Oracle
Get the flexibility and insights you need to perform better in any market situation. Oracle EPM helps model and plan for all business units, streamline the financial closing process and make better decisions. The Oracle Cloud EPM Platform is a framework of components that support all EPM processes. The platform enables you to optimize your EPM processes through a unified user experience and easy management.
What do you use Oracle EPM Cloud for?
All strategic and financial processes set up for running an organization are supported. These include: planning, budgeting, consolidation, taxation, internal and external reporting, cost allocation and analysis of profitability and profitability.
The platform:
- gives grip on - and insight into - processes;
- has the same basis for all processes;
- gives financials at all levels the right tools to manage within the company;
- provides simplicity and flexibility;
- Is moldable and malleable and;
- Offers support in making smart decisions
- is suitable for planning and reporting ESG-related issues.
The platform supports all EPM processes:
- Planning and Budgeting (PBC).
- Financial Consolidation and Close (FCC).
- Environmental, Social & Governance (ESG)
- Tax Reporting (TRC).
- Narrative Reporting (EPRC).
- Profitability and Cost Management (PCM).
- Account Reconciliation (ARC).
- Enterprise Data Management (EDM).
- Netsuite Planning and Budgeting (NSPB).
This application is not part of Oracle EPM Cloud, but is an EPM planning solution for organizations using Oracle Netsuite ERP.
Why Oracle EPM Cloud?
Width and depth
Oracle Cloud EPM connects financial and operational planning, streamlines the financial closing and reporting process, and manages your financial master data while integrating seamlessly with your core ERP. This is complemented by built-in best practices and predictive intelligence for all processes.
Flexible implementation
Oracle Cloud EPM provides the flexibility to implement and configure each EPM process independently, rather than forcing a big bang approach by implementing everything the same way and at the same time. It is modular and allows flexible implementation based on your timeline, your needs and your priorities.
Integration and security
Oracle Cloud EPM processes are regularly refreshed on the same schedule, and you don't have to manage updates and integrations for multiple cloud or hosted EPM vendors. You can define a common security model in the suite that simplifies and reduces the risk of security issues.
Who is Oracle EPM Cloud of interest to?
For financials at every level and from every department. From business controller to CFO or from operations to Tax Accountants.
Finext & Oracle
We can proudly say that Finext's relationship with Oracle has its origins in the 1990s. Since that time, we have worked together in various fields. In recent years, Finext has received several Oracle partner awards.
We worked with Oracle, as part of the "partner think tank," to bring FCC to an excellent consolidation solution. By working closely together and talking through the desired functionalities, the cloud solution is now a high-quality replacement for HFM.
Curious about how our tooling can help you?
What can you do with it?
Technology pays off even better when you can leverage it for more purposes. We explore the possibilities of our tools every day. Below are some of the solutions we've discovered.
With Oracle Cloud EPM for Sustainability, you have a powerful tool to effectively plan and report ESG data. Check out the application in the click demo!
Connecting Oracle NSPB (NetSuite Planning and Budgeting) with Oracle NetSuite via "saved searches" offers several advantages for companies using both systems.
In the race against the clock to close the books, Oracle EPM Narrative Reporting (EPRC) seamlessly integrates metrics and narratives to provide stakeholders with a comprehensive real-time view of financial data and speed up the closing process. In this article, we will explore the strengths of EPRC and provide two click demos to get you started!
Oracle Financial Consolidation and Close Cloud (FCC) is a solid consolidation solution in the cloud. The consolidation software is based on Hyperion's solid consolidation and reporting expertise, which has already proven itself worldwide with on-premise products such as Hyperion Financial Management (HFM).
As of Jan. 1, 2019, the new accounting standard IFRS 16 is effective. This new leasing standard requires leases to be valued on the balance sheet. IFRS 16 provides uniformity and transparency, but also requires centralization of all required data. Oracle also now has a solution to ensure a smooth transition to IFRS 16. Below we take you through this solution for lease accounting.
Oracle Hyperion Financial Data Management (FDM) is the data integration tool for Oracle Enterprise Performance Management (EPM) systems. With FDM, different sources become easily accessible to an EPM application. These can be text files, databases, ERP systems or other EPM applications.
Oracle Planning & Budgeting Cloud Service (PBCS) is Oracle's cloud solution for planning, budgeting and forecasting. The tool's flexibility helps integrate financial and operational planning processes and improve business forecasting.
Oracle Hyperion Financial Management (HFM) is a proven consolidation solution. The Oracle consolidation software is used worldwide, has been a household name for many years and can handle a high level of complexity.
Oracle Account Reconciliation Cloud (ARC) is a solid Reconciliation tool in the Cloud, ensuring the integrity of financial data. ARC is one of Oracle's modern cloud solutions with matching look and feel. It is ideally suited for Transaction Matching, Intercompany Matching and System to System Matching.
Oracle Tax Reporting Cloud Services (TRCS) is a cloud solution that makes corporate tax reporting but also Country-by-Country Reporting easier.
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At Finext, more than 100 driven financial professionals are at your service every day. Together we are committed to strengthening the position of the financial professional. Always expert, always practical and always with a touch of humor. Real professionals who make the difference.