How Oracle EPM Cloud can Benefit your business?

What is an EPM cloud?

EPM cloud (Enterprise Performance Management) is a system that helps an organisation to streamline all of its processes and analyse them to understand and curate reports. Oracle Cloud EPM suite comes with modules to plan and execute effectively across finances, HR, supply chain and sales, and drive better results. It improves the overall performance of the organisation. Oracle EMP cloud can also assimilate various technologies that help in improving decisions and encourage automation in routine work.

Oracle integration cloud partner, Tangenz, provides different modules to cater to your need for planning, financial consolidation and close, account reconciliation, enterprise data management and narrative reporting. Implementing oracle EPM Cloud Planning for Workforce, Revenue & Expense will improve productivity & collaboration and eliminate errors due to no reliance on Spreadsheets.

How Oracle EPM Cloud can Benefit your business?

1. Streamline finances: Many organisations use methods for planning and budgeting that leads to inaccurate data and a significant number of errors! Oracle EPM Cloud Financial Consolidation & Close module takes advantage of and leverage out-of-the-box calculations to suit the specific needs of the businesses.

2. Data management: The work environment is changing rapidly, so is the working style of the companies. Therefore, the quantity of data that is being produced is increasing. Implementing Oracle EPM Cloud enterprise data management solution makes it easier to unify and supervise data and run functions smoothly.

3. Workforce planning: EPM solution complements HCM cloud oracle and helps in future planning of the workforce. For example, if there is a project that will require a limited workforce with specialised skills, the integration of these two programs helps in assessing the requirements of the project and the available resources and the employees with the specific skill sets in the organisation. It helps plan and prepares for the upcoming.

4. Management and narrative reporting: Oracle integration cloud EPM narrative reporting solution defines a secure passage for defining, authoring, reviewing and publishing management and financial reports. It lets you analyse, store, and source data. It is compatible with other oracles (like Oracle ERP or cloud HCM) and non-oracle sources.

5. Improves collaboration: Oracle EPM Cloud improves collaboration and shares real-time information within the organisation among teams and with collaborators. More and more companies are following work from anywhere or hybrid mode of work. At times like these, it becomes crucial for the companies to implement ERP systems to increase working efficiency and grow business.

To enhance and increase the productivity of an organisation, strong communication and data transfer is needed. An organisation drives better decisions after considering changing market conditions. It provides a more unified and better user experience and smoother administration in the various functions of a company. Oracle EPM cloud system modules provide a solution and increase the overall productivity. It saves time by automating the compilation and analyses of data to form reports. Streamlining the processes results in a better user experience and eliminates errors and inaccurate data.