What is Oracle EPM?
EPM stands for Enterprise Performance Management
Enterprise Performance Management (EPM) software helps businesses to understand, analyze, and report on businesses and organizations. Whether your business is Small-to-Medium sized, Enterprise Level, Non-Profit, a Higher Education Institution or Public Sector organization, there is an Oracle EPM software available for you that can be configured for many business models within many industries.
EPM refers to the processes designed to help organizations plan, budget, forecast and report on business performance as well as consolidate and finalize financial results (often referred to as “closing the books”). EPM solutions are primarily used by CFOs and the office of finance, while other functional areas, such as Human Resources, Sales, Marketing, and Information Technology groups use EPM for operational planning, budgeting, and reporting.
Oracle and Hyperion EPM has evolved since the 90s to deliver modern cloud-based solutions today from yesterday’s time consuming and error-prone spreadsheets.
Oracle EPM products are categorized into four main areas: Planning and Profitabiliy, Complete Financial Close, Narrative Reporting, and Enterprise Data Management.
Planning and Profitabiliy includes the following software products:
- Planning and Budgeting Cloud (PBCS)
- Enterprise Planning and Budgeting Cloud (EPBCS)
- Profitability and Cost Management Cloud (PCMCS)
Complete Financial Close includes the following software products:
- Financial Consolidation and Close Cloud (FCCS)
- Account Reconciliation Cloud (ARCS)
- Tax Reporting Cloud (TRCS)
Narrative Reporting includes the following software products:
- Enterprise Reporting Cloud (ERCS)
Enterprise Data Management includes the following software products:
- Enterprise Data Cloud Management (EDCMS)
