Oracle Enterprise Performance Management Cloud is on a roll. With more than 1,200 customers and nearly 70,000 users gained over the last two years with our Planning and Budgeting Cloud and Enterprise Performance Reporting Cloud solutions, we are continuing the momentum with the availability of three new cloud offerings: Enterprise Planning Cloud, Account Reconciliation Cloud, and Financial Consolidation and Close Cloud.
What do Oracle Cloud customers think of our solutions?
"Oracle Planning and Budgeting Cloud Service is the gold standard of cloud-based planning solutions. We wanted a rapidly deployable system to improve our planning systems and forecasting accuracy during a period of ambitious global expansion." — Elaine McKechnie, Head of Group Management Information Systems, Baxters Food Group
Customers now have the option to deploy cloud-based EPM solutions across their entire finance function and even beyond. Why is this important?
Offering a complete suite of EPM solutions in the cloud enables our customers to move away from the disconnected spreadsheets they have traditionally used for EPM processes toward more “enterprise” applications. Cloud makes it easier and more feasible to deploy applications across a wider audience throughout the organization, which can lead to higher forecast accuracy, better decisions, and more reliable results.
In a recent EPM trends survey, over 50% of the organizations that have EPM applications in the cloud today did not have these applications previously on-premises. Moreover, EPM in the cloud delivers a better experience all around, with more than 50% indicating that EPM cloud applications deliver better functionality, scalability and performance, faster implementation times, less complexity, and the ability to make the solutions available to a wider audience.
So what are the new Oracle EPM Cloud solutions that our customers can now take advantage of?
Stay tuned as we continue to add to our portfolio of EPM Cloud offerings and customer successes!
For additional reading on the latest in finance reporting, please download Enterprise Performance Management Top Trends for 2016.