Oracle EPM - Bridge to Fusion Applications
By jmorourke on Apr 14, 2011
There was a lot of buzz at the Collaborate 2011 user conference in Orlando this week about the next generation, Oracle Fusion Applications. After more than five years of development, the long-awaited Fusion Applications are available to customers through the Fusion early adopters program and are planned for general release in 2011. Steve Miranda's keynote featured a video about the Principal Financial Group, talking about their experience as a Fusion early adopter. There were also a number of sessions at Collaborate dedicated to Fusion Applications, giving users an overview of their capabilities as well as an "under the hood" look at the architecture, technologies and integration capabilities with existing applications.
Designed from the ground up using the latest technology advances and incorporating best practices gathered from thousands of customers, Oracle Fusion Applications are completely open, service-enabled, enterprise applications. One of the compelling features in Fusion Applications is the embedded analytics and business intelligence. This includes integrated dashboards, analytics on transactional pages, multi-dimensional reporting, decision support and optimization. To enable this, Oracle's Enterprise Performance Management (EPM) and Business Intelligence (BI) technology is leveraged across the Fusion Applications suite to provide real-time, self-service reporting and analysis directly from the transactional data or against a data warehouse. Taking this even further, the ledger architecture in Fusion Financials is natively built using Oracle Essbase.
Through this embedded approach, end-users will benefit from the consistent user experience between analytics and transaction processing, and seamless integration with Fusion Applications such as Financials, CRM and Project Portfolio Management. Information Technology staff will benefit from the low cost of ownership provided by our integrated approach, and the ability to leverage existing resources and skill sets with expertise in the Oracle EPM and BI technologies.
One of the questions asked at a Fusion Financials session at Collaborate was; "what type of Planning, Financial Consolidation and other EPM functions are provided in Oracle Fusion Applications?" The answer is - these capabilities are provided by the Oracle Hyperion EPM Applications, which will be integrated with the Fusion Applications when they are released. Hyperion EPM applications already provide meta data and data integration, as well as drill-through capabilities to Oracle E-Business Suite Financials, PeopleSoft Financials and HCM, as well as SAP Financials and will offer the same capabilities for JD Edwards and Fusion Applications. This integration capability enables organizations to automate and integrate their management processes using Hyperion EPM solutions, while integrating financial and operational information from any combination of Oracle Applications Unlimited, Fusion Applications and non-Oracle systems.
Because of this, Oracle Hyperion EPM solutions can play a key role in an organization's adoption strategy for Fusion Applications acting as a "bridge" to the future. This means the Hyperion EPM suite can provide a consistent reporting, planning and analysis layer for executives, managers and analysts who need to maintain a steady pulse on the business and can't afford a disruption due to an operational systems migration. This is certainly "food for thought" for any customers considering a co-existence strategy or full migration to Oracle Fusion Applications. Here's a link to a recent white paper we published on this topic that provides more details: