oracle cloud

ORACLE EPM CLOUD

 

A brief history

For more than 35 years, Oracle has been the leader in database software.

It has further developed technologies and acquired best-in-class companies over the years that leadership has expanded to the entire technology stack, from servers and storage, to database and middleware, through applications and recently into the cloud.

Oracle’s Cloud and on-premises applications provide market leading functionality with fast time to value, simplicity of configuration and pre-built content for deeper integration and easy extensibility.

CLOUD PRODUCTS AND SERVICES OFFERINGS
2015: Oracle Cloud Services year

In 2015, Oracle released its cloud services and a complete cloud platform, an increase in Oracle confidence in the cloud market and a new take on user experience.

Oracle offers the same technologies in the cloud and on premises, which makes it easy to move a database into the cloud or back on premises from the cloud.

Oracle’s product suite, (EPM) Cloud enables companies to drive predictable performance, report with confidence, and connect their entire organization.

EPM Cloud comprises the following products:

  • Enterprise Performance Management
  • Account Reconciliation
  • Financial Consolidation and Close Service
  • Planning and Budgeting
  • Enterprise Performance Reporting
  • Profitability and Cost Management
  • Tax Reporting

One of Oracle’s first EPM products to be part of the cloud was Oracle Planning and Budgeting Cloud Service (PBCS). A flexible planning application that supports enterprise-wide planning, budgeting, and forecasting in a cloud-based deployment model.

One of Oracle’s first EPM products to be part of the cloud was Oracle Planning and Budgeting Cloud Service (PBCS). A flexible planning application that supports enterprise-wide planning, budgeting, and forecasting in a cloud-based deployment model.

With Oracle PBCS and Oracle Financial Consolidation and Close Cloud Service (FCCCS) you can replace manual, spreadsheet-based financial processes with automated, centralized systems for budgeting, forecasting, analytics, variance reporting and consolidated financial reporting.

BENEFITS OF ORACLE EPM CLOUD SERVICES

Moving to the cloud has various benefits, the following are only few examples:

  • Easy Integration

The open-standards nature of EPM Applications and their ability to integrate with legacy systems, while supporting modular implementation strategies, make them a worthwhile consideration for the company looking to update or expand its operations; especially if the company has already invested heavily in Oracle products.

  • Faster and Cheaper Implementation

As with any software-as-a-service (SaaS) offering, EPM cloud services promise faster implementation times with fewer challenges.

An on-premise EPM Applications installation can represent a complex undertaking, especially if you do not have the in-house expertise, as it requires a multi-layered security framework added on top of an extensive collection of Oracle middleware.

Moving to EPM cloud removes these requirements, and therefore frees up resources and reduces costs.

  • Faster Upgrade

SaaS also offers the capacity to upgrade without IT having to coordinate a complex upgrade processes or invest in rapidly-obsolescing software.

  • Increased Flexibility

Cloud solutions provide a highly flexible, scalable infrastructure that expands and contracts to meet changing needs.

TRANSITION FROM PREMISE TO ORACLE CLOUD

Without a proper roadmap for transitioning essential IT systems to the cloud, organisations are at risk of spending time and money unnecessarily.

Tactic Key Consulting© offer a variety of services to help you make the best decisions based on your business needs. Contact us today and speak with one of our expert consultants regarding your IT strategy.

Where change is the only guarantee for the future in IT, cloud is the answer for businesses that want to remain part of the game.

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