surprising to hear this (considering the past performance by Oracle Hyperion vis-a-vis other CPM vendors and being associated with Oracle Hyperion product suite since almost a decade), but definitely the results on quadrant and further information shared within the report are really interesting. My observations as below:

=> SAP & Oracle are placed almost together. Oracle beats SAP by maybe few basis points but strides made by SAP Hana probably had an impact on the results. We’ve lost few cases to SAP Hana on account of in-memory analytic features but I personally believe that most of the growth would be derived from SMB market due to which cloud offering on EPM is gaining recognition and more impetus amongst the big three players. Considering the same, the next year results would definitely account for cloud offerings by these three players (as pointed out within the report – Oracle was supposed to launch its EPM on cloud offering which is now already live)

=> IBM is a distant third and no one other CPM vendor is listed within the leadership quadrant. However, it seems that the quadrant may become more interesting next time with few other players in the Visionaries and Challengers Quandrant trying to gain make an entry into the leadership quadrant.

=> Gartner has a specific mention for Oracle regarding the low score achieved in CPM customer satisfaction survey and all the mentioned reasons are surprisingly controllable by Oracle. The reasons include: Contract Negotiation, Consulting Services and Help Desk Support.

=> It proves that one may have the best product in the market but if the company is unable to manage the customer requirements by way of support and quality service providers, you may risk being downgraded by the customers. In one of the meetings, a senior consulting member quoted, “In more than 90% of the projects that fail, it is not the problem of tool / system”. None of the above three highlighted issues in the report are non-manageable but somehow it seems that Oracle might have lost its way in the middle path to EPM leadership thereby allowing other players to gain substantially better in terms of customer satisfaction.

=>  I wish to also highlight Dodeca by Applied OLAP (a beautiful piece of software from an Essbase master, Tim Tow) which plugs in the gap between spreadsheet flexibility and Essbase Cube analytical abilities. During our demo session with Applied OLAP, we were informed of the fact that Essbase used to always score less in terms of BI customer satisfaction surveys until 2012 wherein it was the first time that Essbase actually was ranked #1 in BI Survey and  majority of the responses were from users who used Dodeca in conjunction with Essbase rather than standalone Essbase Excel Add-in. This point only goeas ahead in assisting the statement that a good product requires to be accompanied by usability factor to be termed as a market leader. Details about the BI survey report can be located at Applied OLAP website – here.

=> We firmly believe that in order for a product to be highly successful in market alongwith higher consumer satisfaction, it needs to keep things simple. Currently, majority of the CPM tools may have integration with MS Office as a standard functionality but what users actually need is a simple tool to ensure that his requirements are met.

=> 90% of the customers (business team as well as IT) that I’ve met have always wanted to keep things simple. Businesses are now more concerned on TCO being increased due to additional IT burden and would even opt for a solution which ensures minimal IT interference while ensuring the data security within day to day business operations.

P.S.: It is with the philosophy of simplicity, that we have developed Smart Metadata Creator System (SMCS) which targets finance business owners to take ownership of the dimensional hierarchy with minimal Oracle Hyperion Planning knowledge for ease in design process and also safeguarding possible future data mismatch and having a positive impact on the entire project timeline.

Disclaimer: Dodeca and all the associated trademarks are owned by Applied OLAP and / or Mr. Tim Tow and Innov8 Infinite is not yet a member of the Applied OLAP partnership network. The firm do intends to include the product within its solution portfolio in future but it has not influenced our decision towards inclusion / exclusion of any of the above information.

Disclaimer:
1)Oracle, Oracle Hyperion, Hyperion and Java are registered trademarks of Oracle and / or its Affiliates
2)Microsoft is a registered trademark of Microsoft and / or its affiliates
3)Any other trademark, name, logo, images, etc. are copyright and trademark of its respective owner which also includes Innov8 Infinite Technology Pvt.Ltd.

Gartner Positions Oracle as a Leader in CPM Suites

On February 14th Gartner released their 2013 Magic Quadrant for Corporate Performance Management Suites report. In the report, Oracle was recognized as a Market Leader for the sixth consecutive year.


Gartner’s Magic Quadrant reports position vendors within a particular quadrant based on their completeness of vision and ability to execute. In this year’s report, among the market leaders, Oracle is positioned with the highest ability to execute and the strongest in completeness of vision.


Here’s an excerpt from the report with some comments about Oracle from Gartner:


“Oracle is a Leader in CPM suites, and the Hyperion brand is respected by finance executives worldwide. Oracle has a very broad and deep CPM product suite, which employs a multiproduct approach with different applications for each of the major CPM processes; however, these products employ a common foundation and administrative components. The vendor has a well-established partner channel and Hyperion skills are plentiful among the consultant community, given the well-established products.”


Oracle Hyperion Performance Management Applications are part of Oracle Business Analytics, which combine market-leading enterprise performance management applications with business intelligence tools and technology and analytic applications to help organizations strategize, plan and optimize business operations and achieve better business outcomes.


Click here to learn more:  reportpress release


For more information about Oracle’s Hyperion Performance Management Applications please go to www.oracle.com/epm.

Disclaimer:
1)Oracle, Oracle Hyperion, Hyperion and Java are registered trademarks of Oracle and / or its Affiliates
2)Microsoft is a registered trademark of Microsoft and / or its affiliates
3)Any other trademark, name, logo, images, etc. are copyright and trademark of its respective owner which also includes Innov8 Infinite Technology Pvt.Ltd.