By Jennifer Toomey, Senior Director, Cloud Business Group, Oracle
What is a top motivating factor for moving enterprise performance management (EPM) to the cloud? When asked why they decided to move EPM to the cloud, 48% of respondents to our EPM Top Trends survey cited the desire to avoid on-premises upgrades. With systems starting to age, organizations are looking more closely at what’s involved with upgrades, and the cloud offers a compelling alternative.
That’s just one juicy nugget that came out of the annual survey. This year, we also asked the question, “What could you do in the cloud that you couldn’t do before?” Here is a short sampling of responses:
These customers are realizing that moving to the cloud is not just a lift-and-shift exercise; rather, it’s an opportunity to transform business processes.
If you use Hyperion—or any other EPM system—now is the time to take a look at Oracle EPM Cloud. Developed by the same team here at Oracle, it has all the market-leading functionality you’ve come to know and appreciate in Hyperion—yet has been rebuilt from the ground up to run in the cloud. This offers several advantages, including:
This last point proved especially advantageous to the respondents in our EPM Trends survey. When asked about the benefits of EPM Cloud, an astonishing 89% cited “Staying current on technology”—far ahead of any of the other benefits cited. Organizations found that the competitive advantage offered by always-new technology outweighed everything else.
Oracle EPM Cloud represents the next generation of EPM for finance and incorporates advanced technologies such as AI, machine learning, and process automation so finance can spend more time on decision making and strategic input to operational lines of business. Oracle EPM Cloud offers the opportunity to re-invent your processes, empowering business users in a way that was not previously practical, and enables a more agile organization.
But how do you manage a move to the cloud? Financial Executives International (FEI) and Oracle are hosting a webcast with ATCO to answer this and other questions. You’ll learn about making the business case for change, migration considerations, product considerations, and options available for moving to Oracle EPM Cloud. Key takeaways include:
Join us for this insightful webcast to learn how Oracle EPM Cloud can help your finance organization achieve new levels of meaningful insight, and gain a competitive advantage with always-up-to-date technology.