“AI and machine learning bring you data-driven insights to help you take action faster. As a result, it enables clients to have a more unified user experience and simplified administration across different business functions.Ī reason why Oracle EPM consistently tops analyst rankings, with thousands of customers gaining more value from running their EPM processes with Oracle in the cloud, is its ability to drive better decisions with scenario modelling and built-in, advanced analytics. It is a framework of the technical and functional components shared among Cloud EPM processes. 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, close the books faster, and manage enterprise master data. This recognition from the IDC MarketScape is a testament to our best-in-class technology and directly reflects our efforts to help customers thrive." “To help our customers simplify and enhance these processes, Oracle Cloud EPM delivers fast and accurate insights that allow organisations to have visibility across all areas of operation and adapt to market shifts in real-time. “Effective financial planning and analysis can be difficult to achieve and that makes it very challenging to make timely data-driven decisions in our rapidly changing economy,” says Hari Sankar, Group Vice President, Product Management at Oracle. They have also said that they are quite satisfied with the customer support they've received from Oracle, courtesy of the vendor's extensive ecosystem of employees, partners, and peer customer community.” The product strengths highlighted include Oracle Cloud EPM's integrated business intelligence and advanced analytics, which enable customers to leverage advanced capabilities such as root cause analysis, scenario modelling, simulations, insight discovery, and intelligent narratives.Īccording to the report, “Customers mentioned that Oracle has one of the most comprehensive product road maps they've seen on the market. The report highlights Oracle’s comprehensive and feature-rich Oracle Fusion Cloud Enterprise Performance Management (EPM) solution. Vendors were assessed with special emphasis on the breadth of their portfolios and geographical presence, the innovative features in their products, customer satisfaction and perception, and the overall health of their business. The IDC MarketScape study, which evaluated 13 vendors, provides quantitative and qualitative characteristics of EPM applications in the market. Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. Invest in talents and skills, they will be the one executing your technology framework.Oracle has been named a Leader in the IDC MarketScape: Worldwide Enterprise Planning, Budgeting, and Forecasting 2022.Constantly improving cybersecurity measures.Preparing architectures to connect and operate with the various systems, including cloud services, partners and suppliers, mobile devices and more.Building technological capabilities that are flexible to customer’s needs, using real-time intelligence.Reduce operating costs by simplifying legacy systems and adopting robotics/AI.This means less focus on core mainframe systems and more on keeping or improving functionality without being tied down by the platform. Updating IT operating models to be ready for constant changes.To make the most out of your IT spending, an earlier report by PwC suggests financial services focus in six key areas. This includes solutions to mitigate and respond to fraud, security and compliance needs.īy 2021, risk IT spending will reach $94 billion, which translates to nearly 20 percent of the total IT spend by financial services globally.Ĭurrently, the risk spending stands at US$80 billion, and the total IT spend at US$440 billion. SPENDING ON IT INFRASTRUCTURE FOR CLOUD SET TO GROW 10.9PC IN 2018Īpart from improving infrastructure, financial services are spending more on risk-based IT.
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