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Expert Advice for Medium and Midsize Businesses

With Right-Time Data, You Can Make Right-Time Decisions

Jodi Warner
Content Marketing Specialist, Oracle

Spreadsheets have been the backbone of enterprise resource planning (ERP) and enterprise performance management (EPM) processes for years, but the speed they offered in the past is no longer keeping up with the demands of growing businesses. Since spreadsheets are manual, it makes them error-prone in nature, and they put businesses at risk with inaccurate outputs. According to an article published in the Enterprise Times, 60 percent of businesses in the US are still relying on spreadsheets, while around 21 percent are moving toward other software solutions.

As small-to-medium businesses (SMBs) grow, there is the need to have effective planning, budgeting, and forecasting systems in place. The right tools are needed to build an accurate picture of where you are, where you’re going, and what you need to do to get there.

An effective EPM solution automates basic tasks and streamlines complicated processes. With Oracle Enterprise Performance Management Cloud, a spreadsheet-like environment can be retained, while at the same time producing realistic, useful plans and budgets for your company’s future. Oracle EPM Cloud is comprehensive and can be connected to other vital systems.

Here are six ways Oracle EPM Cloud can give your decision-makers the tools they need to easily support digital transformation and growth:

  1. Identify products/services that are profit winners or profit losers
  2. Support narrative reporting for a more attractive and differentiated picture of the business
  3. Speed up and optimize the financial close process
  4. Construct accurate workforce planning models to ensure strategy is supported by the right talent
  5. Run a variety of “what-if” financial models
  6. Forecast, plan, and budget effectively to stay steady on the growth curve

Learn more about digitally transforming your company by reading the ebook “Digital Transformation for High-Growth Companies.”

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