Developers: | Oracle |
Date of the premiere of the system: | March, 2018 |
Technology: | MDM - Master Data Management - Management of the main master data, SaaS is the Software as service |
Oracle Enterprise Data Management Cloud is a single platform for management of crucial corporate data (such as charts of accounts of accounting) which allows to increase integrity and coordination of data.
Oracle Enterprise Data Management Cloud supplements the EPM Cloud complex from Oracle.
2018: Announcement
The Oracle corporation in March, 2018 announced cloud services of Oracle Enterprise Data Management Cloud. They are a part of Oracle Enterprise Performance Management (EPM) Cloud and are intended for satisfaction of the growing demand from the clients performing transformation of business for increase in its flexibility.
The modern quickly changing business environment sets a number of difficult tasks of approval of data for the enterprises. Use of cloud model, merge and absorption, reorganization and restructuring can result in inconsistency of data that demands from financial services of approval of separate data sets and the related metadata. To help financial top executives to eliminate errors and discrepancies at manual activities, to create uniform idea of all data of the enterprise and to implement the strategy of transformation of business for the front - and a back office, Oracle Enterprise Data Management Cloud provides the centralized support of corporate data on the principles of self-service, joint work with data and their rationalization.
In process of growth and development of the organizations heads of business and chief financial officers face harder and harder circle of problems in management and regulation of assets of corporate data which cannot be permitted successfully using traditional approaches — Hari Sankar, the vice president of group on development of EPM products of Oracle corporation noted Hari. — Oracle Enterprise Data Management Cloud provides to customers the platform which simplifies transformation of business and allows the organizations to maintain integrity, accuracy and coordination of data in all the applications — both cloud, and unrolled on own platform. |
Oracle Enterprise Data Management Cloud gives to customers following features:
- Acceleration of transition to a cloud: allows to perform migration and binding of data of the enterprise and the current changes in public, private and hybrid cloud environments of Oracle or other companies.
- Increase in business flexibility: gives the chance to accelerate transformation of business by modeling of scenarios of merges and absorption, reorganization and restructurings, standardization and upgrades of charts of accounts.
- Reduction of corporate applications in compliance with the current requirements: management of the current changes in applications of the front office, a back office and EPM-applications by means of self-service of corporate data, their sharing and rationalization.
- A reference system for all corporate data: support of corporate data in different business domains, including basic data, handbook data, dimensions, hierarchies, business taxonomy, the connected relations, mepping and attributes in different business contexts.[1]