Oracle EPM System (Enterprise Performance Management)

The business platform of new generation Oracle Enterprise Performance Management (EPM) System - completely integrated multifunction cross-industrial solution increasing efficiency of operating activities and helping to optimize business management methods.

This solution of Oracle supports processes of strategic, financial and operational management in a unified environment, giving to the organizations an opportunity to work more elaborately, quickly and in coordination and also to increase levels of efficiency of transactions on the scale of all enterprise.

2020: Oracle EPM Cloud

For February, 2020 Oracle Enterprise Performance Management (EPM) Cloud is the full-function and connected solution for performance management of the enterprise. Business processes of Oracle EPM Cloud include practical recommendations and provide convenience of using as they can be configured under the preferences.

Oracle EPM Cloud helps to coordinate planning on all organization, to react to changes quicker, to quickly make forecasts for all directions of business. Are also available to users: creation of long-term forecasts in the conditions of unpredictable business development using the built-in complex modeling of scenarios; expense estimation and income and determination of the optimal directions of investments in the conditions of a lack of resources.

According to developers, Oracle EPM Cloud gives the chance to the companies quickly to adapt to changeable conditions of business and regulatory requirements, to reduce risks, to improve control and quicker to provide the expanded information to interested persons at any time and in any place.

With Oracle EPM of the company of any size can optimize processes on creation of reports, having integrated data with comments in the unified protected environment for joint work for the purpose of the accelerated obtaining exact analytical information for all participants of process even on the run.

2019: Digital assistants on report generation. Intellectual functions of financial control

On March 26, 2019 the company Oracle reported that it expanded opportunities artificial intelligence (AI) in solutions for enterprise management Oracle Enterprise Resource Planning (ERP) of Cloud and Oracle Enterprise Performance Management (EPM) Cloud. The advanced innovations on the basis of technologies machine learning include digital assistants on report generation about expenses and on project management, intellectual functions financial of control and supply chain management within projects. In more detail here.

2014: Oracle Enterprise Performance Management System 11.1.2.3.5

On April 8, 2014 the Oracle corporation announced new mobile version of the Oracle Enterprise Performance Management System 11.1.2.3.5 platform.

Tasks of the new application - to expand a scope of applications of performance management, to open additional opportunities for growth and to help the enterprises with achievement of competitive advantages. New applications are available to mobile devices with the operating system iOS and Android.

The new version of Oracle Enterprise Performance Management (EPM) System will help users to get access to analytical information for efficiency analysis of a company performance and timely acceptance of reasonable business solutions at any time and in any place.

In the new version two mobile improvements using which managers and heads of the enterprises out of office or in way, will actively continue to use solutions of Oracle for planning, closing of a financial period and viewing the reporting are offered.

The second innovation provides quick access to opportunities of the solution Hyperion Planning from tablet devices.

Mobile applications are available to the acting clients without the mezzanine board. They can be loaded into Apple App Store and Google Play Store.

Oracle EPM Mobile expands possibilities of heads of the organizations, accelerating procedures of consideration and approval due to easy access to workflows directly from smartphones or tablets. Oracle Hyperion Planning it is available on tablets iPad or Android to managers at execution of transactions of budgeting, planning and forecasting.

2012: Oracle Enterpise Performance Management System Release 11.1.2.2

In April, 2012 Oracle announced the new version of the platform of performance management of the Enterpise Performance Management System Release 11.1.2.2 enterprise. A system includes new applications for financial planning of the Project Financial Planning projects and management of reconciliation of accounts of Account Reconciliation Manager and a set of functional expansions on all portfolio of EPM-applications of Oracle Hyperion. Also it is reported that the new version will work at the hardware and software system Oracle Exalytics In-Memory Machine.

Project Financials Planning implements all necessary operations on formation of budgets, financing, approval and control of execution of plans and budgets within projects. The new module Account Reconciliation Manager allows to optimize process of closing of financial periods, to reduce audit risks and cost of transaction costs.

In the new version of EPM System the Hyperion Profitability and Cost Management application implements detailed modeling of profitability that allows clients to execute microcost estimation and to gain an exhaustive impression about expenses and income, customer groups and types of commercial transactions. In Oracle Hyperion Planning the new feature of forecast planning based on technology of statistical forecasting from Oracle Crystal Ball is supported. In the Hyperion Financial Management application setup of parameters is expanded, and the Hyperion Disclosure Management application includes the built-in support of checks of the Securities Commission now.

EPM System Release 11.1.2.2 has the new user interface in Web 2.0 style and is integrated with business applications of Oracle Fusion Financials, JD Edwards EnterpriseOne Financials and PeopleSoft Commitment Control.