Advice and Information for Finance Professionals

How to Move EPM to the Cloud, and Why Now is the Time

Guest Author


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:

  • “Generate a P&L at the press of a button”
  • “Complete forecasts faster”
  • “Dynamic profitability capability"
  • “Produce full monthly reporting packages within 4 days of month end”

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.

Reimagine Your EPM Process in the Cloud

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.

Migrating from On-premises Hyperion to EPM Cloud

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:

  • How Oracle EPM Cloud reduces total cost of ownership
  • How you can leverage best practices in the cloud to improve your business processes
  • How EPM Cloud provides greater agility in core finance functions
  • How customers like ATCO have migrated from Hyperion to EPM Cloud and lessons learned 

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.

Register now for the FEI webinar, Migrating your On-premises Hyperion Solution to Oracle EPM Cloud.

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