Category Archives: oracle

Customers and Partners Discuss the Benefits of Oracle Planning and Budgeting Cloud

By Guest Blogger: McKenzie Clune

Oracle Planning and Budgeting Cloud (PBCS) enables businesses of all sizes to rapidly adopt a world-class planning, budgeting and forecasting solution. This service features first in class planning and forecasting functionality, and enables accelerated adoption and flexible deployment options to meet your changing business needs. Oracle PBCS works to connect operational assumptions to financial outcomes and requires no capital infrastructure investment and minimal IT resources.  


At Collaborate 2015, Nigel Youell, Senior Product Marketing Director of Enterprise Performance Management at Oracle was joined by Emily Baird, Senior Accountant for Diono LLC to talk about Diono’s use of PBCS. Emily described Diono’s decision to adopt PBCS – namely, Diono’s budgeting, forecasting and reporting processes were very dependent on spreadsheets, and the tool that was directly linked to the ERP system was resulting in broken links and data integrity issues. As a rapidly growing mid-sized company with a global footprint, Diono found the cloud aspect of PBCS very attractive due to the low investment and scalability. PBCS had the potential to grow with the company.  

Diono’s implementation lasted roughly six months, and the company has already experienced significant improvements in reporting, annual budgeting and overall productivity. Specifically, Emily touches on how calculations, translations and consolidations of data from seven different countries, a once five week process, can now be performed in minutes – Thanks to Oracle’s PBCS!

To watch the video, click here

Nigel also spoke with Scott Costello, Director for Cloud Service and Emerging Technologies for Key Performance Ideas, about the benefits their customers have been realizing with PBCS. Key Performance Ideas currently has about 15 organizations using the software, and that number continues to grow. Scott talks about the agility that comes with PBCS, and how customers are leveraging the software for Line of Business (LOB) planning outside of Finance, including  sales planning, marketing planning, and even daily and weekly planning.  

One of the main benefits Scott describes is the positive economic impact associated with implementing PBCS, which makes it an attractive product. With PBCS, there are no upfront infrastructure costs or maintenance costs, and customers receive automatic updates. Lastly, the subscription aspect of PBCS allows for flexible and scalable deployment. Oracle’s PBCS has made many operations easier, and our partners and customers are realizing the associated benefits.

To watch the video, click here
To learn more about PBCS, click here


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.

Customers and Partners Discuss the Benefits of Oracle Planning and Budgeting Cloud

By Guest Blogger: McKenzie Clune

Oracle Planning and Budgeting Cloud (PBCS) enables businesses of all sizes to rapidly adopt a world-class planning, budgeting and forecasting solution. This service features first in class planning and forecasting functionality, and enables accelerated adoption and flexible deployment options to meet your changing business needs. Oracle PBCS works to connect operational assumptions to financial outcomes and requires no capital infrastructure investment and minimal IT resources.  


At Collaborate 2015, Nigel Youell, Senior Product Marketing Director of Enterprise Performance Management at Oracle was joined by Emily Baird, Senior Accountant for Diono LLC to talk about Diono’s use of PBCS. Emily described Diono’s decision to adopt PBCS – namely, Diono’s budgeting, forecasting and reporting processes were very dependent on spreadsheets, and the tool that was directly linked to the ERP system was resulting in broken links and data integrity issues. As a rapidly growing mid-sized company with a global footprint, Diono found the cloud aspect of PBCS very attractive due to the low investment and scalability. PBCS had the potential to grow with the company.  

Diono’s implementation lasted roughly six months, and the company has already experienced significant improvements in reporting, annual budgeting and overall productivity. Specifically, Emily touches on how calculations, translations and consolidations of data from seven different countries, a once five week process, can now be performed in minutes – Thanks to Oracle’s PBCS!

To watch the video, click here

Nigel also spoke with Scott Costello, Director for Cloud Service and Emerging Technologies for Key Performance Ideas, about the benefits their customers have been realizing with PBCS. Key Performance Ideas currently has about 15 organizations using the software, and that number continues to grow. Scott talks about the agility that comes with PBCS, and how customers are leveraging the software for Line of Business (LOB) planning outside of Finance, including  sales planning, marketing planning, and even daily and weekly planning.  

One of the main benefits Scott describes is the positive economic impact associated with implementing PBCS, which makes it an attractive product. With PBCS, there are no upfront infrastructure costs or maintenance costs, and customers receive automatic updates. Lastly, the subscription aspect of PBCS allows for flexible and scalable deployment. Oracle’s PBCS has made many operations easier, and our partners and customers are realizing the associated benefits.

To watch the video, click here
To learn more about PBCS, click here


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.

Oracle Hyperion Tax Provision: An Integrated Solution Bringing Tax and Finance Together

By Guest Blogger: McKenzie Clune

Oracle Hyperion Tax Provision (HTP) is an unparalleled tax reporting solution that integrates directly with the financial close and reporting process. This solution solves data and process challenges faced by corporate tax departments. The secret is that the tax provision problem does not lie with actual calculation of a tax provision, but rather with the collection and management of the data necessary to calculate the tax provision, which is why Oracle HTP works to streamline the process. Additionally, with alignment to financial department data and processes, you can achieve a more effective, efficient and transparent tax function.

At Oracle OpenWorld, Nigel Youell, Senior Product Marketing Director of Enterprise Performance Management at Oracle, was joined by Jim Gruber and Michael Pilch from TransRe to discuss their experience with Oracle HTP. Jim Gruber is from the Tax Department and Michael Pilch is from the Accounting Department of TransRe, which added interesting insights to this interview because Tax Provisioning is often a discussion between these two departments as the tax close process is  integral to the finance close.


TransRe shed light on their implementation process of Oracle HTP and how they achieved a “bringing together” of accounting and tax, which is something that had been lacking on the tax side of things previously. Due to this “bringing together”, the benefits realized in the tax provision process directly improved the financial close. Furthermore, by working within an integrated finance and tax-reporting platform, both the finance and tax departments spoke the ‘same language’ or ‘one version of the truth’ as TransRe describes it. There is less room for misunderstandings or inconsistencies involving data, metadata, and process, and more room for analysis–which is their ultimate goal.  TransRe is working to shorten their processes further, which will allow for even more time for analysis and improvements.

To watch the video, click here

Also at Oracle OpenWorld, Nigel was joined by Bart Janssen from Deloitte Netherlands to discuss how things have changed with the availability of Oracle Hyperion Tax Provision. Bart indicated that this solution is truly a game changer for tax because it leverages the knowledge of and closes the gap between finance, tax, and IT. This enables these parties to collectively work together, which ultimately results in the best tax solution for the company. The tax provision and financial close of a company go hand in hand as the Tax Department receive their data from the Financial Department, and therefore they need to be integrated. Oracle Hyperion Tax Provision results in a successful, more integrated process.

To watch the video, click here.  
To learn more about Oracle Hyperion Tax Provision, click here

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.

Enterprise Performance Clearly Explained With a Collaborative, Intuitive, Reporting Solution

In today’s Digital Age, the ability for management to clearly explain the quality and sustainability of corporate performance has become more important than ever.  Increasingly, the ability to value and explain the value of intangible assets is becoming a competitive differentiator.  Global and regulatory mandates around narrative reporting are also emerging, with the EU Directive on Non-Financial Reporting and SEC interest in making financial disclosure more effective.  

While there is a clear need for increased commentary and narrative in reporting, most performance reporting processes remain manual and ad-hoc.  The effort is time consuming, lacking process rigor and collaboration.  Errors are made in combining ‘data’ (what) with ‘narrative’ (who, when, why), especially with re-keying data.  In addition, organizations lack the ability to analyze the data to validate the narrative.  The disconnected nature of the process means it is difficult to bring subject matter experts into the process for centralized commentary.  Finally, there are auditability concerns and weak security around supporting “need to know” access to content.

In fact, in a recent survey, 90% of respondents agreed that expanding qualitative commentary in management reporting processes was critical to their organization. Yet, more than half of respondents were not confident in their tools to provide sufficient collaboration to produce that qualitative commentary.   

Oracle Enterprise Performance Reporting Cloud,  the newest offering in Oracle Enterprise Performance Management (EPM) Cloud, helps address these challenges.  It uniquely combines management, narrative and statutory reporting needs in a single, secure, and collaborative solution.  Complete authoring, collaboration, commentary, and report delivery capabilities streamline the process.  You can easily combine system of record data for more accurate reporting.  Secure, role-based auditable access on desktop and mobile devices enables the delivery of faster, meaningful insights to all stakeholders, anytime, anywhere.

Oracle Enterprise Performance Reporting Cloud combines data and narrative, providing a single web interface for report package contributors.  Report package owners define, manage, monitor and interact with content through this interface, while assigned users see only the content applicable to the role they have been assigned. In addition, users can easily take a deeper dive into the data without leaving the application.  Oracle Enterprise Performance Reporting Cloud includes the ability to perform multi-dimensional and other analysis on financial data.

The solution enables business users to participate in the narrative reporting process through the web interface on a variety of devices, including desktops and tablets.  Collaboration throughout the process is key to getting the most accurate picture possible, and helps shrink the time it takes to define, produce and deliver reports.

Increased demand, both internally and externally, for information, plus many data sources can make it challenging to have confidence in the results reported.  Oracle Enterprise Performance Reporting Cloud enables you to easily combine system of record data into your narrative reporting.  Authors can integrate both on-premises and cloud-based EPM and BI data sources directly, as well as integrate data from Oracle and other ERP systems, thereby leveraging existing IT investments.  This helps provide trust and reliability that the numbers and information are accurate.

We have seen tremendous interest from customers looking to “standardize” on a platform for narrative-based performance reporting.  Reporting needs range from quarterly or annual reports for external stakeholders, to internal management and business performance reviews, as well as periodic reports submitted to industry agencies, sustainability reporting, and more.

“We find Oracle Enterprise Performance Reporting Cloud extremely intuitive and easy to use.  The cloud-based nature of this solution, along with strong collaborative and security features, will help streamline the time it takes our clients to produce and deliver reports.”  Neil Sellers, Director Qubix

Stay tuned for more exciting news around customer adoption in the coming months!

To learn more about Oracle Enterprise Performance Reporting Cloud, click here.

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.

Great Oracle EPM Content at Collaborate15 in Las Vegas


Last week, the Oracle Enterprise Performance Management (EPM) Product Management and Product Marketing teams went to Las Vegas for the combined US User Groups (OAUG, IOUG and Quest) Collaborate15 conference. Overall, there were some 73 Enterprise Performance Management (EPM) sessions delivered by Oracle, partners and customers covering all aspects of the subject and a wide range of Oracle Enterprise Performance Management solutions. In addition, there were three Oracle demo pods for Enterprise Performance Management, Business Intelligence and Big Data.

The Oracle sessions included updates on Oracle Hyperion Financial Close Suite from product manager Rich Wilkie, and Oracle Hyperion Enterprise Planning Suite from product manager Shankar Viswanathan. There were also sessions on current and forthcoming Oracle Cloud products – Oracle Planning and Budgeting Cloud Service presented by Shankar Viswanathan, and Oracle Enterprise Performance Reporting Cloud Service presented by Jennifer Toomey from Oracle EPM Product Marketing. Al Marciante, from product management, gave an update and an outline of the roadmap for the entire Oracle Enterprise Performance Management suite.



Jennifer Toomey

While at the conference, the Oracle Product Marketing team worked with customers, partners and staff to organize and record short videos based on the presentations they gave so that the great information they presented can be shared with a much wider audience. In total, 22 videos were recorded and will be released via the Oracle Business Analytics YouTube channel (link) over the next few weeks. There are some great stories in the videos on how organizations have implemented and benefited from Oracle Enterprise Performance Management. For example, one customer was able to reduce budget calculations and aggregations from weeks to minutes with Oracle Planning and Budgeting Cloud Service and another customer, using Oracle Hyperion Accounts Reconciliation Manager, was able to reduce their time to close from 15 days to 8. Watch for links to these videos published via our social media channels – @OracleAnalytics, LinkedIn – Official Oracle Business Analytics group. We will also post a selection of links here in a few weeks.

Finally, thanks to all the customers and partners who made the effort to prepare and deliver presentations at the conference and for the many attendees who went to the sessions. There were some great EPM discussions and complements at the sessions, in the exhibition area, and in the conference halls. Hope to see you at Collaborate next year.

To learn more about Oracle Enterprise Performance Management (EPM), click here
To watch videos from Collaborate 2014, click here


Nigel Youell (left) speaking with Al Marciante 



Nigel Youell (left) speaking with Shankar Viswanathan



Nigel Youell (left) speaking with  Rich Wilkie


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.

Oracle’s Top EPM Trends for 2015

Modern CFOs are successfully leveraging digital technologies in their Enterprise Performance Management (EPM) processes to transform their finance organizations and generate value for the business.  Which EPM priorities are at the top of the Finance agenda? What are the most compelling developments in big data, analytics, mobile technology, and cloud computing that motivate Finance leaders to undertake new technology initiatives?

Oracle surveyed hundreds of decision makers to learn more about their EPM plans for 2015—both within the Oracle customer base and the industry at large. We asked your colleagues to provide specific feedback on EPM technologies and practices—past, present, and future. From this extensive data set we compiled the following views and outlook—along with a bit of advice.  

For details on each trend, download the entire report here.

Trend 1 – EPM Embraces the Cloud; Speed is Key
EPM Cloud is planned to nearly double in 2015 vs. 2014. Compared to last year’s EPM Trends survey, speed and agility overtook cost considerations as a top cloud benefit. 

Trend 2: Mobile Goes Beyond Convenience to Strategic
Nearly half of respondents indicated that mobile technology adoption is providing growth opportunities and competitive advantage.

Trend 3: Big Data is Creating a New Signal for Finance
Over half of respondents expect to leverage big data in planning and forecasting processes in 2015 and 62% of CFOs around the world cited big data as hugely important to the future of business.

Trend 4: Modern Planning Practices are Becoming a Reality
More than 50% of respondents currently use, or are planning to use, driver-based budgeting and planning in the next 12 months. Rolling forecasts are in use or will be used in the next 12 months by 70% of respondents.

Trend 5: Detailed Costing Practices are Needed to Stay in the Game or Get Ahead
There was a 71% increase over last year in companies planning to cost individual customers, 133% more for costing invoices and 136% more for transactions. The desire to understand detailed costing practices has grown significantly. Meanwhile, many companies are still over-burdening their General Ledger with management reporting calculations.

Trend 6: Finance Departments need Literacy as well as Numeracy
Over half of respondents expect external stakeholders will require greater explanation of the numbers in financial reports, and 90% agree that expanding qualitative commentary in management reporting processes is critical.  It’s not just about the numbers – stakeholders want them put into context.

Trend 7: Organizations are not Realizing the Wider Benefits of Enterprise Data Governance
Over half of respondents already have Enterprise Data Governance (EDG) in place to help align reporting from multiple systems and in 2015, EDG is expected to reduce the use of spreadsheets and email by half again. Finance has felt the pain, seen the need, and has taken action, but the front office is yet to act.

The focus of Modern Finance is evolving from governance to guidance. Predictive, data-driven analysis, continuous planning and budgeting, and real-time decision making are what’s needed now. 


Modern EPM tools leverage cloud, mobile, and big data technology and are changing how Finance organizations are run and the best practices they use to measure contribution to the business.  Armed with fresh, accurate, enterprise insights from EPM tools, the Finance department can confidently drive digital transformation.

To download the entire report on Oracle EPM Top Trends for 2015, click here
To learn more about Oracle EPM, click here


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.

Oracle’s Top EPM Trends for 2015

Modern CFOs are successfully leveraging digital technologies in their Enterprise Performance Management (EPM) processes to transform their finance organizations and generate value for the business.  Which EPM priorities are at the top of the Finance agenda? What are the most compelling developments in big data, analytics, mobile technology, and cloud computing that motivate Finance leaders to undertake new technology initiatives?

Oracle surveyed hundreds of decision makers to learn more about their EPM plans for 2015—both within the Oracle customer base and the industry at large. We asked your colleagues to provide specific feedback on EPM technologies and practices—past, present, and future. From this extensive data set we compiled the following views and outlook—along with a bit of advice.  

For details on each trend, download the entire report here.

Trend 1 – EPM Embraces the Cloud; Speed is Key
EPM Cloud is planned to nearly double in 2015 vs. 2014. Compared to last year’s EPM Trends survey, speed and agility overtook cost considerations as a top cloud benefit. 

Trend 2: Mobile Goes Beyond Convenience to Strategic
Nearly half of respondents indicated that mobile technology adoption is providing growth opportunities and competitive advantage.

Trend 3: Big Data is Creating a New Signal for Finance
Over half of respondents expect to leverage big data in planning and forecasting processes in 2015 and 62% of CFOs around the world cited big data as hugely important to the future of business.

Trend 4: Modern Planning Practices are Becoming a Reality
More than 50% of respondents currently use, or are planning to use, driver-based budgeting and planning in the next 12 months. Rolling forecasts are in use or will be used in the next 12 months by 70% of respondents.

Trend 5: Detailed Costing Practices are Needed to Stay in the Game or Get Ahead
There was a 71% increase over last year in companies planning to cost individual customers, 133% more for costing invoices and 136% more for transactions. The desire to understand detailed costing practices has grown significantly. Meanwhile, many companies are still over-burdening their General Ledger with management reporting calculations.

Trend 6: Finance Departments need Literacy as well as Numeracy
Over half of respondents expect external stakeholders will require greater explanation of the numbers in financial reports, and 90% agree that expanding qualitative commentary in management reporting processes is critical.  It’s not just about the numbers – stakeholders want them put into context.

Trend 7: Organizations are not Realizing the Wider Benefits of Enterprise Data Governance
Over half of respondents already have Enterprise Data Governance (EDG) in place to help align reporting from multiple systems and in 2015, EDG is expected to reduce the use of spreadsheets and email by half again. Finance has felt the pain, seen the need, and has taken action, but the front office is yet to act.

The focus of Modern Finance is evolving from governance to guidance. Predictive, data-driven analysis, continuous planning and budgeting, and real-time decision making are what’s needed now. 


Modern EPM tools leverage cloud, mobile, and big data technology and are changing how Finance organizations are run and the best practices they use to measure contribution to the business.  Armed with fresh, accurate, enterprise insights from EPM tools, the Finance department can confidently drive digital transformation.

To download the entire report on Oracle EPM Top Trends for 2015, click here
To learn more about Oracle EPM, click here


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.

How EPM and Six Sigma Intersect

There are so many wonderful business tools and methodologies out there that can help us monitor, analyze, set strategy and improve efficiency, etc., but can they all work together? Where do they connect? In this post I will focus on how EPM and Six Sigma intersect.


Six Sigma is a disciplined, data-driven approach and methodology for eliminating defects (driving toward six standard deviations between the mean and the nearest specification limit) in any process – from manufacturing to transactional and from product to service.  The principals of Six Sigma were originally were created by William Deming in his rebuilding of Japanese manufacturing industry post-WWII by applying statistical methods to measure, test, and improve design, quality and service.  By the 1980s, Six Sigma management techniques had been adopted more broadly for business process improvement and U.S. manufacturers such as Motorola, GE, Honeywell, and Dow competing in the global market.  By the 1990s, Six Sigma transcended manufacturing as Ritz Carlton Hotels applied total quality management and process improvement techniques to delivering five-star luxury service for their guests and were recognized twice with the Malcolm Baldrige National Quality Award by the U.S. Department of Commerce.

The Six Sigma method, when employed properly, aligns your organization and processes to achieve efficiency and a standard quality (whatever the standard should be).

Enterprise Performance Management is focused on

* Setting strategy for the company, including
        – Which products/services should be the focus in order to be competitive
        – Who are the desirable customers
        – Which markets to play in
        – What are the short and longer term goals
* Setting budgets, simulating forecasts
* Monitoring strategy execution
* Adjusting the strategy based on outcomes
* Reporting on the financial outcomes
* Repeat

To be very successful, the two methods should be employed together – EPM setting the desired strategy, Six Sigma providing the optimal processes and products/services to achieve the strategy; Six Sigma reporting on the outputs of the company and EPM reporting on strategic and financial outcomes.

Six Sigma’s job is primarily focused on lean operations, eliminating waste and inefficiencies  from monitoring feedback to knowing what’s working and what’s not, and when to ask what-if, making adjustments  based on that feedback for continuous improvement, etc. – where Enterprise Performance Management has both an internal and external view. It is simply not possible to set your near or long term strategy successfully without having an understanding of the external markets, external  customer sentiment, competitors’ movements and of course R&D on new products and services.

Without getting too philosophical, EPM typically functions assuming products and services are being made well and focuses on setting strategy and executing the strategy. Six Sigma focuses on making the products and services well and assumes that they are the right products and services to be made and delivered. In my opinion, they need to work hand-in-hand to successfully achieve your strategy.

For more information about Oracle Enterprise Performance Management (EPM), click here






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.

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

.
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.

Oracle Enterprise Performance Management Cloud and Oracle Enterprise Resource Planning Cloud Are Platforms of Choice for CFOs Worldwide

In an Oracle press release, it was revealed that more than 600 customers have selected Oracle’s rich, integrated suite of EPM and ERP cloud services to drive growth and innovation.

On January 30, 2015, Oracle announced that in the second quarter of its fiscal year 2015,  sales for Oracle Enterprise Performance Management Cloud (Oracle EPM Cloud)  increased by 80 percent, and 250 new Oracle ERP Cloud and Oracle EPM Cloud customers were added during the quarter. This growth reiterates customers’ confidence that Oracle is best positioned to offer CFOs a complete, integrated suite of financial management and enterprise performance management cloud services, all designed to work seamlessly and securely together.

“Our financial information has become transparent subsequent to our 2013 initial public offering,” notes Karri Callahan, acting chief financial officer and corporate controller, RE/MAX. “To support our ambitious growth strategy, we needed a more efficient finance system with embedded controls and extensive reporting capabilities. Oracle offered us pre-integrated, state-of-the-art cloud services. This was a compelling value, since we prefer to invest in technology innovations for our brokers and agents rather than maintaining separate systems.”

 “Oracle Planning and Budgeting Cloud Service will enable us to significantly reduce the time and effort needed to perform our daily P&L forecasting process, which is our most critical business management practice,” said Paul Cardell, vice president, Corporate Operations, CTDI. “In addition, the real-time analytical data and comprehensive reporting that we can generate from Oracle Planning and Budgeting Cloud Service will enable us to make timely and well-informed decisions in order to run our business better”

To view the entire press release, click here.
To read more about Enterprise Performance Management in the Cloud, click here.

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.