Oracle Profitability and Cost Management Cloud (PCMC)

Profitability and Cost Management Cloud (PCMC) is the specialized solution for exact and transparent distribution control of income and expenses.

On November 15, 2016 the Oracle corporation provided technology of distribution control of income and expenses.

The product will help the companies to estimate correctly resource consumption and to act on the basis of the gained knowledge, providing profit increase. The cloud solution of PCMCS helps with understanding of the reasons of change of costs and income. Users can define profitability of clients, products, regions, sales channels and to take the measures necessary for cost reduction and profit increase^[1].

Screenshot of the software window, (2016)

Misunderstanding of where business sustains losses and where gets profit, can cause the actual damage. In the modern business environment more and more competitive and promptly changing, it is extremely important that the organization correctly defined priorities for concentration of resources and finance. The cloud service of Oracle PCMCS will allow the organizations to define easily profitable areas and points of inefficiency finally to increase dynamism of business and to provide profit increase at cost minimization. Hari Sankar (Hari Sankar), vice president of Oracle for the Enterprise Performance Management direction

According to Oracle, the practician of Hyperion Profitability and Cost Management for deployment at the enterprise provides use to PCMCS service of an opportunity and innovation in "cloud". PCMCS helps the organizations to do general ledgers "thin", executing detailed calculations outside ledgers. Business users can determine by one mouse click possibilities of profit increase and cost reduction, creating reports and dashboards without involvement of IT specialists.

As a part of the solution the ready built-in reports with line charts of profit, dot charts, traces, means for financial modeling and formation of own reports are offered. Oracle PCMCS can process big data sets and is integrated with ERP systems, a cloud solution of Oracle Enterprise Performance Management (EPM) Cloud and other performance management systems of the enterprise.

Submission of Oracle Profitability and Cost Management Cloud, (2016)

The technology of Oracle will help to define rationality of the direction of limited investments and scarce resources for receiving the maximum return in a number of key branches:

• the financial sector — banks can gain complete idea of difficult allocations of costs and calculate costs up to the level of a product, the client and branch;
• health care — the organizations can provide calculation of profitability of patients by means of exact coding of services;
• the higher education — educational institutions can determine the total cost of a training course, counting everything that is necessary for its carrying out, including costs for its development;
• telecommunications — the companies can distribute network costs up to specific service;
• transport — airlines can calculate costs for flight of the liner from one point in another (including capitalization of the liner, expenses on crew, parking at the airports) a distribution method on the basis of the number of passengers or the performed flights;
• power, housing and public utilities and public sector — users can distribute all total costs, including of infrastructure and service staff, on required services, providing transparency for the state supervision.

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