Enterprise performance management (EPM) is nothing but a successful management of business performance management that consider the manifestation of various operations within a closed-loop model across all the aspects of the enterprise. There are a few rapidly emerging domains within the field of enterprise performance management that are initiated by the academic research, corporate initiatives, and commercial approaches like business planning, strategy formulation, financial management and supply chain effectiveness.
Now the question comes that how Oracle can help you match up with ever growing demands of enhanced enterprise performance management? Well, EPM applications or solutions provided by the Oracle support strategic planning, goal setting, financial and operational planning, end-to-end financial close and reporting process and more through an extensive and well-integrated suite.
With the Oracle enterprise performance management solutions, applications having capability to deliver greater speed and agility, which are bunched together in the general category of EPM, can offer more agility compared to the early days. Moreover, it can be easily managed by the financial organizations with little or no support from IT while getting rid of increasing the manpower for the same. With the EPM applications, now it is easy to boost up your financial close and reporting method while leveraging from far better transparency and confidence within your numbers.
Of course, enterprise performance brings tons of benefits to the organizations. It helps functional departments to leverage from better collaborative analysis and slicing and dicing data in a more innovative and out-of-the-box ways. Also, it enables employees or executives with real-time access to the key performance indicators, communicate and get a detailed look at the data.
Apart from these, EPM applications can also be used by the HR team or executives within the organization to analyze workforce and impact of salary and associated decisions. Moreover, it helps functional managers to analyze the best possible method for effective and quick decisions for business investments. An effective EPM solutions can significantly affect the overall functions of the organization to meet its legal or regulatory needs & deeds.
What kind of benefits that organizations leverage from Oracle EPM solutions?
There is no doubt that EPM applications greatly enhance the productivity and performance of the organizations. But opting for Oracle EPM solutions can bring tons of other benefits including:
• It helps you speed up the planning at the speed of business and leverage from improved analytic insights with the help of best in-class in-memory analytics software and hardware.
• Offers a complete, open and well-integrated EPM system that will help you unify the performance management, business intelligence and cutting-edge analytics on a single foundation.
• Brings unified web and MS office interfaces, common reporting tools, mobile information delivery and a unified administration across the enterprise.
With the help of strategic planning, financial close and reporting, and planning, budgeting and forecasting, Oracle EPM applications can surely help organizations fulfill their ever growing enterprise performance management needs & deeds…!
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