Oracle Cloud Enterprise Performance Management (EPM) Applications

Oracle Enterprise Performance Management (EPM) is a world-class financial management solution that enables more efficient budgeting, forecasting, and financial planning processes. Designed to modernize financial management, Oracle EPM empowers organizations to innovate, scale, and thrive. But success relies not only on the technology itself but also on partnering with the right EPM implementation partner.

Oracle EPM, or Enterprise Performance Management, is a suite of cloud-based applications designed to enhance financial planning, budgeting, forecasting, consolidation, and reporting processes. With its centralized platform, Oracle EPM allows organizations to gain real-time insights and achieve data-driven decision-making.

Key modules like Planning and Budgeting Cloud Service (PBCS) and Financial Consolidation and Close Cloud Service (FCCS) empower businesses to streamline traditionally cumbersome processes. By integrating disparate tools, Oracle EPM creates a unified ecosystem where CFOs can analyze, predict, and adapt quickly to changing business conditions.

What Is Oracle EPM?

Core Capabilities of Oracle EPM

By automating and optimizing these critical tasks, Oracle EPM not only saves time but also increases reliability – a priority for CFOs navigating today’s fast-paced business environment.

Financial Planning and Budgeting
Consolidation and Close Processes
Reporting and Analytics

Eliminate spreadsheets and manual errors with automated workflows and driver-based models.

  • Improve data quality and plan visibility
  • Automate your forecasts with simple business-based drivers
  • Enable role-based enterprise planning
  • Integrate Analytics across ERP and planning systems

Speed up the monthly financial close by consolidating data across multiple entities quickly and accurately.

  • Standardize and automate your close
  • Consolidate complex businesses quickly
  • Integrate multiple ERP systems into a single, consistent consolidated view

Enable powerful real-time reporting tailored to different stakeholders to uncover actionable insights.

  • Rationalize & streamline multiple reporting platforms
  • Understand what reporting tools work best for different audiences
  • Structure your chart of accounts to accommodate multiple financial needs

How Oracle EPM Transforms the Office of the CFO

Oracle EPM isn’t merely about efficiency—it redefines the way CFOs operate. For a finance function grappling with complex market demands, Oracle EPM serves as a platform for resilience and innovation. Learn more about the Office of the CFO

Traditional budgeting is often plagued by errors due to countless Excel files and manual input. Oracle EPM’s Planning and Budgeting Cloud Service (PBCS) automates these processes, ensuring plans are consistent and aligned across departments.
Imagine a multinational company managing operations across five continents. Without Oracle EPM, the budgeting process could involve thousands of disconnected spreadsheets. With Oracle PBCS, those spreadsheets are replaced with a driver-based model that consolidates data in real-time. This means faster adjustments, clearer accountability, and deeper insights when facing sudden market shifts.

Enhanced-Financial-Planning-and-Budgeting

Forecasting is no longer about looking backward; it’s about predicting the future to gain a competitive edge. Oracle EPM’s forecasting models leverage historical data and advanced analytics to create accurate, actionable predictions. This allows CFOs to proactively mitigate risks or seize emerging opportunities before competitors.

Monthly closes and financial reporting are tedious but vital functions for CFOs. Oracle EPM’s Financial Consolidation and Close Cloud Service (FCCS) integrates data from multiple ERP systems into one centralized dashboard. By standardizing workflows, reporting becomes seamless, reducing the close cycle from weeks to days.

Modernized Reporting and Consolidation

II-VI Finds One Source of Truth for Planning with Help from Apps Associates

II-VI Incorporated, a global leader in engineered materials and optoelectronic components, faced significant challenges in scaling their planning processes during rapid expansion, including inconsistent forecasting methods across global teams, a cumbersome budgeting process, and limited visibility into organizational data. To address these issues, Apps Associates implemented Oracle Hyperion Planning, introducing a unified, automated solution tailored to II-VI’s needs. With Apps Associates’ expertise and a collaborative phased approach, the company achieved streamlined planning, improved global communication, and enhanced reporting accuracy. The results included rolling forecasts, detailed executive reports with variance analysis, and greater alignment across business units—transforming II-VI’s performance management capabilities and driving long-term success.

Learn more

We work closely with our clients to converge business strategy with technology. As product development, sales, marketing, supply, and delivery evolve over time, so does technology. We help customers see the long-term benefit of transforming their legacy systems and seeing the value of a cloud-based EPM solution to improve enterprise performance.

We know how important it is for an organization’s IT, business, and finance departments to work in sync – and we understand the critical role technology plays in that harmony.
At Apps we have found it is important for IT, business and finance to ask if their business strategies are aligned. Too often, the answer to this question is, “We don’t know.” Technology decisions are often made with little understanding of how, if at all, an investment in your finance ecosystem will drive the business forward. Many times, business leaders perceive technology as a cost – an expense they must manage, rather than a vehicle to help the company achieve its financial goals.

Maximize your Oracle EPM Solution with Apps Associates

Apps Associates pairs you with experienced consultants to design and implement the following Oracle Applications:

A key element of application implementation is user adoption. All our implementations include the change management and training to ensure a smooth transition and universal adoption of the new solution.

Apps Associates EPM Solutions

We believe that a planning, budgeting and forecasting solutions should serve to support your requirements and your team. Fully integrated EPM solutions are essential to providing corporate visibility of the activities that directly deliver growth. You deserve a clear framework for determining how to continuously improve and allocate resources to support the enterprise strategy, especially in the times we are living in.
With EPM, you can transform how you consolidate and close your books using finance solutions that support your profitability analysis process. Apps Associates has the expertise to help you improve the speed and accuracy of all aspects of your financial reporting process.

Additional Resources