In both reports, Oracle was recognized as a Leader for its Ability to Execute and Completeness of Vision for Oracle Fusion Cloud Enterprise Performance Management (EPM). Oracle Cloud EPM helps financial institutions eliminate manual processes and embrace continuous innovation, model and plan across finance, HR, supply chain, and sales, reduce time to close books and report, and make more effective business decisions.

Part of Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Cloud EPM offers a comprehensive set of enterprise performance management capabilities to align financial and operational planning, help close the books faster, and manage enterprise master data.

The solution's dedicated capabilities enable finance departments to effectively manage the entire consolidation and closing process. By automating account reconciliations and transaction matching and addressing tax reporting needs, it helps finance teams to increase the accuracy of financial statements, reduce time spent on global reporting, and address security and risks that are typically associated with these processes.

The product incorporates planning best practices and integrates finance, various business lines, and operations plans for greater accuracy and agility. Advanced scenario modeling capabilities help organizations navigate uncertainty.

The system has intelligent performance management capabilities that allows to quickly respond to changes in the business. Additionally, embedded AI continually monitors plans, forecasts, and variances to identify patterns in financial and operational data and predicts outcomes to help guide decision-making.

Oracle Cloud EPM gives organizations the ability to build and innovate, automate, adapt, and leverage new business opportunities on-demand. With ongoing updates in AI, machine learning, digital assistants, and analytics, the platform provides clients with the most advanced technologies on a continuous basis.

In addition, Gartner Peer Insights provides verified customer ratings. Earlier Oracle was named a Customers’ Choice for North America in the 2023 Gartner Peer Insights Voice of the Customer for Financial Planning Software report. And in reviews of Oracle’s Financial Close and Consolidation solutions over the last 12 months, as of December 12, 2023, 95% would recommend Oracle Cloud EPM to their peers.

For more information on purchasing Oracle Cloud EPM, as well as other Oracle solutions, please email oracle@muk.group.